TCS, Infosys, Wipro: Indian IT takes the AI leap in Q2 FY24

Expanding AI Ventures

[{"selector":"#anim-f7a4f94e-50e3-4ea4-94bb-2d9a6ad172c7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-21.98874056881267%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Indian IT companies TCS, Infosys, Wipro, and HCLTech announced their Q2 FY24 earnings earlier this month. A common theme across major IT players was their significant interest in generative artificial intelligence in the form of investments, collaboration with peers, and employee training

TCS - Diverse AI Use Cases

[{"selector":"#anim-fbd60550-5964-4fde-a690-7c7269b98cbf [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-59.22102388994802%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Tata Consultancy Services (TCS) announced that it has expanded its collaboration with Azure OpenAI, a partnership between Microsoft and OpenAI. During the press conference after the announcement of Q2 FY24 results, CEO K. Krithivasan highlighted the growing importance of AI, describing it as a central point of discussion with IT and business leaders across various markets

TCS pushes for employee upskilling

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Wipro - Integration of AI

[{"selector":"#anim-464fae2d-6acb-4271-8869-71972614ff45 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(2.104653771908826%, 0.6416533775170865%) scale(0.9090909090909091)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Wipro's CEO, Thierry Delaporte, reported after the announcement of Q2 FY24 results that the company has trained 180,000 employees in the fundamentals of generative AI in just one quarter

Wipro - AI in client interactions

[{"selector":"#anim-f9cb1664-445a-4ae2-925d-9a1cc043c032 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(17.41955425774866%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Wipro is also implementing generative AI in client-facing activities. The CEO explained that generative AI is becoming a fundamental part of client conversations across diverse industries, including healthcare, consumer services, financial sectors, high tech, and utilities

Wipro ai360

[{"selector":"#anim-8d2c2348-7db2-47af-b539-43471b3e40af [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.85800255239405%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Wipro also announced that they would be investing $ 1 billion in their AI vertical called ai360. Under ai360, Wipro has also opened a Centre of Excellence at Indian Institute of Technology, Delhi

Infosys - Emphasizing Generative AI Skills

[{"selector":"#anim-564d6683-19ea-498c-8da6-35516cfb4cf6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Infosys CEO Salil Parekh noted that the company has trained 57,000 employees in generative AI skills and is currently working on over 90 generative AI programs. Infosys is actively engaged in both proprietary and open source Large Language Models (LLMs), working in areas such as software development, text, voice, and video applications

Infosys - Enterprise-Focused AI

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HCLTech - Exploring Gen AI Opportunities

[{"selector":"#anim-5aad66e8-9d0a-4d62-ac86-bee41167ed79 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-0.8558809848739042%, -1.4657938694357207%) scale(0.8547008547008547)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] HCL Technologies CEO C. Vijayakumar identifies numerous opportunities in emerging areas like generative AI, with many already converting to successful projects in the implementation phase. He added that HCLTech is applying generative AI internally across its corporate functions, aiming to improve employee experiences and productivity. This involves pilot programs in people functions, finance, risk and compliance, and sales and marketing

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