Wipro Teams With Nvidia To Develop GenAI Solutions For Health Insurance Companies
The global IT services firm says it will use the Nvidia AI Enterprise software suite on the AI chip giant’s GPU-powered DGX infrastructure to add AI capabilities to existing health insurance solutions related to the United States’ Affordable Care Act as well as the Medicare and Medicaid programs
Global IT services firm Wipro Technologies said it will collaborate with AI chip giant Nvidia to develop generative AI-based solutions for health insurance companies.
The company said in a Tuesday announcement that it will use the Nvidia AI Enterprise software suite on Nvidia’s GPU-powered DGX infrastructure to add AI capabilities to existing health insurance solutions related to the United States’ Affordable Care Act as well as the Medicare and Medicaid programs.
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The goal is to develop generative, speech and translation AI solutions to “improve member experience, increase enrollment, and help support claims adjudication,” according to the company, which has headquarters in East Brunswick, N.J. and Bengaluru, India.
By integrating Nvidia AI Enterprise into WiPro’s Enterprise Generative AI (WeGA) framework, health insurance organizations will be able to take advantage of large language models faster and easier to increase productivity and improve operational efficiencies, the company said.
WiPro plans to make use of Nvidia’s AI Foundation Models in conjunction with the chip designer’s NeMo framework and Riva software development kit to build and customize generative AI models. While NeMo is focused on custom generative AI model development Riva is designed for speech and translation AI.
“Wipro’s deep health care experience, innovative AI frameworks and platforms combined with Nvidia’s leadership in accelerated computing and AI will help the world’s largest health care entities to embrace new AI capabilities and re-imagine their business,” said Jason Eichenholz, senior vice president and global head of ecosystems and partnerships at WiPro, in a statement.
The collaboration was announced not long before Nvidia disclosed that it had tripled revenue in its third quarter from a year ago, a sign that demand for its AI chips and systems is still strong due to expanding use of generative AI applications and other GPU-powered workloads.
While Nvidia makes most of its revenue from chips and other hardware, the company disclosed in its third-quarter earnings that software, support and services offerings are expected to reach an annualized revenue run rate of $1 billion by the end of the year. The main drivers of this are the Nvidia DGX Cloud service, which is used to train AI models, and Nvidia AI Enterprise, which is focused on AI inference.