Teaneck, N.J., (ANTARA/PRNewswire) – Cognizant (Nasdaq: CTSH), a global technology company, has announced the opening of its state-of-the-art Advanced Artificial Intelligence (AI) Lab in San Francisco. With a team of dedicated AI researchers and developers, the lab aims to advance the field of AI through innovation, intellectual property development, and the creation of AI-enablement technologies.
The AI Lab is a significant step forward in Cognizant’s commitment to invest $1 billion in generative AI (gen AI) over the next three years. By collaborating with research institutions, customers, and startups, the lab has already amassed an impressive collection of 75 issued and pending patents that will serve as the foundation for cutting-edge AI solutions.
The launch of the AI Lab comes at a crucial time, as businesses increasingly recognize the importance of AI and strive to maximize its potential. A recent study revealed that more than half of executives express dissatisfaction with their company’s progress in AI, and 85 percent plan to increase their spending on AI in the coming years. Furthermore, the partnership between Cognizant and Oxford Economics suggests that gen AI has the potential to inject up to $1 trillion into the U.S. economy by 2032.
Cognizant CEO Ravi Kumar S. emphasized the company’s commitment to pushing boundaries and becoming an AI-first organization. He stated, “We’re putting dedicated focus on AI research and development to lay the groundwork for better business outcomes and a better future.”
The lab’s researchers and developers will leverage the power of Large Language Models (LLMs) through the Cognizant Neuro™ AI platform. By orchestrating LLMs into decision-making AI systems, they will create customized applications that offer higher-value outcomes across various domains. These applications will range from strategic board-level decisions to day-to-day productivity enhancements for individual employees.
The lab’s areas of focus will include:
1. Researching, designing, evaluating, building, and showcasing innovative AI solutions for enhanced business productivity and decision-making.
2. Collaborating with research institutions, customers, and startups to engage in AI-for-good research projects.
3. Promoting gen AI-enabled decision-making solutions globally and establishing Cognizant as a knowledge hub for published, peer-reviewed research on AI.
4. Partnering with Cognizant’s business lines and practices to train associates on new AI solutions through the Cognizant Neuro™ AI platform.
5. Cultivating a culture of continuous learning, innovation, and knowledge sharing.
The lab will be led by AI entrepreneur and inventor Babak Hodjat, with AI research activities overseen by Risto Miikkulainen, Professor of AI at the University of Texas at Austin. Under their guidance, the lab has already made significant progress, publishing 14 papers in academic venues and receiving recognition for their work in climate change research.
Cognizant’s commitment to AI extends beyond the AI Lab, as the company also supports enterprise AI adoption through its AI Innovation Studios around the world. These studios serve as spaces for clients and associates to collaborate and develop innovative business solutions.
As Cognizant continues to prioritize responsible and ethical AI practices, it emphasizes safety, security, privacy, transparency, and inclusion. The company is dedicated to maintaining the highest standards and regularly conducts research and insights on AI’s impact on productivity, skills, and occupations.
Cognizant’s Advanced AI Lab represents a significant milestone in its journey towards becoming a leader in AI innovation and development. Through collaboration, research, and a commitment to responsible AI, Cognizant aims to drive transformative change and shape the future of AI-enabled solutions.
FAQ
What is the purpose of Cognizant’s Advanced AI Lab?
The purpose of Cognizant’s Advanced AI Lab is to advance the science and practice of AI, driving innovation and developing intellectual property and AI-enablement technologies.
What sets Cognizant’s AI Lab apart?
Cognizant’s AI Lab distinguishes itself through its team of dedicated researchers and developers, including AI pioneers and PhDs. The lab also possesses 75 issued and pending patents that form the basis for cutting-edge AI solutions.
What impact can gen AI have on the U.S. economy?
According to a study by Cognizant and Oxford Economics, gen AI has the potential to inject up to $1 trillion into the U.S. economy by 2032.
How will the AI Lab leverage Large Language Models (LLMs)?
The AI Lab will utilize the power of Large Language Models through the Cognizant Neuro™ AI platform. By orchestrating these models into decision-making AI systems, the lab aims to optimize business outcomes and enhance productivity.
Who leads Cognizant’s Advanced AI Lab?
The lab is led by AI entrepreneur and inventor Babak Hodjat, with AI research activities overseen by Risto Miikkulainen, Professor of AI at the University of Texas at Austin.
How is Cognizant supporting enterprise AI adoption?
In addition to the AI Lab, Cognizant supports enterprise AI adoption through its AI Innovation Studios located in London, New York, San Francisco, Dallas, and Bengaluru. These studios serve as spaces for collaboration and the development of new business solutions.
What is Cognizant’s approach to responsible AI?
Cognizant is dedicated to maintaining the highest standards for responsible and ethical AI. The company prioritizes safety, security, privacy, transparency, and inclusion in its AI practices.
(Source: [Cognizant](https://www.cognizant.com))
Cognizant’s Advanced AI Lab represents a significant milestone in the company’s journey towards becoming a leader in AI innovation and development. The lab’s purpose is to advance the science and practice of AI, driving innovation and developing intellectual property and AI-enablement technologies. It sets itself apart through its team of dedicated researchers and developers, including AI pioneers and PhDs. The lab also possesses 75 issued and pending patents that form the basis for cutting-edge AI solutions.
The launch of the AI Lab comes at a crucial time as businesses recognize the importance of AI and strive to maximize its potential. According to a recent study, more than half of executives express dissatisfaction with their company’s progress in AI, and 85 percent plan to increase their spending on AI in the coming years. The partnership between Cognizant and Oxford Economics suggests that gen AI has the potential to inject up to $1 trillion into the U.S. economy by 2032.
The lab’s researchers and developers will leverage the power of Large Language Models (LLMs) through the Cognizant Neuro™ AI platform. By orchestrating these models into decision-making AI systems, they aim to optimize business outcomes and enhance productivity. This will result in customized applications that offer higher-value outcomes across various domains, ranging from strategic board-level decisions to day-to-day productivity enhancements for individual employees.
Cognizant’s commitment to AI extends beyond the AI Lab, as the company also supports enterprise AI adoption through its AI Innovation Studios located in London, New York, San Francisco, Dallas, and Bengaluru. These studios serve as spaces for collaboration and the development of new business solutions.
Cognizant is dedicated to maintaining the highest standards for responsible and ethical AI practices. The company prioritizes safety, security, privacy, transparency, and inclusion. It regularly conducts research and insights on AI’s impact on productivity, skills, and occupations.
Overall, Cognizant’s Advanced AI Lab represents a significant investment in the advancement of AI technology. Through collaboration, research, and a commitment to responsible AI, Cognizant aims to drive transformative change and shape the future of AI-enabled solutions.
For more information, you can visit the [Cognizant](https://www.cognizant.com) website.