Sweden-located firm Ericsson has declared to boost its investment in AI in India, the US, and Sweden so as to improve its services. The firm, for the upgradation in AI-associated sector, is also employing engineers as well as other experts who will speed up the automation endeavors in India.
Head of Managed Services, Ericsson, Peter Laurin, in an interview with well-known media platform, said, “We have loads of development ensuing in India and now, we are putting money on 3 centers—Sweden, India, and Silicon Valley— globally, what we describe the worldwide AI accelerators. It’s extremely significant for us that we boost AI expenditures and we’re doubling down on Sweden, Silicon Valley, and India.”
Ericsson, for AI acceleration, has employed 150 engineers by now in Bengaluru and intends to employ more for enhanced outcomes. With the surfacing of technology, the employing of a new team is not the exclusive solution to endure. Firms require to give attention to prevailing employees as well. Also, the company is making attempts to upskill and upgrade their existing engineers and professionals to perform competently.
Nevertheless, the firm intends to push particular innovation of India to the reach of the worldwide market. Laurin stated, “India is a huge R&D center for us, in development as well as placing it into the field. It can have that we articulate that we grow in India and we set up it in the US. Also, it is fueled by the fact that there are more tools out there. Thus, even if one has consolidation, they still hold a network to handle.”
Likewise, SAS, propelling the analytics future, is spending $1 Billion over the subsequent 3 Years in AI through software innovation, expert services, education, and more. The pledge builds on the already well-built foundation of SAS in AI that comprises machine learning, advanced analytics, natural language processing, computer vision, and deep learning.