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India's Wipro commits $1 bln investment into AI

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Indian IT services provider Wipro Ltd said on Wednesday it planned to invest $1 billion into artificial intelligence (AI) over the next three years.

Companies across the world, from banks to big tech, have doubled down on investments in AI after ChatGPT, a generative AI chatbot by Microsoft-backed OpenAI took the world by storm in late 2022.

The company also launched Wipro ai360, its AI-first innovation ecosystem and said that it would train all of its about 250,000 employees on AI over the course of the next 12 months. "Especially with the emergence of generative AI, we expect a fundamental shift up ahead, for all industries," Wipro CEO Thierry Delaporte said.

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