"Trigyn to Launch AI Innovation Center"

Trigyn Technologies, a US-based provider of digital and intelligence solutions, has announced plans to establish an AI innovation and delivery center in Hyderabad. The new center is expected to employ over 1,000 people within the next three years. The decision was revealed following a meeting between Trigyn's top executives and Telangana Chief Minister A Revanth Reddy, along with IT and Industries Minister D Sridhar Babu, held in New York on Tuesday.

Currently, Trigyn employs approximately 100 individuals in Hyderabad, part of its global workforce of 2,500, with about 1,000 based in India. The company, which has reported total revenues exceeding $160 million, anticipates transitioning into full production mode within the next six months due to the anticipated rapid growth in AI adoption across various sectors, according to a statement from the Chief Minister’s Office.

In related news, Arcesium, an independent entity backed by the DE Shaw group and Blackstone Alternative Asset Management (BAAM), plans to expand its operations in Hyderabad. The company intends to hire 500 high-end tech professionals over the next two years. Arcesium's Hyderabad center focuses on data management and strategy initiatives. Gaurav Suri, CEO of Arcesium, discussed the expansion plans with Revanth Reddy's team during a recent meeting.

The announcement was part of a broader CEO roundtable hosted by the Chief Minister, aimed at showcasing investment opportunities in Telangana. Notable attendees included Amit Kumar, Managing Director of Accenture; Punit Lochan, MD of Deloitte; Veera Budhi, Chief Technology Officer of Habits Inc; and Arun Upadhaya, Chief Scientific Officer and Head of Research at Ocugen.

HBL