3i Infotech’s shares experienced a significant surge of 3.65 percent, reaching Rs 34.91, during early trade on June 14. The boost came following an announcement from the IT firm’s subsidiary regarding a collaboration with SRM Valliammai Engineering College in Chennai. The partnership aims to establish an artificial intelligence (AI) lab on the college’s campus. Acting as the accelerator and transformation partner for 3i Infotech, NuRe FutureTech, the company’s wholly-owned subsidiary, signed a Memorandum of Understanding (MoU) with the Department of Computer Science at SRM Valliammai Engineering College. The MoU signifies a commitment to leverage the expertise of both entities to foster advancements in AI technology. This strategic initiative underscores 3i Infotech’s dedication to innovation and highlights its commitment to nurturing AI talent through collaborative ventures.
The joint venture between 3i Infotech’s subsidiary, NuRe FutureTech, and SRM Valliammai Engineering College in Chennai sets forth an ambitious goal of establishing an extraordinary AI lab on the college campus. This groundbreaking initiative aims to cultivate an environment where innovation thrives and cutting-edge research takes place. By joining forces, both partners anticipate reaping significant mutual benefits, including the exchange of knowledge and expertise, exploration of research opportunities, and fostering academic growth. This collaboration symbolizes a shared commitment to pushing the boundaries of AI technology and nurturing the next generation of AI professionals. Through this partnership, the institute and 3i Infotech’s subsidiary aspire to make meaningful contributions to the field of artificial intelligence, unlocking its potential to revolutionize various industries and improve the overall quality of life.
During the initial months of 2022, 3i Infotech made a significant move by inaugurating its office at the prestigious IIT Madras Research Park in Chennai. This strategic step aimed to create FutureTech business labs, focusing on developing and exploring next-generation technologies. The establishment of these labs underlined 3i Infotech’s commitment to staying at the forefront of technological advancements and fostering innovation. By setting up its presence at the IIT Madras Research Park, the company aimed to leverage the rich academic and research ecosystem of one of India’s premier engineering institutes. This collaboration between 3i Infotech and IIT Madras aimed to foster a synergistic relationship, enabling the exploration of emerging technologies, conducting cutting-edge research, and nurturing talent in a collaborative environment. The establishment of FutureTech business labs at the IIT Madras Research Park solidified 3i Infotech’s position as a forward-thinking organization, ready to embrace the opportunities presented by the rapidly evolving tech landscape.
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