Tech Mahindra partners with SpaceXSI to expand AI-led software modernization
As enterprises increase spending on artificial intelligence to update aging technology systems, Tech Mahindra is adding a new partnership aimed at faster software development. The Indian IT services company says the tie-up with SpaceXSI will target clients in sectors including technology, telecommunications, and banking and financial services.
Highlights
- Tech Mahindra announces a partnership with SpaceXSI to deploy AI for legacy application modernization and faster software development across multiple sectors.
- Tech Mahindra will integrate the chatbot Grok Build to deliver customized, industry-specific solutions for clients in technology, telecom, and financial services.
- The agreement expands Tech Mahindra's AI collaborations beyond Google Gemini and Microsoft, and represents the first Indian IT partnership with SpaceX's AI division.
Partnership adds new AI development tools
As reported by Reuters, Tech Mahindra said on Thursday that it has partnered with SpaceXSI to use artificial intelligence to help companies modernize legacy applications and accelerate software development.India's fifth-largest IT services firm also says it will bring in chatbot Grok Build to create industry-specific solutions. The collaboration is focused on supporting organizations across key sectors such as technology, telecommunications, and banking and financial services.
Move strengthens Tech Mahindra's AI offerings
The agreement adds to Tech Mahindra's existing AI partnerships with Google Gemini and Microsoft, broadening the company's set of tools for enterprise software transformation.The deal also marks the first time an Indian IT major is collaborating with the AI division of rocket maker SpaceX, underscoring growing competition among technology service providers to embed generative AI into client modernization projects.
In our earlier coverage of Wipro’s second-quarter results, we noted that the company beat revenue expectations as European client spending showed signs of recovery. We also highlighted that AI-related services are starting to create new revenue streams for major Indian IT providers alongside traditional outsourcing work.
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