This company is spending $1 billion dollars to train its employees in AI

Indian outsourcing provider Wipro Ltd is planning on spending $1 billion to train its workforce, comprising around 25,000 employees, in artificial intelligence, Bloomberg reported.

The spending over the next three years will bring together 30,000 experts in data analytics and AI with Wipro’s technology and advisory ecosystem from four global business lines.

Capabilities across cloud and partnerships, data, analytics, AI, design, consulting, cybersecurity, and will be leveraged to develop new solutions and embed AI into all processes and practices, the company said in a statement.

After ChatGPT shook industries as it helped democratise the capabilities of generative AI, companies across the world — including India — are using technology to remain relevant.

“With the emergence of generative AI, we expect a fundamental shift up ahead, for all industries,” Wipro Chief Executive Officer Thierry Delaporte said in the statement.

Wipro said it would also accelerate investments in cutting-edge startups, including the GenAI Seed Accelerator programme, which will provide select GenAI-focused startups with the training needed to become enterprise-ready.