Tech Mahindra partners with Anyverse to accelerate AI Adoption in Automotive Industry

Tech Mahindra has entered into a partnership with Anyverse, a hyperspectral synthetic data generation platform that accelerates the development of computer vision-based solutions for autonomous applications. The partnership will focus on accelerating AI adoption in the automotive industry by simplifying the use of synthetic data to train, test, and validate AI systems.

As part of the partnership, Tech Mahindra will use Anyverse’s platform to provide synthetic data sets to train, validate, and fine-tune its global automotive customers’ AI systems. The partnership will focus on advanced driver assistance systems (ADAS), in-cabin systems, and autonomous vehicle (AV) applications. This will help accelerate AI adoption and software validation timelines by 30-40%. Anyverse will provide its standalone hyperspectral synthetic data platform, enabling Tech Mahindra to generate synthetic data with accurate sensor simulation.

Tech Mahindra Ltd provides a comprehensive variety of IT services to a diverse base of corporate customers across a wide range of industries, including IT-enabled services, application development and maintenance, consulting, and enterprise business solutions, among others. Infrastructure and cloud services, engineering services, application services, data analytics, network services, testing services, performance engineering, security and risk management services, business process services, product engineering, consulting, and other services are available from the company.

On Thursday, the shares of Tech Mahindra closed at Rs 1232.50, up by 0.43% from its previous closing of Rs 1227.25 on the BSE.

Today, the stock opened at Rs 1220.15 and has touched a high and low of Rs 1234.35 and Rs 1214.70 respectively.

The BSE group ‘A’ stock of face value Rs 5 has touched a 52 week high and low of Rs 1270.35 and Rs 982.95, respecively.

Last one week high and low of the scrip stood at Rs 1250.05 and Rs 1203.30 respectively. The current market cap of the company is Rs 1,20,151.80 crore.

The promoters holding in the company stood at 35.16%, while Institutions and Non-Institutions held 52.72% and 12.13% respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.