L&T Technology Services Limited (LTTS), a global leader in digital engineering and R&D, has announced a strategic collaboration with nasscom’s Generative AI Foundry initiative. This partnership aims to bolster the startup landscape in Generative AI, offering vital support to emerging companies in this dynamic field.
Fueling Growth in Generative AI
Nasscom reports a significant milestone for Generative AI startups in India, with over $475 million in funding raised from 2021 through May 2023. LTTS is set to play a pivotal role in nurturing this growth by providing resources and expertise to a carefully selected group of startups. The engagement process will involve mentorship, assistance in product development, innovation roadmaps, and the provision of Proof of Concepts aligned with LTTS’s technology trajectory. Additionally, LTTS will conduct bootcamps and knowledge-sharing workshops to enhance the startups’ domain expertise.
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LTTS’s Impressive AI Portfolio
As a frontrunner in Artificial Intelligence (AI) and digital engineering, LTTS brings a wealth of expertise to the collaboration. Two standout offerings in their AI portfolio include AiKno™ and Chest-rAi™. AiKno™ expedites AI model deployment with pre-built models and a user-friendly interface. Chest-rAi™ is a groundbreaking AI tool tailored for radiologists, utilizing deep learning algorithms to analyze chest X-rays and detect abnormalities.
Insights from Collaborators
Ankit Bose, Head of AI at nasscom, expressed optimism about the collaboration, stating, “Our partnership with L&T Technology Services is a significant stride towards equipping these promising startups with the resources and expertise they require to innovate and transform the AI industry on a global scale.”
Abhishek Sinha, COO and Board Member at LTTS, conveyed eagerness about engaging with India’s entrepreneurial ecosystem. Sinha stated, “LTTS aims to accelerate the growth of startups in the generative AI sector, assisting them to pivot, scale, and make a substantial impact both locally and globally.”
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About Nasscom
Nasscom represents the voice of the $245 billion technology industry in India, fostering the nation’s position as a leading technology ecosystem. With a diverse community of over 3000 member companies, Nasscom spans the entire spectrum of the industry, driving innovation, advocating policies, and championing diversity and equal opportunity.
About L&T Technology Services Ltd
L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited, focusing on Engineering and R&D services. With a customer base including 69 Fortune 500 companies, LTTS operates across various industries, employing over 23,800 professionals globally.
For more information, visit www.LTTS.com.
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