HCL Tech is in the news today morning with the stock price trending in the green since the opening bell; the price rose 1% to an intraday high at Rs.1146.45, not too far from its 52-week high of Rs.1156.80.
The stock price has reacted positively to its announcement that the company has expanded its strategic partnership with Google Cloud to develop generative artificial intelligence (AI) solutions and develop joint solutions powered by Google Cloud’s generative AI technologies.
HCL Tech is actively using Google Cloud’s large language models (LLMs) to develop generative AI capabilities for its clients across three core domains: industries, enterprise functions, innovation and technology modernization. HCLTech’s AI platforms and solutions will utilize Google Cloud's full suite of enterprise generative AI products and services.
HCLTech offers a unique set of end-to-end AI capabilities from chip development to business process optimization. Leveraging strategic partnerships with Google and many others, HCLTech is paving the way for the adoption of generative AI across industries.