Cognizant big plan on generative ai: To invest $1 billion over the next 3 years

Cognizant's CEO, S Ravi Kumar, announced that the company expects to invest $1 billion in generative AI over the next 3 years

The plan will be executed via combination of internal platform building, partnerships, and a healthcare LLM in collaboration with Google  

As a part of its extended collaboration with Google, the two companies will design a healthcare LLM

This project will be enabled by using Google Cloud's Generative AI technology and Cognizant's AI domain expertise

The objective is to simplify and enhance the accuracy of complex healthcare administrative tasks and boost healthcare outcomes