In the race for AI-related project bookings, Accenture has surged ahead, reporting $1.1 billion in revenue from generative AI. TCS, on the other hand, boasts a $900-million deal pipeline, while Infosys and Wipro have seen strong traction in generative AI deals but did not disclosed specific numbers.
However, Accenture's $450-million Gen AI pipeline alone surpasses the combined efforts of the top 10 Indian IT companies. The demand for AI projects remains robust, even as the sector grapples with macroeconomic challenges and client spending constraints.Infosys' Gen AI practice has generated 3 million lines of code through large language models (LLMs), positioning it as an industry leader. Infosys CEO, Salil Parekh, announced last month that the company has successfully deployed generative artificial intelligence (AI) to handle and manage 50 client projects
Accenture's success in the generative AI race can be attributed to several key factors. Accenture invests in its own AI workforce, with over 53,000 skilled data and AI practitioners. The company is in the middle of deploying $3 billion into building its AI capabilities. It also plans to upskill about 250,000 of its workforce in AI.
TCS has so far trained around 350,000 of its employees in AI skills. In a letter to employees, TCS CEO, K Krithivasan, highlighted that TCS has one of the largest AI-ready workforces.
Infosys chairman, Nandan Nilekani told shareholders during its 43rd annual general meeting (AGM), Infosys is currently working on over 225 generative artificial intelligence (GenAI) programs for its clients.
“We have over 250,000 employees trained in the areas of generative AI. Infosys is one of the largest adopters of GitHub Copilot globally. Our employees have already generated over 3 million lines of code using GenAI large language models (LLMs),” Nilekani said.
Wipro on other hand collaborates with Microsoft to launch a suite of cognitive assistants for financial services powered by generative AI.
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