Persistent Systems share: Shares of Persistent Systems have seen a spectacular rise of up to 5 percent today, January 15. At present this stock is trading at Rs 6144.10 on BSE with a gain of 4.29 percent. In fact, the company launched ContractAssIst, an AI-powered contract management solution developed in partnership with Microsoft. After this news, there is huge buying of shares of the company. With today’s rise, the market cap of the company has increased to Rs 95755 crore. The stock’s 52-week high is Rs 6,788.80 and 52-week low is Rs 3,232.60.
What is special in ContractAssIst
ContractAssIst will leverage Microsoft’s technology ecosystem to provide contract management features. The solution is based on Azure AI, which ensures data management, faster search capabilities, and compliance. ContractAssIst is integrated with Microsoft 365 Copilot and Microsoft Teams, enabling real-time collaboration and AI-powered decision support.
Advanced models such as GPT-3.5 and GPT-4 play a key role in ContractAssIst through the Azure OpenAI service. These models improve the quality of contract analysis by using natural language processing.
Statement from the CEO of Persistent
“At Persistent, our AI-driven, platform-based approach is key to solving complex enterprise challenges with practical, scalable solutions,” said Sandeep Kalra, CEO and Executive Director of Persistent. ContractAssIst, developed in collaboration with Microsoft It shows how we can use innovative technologies to replace traditional manually performed tasks, such as contract management, with the help of AI. Are.”
Disclaimer: The information provided here is for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.