Indian IT companies like Wipro, TCS, and Infosys are delaying the onboarding of 10,000 freshers, and refusing to provide a joining date.
Trained more than 120,000 employees on generative AI tools.
“We are driving to become an AI first company,” said Infosys CEO Salil Parekh.
Women are notably underrepresented in fields such as engineering, information and communication technology, and physics.
Infosys is currently managing over 225 generative AI programs for its clients, and has upskilled 2.5 lakh employees with generative AI.
Global brands using Infosys Aster have realised up to a 50% increase in repeat buyers, a 30% improvement in the cost of marketing operations, and a 40% increase in sales.
The collaboration aims to increase productivity, enhance efficiency, and improve user experience for organisations by combining ServiceNow’s Now Assist generative AI capabilities and Infosys Cobalt,
Based in Germany, in-tech specialises in digitisation in automotive, rail transport, and smart industry sectors.
Shows overconfidence in generative AI without revealing the numbers, unlike its competitors.
Infosys could have been the Microsoft of IT consulting with its investment in OpenAI.
Yann LeCun recently met with an Infosys founder who is funding a project based on Llama 2.
But, says, has strong capabilities
Founded in 2013, InSemi provides end-to-end semiconductor design services, covering electronic design, platform design, automation, embedded, and software technologies.
Analysts predict that around 2% of the revenue in the coming year would be through generative AI directly.
One company’s loss can indeed become another’s gain.
Disclosing that GenAI project bookings constitute 2.4% of its total workload indicating an acceleration in revenue from AI for IT companies
The company commits to growing its local workforce to 500 employees over the next four years.
So India becomes the number one or the number two nation in the world, in terms of its GDP
Zoho’s chief Sridhar Vembu said that the wait time is around six months
Infosys & Google Cloud join forces to advance AI-powered solutions
The DC is expected to accommodate around 1,000 employees and is constructed with an emphasis on energy and water efficiency.
Infosys Topaz, in collaboration with Microsoft, will utilize Azure OpenAI Service and Azure Cognitive Services
Infosys has also unveiled plans to establish the “NVIDIA Center of Excellence,” dedicated to training and certifying 50,000 of its employees in NVIDIA AI technology.
A study by Microsoft and IAMAI found that India’s AI market is set to grow by 20% in the next five years, second only to China.
On his recent visit to India, Huang met with influential tech leaders in India, including Infosys co-founder Nandan Nilekani
The Indian IT titans have made big promises to advance generative AI applications. However, Tech Mahindra is currently the only company that has begun developing its indigenous LLM.
The industry is shifting its focus towards upskilling talent rather than layoffs.
Infosys said it is sound of opportunity that Infosys creates for people, businesses and communities
However, CEO Salil Parekh highlighted the success of large deals and AI initiatives in Q1FY24.
The undisclosed established client will provide AI and automation services over a period of five years.
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