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L&T Technology Services share price hits 52-week high on tie-up with NVIDIA & Mavenir

The company will support Mavenir with customisation, integration and deployment of AI applications on NVIDIA’s AI-on-5G platform

November 17, 2021 / 11:03 AM IST
 
 
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L&T Technology Services share price touched a 52-week high of Rs 5,508.70, adding more than 2 percent intraday on November 17, after the company was chosen by NVIDIA and Mavenir as its engineering partner.

"L&T Technology Services has been selected as an engineering partner by Mavenir and NVIDIA, to accelerate the adoption of the industry’s first converged AI-on-5G," the company said in a release.

The company will support Mavenir with customisation, integration and deployment of AI applications for deployment on NVIDIA’s AI-on-5G Platform

AI is already transforming many industries across the globe. When combined with the power of 5G networks, the two technologies would enable powerful new use cases in a quick, secure, and cost-effective manner, it said.

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"5G and AI are two inseparably linked technologies— both poised to significantly improve the performance of applications and solutions and enabling huge amounts of data to be processed in real-time," said Abhishek Sinha, Chief Operating Officer & Member of the Board, L&T Technology Services.

At 10.36 am, L&T Technology Services was quoting at Rs 5,505.00, up Rs 135.80, or 2.53 percent, on the BSE.
Moneycontrol News
first published: Nov 17, 2021 11:03 am

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