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- Cognizant inaugurates an advanced artificial intelligence laboratory to accelerate research and innovation in this field
The laboratory, which has 75 granted and pending patents, will be launched with a team of researchers and developers dedicated to artificial intelligence; will focus on research, innovation and production of cutting-edge artificial intelligence systems
TEANECK, N.J., March 7, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading global technology company, today announced the launch of an Advanced Artificial Intelligence (AI) Laboratory. The lab, 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. Formed by a team of researchers and developers, including pioneers and PhDs in AI, the laboratory will collaborate with research institutions, clients and startups, and already has 75 issued and pending patents that provide a differentiated foundation on which build cutting-edge AI solutions. The lab is part of the commitment Cognizant announced last year to invest $1 billion in generative AI (gen AI) over the next three years.
The launch of Cognizant's Advanced AI Lab comes at a time when companies are working quickly to understand the impact of AI and meet the growing expectations around its promise. Recent research has shown that more than half (66%) of executives are ambivalent or dissatisfied with their company's progress in AI and gen AI, and most executives (85%) plan to increase spending on AI and gen AI in 2024. In the longer term, the recent study by Cognizant and Oxford Economics concludes that next-generation AI could inject up to a trillion dollars into the US economy in 2032.
"As AI rapidly evolves into widespread use, Cognizant is continually pushing the boundaries through strategic partnerships, training programs and platform investments to be an AI-first company," said Cognizant CEO , Ravi Kumar S. "With the launch of Cognizant's Advanced AI Lab, we are advancing this effort by investing in cutting-edge AI basic research that establishes our position at the forefront of innovation and our industry. As we own end-to-end customer relationship, we have a unique line of sight into businesses, industries and their AI needs. We focus on AI research and development to lay the foundation for better business outcomes and a future better".
Leveraging the power of Large Language Models (LLMs) as capable 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 processes. business results. Beyond simple engineering and tuning, these custom AI applications will be designed to support higher-value outcomes, from C-level strategic business decisions to business operations including financial, sales, product, IT support, and more. the daily productivity of employees.
"Cognizant's Advanced Artificial Intelligence Laboratory is an important partner for us in the research community, and we have already worked quickly with them on simulating brain dynamics in healthy and patient populations," said Dr. Manish Saggar, Associate Professor. and director of the Brain Dynamics Laboratory at Stanford University School of Medicine. "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 disorders."
Specifically, Cognizant's Advanced AI Lab will focus on the following areas:
The lab will be led by Babak Hodjat, an AI entrepreneur and inventor, and AI research activities will be under the supervision of Risto Miikkulainen, an AI professor at the University of Texas at Austin and a pioneer of neuroevolution. In the last year alone, its team of researchers and developers has already published 14 articles in academic journals and received the award for best impact pathway at the NeurIPS 2023 climate change workshop for its article Discovering Effective Policies for Land-Use Planning .
In addition to the launch of Cognizant's Advanced AI Lab, Cognizant is supporting enterprise adoption of AI through its AI Innovation Studios in London, New York, San Francisco, Dallas and Bengaluru. These studios serve as inspiration and co-innovation spaces that bring together clients and partners to identify and collaborate on new business solutions.
Cognizant is dedicated to maintaining the highest standards of responsible and ethical AI, focusing on safety, security, privacy, transparency and inclusion. To learn more about Cognizant's approach to generic AI and the company's commitment to responsible AI, visit here. Cognizant also develops research and insights that help leaders make informed decisions to drive the success of their companies. In collaboration with Oxford Economics, Cognizant recently published a study on the economic impact of AI, "New World, New Work", and plans to publish new research on the impact of AI on productivity, tasks, skills, jobs and occupations.
About CognizantCognizant (Nasdaq: CTSH) designs modern businesses. We help our clients modernize technology, reimagine processes, and transform experiences so they can stay ahead in a rapidly changing world. Together, we are improving everyday life. See how at www.cognizant.com or @cognizant.
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