HCLTech stock gains after IT major rolls out strategic initiative with Google Cloud

HCLTech shares rose on Wednesday after the Noida-headquartered IT major announced an expanded partnership with Google Cloud to create industry solutions and drive business value with the US-based tech giant's multimodal large language AI model, Gemini. HCLTech shares rose by as much as Rs 30.4, or 2.0 per cent, to Rs 1,558.5 apiece on BSE after the news. 

At 2:00 pm, HCLTech shares were left with half of their intraday gain, up 1.0 per cent for the day at Rs 1,543.4 apiece.

As part of the alliance, HCLTech said it will enable 25,000 engineers on Google Cloud’s latest GenAI technology to better support clients at every stage of their AI projects. That will include the development of new use cases and capabilities for HCLTech platforms and product offerings, and initially focusing on bringing gen AI capabilities to clients in manufacturing, healthcare, and telecom, the IT firm said. 

HCLTech AI Force, a pre-built GenAI platform launched by HCLTech recently, optimises engineering lifecycle processes from planning through development, testing, and maintenance.

The IT company will enhance the HCLTech AI Force platform with Gemini’s advanced code completion and summarisation capabilities, which will allow engineers to generate code, remediate issues, and accelerate the delivery time and quality of software projects for clients. It will also use Gemini models to strengthen and expand the portfolio of industry solutions built out of its dedicated Cloud Native Labs and AI Labs, which focus on accelerating client innovation and are staffed by leading AI experts and engineers.

"Both labs will enable clients to better scope, manage and refine gen AI projects on Google Cloud’s infrastructure," HCLTech added. 

"HCLTech and Google Cloud have a long-standing strategic partnership. This collaboration will bring to market HCLTech's innovative GenAI solutions using Google's most capable and scalable Gemini models. We believe this helps us to bring even more value to global enterprises through the company's differentiated portfolio," said C Vijayakumar, CEO and MD, HCLTech.

HCLTech will use Gemini models to strengthen and expand the portfolio of industry solutions built out of its dedicated Cloud Native Labs and AI Labs, which focus on accelerating client innovation and are staffed by leading AI experts and engineers. It will also enhance the recently-launched HCLTech AI Force platform with Gemini's advanced code completion and summarisation capabilities, which will allow engineers to generate code, remediate issues, and accelerate the delivery time and quality of software projects for clients.

"By enabling 25,000 engineers on Google Cloud's latest generative AI technology, HCLTech can provide the expertise and technical skills that clients need to successfully deploy and manage GenAI projects at scale," said Thomas Kurian, CEO, Google Cloud.

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