With 75 patents issued and pending, the laboratory will start with a team of researchers and developers dedicated to AI; the focus will be on research, innovation and production of cutting-edge AI systems
Competenta leading global technology company, announced the launch of an Advanced solution Artificial intelligence (IA) Laboratory. The laboratory, based in San Francisco, will focus on advancing the science and practice of AI through innovation and development of intellectual property and AI-enabling technologies. Equipped with a team of researchers and developers, including AI pioneers and PhDs, the lab will collaborate with research institutes, clients and startups and already has 75 issued and pending patents that provide a differentiated foundation on which to build cutting-edge AI solutions. The laboratory is part of Cognizant’s commitment announced last year to invest 1 billion dollars In Generative AI (gen AI) over the next three years.
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The launch of Cognizant’s Advanced AI Lab comes at a time when businesses are rapidly scrambling to understand the impact of AI and meet growing expectations around its promise. Recent research showed that more than half (66%) of executives are ambivalent or dissatisfied with their company’s progress on AI and gen AI, and most executives (85%) plan to increase spending in AI and Gen AI in 2024. In the longer term, Cognizant and a recent study from Oxford Economics found that Gen AI could inject up to 1 trillion dollars to the American economy by 2032.
“As AI rapidly moves toward mainstream use, Cognizant is continually pushing the boundaries through strategic partnerships, training programs and platform investments to become an AI-first company,” said the CEO of Cognizant. Ravi Kumar. “With the launch of Cognizant’s Advanced AI Lab, we are advancing this effort by investing in cutting-edge AI research that establishes our position at the forefront of innovation and our industry. Because we master the end-to-end customer relationship, we have a unique vision of companies, sectors and their AI needs. We pay special attention to AI research and development to lay the foundation for better business outcomes and a brighter future.
By harnessing the power of Large language models (LLM) as skilled knowledge workers, the lab’s researchers and developers will use the Cognizant Neuro™ AI platform to orchestrate LLMs into decision-making AI systems that can positively impact and optimize business outcomes. Going beyond simple engineering and fine-tuning, these custom AI applications will be designed to support higher-value outcomes, from strategic business decisions at board level to to business operations, including financial, sales, product and IT support, on a daily basis. productivity of each employee.
“Cognizant’s Advanced AI Lab is an important partner for us in the research community, and we have been working quickly with them, already working on simulating brain dynamics in healthy populations and patients,” he said. said Dr. Manish Saggarassistant professor and director of the Brain Dynamics Lab at Stanford University Medicine School. “I am excited about the progress we are making together, as well as its potential impact not only on the advancement of science, but also on the development of new interventions for mental health disorders. »
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Specifically, Cognizant’s Advanced AI Lab will focus on the following areas:
- Research, design, evaluate, build and present innovative AI solutions for business productivity and decision-making in various domains
- Collaborate with external stakeholders, including research institutions, customers and startups, and engage in AI for good research projects
- Evangelize AI-powered decision-making solutions globally and strengthen Cognizant as a knowledge hub for published, peer-reviewed AI research.
- Collaborate across Cognizant lines of business and practices to train and upskill employees on new AI solutions as they become available through the Cognizant Neuro™ AI platform.
- Foster an environment of continuous learning, innovation and knowledge sharing
The laboratory will be led by an AI entrepreneur and inventor, Babak Hodjatwith research activities in AI under the supervision of University of Texas at Austin Professor of AI and pioneer of neuroevolution, Risto Miikkulainen. Last year alone, their team of researchers and developers have already published 14 papers in academic venues and received the Best Pathway to Impact award at the NeurIPS 2023 Climate Change Workshop for the paper Discover effective policies for land use planning.
In addition to the launch of Cognizant’s Advanced AI Lab, Cognizant supports enterprise adoption of AI through its AI Innovation Studios in London, new York, San Francisco, Dallas, and Bangalore. These studios serve as inspiration and co-innovation spaces that bring together clients and associates to identify and collaborate on new business solutions.
Cognizant is committed to maintaining the highest standards in responsible and ethical AI, with a focus on safety, security, privacy, transparency and inclusion. For more details on Cognizant’s approach to generational AI and the company’s commitment to responsible AI, visit here. Cognizant also develops research and insights that help leaders make informed decisions to fuel their business success. In partnership with Oxford Economics, Cognizant recently published a study on the economic impact of AI, “New World, New Work,” and intends to publish additional research on the impact of AI on productivity, tasks, skills, jobs and professions.
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