| | SEPTEMBER 20248INFOSYS & LIC TEAM UP TO PUSH DIGITAL TRANSFORMATIONLenovo Group Ltd. has commenced building AI servers in southern India, a new boon for the fast-growing country that is aiming to become a high-tech hotbed. The company said it has started making large, powerful computers in Pondicherry in southeast India, expanding beyond products such as laptops and smartphones. The Chinese company will also expand its facilities in the Bangalore area, including a research lab focused on artificial intelligence.Lenovo's plans mark another win for India as Prime Minister Narendra Modi seeks to attract more technology investment to the country. Although strained relations between India and China have suffered setbacks in recent years, global tech companies see it as an attractive option to expand their businesses while Beijing and Washington are locked in a trade war.The servers execute the necessary computations to support services, including generative AI, which gained prominence through applications like ChatGPT. The introduction of AI servers indicates that Lenovo will produce its complete range of hardware in India, catering to both domestic and export markets, thereby highlighting the significance of the country for the company.Although India's technology manufacturing sector remains relatively small in comparison to China, it has been progressing and is now capable of producing more advanced products, such as iPhones. The emergence of AI servers marks another significant achievement, demonstrating that India can provide a viable alternative to areas with more developed high-end manufacturing capabilities. Infosys announced a collaboration with Life Insurance Corporation of India (LIC) to aid in the digital transformation project called DIVE. IT firm announced plans to offer LIC with complete system integration services utilizing the AI features of its AI platform Infosys Topaz, along with DevSecOps services from its cloud solution Cobalt. Infosys will assist in establishing the required infrastructure for digital transformation and will also be responsible for continuous monitoring and maintenance after the platform is up and running."As part of the collaboration, Infosys will enable the creation of a cutting-edge NextGen Digital Platform, which will focus on delivering seamless omnichannel engagement and data-driven hyper-personalised experiences to LIC's customers, agents and employees," Infosys said in a regulatory filing. Financial details of the partnership were not disclosed."By leveraging Infosys' extensive experience in digital transformation initiatives and prowess in AI and Cloud, we aim to equip LIC with a robust digital infrastructure that will deliver superior customer engagement, enhance operational efficiency and enable rapid market responsiveness. Through this collaboration, we are confident that LIC will be uniquely positioned to offer unparalleled service and value to their stakeholders," said Salil Parekh, CEO & MD, Infosys.In August, sources said that the banking, financial services and insurance (BFSI) sector, Infosys' largest business segment, and most of India's top software service providers had played a key role in the partial recovery of the country's $250 billion-plus IT services sector after a lull of four to six quarters. IN FOCUSLENOVO TO MANUFACTURE AI SERVERS IN INDIA
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