Indian multinational corporation Wipro takes a giant leap towards the future, setting aside $1 billion for AI, with plans to train every single employee.
MUMBAI, India – In an unprecedented move, India’s leading software services firm, Wipro, has announced a colossal investment of $1 billion in artificial intelligence (AI), with a strategic focus on training and upskilling its entire workforce.
This bold initiative underscores Wipro’s commitment to innovation and maintaining its competitive edge in a rapidly-evolving global tech landscape. The planned investment will help position the Bangalore-based tech behemoth as a pioneer in the AI industry, not just in India, but globally.
“We believe in a future where AI and humans coexist, co-create, and co-lead,” said Thierry Delaporte, CEO of Wipro, during the company’s announcement on Friday. “Our $1 billion investment is a testament to this vision. It’s about enabling our workforce with the capabilities required to thrive in the digital age.”
Wipro’s investment in AI comes as industries worldwide continue to acknowledge the transformative potential of this technology. From autonomous vehicles and robotics to healthcare diagnostics and personalized marketing, AI’s versatility promises to redefine a multitude of sectors.
The second leg of Wipro’s ambitious plan involves upskilling its employees across all levels to adapt to AI-powered operations. The company has revealed plans to roll out comprehensive training programs, in collaboration with leading global universities, that will equip its over 200,000 staff members with the latest AI skills.
Delaporte commented on the workforce development plan, “We envision a company where every employee, regardless of their role, can harness the power of AI to drive innovation and growth. With this upskilling initiative, we’re investing in our most valuable asset – our people.”
Analysts predict that Wipro’s AI investment could be a game-changer in the tech industry. It sends a powerful message about the significance of investing in employees and demonstrates a clear recognition of AI as a major driving force in the economy’s future.
Indian Prime Minister, Narendra Modi, also praised Wipro’s decision. “This investment marks a significant step forward for India’s tech industry,” Modi said. “It sets a strong precedent for other tech firms to follow, creating more jobs and strengthening our economy.”
In a fast-changing digital landscape, Wipro’s landmark decision signals a watershed moment in the tech industry’s evolution. Only time will reveal the full impact of this massive investment, but it’s clear that Wipro’s move has set a precedent that could inspire many other tech firms to follow suit.