HCLTech and OpenAI Collaborate to Drive Enterprise-Scale AI Adoption
HCLTech, a leading global technology company, today announced a multi-year strategic collaboration with OpenAI, a leading AI research and deployment company, to drive large-scale enterprise AI transformation as one of the first strategic services partners to OpenAI.
HCLTech's deep industry knowledge and AI Engineering expertise lay the foundation for scalable AI innovation with OpenAI. This collaboration will enable HCLTech's clients to leverage OpenAI's industry-leading AI products portfolio alongside HCLTech's foundational and applied AI offerings for rapid and scaled GenAI deployment.
Additionally, HCLTech will embed OpenAI's industry-leading models and solutions across its industry-focused offerings, capabilities and proprietary platforms, including AI Force, AI Foundry, AI Engineering and industry-specific AI accelerators. This deep integration will help its clients modernize business processes, enhance customer and employee experiences and unlock growth opportunities, covering the full AI lifecycle, from AI readiness assessments and integration to enterprise-scale adoption, governance and change management.
HCLTech will roll out ChatGPT Enterprise and OpenAI APIs internally, empowering its employees with secure, enterprise-grade generative AI tools.
Vijay Guntur, Global Chief Technology Officer (CTO) and Head of Ecosystems at HCLTech, said, 'We are honored to work with OpenAI, the global leader in generative AI foundation models. This collaboration underscores our commitment to empowering Global 2000 enterprises with transformative AI solutions. It reaffirms HCLTech's robust engineering heritage and aligns with OpenAI's spirit of innovation. Together, we are driving a new era of AI-powered transformation across our offerings and operations at a global scale.'
Giancarlo 'GC' Lionetti, Chief Commercial Officer at OpenAI, said, 'HCLTech's deep industry knowledge and AI engineering expertise sets the stage for scalable AI innovation. As one of the first system integration companies to integrate OpenAI to improve efficiency and enhance customer experiences, they're accelerating productivity and setting a new standard for how industries can transform using generative AI.'
About HCLTech
HCLTech is a global technology company, home to more than 223,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, High Tech, Semiconductor, Telecom and Media, Retail and CPG and Public Services. Consolidated revenues as of 12 months ending March 2025 totaled $13.8 billion. To learn how we can supercharge progress for you, visit hcltech.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250630170903/en/
CONTACT: For more information, please contact:Meredith Bucaro, Americas
[email protected] Ghudial, EMEA
[email protected] Galvin, APAC
[email protected] Shukla, India
[email protected]
KEYWORD: AUSTRALIA/OCEANIA IRELAND AUSTRALIA SOUTHEAST ASIA NORTH AMERICA UNITED STATES SINGAPORE ASIA PACIFIC UNITED KINGDOM EUROPE INDIA NEW YORK
INDUSTRY KEYWORD: INTERNET DATA MANAGEMENT TECHNOLOGY ARTIFICIAL INTELLIGENCE SOFTWARE
SOURCE: HCLTech
Copyright Business Wire 2025.
PUB: 06/30/2025 07:03 AM/DISC: 06/30/2025 07:03 AM
http://www.businesswire.com/news/home/20250630170903/en
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gizmodo
17 minutes ago
- Gizmodo
Nothing's Phone 3 Really Goes Full-On Anti-iPhone, Huh?
After a seemingly never-ending drip of leaks and teases, Nothing's Phone 3 is finally here, along with what's shaping up to be a divisive new aesthetic. The eye-catching Android phone, which was unveiled during a London launch event on Tuesday, will cost $799 and is being billed as the company's 'first true flagship.' To sell its premium package, Nothing is leaning into a new triple camera system, a refreshed design, and a circular Glyph 'Matrix' display that, honestly, looks pretty damn fun. Let's start with the thing that sells almost every flagship phone out there: the camera system. The Phone 3, as you may have noticed, includes three different sensors this time around. All three of the rear cameras—main, ultrawide, and periscope zoom—are 50 megapixels. The most notable addition here is the periscope zoom camera, which was also included in the Phone 3a Pro. Luckily, unlike the Phone 3a Pro—which weirdly released before the Phone 3—the inclusion of a periscope camera doesn't necessitate a huge, annoying camera bump. Don't get me wrong, the lens still protrudes a bit, but nowhere near the amount of its predecessor. If you're unfamiliar with periscope cameras, all you need to know is that these puppies can zoom. Specifically, you can get up to 6x lossless zoom or 60x zoom with the help of AI. I haven't used the Phone 3 yet, but probably the biggest hangup I have on the surface is that the periscope camera is misaligned, which makes it look a little, uh, odd on the back of the phone. I suspect this will piss some people off, but others won't really care that much. I guess if Nothing's camera system works well for the price, then it'll be easy to forgive any design weirdness. Beyond the camera, I think the most notable feature is the Glyph Interface—er, sorry, the Glyph Matrix aka that big ol' circle at the top-right of the phone that can display all sorts of fun stuff. It's like the Glyph Interface but in dot matrix form, and it looks like a fun gimmick. According to Nothing, the Glyph Matrix does a lot of the same stuff as the Glyph Interface (the LED light strips on the back of the Phone 1 and 2) and some additional stuff, too. Nothing says that the Glyph Matrix is made up of 489 'individually firing LEDs' and can display all sorts of information, including caller ID, volume levels, and camera countdown. It also still does regular timers, a solar clock, and (my favorite) a couple of fun games that include rock, paper, scissors, and spin the bottle. To cycle through all those functions, Nothing also included a dedicated button on the back of the phone that it aptly calls the 'Glyph Button.' I love buttons, but I hope it works more smoothly than the buttons on its also brand-new Headphone 1. Nothing also said in its announcement video of the Phone 3 that it's opening up SDKs to developers, so the use of the Glyph Matrix may also expand in the future (if anyone actually cares enough to build stuff for it, that is). Inside the Phone 3 is also an almost flagship-level processor—Qualcomm's Snapdragon 8S Gen 4. That's the same chip found inside phones like Poco's F7 5G and Xiaomi's Redmi Turbo 4 Pro. It's a step up from the chips used in the Phone 3a and 3a Pro, which both come with Snapdragon 7S Gen 3. I've said it before, and I'll probably say it 1,000 times, but phone chips are at a point where—unless you're a hardcore mobile gamer or something—the newest generation isn't always super critical. If you're browsing the web, taking photos, and streaming video, like most of us, then you're probably not going to notice a huge difference with gen-over-gen chips. I use an iPhone 13 on a daily basis, and it still works… fine. I'm going to assume that the Phone 3 is the same story, but I won't know until I try it for myself. Phone (3) is here. Come to Play. Pre-order yours. 4 July. — Nothing (@nothing) July 1, 2025The design may be the most controversial part of the Phone 3. Instead of the kind of smooth, easy-going look of the Phone 1 and Phone 2, the Phone 3 opts for a rigid, block-like vibe on its backplate. I'm still on the fence and am suspending judgment until I see this thing in person, but it definitely looks very similar to the Phone 3a. For the first time, I think I actually prefer the black version of this phone, but again, I want to see it IRL before I jump to conclusions. On paper, the Phone 3 looks like a solid upgrade over the Phone 2 and, to no one's surprise, pushes new AI features like Essential Space, which is now out of early access. Whether the phone rises to the 'true flagship' positioning remains to be seen. Just like with the Headphone 1, the Phone 3 takes a shot at something different. Nothing has so far succeeded in shaking things up just enough to justify its mission of 'making tech fun again.' If you're all-in, you can preorder the Phone 3 starting July 4, and open availability starts on July 15. Orders will be available through and 'select partpartners,cording to Nothing.
Yahoo
24 minutes ago
- Yahoo
Is Rubrik Stock a Buy, Sell, or Hold for July 2025?
Rubrik (RBRK) is an under-the-radar cyber resilience leader that just announced a game-changing $100 million acquisition of AI startup Predibase. With this acquisition, Rubrik aims to accelerate the adoption of enterprise AI agents, promising faster, more cost-effective, and more secure AI deployments for its customers. But will this high-stakes AI bet propel Rubrik to the front of the cybersecurity pack — or is the market getting ahead of itself? As Rubrik stock hovers near its highs, is Rubrik a buy, sell, or hold for July 2025? Let's find out! Is Palantir Stock a Buy, Sell, or Hold for July 2025? Is Archer Aviation Stock a Buy, Sell, or Hold for July 2025? Oklo Just Announced a New Nuclear Fuel Deal. Is OKLO Stock a Buy Here? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Rubrik (RBRK) is a comprehensive cyber resilience company, specializing in data protection, backup and recovery solutions, and advanced security analytics. The Palo Alto-based company went public in 2024 and has quickly established itself as a formidable player in the enterprise data security space, serving customers across cloud and on-premise environments with its machine learning-powered platform. The stock has delivered a remarkable performance, trading in a 52-week range of $28.60 to $103. Its shares have posted an impressive year-to-date gain of about 30% and a staggering 52-week gain of nearly 185%. Rubrik delivered impressive first-quarter 2025 results that significantly exceeded Wall Street expectations. The company reported revenue of $278.5 million, representing a robust 49% year-over-year increase and surpassing analyst estimates of $260.4 million by 7%. Even more noteworthy, Rubrik posted an earnings per share loss of $0.15, substantially better than the expected loss of $0.32. The company's subscription-focused business model continues to gain traction, with subscription revenue reaching $265.7 million, up 54% year-over-year. Annual recurring revenue (ARR) hit $1.181 billion, growing 38% year-over-year and exceeding consensus estimates. Perhaps most encouraging for long-term investors, Rubrik achieved positive free cash flow of $33 million, demonstrating improving operational efficiency. Rubrik's growth strategy centers on strategic acquisitions that enhance its AI capabilities and expand its cyber resilience platform. On June 25, the company announced its agreement to acquire Predibase, an AI startup specializing in generative AI model fine-tuning, for a reported range between $100 million and $500 million. This acquisition positions Rubrik to accelerate customer AI agent adoption through integration with major cloud platforms including Amazon Bedrock, Azure OpenAI, and Google Agentspace. Earlier in 2025, Rubrik also acquired DevOps security vendor BackRightUp, expanding its capabilities in code repository protection and DevOps data security. Four months post-integration, the acquisition has shown positive results, supporting Rubrik's 'Code to Cloud' cyber resilience strategy and strengthening its position in protecting development lifecycle data. Also in June 2025, Rubrik successfully raised $1 billion through a convertible senior notes offering. The company plans to use the net proceeds of approximately $980 million for debt repayment, future acquisitions, and general corporate purposes, providing significant financial flexibility for continued growth initiatives. This capital raise positions Rubrik with substantial resources to pursue additional strategic acquisitions and expand its AI-powered cyber resilience capabilities in a rapidly consolidating market. Looking ahead, analysts project continued improvement in Rubrik's earnings. For the current quarter, the average earnings estimate stands at a loss $0.71 per share, showing a projected 26.80% improvement compared to the prior-year loss of $0.97. The next quarter is expected to see further improvement with an estimated loss of $0.66, narrowed from $0.70. Analysts are very optimistic about Rubrik's future, with 21 analysts surveyed giving it a consensus 'Strong Buy' rating. The average price target is approximately $108, which implies about 27% upside from its current price. Based on its financial performance, strategic positioning, and market opportunity, the stock presents a compelling buy opportunity for investors seeking exposure to the rapidly growing cybersecurity industry. Personally, I believe Rubrik shares are headed higher over the next 6-12 months. The company's strong Q1 2025 results, strategic acquisitions that enhance AI capabilities, and a $1 billion war chest for continued expansion create a favorable risk-reward profile. While the stock has already had a nice run, the 27% upside implied by analyst targets feels achievable given the company's execution track record and the massive tailwinds in cybersecurity. On the date of publication, Ebube Jones did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
25 minutes ago
- Yahoo
American Express Announces 2025 Preliminary Stress Capital Buffer Requirement
NEW YORK, July 01, 2025--(BUSINESS WIRE)--American Express Company (NYSE: AXP) today announced that the Federal Reserve set the company's preliminary Stress Capital Buffer ("SCB") requirement at 2.5 percent, effective October 1, 2025 through September 30, 2026, based on the results of the 2025 Comprehensive Capital Analysis and Review process. This is the minimum SCB requirement under the applicable regulations and is consistent with American Express' previously disclosed SCB in effect through September 30, 2025. "The results of this year's stress test once again reaffirmed our strong capital position and the earnings power of our resilient business model," said Christophe Le Caillec, Chief Financial Officer. "We remain focused on executing our disciplined capital allocation strategy, prioritizing investments in our business to drive sustainable long-term growth, while maintaining a strong balance sheet and returning excess capital to our shareholders." As previously disclosed, American Express increased its quarterly dividend on common shares by 17 percent to $0.82 per share beginning with the first quarter 2025 dividend declaration, and returned $5.4 billion of capital to shareholders via share repurchases during the 12 months ended March 31, 2025. The SCB requirement is subject to final confirmation by the Federal Reserve, which is expected by August 31, 2025. ABOUT AMERICAN EXPRESS American Express (NYSE: AXP) is a global, premium payments and lifestyle brand powered by technology. Our colleagues around the world back our customers with differentiated products, services and experiences that enrich lives and build business success. Founded in 1850 and headquartered in New York, American Express' brand is built on trust, security, and service, and a rich history of delivering innovation and Membership value for our customers. With a hundred million merchant locations on our global network in around 200 countries and territories, we seek to provide the world's best customer experience every day to a broad range of consumers, small and medium-sized businesses, and large corporations. For more information about American Express, visit and CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements, which are subject to risks and uncertainties, contain words such as "expect," "intend," "plan," "aim," "will," "may," "should," "could," "would," "continue" and similar expressions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. Actual results may differ from those set forth in the forward-looking statements due to a variety of factors, including those described in American Express' Annual Report on Form 10-K for the year ended December 31, 2024 and its other reports filed with the SEC. The company undertakes no obligation to update or revise any forward-looking statements. Source: American Express Company Location: Global View source version on Contacts Media:Amanda Miller, +1.408.219.0563Deniz Yigin, +1.332.999.0836 Investors/Analysts:Kartik Ramachandran, +1.212.640.5574Amanda Blumstein, +1.212.640.5574 Sign in to access your portfolio
