Infosys announces tie-up with Stanford University to advance AI research

India’s second-largest IT services company Infosys has joined the Stanford University Institute for Human-Centered Artificial Intelligence (Stanford HAI) Corporate Affiliate Program to accelerate AI research initiatives, the company said on Wednesday.

Stanford HAI, now entering its fifth year, has made significant strides toward AI innovation. It has funnelled more than $40 million into human-centred AI research, supporting over 300 Stanford scholars across disciplines and collaborates with several global organisations to drive innovation.

The recent tie-up with Infosys will focus on responsible AI, enhancing business process efficiency through AI and Machine Learning, and optimising AI models for cost and scale efficiency.

“By incorporating the latest AI research and proven practices into Infosys Topaz, we aim to drive innovation and deliver transformative AI solutions for our clients and industry,” Mohammed Rafee Tarafdar, CTO, of Infosys, said in a statement.

The partnership with Stanford HAI not only enhances Infosys' AI research capabilities, but a greater focus on responsible AI development may improve Infosys' competitive position among peers and offer potential for new AI solutions to drive innovation and client value.

In an interview with PTI on Tuesday, CEO Salil Parekh said that there is a huge reception from clients on AI and Generative AI and believes GenAI adoption will increase with time as enterprises experience the benefits and business outcomes arising from it.

Infosys, earlier this year, had said it is working on 225 Generative AI programs for clients, and that over 2,50,000 employees have been trained in the areas of generative AI.

Read more: Infosys Q1 results: IT firm ups revenue growth forecast, deepens focus on GenAI

Not just Infosys, its rival and India’s biggest IT firm TCS said that it has doubled down on its commitment to AI technologies, significantly enhancing its deal pipeline in these areas to $900 million. Krithivasan emphasised the strategic importance of these initiatives, said, “Our investment in AI and GenAI is not just about staying current. It’s about setting the pace, leveraging these technologies to transform client businesses and our operational models”.

IT major Wipro too sees strong traction in the generative artificial intelligence space, without disclosing its revenue numbers. “Artificial intelligence is transforming our clients' needs as they seek to harness its power for competitive advantage and enhanced business value,” Srinivas Pallia, Wipro's CEO and managing director said.