Japanese conglomerate Hitachi Ltd. (OTC:HTHIF) and Microsoft Corp (NASDAQ:MSFT) have unveiled a projected multi-billion dollar collaboration spanning the next three years, aimed at propelling social innovation with generative AI.
The strategic alliance seeks to enhance Hitachi’s Lumada business, targeting revenue of ¥2.65 trillion ($18.9 billion) in FY2024.
“Hitachi has been driving transformation by applying AI across the Hitachi Group to improve productivity and will invest 300 billion yen?2.1 billion USD) in GenAI to capture new growth opportunities in FY2024,” said Keiji Kojima, president and CEO of Hitachi.
The collaboration entails Hitachi integrating Microsoft cloud services, including Azure Open AI Service and Dynamics 365, into Lumada solutions.
Together, they aim to address industry challenges ...