HCL Tech collaborates with Google Cloud to scale AI model Gemini, stock up 2%

HCL Technologies Ltd shares gained 2% in trade on Wednesday, April 3, after the global technology company announced an expanded alliance with Google Cloud to scale artificial intelligence (AI) model Gemini.

HCL Tech launched a strategic initiative with Google Cloud to create industry solutions and drive business value with Google’s multimodal large language AI model.

Through this alliance, HCL Tech will enable 25,000 engineers on Gemini for Google Cloud to help mutual clients innovate and optimise their businesses with generative AI (GenAI), the company said in filing to the stock exchanges.

“Gemini for Google Cloud can enhance many areas of enterprise work, such as helping developers build applications more quickly and improving how financial analysts report on their businesses,” said Thomas Kurian, CEO, Google Cloud.

Commenting on the collaboration, HCL Tech’s CEO and Managing Director C Vijayakumar said, “HCL Tech and Google Cloud have a long-standing strategic partnership. This collaboration will bring to market HCL Tech’s innovative GenAI solutions using Google’s most capable and scalable Gemini models.”

Recently, HCL Technologies launched HCLTech AI Force, a pre-built GenAI platform. The AI-powered platform optimises engineering lifecycle processes from planning to development, testing and maintenance.

The company aims to enhance the HCLTech AI Force platform with Gemini’s advanced code completion and summarisation capabilities.

After the announcement, shares of HCL Tech rose as much as 2% on Wednesday to hit an intraday high of ₹1,558.45 apiece on the NSE. At 15:15 pm, the stock was trading 0.5% higher at ₹1,536 apiece.

The HCL Tech stock has gained nearly 41% in the past one year compared with a 25.4% rise in the benchmark Sensex during the same period.