With 75 issued and pending patents, the lab
will launch with a team of dedicated AI researchers and developers;
focus will be on research, innovation and production of
cutting-edge AI systems
TEANECK,
N.J., March 7, 2024 /PRNewswire/ --
Cognizant (Nasdaq: CTSH), a leading global
technology company, today announced the launch of an Advanced
Artificial Intelligence (AI) Lab. The lab, based in San Francisco, will focus on advancing the
science and practice of AI through innovation and development of
intellectual property and AI-enablement technologies. Staffed by a
team of researchers and developers, including AI pioneers and PhDs,
the lab will collaborate with research institutions, customers, and
startups and already has 75 issued and pending patents that provide
a differentiated foundation on which to build cutting edge AI
solutions. The lab is part of the commitment Cognizant announced
last year to invest $1 billion in
generative AI (gen AI) over the next three years.
The launch of Cognizant's Advanced AI Lab comes at a time when
enterprises are rapidly working to understand the impact of AI and
meet expanding expectations around its promise. Recent research has
shown more than half (66 percent) of executives are ambivalent or
dissatisfied with their company's progress on AI and gen AI, and
most executives (85 percent) plan to increase spending on AI and
gen AI in 2024. Longer term, Cognizant and Oxford Economics' recent
study found gen AI could inject up to $1
trillion to the U.S. economy by 2032.
"As AI rapidly evolves into mainstream use, Cognizant is
continually pushing boundaries through strategic partnerships,
training programs and platform investments to be an AI-first
company," said Cognizant CEO Ravi Kumar
S. "With the launch of Cognizant's Advanced AI Lab, we're
progressing this effort by investing in state-of-the-art core AI
research that establishes our position at the forefront of
innovation and our industry. Because we own the client solutioning
relationship from end to end, we have a unique line of sight into
businesses, industries, and their AI needs. We're putting dedicated
focus on AI research and development to lay the groundwork for
better business outcomes and a better future."
By harnessing the power of Large Language Models (LLMs) as
capable knowledge workers, the lab's researchers and developers
will use the Cognizant Neuro™ AI platform to orchestrate LLMs into
decision-making AI systems that can positively impact and optimize
business outcomes. Moving beyond simple prompt engineering and
fine-tuning, these customized AI applications will be designed to
support higher value outcomes -- from strategic board-level
business decisions to enterprise operations including financial,
sales, product, and IT support, to day-to-day productivity of
individual employees.
"Cognizant's Advanced AI Lab is an important partner for us in
the research community, and we've been fast at work with them
already working on simulating brain dynamics in healthy and patient
populations," said Dr. Manish
Saggar, Assistant Professor and Director of Brain Dynamics
Lab at Stanford University School of
Medicine. "I'm excited about the progress we're making together, as
well as its potential impact on not only advancing science but also
for developing novel interventions for mental health
disorders."
Specifically, Cognizant's Advanced AI Lab will focus on the
following areas:
- Researching, designing, evaluating, building, and showcasing
innovative AI solutions for business productivity and decision
making across various domains
- Collaborating with external stakeholders, including research
institutions, customers, and startups, and engaging in AI-for-good
research projects
- Evangelizing gen AI-enabled decision-making solutions globally,
and strengthening Cognizant as a knowledge hub for published,
peer-reviewed research on AI
- Partnering across Cognizant's business lines and practices to
train and upskill associates on new AI solutions as they become
available through the Cognizant Neuro™ AI platform
- Fostering an environment of continuous learning, innovation,
and knowledge sharing
The lab will be led by AI entrepreneur and inventor,
Babak Hodjat, with AI research
activities under the supervision of University
of Texas at Austin AI Professor and neuroevolution pioneer,
Risto Miikkulainen. In just the last year, their team of
researchers and developers have already published 14 papers in
academic venues, and they received the Best Pathway to Impact Award
at the NeurIPS 2023 Climate Change Workshop for the paper,
Discovering Effective Policies for Land-Use Planning.
In addition to the launch of Cognizant's Advanced AI Lab,
Cognizant is supporting enterprise AI adoption through its AI
Innovation Studios in London,
New York, San Francisco, Dallas, and Bengaluru. These studios serve as
inspiration and co-innovation spaces that bring clients and
associates together to identify and collaborate on new business
solutions.
Cognizant is dedicated to maintaining the highest standards for
responsible and ethical AI, focusing on safety, security, privacy,
transparency, and inclusion. For additional details on Cognizant's
approach to gen AI and the company's commitment to responsible AI,
visit here. Cognizant also develops research and
insights that help leaders make informed decisions to fuel their
companies' success. In partnership with Oxford Economics, Cognizant
recently published a study on the economic impact of AI, "New
World, New Work," and intends to release further research on AI's
impact on productivity, tasks, skills, jobs and occupations.
About Cognizant
Cognizant (Nasdaq: CTSH) engineers
modern businesses. We help our clients modernize technology,
reimagine processes and transform experiences so they can stay
ahead in our fast-changing world. Together, we're improving
everyday life. See how at www.cognizant.com or
@cognizant.
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SOURCE Cognizant