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  1. TCS launches GenAI aggregation platform WisdomNext, stock up 2%

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TCS launches GenAI aggregation platform WisdomNext, stock up 2%

Upstox

2 min read | Updated on June 07, 2024, 16:09 IST

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SUMMARY

TCS’ platform aggregates multiple GenAI services into a single interface and enables organisations to rapidly adopt next-gen technologies at scale, lower costs and within a regulatory framework. Customers will be able to develop and launch business solutions through real-time experimentation across vendor, internal, and open-source large language models (LLMs).

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TCS launches GenAI aggregation platform WisdomNext, stock up 2%

Tata Consultancy Services (TCS) on Friday announced the launch of a generative AI (GenAI) aggregation platform called TCS AI WisdomNext. Shares of TCS were trading over 2% higher at 2:50 pm.
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The platform aggregates multiple GenAI services into a single interface and enables organisations to rapidly adopt next-gen technologies at scale, lower costs and within a regulatory framework. Customers will be able to develop and launch business solutions through real-time experimentation across vendor, internal, and open-source large language models (LLMs).

TCS pointed out that AI and GenAI have far-reaching applications across the value chain for businesses. “However, solution designers around the world find it difficult to select, experiment and decide on the right foundational models to use. Foundational models are constantly evolving, and each model offers different capabilities in terms of mode of usage, cost, and effectiveness,” the firm explained.

WisdomNext will help businesses choose the right models and simplify the design of new business solutions, it said adding that it also enables businesses to reuse pre-existing components to accelerate the design.

TCS said it had already used the tool to build prototypes for many of its largest customers. For instance, the platform has been used to help an outdoor advertising company in the US, an American insurance company, and a bank in the United Kingdom.

Siva Ganesan, head of AI.Cloud unit at TCS said TCS AI WisdomNext will help the firm’s customers take advantage of GenAI to unlock the full potential of their data, drive greater business innovation and efficiency, and gain a competitive edge.

“Customers appreciate the newly launched platform’s ability to help navigate a diverse and quickly evolving AI marketplace and rapidly compose 'art-of-the-possible' solutions,” he said.

Shares of the company have risen by nearly 2% since the beginning of the year. The stock has gained nearly 19% in the last one year.

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