DXC Technology and Ferrovial to Co-create New Generative Artificial Intelligence Platform
DXC Technology (NYSE: DXC), Ferrovial (NASDAQ: FER), and Microsoft have announced a collaboration to develop Quercus, a generative AI platform. The platform aims to help organizations worldwide integrate secure, responsible AI solutions to enhance efficiency and profitability. DXC will standardize and commercialize Quercus, running on Microsoft Azure and OpenAI technology. Ferrovial has already implemented an early version, creating an AI virtual assistant for various business activities. This initiative is expected to revolutionize AI-supported business services, offering significant competitive advantages for users.
- DXC, Ferrovial, and Microsoft collaboration to develop Quercus, a generative AI platform.
- Quercus aims to help organizations integrate AI solutions to improve efficiency and profitability.
- DXC will standardize and commercialize Quercus for global customers, reducing the time for bespoke AI solutions.
- The platform will run on Microsoft Azure and OpenAI technology, ensuring robust infrastructure support.
- Ferrovial has started using Quercus for key business activities, enhancing internal operations and market offerings.
- The initiative is expected to provide users with significant competitive advantages.
- No specific financial figures or revenue projections provided, leaving uncertain the direct financial impact on DXC.
- The success of Quercus depends on widespread adoption and effective integration, which carries inherent risks.
Insights
The collaboration between DXC Technology, Ferrovial and Microsoft to develop the Quercus generative AI platform represents a significant stride in the AI landscape. Generative AI, which involves algorithms that can create new content, such as text, images, or even designs, has transformative potential across various industries. By leveraging Microsoft's Azure and OpenAI technology, Quercus aims to integrate AI solutions into critical business operations, enhancing efficiency and profitability. The initiative to standardize the platform for global customers simplifies the process of deploying AI solutions, thereby accelerating innovation and providing a competitive edge. This approach also allows for scalable AI adoption, particularly beneficial for companies looking to automate and optimize their processes rapidly.
One key aspect to monitor will be the actual implementation and customization for different industries. While the promise is substantial, the real-world application will determine its success. It's also important to assess the platform's security and ethical considerations, given the growing concerns around AI's impact on privacy and fairness.
This partnership is strategically advantageous for all parties involved. For DXC Technology, it positions the company at the forefront of AI innovation, potentially boosting its market share in the tech services industry. Ferrovial benefits by transforming its operations and enhancing its market offerings, which may lead to improved operational efficiencies and business value. The inclusion of Microsoft lends the collaboration considerable credibility and technological support. From a market perspective, investors should note that effective commercialization and customer adoption of Quercus will be critical in driving revenue growth for these companies.
It's also worth considering the broader market trend towards AI and automation. As industries continue to seek ways to enhance productivity and efficiency, platforms like Quercus could see increased demand. However, potential investors should remain cautious of the competitive landscape and the pace at which Quercus can be scaled and adopted across various sectors.
Quercus will help organizations adopt Generative AI to accelerate innovation and optimize business processes
Quercus, which uses platform engineering principles as its foundations, will help organizations around the world to integrate secure, responsible AI solutions throughout their business operations to automate processes for improved profitability and efficiency.
DXC will standardize Quercus and offer it as an innovative AI solution for its global customers, tailoring the platform to meet individual customer needs. This will reduce the time required to create bespoke AI solutions and empower organizations to be more agile in deploying and realizing the benefits of generative AI to gain a significant competitive advantage in their industries.
Together, the three organizations will also accelerate and scale the adoption of generative AI as part of Ferrovial's transformation to improve its internal operations and market offerings.
DXC will be responsible for evolving, maintaining, and commercializing Quercus, which will run on Microsoft's Azure and OpenAI technology.
"This agreement marks a milestone in the advancement of AI-supported business services. Our unique collaboration with Ferrovial and Microsoft promises to revolutionize the way technology solutions are developed and applied within generative AI. We are confident Quercus will provide value to our customers and give them a significant competitive advantage in the market," said Howard Boville, Executive Vice President, Consulting & Engineering Services at DXC Technology.
Ferrovial has begun to implement an early version of the Quercus platform for its customers, creating an AI virtual assistant to support key business activities including human resources, health & safety, tenders, and cybersecurity intelligent agents.
"With DXC and Microsoft, we aim to roll out this platform widely across the market to optimize processes, generate designs, simplify applications for employee's health and safety, and, generally, improve operations," said Dimitris Bountolos, CIIO of Ferrovial. "It will also enable us to accelerate the transformation of our own operations and has already helped us to evolve our AI market offering from a project-based approach to industrialized capabilities that foster greater innovation and business value."
Quercus will be able to integrate with mission critical business systems and coordinate with other generative AI models to maximize its potential performance impact for customers.
"Microsoft has strategic relationships with both Ferrovial and DXC, and we are very pleased to work with both companies on this initiative based on our Responsible AI technology. To ensure that the technology is integrated into our society both effectively and ethically, we believe that AI solutions must be designed and deployed bearing in mind critical aspects such as security, privacy, reliability, fairness, inclusiveness, accountability and transparency," said Alberto Granados, President of Microsoft Spain.
All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements." These statements represent current expectations and beliefs, and no assurance can be given that the results described in such statements will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. For a written description of these factors, see the section titled "Risk Factors" in DXC's upcoming Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and any updating information in subsequent SEC filings. No assurance can be given that any goal or plan set forth in any forward-looking statement can or will be achieved, and readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this report or to reflect the occurrence of unanticipated events except as required by law.
DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world's largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.
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SOURCE DXC Technology Company
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