BENGALURU -Wipro Ltd, an Indian IT services provider, announced its intention to invest $1 billion in artificial intelligence (AI) initiatives over the next three years.

The investments will focus on expanding AI, big data, and analytics solutions, as well as advancing research and development and platform development.

This announcement follows a similar move by competitor Tata Consultancy Services, which plans to train 25,000 engineers to become certified in Microsoft's Azure Open AI.

Following the success of ChatGPT, an AI chatbot developed by Microsoft-backed OpenAI, companies worldwide, including banks and big tech firms, have significantly increased their investments in artificial intelligence (AI).

Wipro Ltd, in particular, has launched Wipro ai360, an innovation ecosystem focused on AI, and plans to provide AI training to all of its approximately 250,000 employees within the next year.

Wipro CEO Thierry Delaporte anticipates a significant industry transformation, particularly with the emergence of generative AI.