A state-of-the-art Artificial Intelligence (AI) lab has been inaugurated at IIT Hyderabad in partnership with S&P Global. The Times of India reported that this lab will combine IIT Hyderabad’s academic and AI expertise with S&P Global’s industry experience, offering students and faculty opportunities to work on real-world financial-sector challenges.

The facility was inaugurated on Wednesday in the presence of IITH director Prof BS Murty, S&P Global managing director for India operations Nilam Patel, senior director and Hyderabad site head Sravanthi Lanka, and representatives from both organisations, as stated by The Times of India.

The lab will host industry-led projects, workshops, expert interactions, open exploration, and mentored research, according to The Times of India.

Selected students and faculty will collaborate on research and prototype solutions using emerging AI technologies, The Times of India reported.

Speaking on the occasion, Murty said the partnership would help students address practical problems while strengthening applied AI research, as per The Times of India.

S&P Global chief people officer Girish Ganesan said the company aims to support students with AI skills, real-world learning, and career opportunities, The Times of India reported. This initiative provides a significant opportunity for students in the Telangana and Andhra Pradesh regions to enhance their skills in cutting-edge technologies and prepare for future careers in the financial sector.