Wipro to invest a billion dollars in AI over next three years: Rishad Premji

Wipro is keen on enhancing and augmenting productivity and opportunities through generative artificial intelligence.

India Today reported that Rishad Premji, Executive Chairperson of Wipro, revealed the company's plans to invest a billion dollars in artificial intelligence over the next three years.

According to Premji, their approach is not focused on acquiring companies, but rather on infusing artificial intelligence pervasively into the organisation's structure and processes.

Wipro is keen on enhancing and augmenting productivity and opportunities through generative artificial intelligence.

Rishad Premji shed light on initiatives taken by Wipro to inculcate an artificial intelligence-driven mindset into their workforce and its result on the efficiency of their operations.

However, he also addressed concerns of potential job losses due to artificial intelligence implementation, attributing recent layoffs in the tech sector to a tough economic climate rather than generative artificial intelligence.