Wipro rises on launching Lab45 Artificial Intelligence platform

Wipro is currently trading at Rs. 481.20, up by 5.25 points or 1.10% from its previous closing of Rs. 475.95 on the BSE.

The scrip opened at Rs. 478.70 and has touched a high and low of Rs. 484.45 and Rs. 478.00 respectively. So far 131279 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 546.10 on 19-Feb-2024 and a 52 week low of Rs. 375.00 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 493.75 and Rs. 452.75 respectively. The current market cap of the company is Rs. 251560.31 crore.

The promoters holding in the company stood at 72.89%, while Institutions and Non-Institutions held 15.24% and 9.48% respectively.

Wipro has launched Lab45 Artificial Intelligence (AI) Platform, which leverages Generative AI (GenAI) machine learning (ML), and deep learning technologies to enable companies to realize enhanced efficiencies, transform business functions, and enable industry-specific solutions. Lab45 is Wipro’s Innovation Lab and the Lab45 AI platform is available?to all Wipro employees and clients.??

The Lab45 AI Platform runs on a SaaS (Software-as-a-Service) model and supports various state of-the-art Large Language Models (LLM’s) from leading providers as well as custom deep learning and other models.? The platform allows for seamless integration of language and visual processing for generating images from text prompts, as well as the ability to index, parse, and summarize content.?

With over 1,000 GenAI agents and more than 10 GenAI applications, the platform offers no code and low code pre-built applications for HR, sales, marketing, and operations functions, while also allowing for the easy creation of industry specific GenAI agents and applications.?

With API-based access for custom applications, the platform makes it easier for clients to deploy GenAI to their environments.?In fact, Topcoder, a Wipro platform connecting customers to its 2- million-member global talent network, has been using Lab45 AI Platform’s APIs (application programming interfaces) since October 2023, resulting in a seven-fold increase in GenAI usage. Further, over the past six months, select Wipro teams and external users have been using the platform and realizing significant time savings and productivity gains.

Wipro is a leading global information technology, consulting and business process services company.