Persistent Systems announces launch of GenAI Hub, stock up 3%

The company stated that the GenAI hub will be able to seamlessly integrate within an organisation’s existing applications, infrastructure, and data. This will allow companies to develop industry-specific GenAI solutions with ease. The platform supports the adoption of GenAI over various Large Language Models (LLMs) and clouds without a provider lock-in.

Persistent Systems stated that the platform simplifies the development and management of multiple GenAI models, expediting market readiness through pre-built software components, all while upholding responsible AI principles.

The firm explained that the GenAI Hub streamlines the development of use cases for enterprises, offering step-by-step guidance and seamless integration of data in LLMs, enabling the rapid creation of efficient and secure GenAI solutions at scale, whether for end users, customers, or employees.

Praveen Bhadada, global business head of AI at Persistent Systems said with the GenAI Hub, clients can embrace a "GenAI-First" strategy, delivering AI-powered applications and services at scale. “They can accelerate innovation while practicing responsible AI, leveraging pre-built accelerators and evaluation frameworks, and optimizing costs with a cross-LLM strategy. The GenAI Hub enables enterprises to streamline operations, enhance customer experiences, and identify new avenues for growth,” he said.

Persistent Systems is a global services and solutions company delivering digital engineering and enterprise modernisation. Shares of the company have risen by nearly 1% since the beginning of the year. The stock has gained over 48% in the last one year.