TCS climbs on expanding partnership with Google Cloud
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Tata Consultancy Services is currently trading at Rs. 3292.15, up by 70.40 points or 2.19% from its previous closing of Rs. 3221.75 on the BSE.
The scrip opened at Rs. 3222.85 and has touched a high and low of Rs. 3298.00 and Rs. 3218.15 respectively. So far 29403 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3575.00 on 16-Feb-2023 and a 52 week low of Rs. 2926.00 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 3298.40 and Rs. 3196.00 respectively. The current market cap of the company is Rs. 1198192.96 crore.
The promoters holding in the company stood at 72.30%, while Institutions and Non-Institutions held 22.35% and 5.35% respectively.
Tata Consultancy Services (TCS) has expanded partnership with Google Cloud and launched its new offering, TCS Generative AI which leverages Google Cloud’s generative AI services, to design and deploy custom-tailored business solutions that help clients harness the power of this exciting new technology to accelerate their growth and transformation.
Building on its deep domain knowledge across multiple industry verticals and investments in research and innovation, TCS has developed a large portfolio of AI-powered solutions and intellectual property in the areas of AIOps, Algo Retail, smart manufacturing, digital twins and robotics. The company is currently working with clients in multiple industries, to explore how generative AI can be used to deliver value in their specific business contexts.
This new offering is powered by Google Cloud’s Generative AI tools – Vertex AI, Generative AI Application Builder and Model Garden, and TCS’ own solutions. TCS will use its client-specific contextual knowledge, proven design thinking and agile development processes to ideate solutions jointly with clients, rapidly prototype the most promising ideas and build full-fledged transformation solutions with enhanced time to value. These collaborative exercises will utilize TCS Pace Ports, the company’s co-innovation hubs located in New York, Pittsburg, Toronto, Amsterdam and Tokyo, where clients can also engage with academic researchers and start-up partners from TCS’ extended innovation ecosystem.
TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years.
