Following the merger with Microsoft, Cognizant Technology Solutions Corporation (NASDAQ:CTSH), a multinational technology giant, announced opening a cutting-edge AI tech center in San Francisco as its most recent monumental accomplishment.
Cognizant intends to transform San Francisco into a worldwide epicenter for AI research and development with the housekeeping of a panel of distinguished professionals, including Ph.D. candidates and industry veterans, as word spreads regarding the opening of this state-of-the-art facility.
In contrast, Cognizant’s Lab demonstrates its strategic shift towards being at the forefront of artificial intelligence (AI) through its extensive portfolio of 75 granted and pending patents.
Consistent with this, the objective of this Lab is to bring about a significant transformation in the business sector’s AI application landscape. This goal is reinforced by Cognizant’s audacious pledge to invest $1 billion in generative AI over the following three years.
As per a report, this ambitious undertaking is consistent with the findings of a collaborative study conducted by Cognizant and Oxford Economics, which projects that generative AI will contribute an astounding $1 trillion to the economy of the United States by 2032.
After this, Ravi Kumar S., the firm’s chief executive officer, emphasized the company’s steadfast commitment to positioning itself as an AI-first enterprise, highlighting the establishment of the Lab as a crucial step toward AI innovation.
In the context of diverse sectors, the Lab’s principal aim is to curate AI systems that have the potential to enhance decision-making procedures and propel exceptional business results.
Simultaneously, the Lab’s primary objective continues to be utilizing LLMs (Large language models) to develop AI decision-making systems that surpass traditional prompt engineering.
Cognizant and Microsoft’s Azure Merger
Significantly, the establishment of an advanced AI laboratory by Cognizant will occur after the two tech titans, Microsoft and Cognizant, merged previously. Earlier this year, the two organizations launched the Innovation Assistant, a generative AI tool built on top of Microsoft’s Azure OpenAI Service.
Integrating Cognizant’s internal innovation program, Bluebolt, was the objective of the generative AI tool merger between Microsoft and Cognizant. After this merger, the tech behemoth has established an advanced AI lab in San Francisco further to transform its foray into the field of AI.
