DXC Partners with ElevenLabs, Invests in $500M Series D to Embed Voice AI
DXC sits 33% above its 52-week low of $7.9.
Summary
DXC Technology announced a strategic partnership with ElevenLabs, an AI voice company, to integrate advanced voice AI across its operations and client solutions. DXC also participated in ElevenLabs' recent $500 million Series D funding round, which valued the startup at approximately $11 billion. The collaboration aims to enhance enterprise productivity, customer experience, and industry-specific solutions through AI voice agents and copilots. This move aligns with DXC's AI Fast Track strategy and follows a series of recent AI-related partnerships, including a global alliance with Anthropic in June. The investment deepens DXC's commitment to generative AI and could differentiate its service offerings in a competitive IT services market. The partnership may open new revenue streams, but financial terms and expected impact were not disclosed.
At the time of this announcement, DXC was trading at $10.51 on NYSE in the Technology sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $7.90 to $15.68. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.