HCL Technologies' Stock Soars as Partnership with Google Cloud Expands

15 Jun 2023 , 11:06 AM

HCL Technologies and Google Cloud have expanded their strategic partnership to develop generative artificial intelligence (AI) solutions.

HCLTech will use Google Cloud’s large language models (LLMs) to build generative AI capabilities across industries, enterprise functions, and technology modernization.

HCL Technologies stock was trading at Rs 1145.05, representing a 0.82% increase compared to the previous day’s close, indicating a positive market response to the expanded partnership.

Strategic partnership: The company’s AI platforms and solutions will leverage Google Cloud’s suite of generative AI products and services, including Vertex AI, Generative AI Studio, Model Garden, and Generative AI App Builder.

HCLTech will establish a Google Cloud Generative AI Center of Excellence (GenAI CoE) to collaborate on joint solutions and unlock the value of data through generative AI. The GenAI CoE will draw on the AI expertise of HCLTech Cloud Native Labs in London, Dallas, and Noida.

HCLTech plans to train more than 18,000 individuals on Google Cloud generative AI technologies to accelerate digital transformations and develop innovative solutions.

The partnership aims to enhance efficiency and employee experiences and maximize business data value for large-scale organizations worldwide. HCL Technologies offers end-to-end AI capabilities, from chip development to business process optimization, and strategic partnerships like Google play a crucial role in promoting generative AI adoption.

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