Tredence puts 10% revenues to develop GenAI capabilities: CEO Shub Bhowmick

Data science company Tredence is investing 10% of its annual revenues in developing GenAI and advanced AI capabilities across engineering, customer experience, machine learning operations, supply chain and other functions in the data analytics domain.

By enabling enhanced productivity and new business streams, the San Jose-based startup is looking to grow its revenues by 40-50% in 2024, CEO Shub Bhowmick told ET.

"We are building AI language models by fine-tuning some foundational models such as Meta's Llama series and Anthropic's Claude," Bhowmick said. "These models need not be large in size...we are using public and proprietary data of our customers to create agents to serve their unique needs in sectors such as retail, consumer goods, healthcare, telecom, banking and financial services, manufacturing, etc."


He added that the company is making sizeable investments in R&D to develop advanced AI capabilities for enhancing developer productivity.