Shares of L&T Technology Services Ltd were trading in the red and almost 1% lower on 3 September despite the company announcing a partnership with Silicon Valley’s SiMa.ai, a leader in Physical AI.

The business stated that the collaboration will alter industries through cutting-edge AI-driven solutions in transportation, healthcare, industrial automation, and robotics.

According to the agreement, SiMa.ai will provide AI hardware and software solutions by using L&T Tech’s core engineering expertise and human capital investments in critical sectors such as in-vehicle infotainment, AD/ADAS, industrial automation and robotics, and healthcare.

The cooperation brings together L&T Tech’s extensive engineering knowledge and domain focus with SiMa.ai’s MLSoC ONE platform and software SDK, according to the business.

Amit Chadha, CEO and managing director of L&T Tech, said, “By combining SiMa.ai’s groundbreaking AI computing technology with our expertise in design and implementation, we are empowering clients across Robotics, Mobility, and Healthcare to accelerate time-to-market, enhance operational efficiency, and deliver unparalleled value. Together, we are driving the industry forward, embedding intelligence into innovative solutions that are sustainable and scalable.”

The teams will also create a scalable product support system to ensure that the solutions are deployed efficiently for worldwide clients.

At 1:14 pm, the shares of L&T Tech were trading 0.14% lower at Rs 4,201 on NSE. 

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