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Mid-size IT services cos lead AI charge with investments
Mint Mumbai
|December 12, 2024
Both LTIMindtree and Mphasis are advancing in agentic artificial intelligence and conversational AI automation
As artificial intelligence (AI) gains currency as a tool to help businesses improve their operations, India's mid-sized software service providers are jumping at the opportunities the new technology promises.
Mid-sized Indian information technology (IT) companies, including LTIMindtree Ltd, Mphasis Ltd, and Persistent Systems Ltd, are investing in new-age technologies such as AI agents in order to make themselves future-ready by building AI capabilities to gain market share in the space.
These investment efforts by mid-cap software companies are in sharp contrast to their larger peers including Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd, and Wipro Ltd, which have so far looked at building AI technology in-house, staying away from investments in companies providing AI tools.
Esta historia es de la edición December 12, 2024 de Mint Mumbai.
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