Capgemini, the information technology (IT) conglomerate headquartered in France, has acquired WNS Global Services in a $3.3 billion deal that sees the company pivot more heavily into generative and agentic artificial intelligence (AI) in its business strategy. Capgemini was originally a data processing company founded by Sergei Kampf in 1967. The company was originally named Sogeti and went through numerous changes over the years before finally settling in on the Capgemini brand in 1996. 

WNS Global Services originated as an offshoot of British Airways in 1996, before becoming a fully independent organization following a buyout in 2002. WNS has since developed into a multi-national corporation in its own right, with branches opened in India and Sri Lanka. 

Capgemini and WNS announce a pivot towards AI   

Capgemini’s acquisition of WNS is an attempt at consolidating the company’s market position, along with leaning more heavily into AI technology. As the firm’s CEO, Aiman Ezzat, put it: 

“Enterprises are rapidly adopting Generative AI and Agentic AI to transform their operations end-to-end. Business Process Services will be the showcase for Agentic AI. Capgemini’s acquisition of WNS will provide the Group with the scale and vertical sector expertise to capture that rapidly emerging strategic opportunity created by the paradigm shift from traditional BPS to Agentic AI-powered Intelligent Operations.” 

While generative AI has already become a worldwide phenomenon thanks to the emergence of advanced chatbots such as ChatGPT, agentic AI aims to be even more autonomous, with efforts being underway to implement agentic AI in products such as self-driving cars and virtual assistants. WNS has been in the midst of an AI pivot for some time now, with the company acquiring software firm Kip.ai in March of this year. 

This acquisition shows that the AI gold rush is not slowing down   

Capgemini’s acquisition is indicative of a larger trend towards corporate consolidation alongside heavy investment in these much-hyped AI technologies, which promise to ramp up efficiency and get more accomplished with less time and human effort. 

This AI gold rush has not come without controversy, however, with many blaming corporate leadership for using AI investment as a pretext to cut down on the labor force. However, the larger trend of corporations pivoting towards AI shows no signs of stopping anytime soon.

For more news and current affairs from around the world, please visit Indiatimes News.

Read more
This crypto share surged 200% after Peter Thiel's surprise investment
Newspoint
Brits horrified after seeing 'English fry up' that's served at Harry Potter land
Newspoint
Tricky new questions learner drivers will need to answer in theory test
Newspoint
ED files prosecution complaint against Al Kabeer Exports in money laundering case
Newspoint
The career reinvention that made Robert Downey Jr. unstoppable
Newspoint
Yeh Rishta Kya Kehlata Hai actress Niyati Joshi announces her exit from the show; says 'Nothing lasts forever'
Newspoint
Ross Geller's dinosaur obsession that made 'F.R.I.E.N.D.S' legendary
Newspoint
After Bihar deputy CM, mayor caught having 'twin voter IDs'
Newspoint
Smart tips to avoid PAN card renewal mistakes
Newspoint
Drink these homemade juice on an empty stomach – Obnews
Tezzbuzz