We are discussing Wipro Announced its Plans to Invest in Gen AI and AI Startups:
Wipro announced its plans to invest in AI and Generative AI startups to boost India’s AI ecosystem. The company’s Chief Technology Officer, Subha Tatavarti, mentioned in an interview with MoneyControl that the company has doubled its effort to find the right startups to invest in, as the most innovative solutions come not just from large businesses but also from these small startups.
The company is taking various initiatives for early-stage startups, such as hosting boot camps designed to educate these startups. The company aims to help these startups grow, scale up their operations, and advance their technologies. Wipro plans to leverage the startup technology and integrate it into its solution. The company launched a program for AI boost, Wipro ai360, last year. This initiative marks $1 billion to advance in AI capabilities for the next 3 years.
This initiative by Wipro is to invest while following the approach from a foundational element of clop design to the application of Large Language Models. This whole program will scale together with these startups and benefit both parties. The company is trying to collaborate with various tech companies, including NVIDIA and other startups, to find a way to design LLMs that can be run on CPUs instead of Graphics Processing Unit infrastructure. Wipro is trying to make AI technology available cheaply while offering high-performance computing power.
Wipro will also invest in its R&D teams to find a solution and run these LLMs in more affordable systems instead of traditional GPU setups. The company aims to collaborate with startups to create a cloud as a service, using GPU Skews and GPU infrastructure only. The announcement of Wipro investing in AI and Gen AI startups came just when AI demand grew rapidly in the market. Amazon recently announced its program to invest in the AI sector while expanding its cloud credits to enable the use of AI models.
Conclusion
IT company Wipro announced that it plans to invest in AI and Gen AI startups. The initiative was taken to boost the AI ecosystem in India while scaling up its operations. The company has doubled down on searching for the right startups to invest in. Wipro is taking various initiatives, such as holding boot camps for these startups and offering them mentorship. The company aims to leverage and integrate its technology into Wipro’s solution to enhance its AI platform and make LLM work on GPU.
Wipro’s plan is to invest in these AI startups while following the approach from a foundational element of clop design to the application of large language models. The company is trying to collaborate with various tech companies, including NVIDIA and other startups, to find a way to design LLMs that can be run on CPUs instead of Graphics Processing Unit infrastructure. The firm is trying to make AI technology available cheaply while offering high-performance computing power.
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