Wipro

2023: Allocating $1 billion for AI training for all of its 250,000 employees

On July 12, 2023, it became known that the Indian outsourcing service provider Wipro intends to spend $1 billion on training its employees in artificial intelligence technologies.

According to Bloomberg, a total of approximately 250,000 Wipro workers will be trained in AI and neural network skills. This is expected to help integrate relevant technologies into the company's products.

Indian IT outsourcer Wipro has allocated $1 billion for training artificial intelligence of all its 250 thousand employees

It is noted that Wipro's costs until 2026 include the implementation of a program to unite approximately 30 thousand employees from cloud, analytical, consulting and engineering groups. This initiative will make it possible to implement AI technologies in all internal operations, as well as in solutions offered to customers.

With the advent of generative AI, we expect a fundamental shift in all industries, "said Wipro CEO Thierry Delaporte.

Wipro also plans to ramp up investment in various start-ups, including supporting young firms that specialize in generative artificial intelligence. Wipro's focus areas include cloud computing, computer security, digital transformation, robotics, big data analysis, and more. Services are provided in 167 countries around the world. Therefore, the active introduction of AI technologies is of great importance for expanding and strengthening Wipro's business. The company also announced the launch of the ai360 initiative: this is the first AI ecosystem to be based on the company's ten-year investment in the relevant area. Project ai360 is aimed at the widespread introduction of AI tools. The company's initiatives are expected to more fully unlock the potential of artificial intelligence and improve the quality of customer service.^[1]

2020: Entering the ranking of the most efficient companies developing digital products according to Forrester

Forrester on July 29, 2020 presented a "rating of the most efficient digital product companies." As part of the comprehensive assessment, all participants were evaluated according to 29 criteria, 12 providers were included in the top rating: BCG, Bresslergroup, Cognizant, EPAM, frog, Harman, Huge, Slalom, ThoughtWorks, Virtusa, WillowTree and Wipro. Read more here.

2017: Increased staffing in the United States

At the end of June 2017, it became known that Indian IT companies in the United States are actively recruiting Americans amid the intentions of President Donald Trump to reconsider the situation with work visas.

On June 28, 2017, Wipro, India's third-largest software export company, said that more than half of the headcount in the United States is made up of local residents. Wipro had hired more than 1,600 people in the country in the previous six months.

More than half of the state of Wipro in the United States is made up of local residents

Earlier, Donald Trump asked federal agencies to revise the visa program, which, in particular, is used by Indian IT companies to send employees to the United States in order to work with customers on the ground. A tougher visa regime could force overseas organizations to step up hiring of Americans, leading to higher costs and lower business margins in the country.

In addition, the US presidential administration has tightened verification rules for issuing American visas, approving a new questionnaire for applicants. It includes a number of new items, including a request to specify the names under which they registered pages on social networks.

In May 2017, another major Indian IT outsourcer Infosys announced plans to increase the staff in the United States by 10 thousand people within two years, as well as open four technology centers in the country.

As noted by Reuters in a publication dated June 28, 2017, in recent quarters, Indian clients have reduced costs beyond vital, slowing down the growth of the Indian IT industry, the volume of which is measured at $150 billion.

A leading lobbying group representing the interests of Indian technology companies predicts that their IT export revenue will grow by only 7-8% in the fiscal year, which will end at the end of March 2018, due to problems in the American market.^[2]

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