Ericsson says increasing Artificial intelligence investments in India; to ramp up hiring

NEW DELHI: Swedish telecom gear maker Ericsson said that it is increasing its Artificial Intelligence-related investments in India along with Sweden and the US to boost its managed services business. It is also aggressively hiring engineers to support its Artificial Intelligence and automation efforts in the country.

“We have a lot of development happening in India and we are now betting on three centers — Silicon Valley, Sweden, and India — worldwide, what we call the global AI accelerators. It is super important for us that we increase AI investments and we are doubling down on India, Sweden, and Silicon Valley,” Peter Laurin, Head of Managed Services at Ericsson, told ET in an exclusive interaction.