TCS quantifies its AI business for first time, CEO K Krithivasan says: AI revenue is now …
Tata Consultancy Services (TCS) is aiming to be the world’s largest AI-led technology services player. Tata Group company recently announced that its artificial intelligence (AI) services division has reached an annualised revenue run-rate (ARR) of $1.5 billion. This is the first time ever that the company has quantified its AI business. Talking to analysts, TCS CEO K Krithivasan said that AI is now growing faster than the rest of its business. “Our quarter-on-quarter growth on AI alone has gone up by over 16.3%,” he said. CEO Krithivasan has laid out a five-pronged strategy which will anchor TCS’ vision of becoming the “world’s largest AI-led technology services company”. These include internal AI transformation, AI-driven service reimagination, future-ready talent, making AI real for customers and building a full-stack AI ecosystem spanning infrastructure, platforms and partnerships. TCS CEO further said that acquisitions shall also play a major role in the company’s capability enhancement.
