Mphasis will establish a generative AI business unit. CTO Anup Nair appointed Head of Division

The new division, known as Mphasis.ai, will provide guidance on integrating generative AI solutions, develop proprietary generative AI technology, license over 250 AI models through its “hyperscaler” solution platform, and provide 50 We plan to work with and support the company’s startups. solution development client. Mphasis.ai also offers conversational AI tools such as chatbots for adoption in client businesses.

Anup Nair, Chief Technology Officer (CTO) of Mphasis Digital, will lead as Chief Architect and CTO of Mphasis.ai.

The launch of this particular business unit follows the trend of leading Indian IT services companies. Tech Mahindra is the first of these giants to launch a similar generative AI solution, Generative AI Studio, which he designed to help clients with their content generation applications, on April 6th.

Over the past week, the rest of the companies have followed suit. Tata Consultancy Services (TCS), India’s largest IT services company by market capitalization, has partnered with Google Cloud to launch TCS Generative AI for its clients on May 22nd. The next day, his second-largest IT company, Infosys, launched its own service, Topaz, claiming to offer his 150+ AI models according to client requirements. On the same day, Wipro announced the launch of its own generative AI solution, also in partnership with Google Cloud.

Many IT industry leaders were eyeing the potential of generative AI as the next major solution for the industry to watch during its annual earnings week in April. TCS Chief Operating Officer N. Ganapathy Subramaniam said at the company’s annual report press conference on April 12 that the company has already integrated the technology into its suite of services ahead of its formal launch. said to have started.

“Everybody is talking about what they can do with this tool, and for the first time it’s become clear that innovation goes beyond productivity. Machine learning is an important area for most companies, and almost everyone is wondering how to integrate ChatGPT into our services,” he said during the conference. Stated. .

Infosys CEO Salil Parekh also said at the time that the company was already doing active generative AI projects with clients, saying, “Clients are using generative AI to address specific areas within their business. We are training an open-source generative AI platform in our internal software development library, and believe this technology will open up more opportunities for us to work with our clients, as well as improve our internal productivity metrics. I look forward to it.”

But industry observers and analysts said at the time that most projects and customer interest likely began as proof-of-concepts for generative AI before leading to a substantial contribution to revenue.

The company’s shares are currently trading about 2% higher. ₹1,983.90 on the National Stock Exchange.

Updated on June 1, 2023 at 2:14 PM IST