Mohd Haque, senior vice-president and head of healthcare and medical devices for the Americas, and Ashish Saxena, SVP, and head of the manufacturing and hi-tech business unit, are the latest to exit the company.

Companies are increasingly investing in advanced generative AI platforms due to their success rate and potential in transforming businesses. The COVID-19 pandemic further accelerated the need to build technology capabilities across several sectors, which opened up new opportunities for the IT industry. Generative AI holds significant potential to transform businesses across several sectors, and US IT major Accenture identified over 300 potential use cases across 19 industries. Though generative AI can drive demand tailwinds, cost competitiveness will remain key for the IT sector. Reports suggest that the global AI market, currently worth $130 billion, has the potential to grow by 40% over the next 7-8 years.

Top four IT majors, Tata Consultancy Services (TCS), Infosys, HCLTech and Wipro, added 80 large clients which are classified as deals in the $10 million to $100 million range in the fiscal ending 2023 versus 132 clients in FY22, according to ETs analysis.

Technology is available, but the enormous size of Indias banking ecosystem raises challenges

In FY23, Premji received $951,353 (Rs 7.9 crore) in salary, compared with nearly $1.82 million the year before, the company said in its annual report to the US Securities and Exchange Commission.

The NSE Nifty index closed 35.75 points up at 18321.15

Rishad Premji, who is entitled to a commission of 0.35 percent on incremental consolidated net profits, didn’t receive any commission as it was negative.

The marathon's tenth iteration will take marathoners through important landmarks of the city, concluding at the Kanteerava Stadium.

As part of the partnership expansion, Wipro will also train 20,000 associates on Google Clouds generative AI technologies.