L&T Technology Services share price hits 52-week high on tie-up with NVIDIA & Mavenir
Published On: Wednesday, November 17, 2021 | By: Team KnowMyStock
L&T Technology Services Limited announced that it has been selected as an engineering partner by Mavenir and NVIDIA, to accelerate the adoption of the industry’s first converged AI-on-5G. Shares of the engineering services company L&T Technology Services Ltd surged almost 6% to Rs 5,682 a piece on Wednesday, touching its 52-week high value. The company will support Mavenir with customization, integration, and deployment of AI applications for deployment on NVIDIA’s AI-on-5G Platform. AI is already transforming many industries across the globe. When combined with the power of 5G networks, the two technologies will enable powerful new use cases in a quick, secure, and cost-effective manner.NVIDIA’s AI-on-5G platform is a unified platform that brings together developments at the edge to accelerate the digital transformation of enterprises across all industries.
In this project, the two technologies 5G and Artificial Intelligence will be linked together to significantly improve the performance of solutions and applications, while reducing the complexities and time involved in processing huge amounts of data in real-time, securely, and cost-effectively.
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