Additionally, the firm unveiled TCS Generative AI Enterprise Adoption, a generative AI business product that allows companies to install OpenAI’s generative AI business capabilities via the Azure cloud platform.
The biggest IT services provider in India, Tata Consultancy Services (TCS), said on Thursday that it will educate 25,000 engineers in generative artificial intelligence (AI) tools and services from OpenAI, the company behind ChatGPT, a well-known chatbot. The Azure cloud platform from Microsoft will host and deliver generative AI services, making this service available to its customers.
Additionally, the firm unveiled TCS Generative AI Enterprise Adoption, a generative AI business product that enables companies to install OpenAI’s generative AI business capabilities on the Azure cloud platform. According to a news release from TCS, the business unit will “help clients enhance customer experience, launch new business models, grow revenue, and enhance productivity.”
After TCS announced a cooperation with Google Cloud on May 22 to create generative AI business services based on Google’s cloud platform, the Azure OpenAI business unit was only recently launched.
As traditional income sources, including the banking and financial services (BFS) industry, experience worldwide slowdowns, IT service companies are increasingly turning to generative AI to help grow their operations. Generative AI “packs good long-term potential” for the IT services industry, according to a Motilal Oswal Financial Services investor note from June 23.
The comment came after Kalyan Kumar, the global chief technology officer (CTO) of HCLTech, discussed generative AI on June 14. He described what uses businesses may derive from the young technological sector.
In an effort to reassure investors of the promise that the sector carries, Julie Sweet, chief executive of Accenture, stated during a post-earnings analyst call that the business achieved generative AI agreements worth $100 million from clients in the four months prior to June this year.
The company’s technological innovation centers, also referred to as TCS Pace Ports, are located in the US, Canada, the Netherlands, and Japan. They will serve as the basis for research and engineering for both Microsoft and Google’s cloud-based generative AI solutions.
The current batch of 25,000 people will be expressly certified in Azure OpenAI capabilities to meet customer demand in TCS’s new business unit, despite the fact that the company already has 50,000 employees who have received AI training.
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The value is “still reasonable,” says Weiss, despite a 42% increase in share price this year. “Remains in line with historical averages, despite the unrivaled generative AI positioning,” he said of the stock’s so-called PEG ratio
