Through agreements with Microsoft and Google Cloud, the Paris-based company aims to assist organizations in adopting AI technology.
Capgemini, a French IT consulting firm, reported stronger half-year revenue on Friday, driven by its cloud, data, and artificial intelligence (AI) activities, and announced it will invest 2 billion euros ($2.19 billion) in AI over three years.
Through agreements with Microsoft and Google Cloud, the Paris-based company aims to assist organizations in adopting AI technology.
“We continue to expand our market share by assisting our clients in their transition to a digital and sustainable economy… “I am confident that generative AI will play a significant role in this transition,” stated CEO Aiman Ezzat in a statement.
Since the introduction of OpenAI’s ChatGPT chatbot last November, generative AI, an increasingly powerful form of AI capable of generating its own text, images, and other content, has grown in popularity, raising worries about issues such as copyright, cybersecurity, privacy, and AI displacing human jobs.
Capgemini, which provides consulting, digital, technical, and engineering services, recorded 11.43 billion euros in revenue in the first half of 2023, up from 10.69 billion the previous year.
The business reiterated its 2023 sales growth forecast of 4% to 7% at constant currency.
