Indian IT Spices Up Generative AI with New Recipes

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Sunday, Jun 25, 2023 | Was this email forwarded to you? Sign up here The likes of TCS, Wipro, Infosys, Tech Mahindra and others are supercharging ahead with generative AI offerings and solutions to fervently cease potential business opportunities. This week witnessed a slew of announcements and claims made by Indian IT firms around generative AI, and you’ll not be surprised. Wipro told AIM that it established its generative AI practice over two years ago. The company said that it is engaged with several leading companies across a wide variety of industries to develop centres of excellence (CoE) by leveraging their consulting expertise and their foundational research knowledge through academic partnerships. Recently, it also partnered with Google Cloud to advance enterprise adoption of generative AI. Wipro’s CTO Subha Tatavarti told AIM that the company has developed its own fine-tuned LLMs, which set them apart. “This allows us to leverage the rapid advancements made in foundation LLMs while focusing our efforts on refining our models to remain versatile and future-proof,” she added.  Further, she said that this unique approach allows them to develop intellectual property (IP) that is not only robust and adaptable but also applicable across multiple domains, offering unparalleled value to their clients and stakeholders.  Meanwhile, Infosys claimed to have leveraged its generative AI solution, called Infosys Topaz and was able to deliver superior off-store consumer experience with more than 95% accuracy for one of its food and beverage customers. Infosys Topaz is an AI-focused suite with 12,000 AI use cases, 150+ pre-trained AI models, and more than 10 AI platforms that can be deployed across multiple industries. Recently, the company has also partnered with Google Cloud to unleash generative AI offerings, alongside free generative AI certification programmes.  Infosys chief Salil Parekh stated that the company’s operating margin for the entire year stood at 21%, and believes that generative AI will create more opportunities. Interestingly, back in 2015, when AI was not a hot topic, Infosys, along with Elon Musk, AWS, and others donated $1 billion to OpenAI.  Recently, Infosys co-founder Nandan Nilekani, announced to donate $38.5 million (INR 315 crores) to IIT Bombay to push for AI advancements.  Tech Mahindra claims to have been working on generative AI long before OpenAI released ChatGPT. The company had developed the Storicool platform, an auto content creation tool, which was beyond its years, as per its chief CP Gurnani. “Since then, we have launched a suite of AI offerings for enterprises to help them in their digital acceleration journeys,” he added.  TCS, however, is still catching up with the generative AI race.  Besides its partnership with Google Cloud’s generative AI services, the company has not yet announced anything concrete. However, it said that it is working with customers in multiple industries and exploring how generative AI can be used to deliver value in their specific business contexts.  TCS claimed to have over 50,000 associates trained in AI. Within a year, it plans to earn 40,000 skill badges on Google Cloud Generative AI to support anticipated demand for its new offering.  HCL Tech, on the other hand, has partnered with Microsoft to leverage its Azure OpenAI Service, alongside the setting up of Microsoft Cloud Generative AI Center of Excellence (GenAI CoE) focused on developing industry-specific solutions.  LTIMindtree has launched a new generative AI platform called Canvas.ai. This platform will help companies build, manage, and utilise generative AI solutions responsibly, offering up to a 50% time reduction for cloud migration and app modernisation programs. A recent study by Unearth Insights estimates that the tech services industry would be investing close to $50-100 million by FY25 in generative AI solutions for sales, support, and enabling functions to transform employee experience and roles.  Further, it said that these solutions would eventually be taken to clients with RoI metrics creating additional revenue potential of $2-3 billion for the Indian IT, along with technology enablers like SAP, Oracle, Salesforce, Zoho and others, over the next four to five years.  Top Stories of the Week >> Google Search is Killing the SEO Experience The SEO industry is all about trying to cheat Google Search by ranking their websites on top. Fortunately or unfortunately, this is about to change significantly with Google Search’s focus on generating answers, instead of showcasing search results. Read more here. People & AI >> Tech Mahindra, BosonQ Psi to Move AI to Quantum Recognising the potential of quantum computing, Tech Mahindra, recently formed a strategic partnership with BosonQ Psi, a pioneering quantum computing startup in India. AIM caught up with Nikhil Malhotra, chief innovation officer at Tech Mahindra and creator of Makers’ Lab and Aditya Singh, one of the founding members and head of growth and infrastructure of BosonQ Psi to understand the vision and scope of the partnership. Check out the complete interview here.  Sima.ai Gears Up for a Generative AI-Embedded Edge Future With a mission to bring AI revolution to the industrial world, Sima.ai, a US-based AI chip startup has announced that the first-generation design of its AI chip based on TSMC 16nm technology has entered mass production. In an exclusive interview with AIM, Krishna Rangasayee, founder and CEO of SiMa.ai, unveiled some of the latest developments and progress it has been making in the field of semiconductors. Read the full interview here.  ‘India Can be a 600-Pound Gorilla of Quantum Applications’ With a razor-sharp focus on room-temperature quantum computing and open-source QristalSDK, Quantum Brilliance is pushing the boundaries of what’s possible in the revolutionary quantum field. In an exclusive interview with AIM, the chief of Quantum Brilliance, Mark Mattingley-Scott, shares the untapped potential India has in unleashing the power of quantum applications. Read more here.  AIM Videos >> In our latest episode of AIM Walkthrough, we visited Genpact’s Bengaluru campus, to understand why Genpact is the best place to work, for data science and analytics professionals, alongside showcasing the work culture and more. MachineCon 2023 Highlights >> Celebrating the triumph of AI leaders and tech enthusiasts, the highly successful MachineCon 2023 in Bengaluru captivated attendees with new use cases of generative AI, alongside exploring adoption strategies, tackling challenges, delving into the extensive capabilities, round table discussions, and more.  Key takeaways from MachineCon 2023: Flipkart’s SVP and CDO, Ravi Vijayaraghavan, kickstarted the session by showcasing the importance of understanding market demand and customer preferences to improve selection and product design. He also touched upon some of the challenges of predicting demand, identifying selection gaps, and how generative AI can help in making informed design choices.  EXL’s SVP and head of India and APAC for analytics, Manoj Madhusudanan, discussed the incredible potential and economic value of using generative AI across industries, including education, gaming and online platforms. He also emphasised the transformative power of generative AI and the need for structured approaches and data-driven decision-making in leveraging its benefits. Lenskart’s SVP Saurabh Agrawal, discussed in brief the impact of online shopping experiences and the challenges faced in the eyewear industry. He highlighted the importance of personalised recommendations and the use of VR to help customers find the right frame size and more.  Salesforce’s Prashant Momaya talked about the revolution in analytics and how Salesforce and Tableau are incorporating it into their products. He also introduced new technologies and features that aim to automate and simplify the data analysis process.  SingleStore’s senior solutions architect, Rakesh Puttaswamy, discussed SQL server as a modern data system that can handle transactions, analytics, contextualisation in real-time, and more.  Download our mobile app Access our stories, video content and events on the go. 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