Investments & Innovation: Wipro has been investing greatly in AI research and innovation. Its research team comprises over 300 AI practitioners and product managers, supporting over 60 AI-focused research initiatives. It continues to expand this resource pool by training employees through joint AI Ph.D. programs with universities. Through Wipro Ventures, it invests in new-age startups such as Incorta, Vectra, and Avaamo. For instance, in February 2023, through a seed funding round, it invested in Kognitos, a technology company that provides a generative AI-powered business automation platform. To expand its AI footprint in the retail industry, Wipro launched a suite of intelligent solutions named Retail Innovation Experience in December 2022.
Partner Ecosystem: To expand its portfolio of solutions around computer vision, edge AI, and generative AI, Wipro has collaborated with tech companies such as Microsoft, Google, IBM, Nvidia, Pix4D, and Precision Hawk. Wipro is also one of the first companies to partner with Microsoft to launch two generative AI-powered solutions on its marketplace, (i) Wipro Enterprise Generative AI, a conversational assistant, and (ii) Wipro Legacy Modernization solution. Additionally, to explore innovative AI use cases, it has built an academic partner ecosystem with over 22 universities, such as Tel Aviv University, Carnegie Mellon University, and the University of Texas. It is also jointly working with the University of South Carolina and IIT Patna to build healthcare-specific large language models for generating drug-related insights, with plans to expand this partnership to the legal sector.
In the evolving AI landscape, enterprises are looking to capitalize on emerging technologies, such as generative AI, deep learning, and edge AI, to address complex business problems, focusing on process optimization and innovation.