On June 15, HCL Technologies traded higher after it expanded its calculated partnership with Google Cloud to develop generative artificial intelligence (AI) solutions.

HCL Technologies and Google Cloud proclaimed that expanding their strategic partnership would help the firm leverage generative AI and develop joint solutions, the company said.

HCL uses Google Cloud’s large language models (LLMs) for generative AI capabilities across three industries, enterprise functions, innovation and technology modernisation domains.

Its AI platforms and solutions will utilise Google Cloud’s enterprise generative AI products and services, Vertex AI, Model Garden and Generative AI App Builder, and Generative AI Studio, along with the fundamental LLMs that power these Google Cloud AI innovations.

HCL will establish a Google Cloud Generative AI Center of Excellence (GenAI CoE) to advance joint solutions allowing clients to unlock the data value and apprehend the full potential of generative AI.

The HCL introduced a test lab in Chennai to allow global telecom infrastructure Original Equipment Manufacturers (OEMs) to examine and validate 5G solutions.

Foreign research and broking firm Citi have a “neutral” rating on the stock with a target price of Rs 1,035 per share. According to Citi, the company witnessed 4 big potential opportunities in the Generative AI field — rapid engineering, data engineering, integration & orchestration and responsible AI.
At 9:30 am, HCL Technologies was trading at Rs 1,143.85, up Rs 8.15, or 0.72%, on the BSE.