Wipro gains on expanding partnership with Google Cloud to scale adoption of Google Cloud AI

Wipro is currently trading at Rs. 492.15, up by 3.20 points or 0.65% from its previous closing of Rs. 488.95 on the BSE.

The scrip opened at Rs. 489.00 and has touched a high and low of Rs. 492.30 and Rs. 487.40 respectively. So far 69335 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 580.00 on 19-Jul-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. 500.00 and Rs. 485.25 respectively. The current market cap of the company is Rs. 257147.58 crore.

The promoters holding in the company stood at 72.82%, while Institutions and Non-Institutions held 15.37% and 9.49% respectively.

Wipro has expanded its strategic partnership with Google Cloud to scale its adoption of Google Cloud AI. Using Vertex AI and Gemini models, Wipro in its project execution to clients, is equipping its workforce with generative AI-powered tools to enhance developer productivity, accelerate cloud migrations, and deliver innovative GenAI solutions. This includes building new industry solutions utilizing Gemini models, developing joint go-to-market programs, integrating Gemini Code Assist into its own internal tooling to accelerate application development for customers, and utilizing Gemini for rapid prototyping of its own internal applications.

As part of this partnership and Wipro’s ai360 initiative, Wipro FullStride Cloud Studio is integrating Gemini’s advanced reasoning and analysis capabilities into its core business platforms and innovation hubs. These hubs are designed to drive business transformation and outcomes by developing best practices, tools, and frameworks that combine Wipro’s ai360 ecosystem with Google Cloud’s GenAI offerings, enabling safe and responsible AI solutions to address critical business challenges while meeting evolving data privacy and regulatory requirements.

To rapidly scale its GenAI projects, Wipro is training its associates on Google Cloud’s AI technologies including Gemini to better help global enterprise customers scope, deploy, and manage AI projects that solve their unique business objectives. This will significantly enhance vital digital transformation projects such as application migrations and modernization, with GenAI-powered productivity improvements of up to 30%, according to Wipro’s estimates.

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