In the next six months, KPIT Technologies, plans to introduce its in-house generative artificial intelligence technology.
Kishor Patil, the CEO, MD, and co-founder of KPIT, stated during a conference call following the company’s earnings that artificial intelligence (AI) and machine learning (ML) technologies have already been utilised throughout the company’s practice areas. He added that each practice area had its unique approach to problem-solving, and AI/ML was one of the primary tools being used.
Artificial intelligence (AI) that is utilised to develop completely original solutions in a particular subject is known as generative AI. This can entail applying AI to the automotive sector to create novel car parts or optimise manufacturing procedures.
Specifically regarding generative AI, Patil noted that KPIT’s engineers have a ‘deep understanding’ of the technology and plan to begin mainstream implementation within the next six months.
This development should be seen in the context of the company reporting a robust TCV (total contract value) of over $261 million (approx Rs 1957.5 crore) for new engagements in Q4 FY24. The key wins included a major European car manufacturer selecting KPIT for significant projects in electric powertrain and connected car domains.
Additionally, the company secured strategic partnerships with an Asian car manufacturer in connected, autonomous, and middleware domains, and another American car manufacturer for connected, electric, and conventional powertrain solutions.
Furthermore, KPIT announced strategic engagements in the autonomous, electric, and conventional powertrain domains with another leading American car manufacturer, along with key deals in powertrain and vehicle diagnostics for a major American commercial vehicle OEM.
