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HDFC Bank built its in-house AI platform Neev with just ₹2 crore, says CIO Lakshminarayanan

HDFC Bank spent just ₹2 crore in seed money to build Neev, its in-house artificial intelligence (AI) platform, according to Ramesh Lakshminarayanan, Group Head of Information Technology (IT) and Chief Information Officer (CIO) of the bank, who said the lender has since spent only “a couple of crores here and there” on top of that. … Read more

Wipro bets on AI as clients stay cautious on discretionary spending, targets margin recovery

Wipro remains focused on building AI-led platforms and solutions while pursuing large transformation deals, said Chief Executive Officer and Managing Director Srini Pallia. Although clients continue to remain cautious on discretionary spending, he said Wipro’s deal pipeline remains healthy, with demand largely driven by cost optimization and vendor consolidation as enterprises redirect savings towards AI … Read more

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