Sterlite Technologies jumps as its arm launches `AInnov`
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Sterlite Technologies is currently trading at Rs. 156.65, up by 2.95 points or 1.92% from its previous closing of Rs. 153.70 on the BSE.
The scrip opened at Rs. 155.00 and has touched a high and low of Rs. 158.25 and Rs. 155.00 respectively. So far 59284 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 192.95 on 19-Dec-2022 and a 52 week low of Rs. 142.00 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 162.40 and Rs. 153.10 respectively. The current market cap of the company is Rs. 6240.46 crore.
The promoters holding in the company stood at 54.05%, while Institutions and Non-Institutions held 9.16% and 36.80% respectively.
Sterlite Technologies’ wholly owned subsidiary--- STL Digital has launched AInnov, a solutioning fabric of powerful Generative AI Services, frameworks, methodologies and solutions designed for enterprises to accelerate Generative AI-led innovation and adoption. AInnov enables development of embedded AI applications for multi stakeholder experiences. STL Digital's expertise in Data Engineering and Generative AI has culminated in the development of these cutting-edge solutions, aimed at empowering businesses to deliver exceptional customer experiences by harnessing advanced natural language understanding and response generation across various domains.
While enterprises are increasingly employing generative AI to analyse complex data sets, discern patterns, and process multi-faceted variables, the path to integrating these advanced systems is riddled with challenges. Some of the most significant hurdles include training Generative AI for specific enterprise use cases, fine-tuning algorithms for greater accuracy, ensuring data security, handling multi-modal inputs, and improving the quality of trained data. STL Digital has successfully cultivated robust capabilities in designing and training AI models to produce novel, context-aware outputs and has honed its proficiency in refining and testing these models in real-world scenarios.
Sterlite Technologies is one of the industry's leading integrators of digital networks providing All-in 5G solutions.
