Wipro Limited has announced the launch of its latest Innovation Studio in Austin, TX. It will leverage Wipro’s deep reservoir of IPs, patents, and innovation DNA and will draw from a diverse portfolio of transformative technologies including artificial intelligence, 5G, mixed reality/metaverse, blockchain, tokenization, multi cloud & edge computing, crowdsourcing, and robotics in collaboration with leading technology partners to experiment new solutions and serve clients.

“For decades, Wipro has been accelerating innovation throughout the global technology industry. With an objective to provide an innovation hub and think tank for partners and clients, our Innovation Studio will be the foundation to co-develop high quality technology solutions for advanced digital engineering, cyber security leveraging Java Full Stack, Cloud, Snowflake, and S/4HANA technologies, amongst others. The Studio will provide our clients a wide range of solutions, with a potential to unlock a world of possibilities for their business,” said Srini Pallia, CEO of Americas 1, Wipro Limited.

The 40,000 sq. ft. Class-A office building will provide a dynamic collaborative workplace environment with a harmonious balance of diverse work settings and amenity offerings. It will also create a fresh intake of new-age talent for hot tech skills thereby creating hundreds of new jobs locally and bringing investments from tech organizations starting from the first year itself/

Recently, JP Morgan downgraded Wipro’s stock to ‘underweight’ from ‘neutral’ in the wake of poor earnings outlook.