Wipro plans $1 bn investment in AI business

Wipro said it is committed to making a $1 billion investment in advancing AI capabilities over the next three years.
Wipro ai360Wipro, a leading technology services and consulting company, also launched Wipro ai360 in order to add more customers for its AI business.

Accenture recently announced plans to make investment of $3 billion to enhance its AI capabilities for its enterprise clients.

“With the emergence of generative AI, we expect a fundamental shift up ahead, for all industries. New business models, new ways of working, and new challenges, too. Wipro’s ai360 ecosystem places responsible AI operations at the heart of all our AI work,” Wipro CEO Thierry Delaporte said.

Wipro ai360 will bring together 30,000 Wipro experts in data analytics and AI with Wipro’s technology and advisory ecosystem from four global business lines.

Wipro’s innovation hub Lab45 will be a core part of the Wipro ai360 ecosystem, providing clients with the talent, training, scale, as well as the research and co-innovation capabilities needed to accelerate AI adoption.

The $1 billion investment will help advance Wipro’s AI, data and analytics capabilities and foundation, R&D and platforms, enhance FullStride Cloud, and build new consulting capabilities to help clients adapt to change and unlock new value through AI.

Wipro will accelerate investments in startups through Wipro Ventures. Additionally, the company will launch a GenAI Seed Accelerator program, which will provide select GenAI-focused startups with the training needed to become enterprise-ready.

Wipro will train all 250,000 employees on AI fundamentals and responsible use of AI over the course of the next 12 months and will continue to provide more customized, ongoing training for employees in AI-specialized roles.

Wipro will develop a curriculum that maps out the AI journey for different roles. The completion of the curriculum will culminate in the credentialing of employees through the Decentralized Identity & Credential Exchange (DICE) ID platform.

Wipro will also run hackathons and challenges on its talent crowd platform, Topcoder, for continuous upskilling of employees.

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