On Monday, L&T Technology Services gained over 2% after announcing a partnership with NVIDIA to develop software-defined architectures for medical devices focused on endoscopy. The collaboration aims to enhance the image quality and scalability of products within the medical industry.
L&T Technology Services highlighted the architecture’s image processing pipeline, which includes features for noise reduction, edge and contrast improvement, texture and color enrichment, and speckle correction. The partnership also includes the development of Artificial Intelligence/Machine Learning models to detect, identify, and classify polyps, which are abnormal growths often found during colonoscopies.
The solution aims to provide low-latency data transfer and superior image processing without performance bottlenecks, enhancing the overall experience for customers. Shanker Trivedi, Senior Vice President of Enterprise Business at NVIDIA, emphasized that the collaboration offers a comprehensive solution for customers seeking to transition to a software-defined business model through real-time AI applications.
In October, Amit Chadha, the Managing Director and CEO of L&T Technology Services, revealed the company’s plan to recruit 2,000 freshers this year. Over 1,000 new hires have already been onboarded, with the remaining set to join in the upcoming quarters. Financially, in the September quarter of FY24