Wipro inches up on entering into collaboration with NVIDIA to help healthcare companies

Wipro is currently trading at Rs. 402.00, up by 1.55 points or 0.39% from its previous closing of Rs. 400.45 on the BSE.

The scrip opened at Rs. 403.00 and has touched a high and low of Rs. 403.00 and Rs. 401.20 respectively. So far 4855 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 443.60 on 15-Sep-2023 and a 52 week low of Rs. 351.85 on 17-Apr-2023.

Last one week high and low of the scrip stood at Rs. 403.00 and Rs. 389.20 respectively. The current market cap of the company is Rs. 209125.95 crore.

The promoters holding in the company stood at 72.93%, while Institutions and Non-Institutions held 14.50% and 10.14% respectively.

Wipro has entered into collaboration with NVIDIA to help healthcare companies accelerate adoption of generative artificial intelligence (gen AI) through AI-driven strategies, products, and services.

Wipro will leverage NVIDIA AI Enterprise software for the production of AI across its current portfolio of healthcare solutions in Affordable Care Act (ACA), Medicare, and Medicaid to improve member experience, increase enrolment, and help support claims adjudication. As a result, healthcare organizations will be able to achieve faster, and easier consumption of large language models (LLMs) powered by NVIDIA AI Enterprise, leading to increased productivity, deeper member intelligence, and better operational efficiencies and paving the way for the next wave of healthcare solutions.

The collaboration will leverage the NVIDIA AI platform for generative, speech, and translation AI, including NVIDIA AI Foundation Models for building and customizing generative AI models for any application in the NVIDIA AI Enterprise software, such as NVIDIA NeMo and Riva, and the NVIDIA DGX platform.

The integration of these technologies with Wipro’s Enterprise Generative AI (WeGA) framework will enable Wipro to co-develop and deploy custom models for speech and translation AI, as well as other LLMs. Wipro has already developed multiple AI-first enterprise offerings across the healthcare industry leveraging the NVIDIA AI platform. These include an industry-leading billing and enrolment solution in the Medicare and ACA market segment, provider and member services leveraging gen AI capabilities, and specific offerings to improve claims processing and provider data accuracy.

Wipro plans to continue building NVIDIA-powered solutions that will help automate the software development lifecycle and accelerate digital and business transformation. Through an AI Center of Excellence with NVIDIA, Wipro engineers will receive large-scale ongoing training on NVIDIA’s application frameworks in areas like generative AI, the metaverse, conversational AI, and data analytics to accelerate the development of custom solutions.

Wipro is a leading global information technology, consulting and business process services company.