The French technology services and consulting company’s results for the six months to 30 June 2023 indicate an increase of 6.9% in its revenues to €11.42bn, compared to €10.7bn for the same half of the previous year
Capgemini to make an investment of €2bn in AI over three years. (Credit: Like tears in rain/Wikimedia Commons)
France-based Capgemini has revealed its plans to invest €2bn in artificial intelligence (AI) over three years in a move to advance the company’s position in AI technology.
The technology services and consulting company’s announcement has come as part of its financial results released for the first half of 2023.
Capgemini’s results for the six months to 30 June 2023 indicate an increase of 6.9% in its revenues to €11.42bn, compared to €10.7bn for the same half of the previous year.
The French technology company has reported a net profit of €809m, an increase of 21% compared to €667m in the first half of 2022.
Capgemini CEO Aiman Ezzat said: ”The Group will invest €2 billion in Artificial Intelligence to build its leadership in this breakthrough technology, that must be deployed responsibly, reliably, and sustainably.
“We are developing a portfolio of industry-specific offers and signing strategic partnerships, notably with Google Cloud and Microsoft, while training most of our workforce through our Data & AI Campus to fully leverage the power of generative AI in our operations.”
Separately, Capgemini has introduced a suite of generative AI services, ranging from strategy definition through to practical development and deployment of generative AI at scale.
The newly launched portfolio of AI services will allow chief experience officers to define and prioritise the significant AI use cases for their businesses.
Besides, the services will improve customer experience with four generative AI assistants and enable hyper-personalised customer experience.
The company said its generative AI services will also enhance efficiency and quality across the whole software life cycle from design and coding to documentation, testing, deployment, and operations and expedite the time to market for new software.
Furthermore, the portfolio of AI services will allow businesses to have tailored generative AI assistants in line with their key proprietary data.