Wipro increasing its investments in artificial intelligence and generative AI startups

Wipro is significantly increasing its investments in artificial intelligence (AI) and generative AI (GenAI) startups, emphasizing the importance of these ventures in fostering innovation.

Subha Tatavarti, Wipro’s Chief Technology Officer, highlighted the company’s strategy to leverage the startup ecosystem for technological advancements. According to Tatavarti, it is focusing on identifying and supporting early-stage startups through specialized boot camps designed to help these companies scale up and integrate their technologies into Wipro’s solutions. While the exact amount of investment was not disclosed, it had previously launched the AI360 ecosystem in July 2023 with a $1 billion commitment over three years to advance its AI capabilities. These investments which has been striving for growth in recent years. By collaborating with startups and established companies alike, it aims to address challenges related to high-compute workloads, such as those in data science and AI.

Wipro partners with NVIDIA and other startups that are transforming traditional cloud models with GPU-based infrastructure. Tatavarti emphasized that it’s approach spans the entire technology stack, from chip and system design to middleware and the deployment of AI applications. This comprehensive strategy of Wipro seeks to innovate at every level, optimizing chip efficiency, improving system design, and enhancing AI application deployment. The goal is to make AI technologies more accessible and affordable by reducing costs associated with high-performance computing and exploring the feasibility of running large language models (LLMs) on commodity CPUs instead of expensive GPUs. In conclusion, Wipro’s investments in AI and Gen AI startups underscore its commitment to innovation and growth in the IT sector. By partnering with startups and leveraging cutting-edge technologies, It aims to enhance its offerings and meet the evolving needs of its clientele effectively.

[Image Source: AnalyticsIndia]