LTIMindtree rises on launching Canvas.ai
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LTIMindtree is currently trading at Rs. 5510.00, up by 103.55 points or 1.92% from its previous closing of Rs. 5406.45 on the BSE.
The scrip opened at Rs. 5500.05 and has touched a high and low of Rs. 5544.80 and Rs. 5471.50 respectively. So far 2475 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 6442.65 on 15-Jan-2024 and a 52 week low of Rs. 4518.35 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 5544.80 and Rs. 5320.05 respectively. The current market cap of the company is Rs. 160119.24 crore.
The promoters holding in the company stood at 68.60%, while Institutions and Non-Institutions held 21.44% and 9.96% respectively.
LTIMindtree has launched Canvas.ai, the company’s cutting edge enterprise ready AI platform, on the Snowflake AI Data Cloud. This new integration further enhances LTIMindtree’s AI capabilities, unlocks unparalleled flexibility and accelerated development, for its clients to harness the power of AI. By combining Canvas.ai’s customizability, scalability, and intuitive user interface with Snowflake’s top-tier capabilities, enterprises can swiftly transform their applications.
The collaboration brings together Canvas.ai’s capabilities of proactive governance and guardrails coupled with enterprise grade models such as Snowflake Arctic LLMs; Canvas.ai’s FinOps features, including rate limiting, token budgeting, and reporting, enhance the usability and efficiency of the LLMs that Snowflake Cortex AI is bringing to the table with access to industry leading LLMs like Mixtral, LLaMA 3, and Gemma; by leveraging Snowflake, Canvas.ai’s navigator applications accelerate the GenAI journey. These pre-built apps simplify AI deployment, enabling organizations to roll out solutions effortlessly.
LTIMindtree (formerly Larsen & Toubro Infotech) is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies.
