Hot Pursuit     14-Jun-23
3i Infotech rises after arm signs MoU with Engineering College in Chennai
3i Infotech jumped 3.50% to Rs 34.91 after the company's wholly owned subsidiary, NuRe FutureTech has signed a memorandum of understanding (MoU) with the Department of Computer Science at SRM Valliammai Engineering College, Chennai.
This partnership aims to establish a path-breaking artificial intelligence (AI) Lab within the institute's campus. The collaboration will foster a mutually beneficial relationship for both the partners through promoting knowledge exchange, research opportunities, and academic growth.

The scope of this partnership will be expanded to include other departments within the college, such as Information and Technology, Artificial Intelligence and Data Science. Each batch is expected to include 50 students with faculty strength of 27 professors. The course structure will range from Level 1 - Level 4 encompassing - introduction to AI and data science, AI foundations, introduction to AI techniques, and AI in production. This will further be extended to specializations in AI in healthcare, manufacturing, agriculture, energy, communication, transportation, environment, and education.

Speaking on the alliance, Thompson P. Gnanam, MD & global CEO, 3i Infotech said, “With the world rapidly progressing towards adopting AI, it's important that an intervention of this nature between academia and industry is made paramount. While we are excited to announce this future-ready learning program, tailored for passionate and qualified students who are eager to explore the realms of AI/ML/DL research, we also strongly believe that it is important for Professors of Practice to be brought into this curriculum design to ensure ‘Campus to Corporate' is a smooth transitiomn.”

Damodharan Padmanaban, global head cognitive computing, 3i Infotech said, “The very core structure of technology will remain the same irrespective of the extent of its development over the years. The gamechanger aspect of tech will only be an enhanced problem-solving mechanism in the complex business solutions, where we can make the AI work for us instead of being overtaken by it.”

S. Ramachandran, Director Academic, SRM Group, said, “Our professors are highly regarded within the country's educational ecosystem, who are always eager to upskill and stay abreast around emerging trends and technologies. We are delighted to partner with FutureTech in setting up a next-gen innovation lab that will completely upskill and give our students a competitive advantage in the market. They will have access to essential resources such as servers, deployment support, and a suite of powerful AI developer tools.”

3i Infotech has been committed to driving business value across multiple industry verticals. The company has emerged as a leading name in propelling the current wave of digital transformation initiatives, with deep domain expertise across BFSI, healthcare, manufacturing, education, telecom, media & entertainment, retail and government sectors.

The company reported consolidated net loss of Rs 27.27 crore in Q4 FY23 as compared with net loss of Rs 3.90 crore in Q4 FY22. Net sales rose 8.4% year on year to Rs 190.46 crore in Q4 FY23.

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