Tech Mahindra rises on launching VerifAI

Tech Mahindra is currently trading at Rs. 1532.25, up by 2.15 points or 0.14% from its previous closing of Rs. 1530.10 on the BSE.

The scrip opened at Rs. 1539.95 and has touched a high and low of Rs. 1542.00 and Rs. 1445.50 respectively. So far 263842 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1547.10 on 25-Jul-2024 and a 52 week low of Rs. 1082.55 on 27-Jul-2023.

Last one week high and low of the scrip stood at Rs. 1547.10 and Rs. 1445.50 respectively. The current market cap of the company is Rs. 150063.39 crore.

The promoters holding in the company stood at 35.05%, while Institutions and Non-Institutions held 54.11% and 10.85% respectively.

Tech Mahindra has launched TechM VerifAI, a comprehensive solution for validating and verifying the outcomes of Artificial Intelligence (AI) and GenAI projects. Through this solution, Tech Mahindra will help enterprises validate the end-to-end lifecycle of AI-based projects, thereby, enabling them to scale their AI initiatives speedily.

TechM VerifAI’s pre-built, 360-degree validation framework across the GenAI lifecycle, customizable metrics, microservices-based architecture, and seamless integration into existing technology stacks will ensure faster and reliable AI value realization for enterprises. The solution will validate data quality in the discovery and pre-development stages and test AI models, frameworks, and hyper-parameters in the development stage to ensure security and accuracy. It will also verify and tune the deployed models to ensure outputs are consistent, explainable, and meet user expectations post deployment.

Tech Mahindra will leverage its experience of leading validation and verification projects for GenAI product innovators and early adopters to scale their AI initiatives at speed. The company understands the comprehensive requirements of implementing a full-stack AI solution, encompassing key elements from infrastructure and datasets to rules, Application Programming Interfaces (APIs), GenAI models, and visualization layers. After the successful integration of TechM amplifAI offerings with over 100 assets and Intellectual Properties (IPs) that democratized and scaled AI deployment responsibly, this new solution aims to further enhance AI assurance and ensure the timely verification and validation of AI projects for enterprises globally.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.