L&T Technology Services announced a partnership with NVIDIA to develop software-defined architectures for medical devices focused on endoscopy, resulting in a 2% gain on Monday. This collaboration aims to improve the image quality and scalability of medical products.
The platform created by L&T Technology Services supports multiple applications and serves as a real-time decision-making tool for the medical industry. It addresses challenges related to availability, cost, and dependency on custom and proprietary hardware components.
The architecture includes an image processing pipeline that reduces noise, improves edge and contrast, enhances texture and color, and corrects speckles. Additionally, it integrates Artificial Intelligence/Machine Learning models for detecting, identifying, and classifying polyps commonly found during colonoscopies.
Shanker Trivedi, Senior Vice President of Enterprise Business at NVIDIA, stated that the collaboration offers a complete solution for clients seeking to transition to a software-defined business model with real-time AI applications.
In October, Amit Chadha, the Managing Director and CEO of L&T Technology Services, revealed plans to hire 2,000 freshers this year, with over 1,000 already onboard and the remainder expected to join in the next two quarters. The company reported a 1.4% sequential increase in net profit and a 3.7% sequential growth in revenue for the September quarter of FY24.
At 10:33 AM on BSE, shares of L&T Technology Services were trading 1.49% higher at ₹4,520 apiece.