Hitachi And Microsoft Enter Milestone Agreement To Accelerate Business And Social Innovation With Generative AI
Microsoft News, Monday, June 3rd, 2024
Three-year, projected multibillion-dollar strategic partnership will focus on creating innovative industry solutions that deliver transformative outcomes for businesses and society
Hitachi Ltd. (TSE:6501) and Microsoft Corp. announced a projected multibillion-dollar collaboration over the next three years that will accelerate social innovation with generative AI. Through this strategic alliance, Hitachi will propel growth of the Lumada business, with a planned revenue of 2.65 trillion yen (18.9 billion USD)*1 in FY2024, and will promote operational efficiency and productivity improvements for Hitachi Group's 270,000 employees.