Infosys Collaborates with University of Cambridge to Establish an AI Lab in London, Unveils New and Expanded Living Lab to Accelerate Innovation for Enterprises

Rhea-AI Summary

Infosys (NSE, BSE, NYSE: INFY) has unveiled expanded Living Labs in London's Canary Wharf and announced a collaboration with the University of Cambridge to establish a new AI Lab. The Living Labs, part of a global network of 12 centers, will focus on Enterprise AI, featuring Infosys Topaz and Cobalt solutions to accelerate innovation and digital transformation for clients.

The new facilities are housed in a 25,000 sq. ft. state-of-the-art premises with capacity for 200 employees, designed with biophilic principles and awarded a Gold SKA Rating for sustainability. The collaboration with Cambridge University aims to combine Infosys' industry expertise with the university's research capabilities to address real-world challenges.

Positive

• Strategic expansion with new 25,000 sq. ft. facility in London's key financial district
• Establishment of AI Lab through collaboration with prestigious University of Cambridge
• Enhancement of service offerings through Living Labs network expansion
• Increased operational capacity with space for 200 employees

Negative

• None.

Insights

Market Research Analyst

This collaboration marks a strategic expansion in the UK market, with Infosys establishing a significant presence through its 25,000 sq. ft. facility in London's Canary Wharf. The Living Labs initiative, combined with the University of Cambridge AI Lab partnership, positions Infosys to capture growing enterprise demand for AI and digital transformation services in the UK market.

The investment aligns with the UK government's focus on AI development and digital innovation, supported by recent £63 billion international investment commitments. The facility's location in Canary Wharf, a prime financial district, strategically positions Infosys to serve major banking and financial services clients while expanding its European delivery capabilities for 200 employees.

The sustainability focus with Gold SKA Rating enhances corporate reputation and aligns with ESG-conscious client preferences, potentially driving new business opportunities in the region.

LONDON, Oct. 23, 2024 /PRNewswire/ -- Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today unveiled its new and expanded Living Labs, part of a network of over 12 established centres globally, to help clients accelerate innovation and leverage emerging technologies for future-proofing their business. Infosys also announced a collaboration with University of Cambridge to establish a new AI Lab, aimed at harnessing the power of AI to drive positive impact for clients, academia, and students. United Kingdom's Minister for Digital Government and AI, Feryal Clark, University of Cambridge's Head of Department of Applied Mathematics and Theoretical Physics, Professor Colm-cille Caulfield, and over 100 attendees including clients, and partners marked the opening of the Living Labs with a tour of the facility and a live demonstration of its capabilities.

The Infosys Living Labs located in London's world-renowned banking district of Canary Wharf will enable a confluence of digital technologies, business insights and human experience for clients and partners. A hub for innovation activities, it will help leverage solution accelerators, digital experiences, frameworks, and industry solutions to ideate, prototype, and test breakthrough ideas. A key focus at the Living Labs will be Enterprise AI, where clients can witness AI-driven digital transformation in action. This includes  Infosys Topaz, an AI-first offering using generative AI technologies, and Infosys Cobalt, a cloud-powered solution that supports enterprises in building robust and scalable digital architectures. By offering interactive demonstrations, workshops, and personalized consultations, Infosys Living Labs will help organizations envision and implement their digital transformation strategies.

The education and research collaboration with University of Cambridge to establish a joint AI Lab will draw from Infosys' industry expertise and practical application of AI as well as Cambridge University's world-class education and research capabilities to help address real-world challenges. This new lab will also be a catalyst for cutting-edge research and innovation initiatives.

The London Living Labs and the AI Lab are housed within Infosys' new state-of-the-art premises spread over 25,000 sq. ft. with a capacity for 200 employees. Designed using biophilic principles, the new workplace seamlessly blends adaptive and modular design and sustainable practices to create a truly modern environment offering a range of creative and collaborative spaces. The premises have also received a Gold SKA Rating, the highest standard, in recognition of the facility meeting the most rigorous sustainability criteria focusing on energy efficiency, water use, waste management, and environmental impact. The office marks an important milestone in Infosys' journey of over 25 years in the UK.

Tarang Puranik, EVP and Head of Delivery for Europe, Infosys, said, "Our Living Labs in London will help enterprises adapt to rapidly changing business cycles and accelerate their digital transformation journey with strategic innovations leveraging Infosys Topaz and Infosys Cobalt. London is a melting pot of some of the world's most forward-thinking and disruptive companies, and our commitment to be a major part of its technological evolution is outlined in this significant investment through our new state-of-the-art collaborative workspace, the launch of Infosys Living Labs and our AI Lab in collaboration with the University of Cambridge."

Minister for Digital Government and AI, Feryal Clark, said, "We are putting the potential of AI at the heart of our plans to kickstart growth in the economy. I saw first-hand how Infosys' new London base will support organisations and researchers to get the most out of this technology, fuelling the new innovations which will deliver change for people up and down the country.

Our recent International Investment Summit secured £63 billion of investment from across the globe and this is further proof that we're continuing to go from strength to strength as a place to do business. By making the UK a magnet for investment, we're delivering on our promise to ensure British businesses are equipped with the backing they need for the long-term so they can fully embrace the tech revolution."

Colm-cille Caulfield, Head of Department of Applied Mathematics and Theoretical Physics, and Co-Chair, Cambridge Centre for Data-Driven Discovery, University of Cambridge, said, "For centuries, Cambridge has been at the forefront of research in the mathematical sciences, and is playing a globally leading role in innovating, understanding and applying data-driven techniques such as AI for the benefit of humanity.  Our culture of open multi-disciplinary enquiry, with deep coupling between research, education, and real-world impact, resonates well with Infosys, and we are delighted to strengthen our collaboration through this new AI Lab. Together, we have a great opportunity to push back the boundaries of knowledge, identifying new ways to harness the opportunities that AI brings to disruptive advances in science, in business, and in society. We can't wait to get to work."

About Infosys

Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.

Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

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SOURCE Infosys

FAQ

What is the size of Infosys (INFY) new London facility?

Infosys' new London facility is 25,000 sq. ft. with a capacity for 200 employees.

What is the purpose of Infosys (INFY) Living Labs in London?

The Living Labs will help clients accelerate innovation, leverage emerging technologies, and implement digital transformation strategies through Enterprise AI solutions like Infosys Topaz and Cobalt.

What is Infosys (INFY) collaboration with University of Cambridge?

Infosys is collaborating with University of Cambridge to establish a new AI Lab that combines Infosys' industry expertise with Cambridge's research capabilities to address real-world challenges.

What sustainability rating did Infosys (INFY) London office receive?

The Infosys London office received a Gold SKA Rating, the highest standard, for meeting rigorous sustainability criteria in energy efficiency, water use, waste management, and environmental impact.