AI Index / Grid Dynamics Holdings, Inc.
Grid Dynamics Holdings, Inc. (GDYN)
Grid Dynamics' main sources of revenue are from their partnerships with hyperscalers, digital transformation services across various industries including Retail, TMT, and Financial Services. AI contributes directly to these revenue sources through a substantial portfolio of AI service offerings targeting Fortune 500 companies. Their focus on AI-based search, conversational AI, and catalog enrichment showcases significant direct involvement of AI in driving both topline growth and operational efficiency for clients.
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Now turning to our AI initiatives, I am pleased to report that our AI capabilities continue to gain significant traction across our customer base. We’ve substantially expanded our AI portfolio and now have over 30 service offerings and solutions specifically targeting Fortune 500 companies across various industries.
- Leonard Livschitz
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Quotes from grid-dynamics Executives About Artificial Intelligence and Generative AI
What’s particularly encouraging is the evolution we’re seeing in our AI engagements. While previous quarters were dominated by POCs and user-facing pilot programs, this quarter marked a significant shift as more projects moved into the full production environment.
- Leonard Livschitz
Our pipeline of AI opportunities has grown to more than 100 active opportunities, representing a 50% increase from the last quarter. This growth reflects the increasing enterprise readiness to move beyond experimentation to implementation of AI solutions at scale.
- Leonard Livschitz
Currently, we’re seeing particularly strong demand in three areas of AI: AI-based search, conversational AI and catalog enrichment. This demand is driven by rapidly evolving customer expectations as interactions with the AI-based assistance become more commonplace in both consumer and enterprise contexts.
- Leonard Livschitz
...we’re expanding our partnerships with hyperscalers, building specialized accelerators based on their foundational models and AI-based services.
...we continue to invest in our own AI capabilities. We’ve made significant strides in improving our engineering productivity through the implementation of AI coding assistance. This enhances our delivery efficiency and ensures our teams stay at the forefront of AI technology implementation.
At one iconic retailer, we’ve launched an AI solution that streamlines their product catalog management by automatically extracting and harmonizing product attributes from unstructured data, significantly improving operational efficiency and data quality.
- Leonard Livschitz