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The Economic Times
The Economic Times

IBS Group launches new AI company; to invest $500 million

Thiruvananthapuram, IBS Group on Thursday announced the launch of artificial intelligence company Naviq Technology that will focus on the global travel industry and will make an investment of $500 million in the firm in the next five years.

Naviq Technology will look to partner with global airlines, airports, cruise lines, vacation providers, and hospitality groups to lead large business transformations, modernise operations as well as adopt AI at scale to create new revenue streams.

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