04.06.2024 08:22:17 - dpa-AFX: Hitachi, Microsoft Announce Collaboration
REDMOND (dpa-AFX) - Hitachi (HTHIF.PK, HTHIY.PK) and Microsoft announced a
projected multi-billion dollar collaboration over the next three years. Through
the alliance, Hitachi will propel growth of the Lumada business, with a planned
revenue of 2.65 trillion yen in fiscal 2024. Hitachi will embed the Microsoft
cloud, Azure Open AI Service, Dynamics 365, Copilot for Microsoft 365 and GitHub
Copilot into their Lumada Solutions to accelerate growth of the Lumada business.
'Hitachi has been driving transformation by applying AI across the Hitachi Group
to improve productivity and will invest 300 billion yen in GenAI to capture new
growth
opportunities in fiscal 2024,' said Keiji Kojima, President and CEO of Hitachi.
As part of the partnership, Hitachi will incorporate training provided by
Microsoft into Hitachi's training. Also, Hitachi will train more than 50
thousand GenAI Professionals.
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