Brazilian IT multinational Stefanini projects investments of 1bn reais (US$200mn) over the next three years, concentrated on AI development and acquisitions.

Generative "AI is revolutionizing the market,” CEO and founder Marco Stefanini told reporters on Friday.

Stefanini, which competes in services with the likes of Accenture and TCS, is partnering with big techs such as Microsoft on genAI products. Amazon, IBM, Google, Salesforce, SAP, ServiceNow, Siemens and Honeywell are some of its other traditional tech partners.