TCS gains on expanding collaboration with NVIDIA to launch industry-specific solutions
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Tata Consultancy Services is currently trading at Rs. 4082.20, up by 34.05 points or 0.84% from its previous closing of Rs. 4048.15 on the BSE.
The scrip opened at Rs. 4069.90 and has touched a high and low of Rs. 4091.75 and Rs. 4034.00 respectively. So far 38114 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4585.90 on 02-Sep-2024 and a 52 week low of Rs. 3313.00 on 01-Nov-2023.
Last one week high and low of the scrip stood at Rs. 4138.15 and Rs. 3986.55 respectively. The current market cap of the company is Rs. 1474117.40 crore.
The promoters holding in the company stood at 71.77%, while Institutions and Non-Institutions held 23.57% and 4.67% respectively.
Tata Consultancy Services (TCS) has expanded its collaboration with NVIDIA to launch industry-specific solutions and offerings that will help customers adopt artificial intelligence (AI) faster and at scale. These solutions and offerings will be delivered through TCS’ new business unit focused on NVIDIA, under its AI.Cloud business unit. TCS’ new business unit builds on a collaboration with NVIDIA for over five years, brings together the complementary capabilities of both organizations and offers tailored offerings for various industries.
Enterprises worldwide are racing to adopt AI but there is no consensus on an AI adoption strategy, according to the recent TCS AI for Business Study. The AI adoption journey for every enterprise is unique and involves an interplay of AI and existing enterprise capabilities. AI adoption at scale requires an intimate understanding of the enterprise and its practices and building AI models that are customized for the context. The new unit will design and deliver curated AI adoption strategies by leveraging global centres of excellence (CoEs), investments in the NVIDIA AI platform - including accelerated computing and AI software, and the NVIDIA AI Enterprise and NVIDIA Omniverse platforms - and skilled resources.
The new unit also offers TCS’ proprietary framework, which brings together its deep domain expertise, enterprise contextual knowledge and NVIDIA AI technology for building and deploying agentic AI solutions - including NVIDIA NIM microservices and NVIDIA NIM Agent Blueprints, which are part of the NVIDIA AI Enterprise software platform and NVIDIA AI Foundry - to deliver value at scale to customers. TCS and NVIDIA have collaborated to build innovative, value chain-centric solutions and offerings for industry verticals on the NVIDIA AI platform.
TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses. TCS offers a consulting-led, cognitive powered, integrated portfolio of IT, business & technology services, and engineering.
