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  1. HCLTech ties up with Amazon Web Services to accelerate GenAI adoption; what the pact entails

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HCLTech ties up with Amazon Web Services to accelerate GenAI adoption; what the pact entails

Upstox

2 min read | Updated on May 06, 2024, 13:21 IST

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SUMMARY

As part of the tie-up, HCLTech and Amazon Web Services will develop a structural framework that “enables the co-creation of customised GenA-led solutions and offers clients flexible consumption models”, a statement noted. The Amazon arm is expected to benefit from the collaboration by leveraging HCLTech’s full technology stack, core engineering capabilities and AI experience.

Shares of HCLTech were trading at ₹1,358 on the NSE at 1:13 pm, up 0.75%

Shares of HCLTech were trading at ₹1,358 on the NSE at 1:13 pm, up 0.75%

IT major HCLTech on Monday, May 6, announced that it has partnered with Amazon Web Services (AWS) – the cloud-computing arm of e-commerce giant Amazon – to “accelerate GenAI-led enterprise digital transformation”.

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GenAI or generative artificial intelligence is the rapidly emerging technology, which has been pioneered by companies such as the Microsoft-backed OpenAI and Google’s Vertex AI.

HCLTech and AWS will help enterprises explore and develop GenAI-led use cases, proofs of concept, tools and solutions,” a media release noted.

What the HCLTech-AWS pact on GenAI entails

As part of the tie-up, HCLTech and AWS will develop a structural framework that “enables the co-creation of customised GenA-led solutions and offers clients flexible consumption models”, the statement said.

The companies will work together to implement AWS GenAI services such as “Amazon Bedrock, Amazon CodeWhisperer, Amazon SageMaker and Amazon Titan” for enterprises across multiple industries, adding momentum to their digital transformation journeys, it added.

AWS is expected to benefit from this pact by leveraging HCLTech’s full technology stack, core engineering capabilities and AI experience. The India-headquartered IT services provider offers a unique set of end-to-end AI capabilities, from chip development to business process optimisation.

"This strategic collaboration agreement seeks to help enterprises unlock the value of GenAI by empowering them to reshape business models, elevate customer experiences and foster growth. A premier partner with a diverse range of AWS competencies, we are committed to accelerating the widespread adoption of AI to our global client base," said Prabhakar Appana, Senior Vice President, HCLTech.

Shares of HCLTech were trading at ₹1,358 on the NSE at 1:13 pm, up 0.75% as against the previous day’s close.

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Upstox
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