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Why big IT firms are buying stakes in AI startups

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Why big IT firms are buying stakes in AI startups

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From HCLTech's $150 million investment in Indian AI startup Sarvam to Accenture's investment in Within, an enterprise AI company, IT firms are backing AI companies to access new technology and offer it to their clients.

Big IT services companies are increasing their investments in artificial intelligence (AI) startups as they look to build new sources of growth. This at a time when AI is changing how software is developed and delivered.From HCLTech's $150 million investment in Indian AI startup Sarvam to Accenture's investment in Within, an enterprise AI company, IT firms are backing AI companies to access new technology and offer it to their clients.ET

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