Last year, Azim Premji was hardly optimistic when he was asked if India could lead the artificial intelligence (AI) revolution, even though he saw AI’s disruptive potential. During a media interaction, he said that while there would be huge disruptions driven by AI, it was too early to say if India would lead the race. “It’s too early. At this moment there are no leadership positions,” he said.
Within a year, Premji became one of the largest investors in AI in India and the world. Premji Invest, Azim Premji’s family-owned investment firm, that manages over $10bn for the tech mogul, has investments in at least 20 AI firms. A $50 mn investment announcement in Paris-based AI start-up Poolside.ai recently made headlines.
Azim Premji was born in 1945, two years before Independence, in Bombay (now Mumbai). A Stanford alumnus, Premji was one of the leaders of India’s information technology boom in the 1990s. He led Wipro for 53 years before giving up chairmanship in 2019. Now 79 years old, will Premji pave India’s path to AI glory too?
A Billion-Dollar Bet
Wipro has decided to invest $1bn in advancing AI capabilities over the next three years. It has also launched Wipro ai360, a comprehensive AI - first innovation ecosystem that is supposed to build on Wipro’s investment. Wipro Infrastructure Engineering, the company’s industrial engineering arm, is said to be betting on AI and is planning to accelerate its automation business.
Esta historia es de la edición December 2024 de Outlook Business.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 2024 de Outlook Business.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
HOW INDUSTRY LEADERS ARE SHAPING THE PATH TO 'VIKSIT BHARAT 2047'?
As India strives to achieve its ambitious goals under the Viksit Bharat 2047 initiatives, the vision and guidance of industry leaders are essential in navigating the path to economic growth, social progress, and sustainable development. Bringing you industry leaders who are playing a transformative role in shaping the path to Viksit Bharat by 2047.
ACHIEVING VIKSIT BHARAT 2047: ASM GROUP'S ROLE IN EDUCATIONAL TRANSFORMATION
India's vision of Viksit Bharat by 2047 aims to position the nation as a global powerhouse of knowledge, innovation, and economic prosperity.
UNITEDWORLD GROUP OF INSTITUTIONS: SHAPING YOUTH FOR FUTURE SUCCESS
Dr. Himanshu Sharma, the Founder-Director of Unitedworld Group of Institutions, stands as one of the most influential leaders in India's educational landscape. Under his leadership, Unitedworld Institute of Design (UID) has risen to the forefront of academic excellence, defining the future of education by integrating research, innovation, and experiential learning. His vision is simple yet profound: to shape India's youth in a way that enables them to thrive in a rapidly changing global world.
FROM MILITARY TO AN EDUCATOR: THE INSPIRING JOURNEY OF DR. CDR KARTIKAY SAINI
Dr. Cdr Kartikay Saini isn't just a leader; he's a catalyst for change, a visionary who transforms dreams into reality. With over three decades of diverse experience in the military, corporate world, and education, Dr. Saini has left an indelible mark on numerous fields.
How to Remove the Gender Gap
With an impressive tally of 1.59 lakh start-ups, India currently has the world's third-largest start-up ecosystem.
ATHARVA GROUP OF INSTITUTES: EMPOWERING INDIA'S FUTURE THROUGH TRANSFORMATIVE EDUCATION
In the vibrant landscape of Mumbai's educational ecosystem, Atharva Group founded in 1998 by Mr. Sunil Rane, a visionary educationist, stands as a 'perfect epitome' of transformative learning.
Electric Take-off
Automakers are sharpening their competitive edge to take each other on in a contest that will shape the electric car market in the country
AI as an Ally to Women at Work
When I embarked on my Microsoft journey 24 years ago, technology was already a game changer, bringing more women into the workforce and leadership roles, especially in India.
A Return to Stability
Union expenditure secretary Manoj Govil speaks to Parth Singh about the modest capex increase in this year's Budget and the role private players now must play. Edited excerpts:
Shop Floor Gets a Makeover
Growing automation and ESG guidelines are two reasons why more women are offered jobs in manufacturing that were earlier strictly male
