On June 22, LTIMindtree Limited shares jumped nearly 1.2% in early trade post launching an enterprise-ready generative AI platform Canvas.ai. At 9:24 am, the LTIMindtree share traded 0.29% higher at Rs 5014.01 on NSE.

According to a BSE filing with BSE, the technology consulting and digital solutions firm launched Canvas.ai, an enterprise-ready generative AI platform intended to accelerate the concept-to-value journey for businesses using AI principles. The platform allows clients to build, manage and adapt generative AI solutions sensibly.

The filing further mentioned that “Canvas.ai is among the first-of-its-kind platform calculated to help enterprises jump-start and scale generative AI skills, boosting business innovation and engineering output. Leveraging a well-architected framework and sound governance events, Canvas.ai effectively accomplishes proprietary and industry-specific data while factoring in its ethical use, sustainability, privacy and security. The architecture of Canvas.ai caters to the business supplies of three key personas – creators who build the generative AI solutions, admins who manage, and users who adapt ruled generative AI solutions.”

LTIMindtree Limited stock gave a return of 14.22% over the last six months. Thus, greatly outperforming the benchmark Nifty50 index, which has given a return of 4.02%.