LTTS shares experienced a 1.10% increase following the announcement of a collaboration with NVIDIA to develop a Gen AI and advanced software-defined architecture for medical imaging in endoscopy. The joint project aims to create a scalable platform for the medical sector, offering features such as image processing pipeline, noise reduction, edge and contrast enhancement, and texture and color improvement.
Shanker Trivedi, Senior Vice President of Enterprise Business at NVIDIA, stated that the collaboration offers value to the medical technology industry by expediting the development of AI-enabled, software-defined medical devices. This software-defined architecture is designed to enhance visualization for image processing and AI-based decision-making support, particularly in polyp detection and classification.
At 11.40 am on the BSE, LTTS shares were up by 1.10% to ₹4,502.90.