Capgemini to invest $1Bn in generative AI
PARIS, FRANCE — French IT consulting firm Capgemini will invest €2 bilion (US$1 billion) in generative artificial intelligence (AI) over the next three years, despite experiencing sluggish Q2 growth.
The company has a workforce of approximately 349,500 and expects to double the size of its data and AI department employees to 60,000.
This initiative complements their recent introduction of a new set of generative AI solutions, spanning strategy development to large-scale implementation.
The firm, however, experienced muted Q2 growth, reflecting a widespread regional slowdown and unexpected softness in the U.S. market, prompting a dip in its share price. The group reported a quarterly sales growth of 5.2% at constant exchange rates, a drop from Q1’s 10.7%.
Despite the lukewarm results, the group’s half-year revenue climbed 7.9% at constant rates to €11.4 billion (US$12.5 billion), driven by demand for digital transformation services, including AI.
CEO Aiman Ezzat expressed confidence in generative AI, predicting it will play a pivotal role in the industry’s transition.
Read more here.
Related news
- Startup raises $500K for AI-powered customer support · 12 Sep
- Integrity360 acquires Advantio to strengthen European operations · 1 Aug
- Deloitte debuts engineering unit to harness transformative tech · 31 Jul
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
