RCS - Grid Dynamics - Grid Dynamics Expands Gen AI Solution Offering

Grid Dynamics HoldingsAnnouncement

15/05/2023 15:00

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RNS Number : 3330Z  Grid Dynamics Holdings, Inc  15 May 2023

Grid Dynamics Expands Its Generative AI Solution Offering-Introduces
Generative AI Product Design Starter Kit for Enterprises

Key Takeaways:

·      Grid Dynamics released an innovative Generative Product Design
Starter Kit that enables enterprise-scale retailers, brands, and manufacturers
to rapidly create product design tools and unique digital customer experiences
using generative AI.

·      The Generative AI Product Design Starter Kit provides reference
models and workflows for ideating, editing, restyling, and recontextualizing
the designs of consumer products.

·      Grid Dynamics is actively expanding its lineup of generative AI
solutions for high-potential industry-specific enterprise use cases, further
strengthening its position as a leader in enterprise AI.

SAN RAMON, CA / ACCESSWIRE / May 15, 2023 / Grid Dynamics
(https://pr.report/NP8aqDCA) Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a
leader in enterprise-level digital transformation (https://pr.report/Vlm1Oypj)
services and solutions, announced today the release of its Generative AI
Product Design Starter Kit to complement other Gen AI offerings. Leveraging
this starter kit, retailers, brands, and manufacturers can rapidly build
unique digital services for their customers and improve the productivity of
content creation teams using state-of-the-art generative AI technologies.
Brands and manufacturers can leverage the Generative AI Product Design Starter
Kit to enhance their design ideation processes, speed up prototyping, and
provide customers with unique product personalization capabilities.

The Generative AI Product Design Starter Kit strengthens Grid Dynamics'
potential to attract new clients and facilitate strategic partnerships in the
rapidly growing generative AI space. Grid Dynamics has a long history of
delivering AI solutions to world-largest enterprise clients, and the company
has plans to leverage its comprehensive domain knowledge and technology
expertise to spearhead the enterprise adoption of generative AI as well. The
Generative Product Design Starter Kit also embodies the company's commitment
to its recently unveiled GigaCube (https://pr.report/sri5pDcU) growth
framework, which identifies strengthening its partner ecosystem and investing
in innovation as foundational pillars of the company's long-term success.

"The latest generative language and image models enable dozens of high-value
enterprise use cases that are impossible to implement using other
technologies. This technological advancement impacts virtually all industries
and creates a need for hundreds of fundamentally new specialized products and
solutions", said Ilya Katsov, VP of Engineering at Grid Dynamics. "At Grid
Dynamics, we focus our efforts on creating generative AI solutions for
high-potential industry-specific use cases combining deep technology
expertise, domain knowledge, and building blocks provided by our partners. The
Generative AI Product Design Starter Kit demonstrates how the state-of-the-art
text-to-image and image-to-image models can be used to build applied business
solutions for retail, manufacturing, and other industries use cases."

This innovative starter kit encompasses a reference collection of generative
AI models which empower users to create and fine-tune design concepts, modify
object shapes and styles, and recast a design's environmental context based on
sketches, reference images, and natural language descriptions. The starter kit
includes a workflow management application that allows for implementing
domain-specific use cases such as product design personalization, marketing
content creation, and virtual product try-on. The workflows and services that
can be created using this starter kit dramatically improve the productivity of
design teams and enable unique customer experiences. Visit this page
(https://pr.report/syKOV1J4) to learn more about Grid Dynamics' Generative
Product Design Starter Kit. Explore additional AI solutions developed by Grid
Dynamics including AI-Powered Data Analytics (https://pr.report/S5FTixja) and
Generative AI Images (https://pr.report/RC9yVxk4) .

About Grid Dynamics

Grid Dynamics (NASDAQ: GDYN) is a digital-native technology services provider
that accelerates growth and bolsters competitive advantage for Fortune 1000
companies. Grid Dynamics provides digital transformation consulting and
implementation services in omnichannel customer experience
(https://pr.report/OV8jqYta) , big data (https://pr.report/9A6KNlEf) ,
analytics (https://pr.report/fPT9zR3-) , search (https://pr.report/oh8zpwGA) ,
artificial intelligence (https://pr.report/xINQFgwM) , cloud & DevOps
(https://pr.report/AKpYGt1N) , and application modernization
(https://pr.report/0KWIlmUJ) . Grid Dynamics achieves high speed-to-market,
quality, and efficiency by using technology accelerators, an agile delivery
culture, and its pool of global engineering talent. Founded in 2006, Grid
Dynamics is headquartered in Silicon Valley with offices across the US,
Mexico, UK, Europe, and India. To learn more about Grid Dynamics, please visit
www.griddynamics.com (https://pr.report/PbRM-SYy) . Follow us on Facebook
(https://pr.report/IQiL-l14) , Twitter (https://pr.report/RsPjkTBI) , and
LinkedIn (https://pr.report/qBoItlO-) .

Forward-Looking Statements

This communication contains "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934 that are not historical facts, and involve risks and
uncertainties that could cause actual results of Grid Dynamics to differ
materially from those expected and projected. These forward-looking statements
can be identified by the use of forward-looking terminology, including the
words "believes," "estimates," "anticipates," "expects," "intends," "plans,"
"may," "will," "potential," "projects," "predicts," "continue," or "should,"
or, in each case, their negative or other variations or comparable
terminology. These forward-looking statements include, without limitation,
quotations and statements regarding our product capabilities, benefits of our
Generative Product Design Starter Kit and our company's future growth.

These forward-looking statements involve significant risks and uncertainties
that could cause the actual results to differ materially from the expected
results. Most of these factors are outside Grid Dynamics' control and are
difficult to predict. Factors that may cause such differences include, but are
not limited to, any factors limiting product capabilities, the benefits of our
products, and our company's growth.

Grid Dynamics cautions that the foregoing list of factors is not exclusive.
Grid Dynamics cautions readers not to place undue reliance upon any
forward-looking statements, which speak only as of the date made. Grid
Dynamics does not undertake or accept any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statements to reflect
any change in its expectations or any change in events, conditions or
circumstances on which any such statement is based. Further information about
factors that could materially affect Grid Dynamics, including its results of
operations and financial condition, is set forth under the "Risk Factors"
section of the Company's annual report on Form 10-Q filed May 4, 2023 and in
other periodic filings Grid Dynamics makes with the SEC.

Media Contact:

Cary Savas

+1 (650) 523 5000
csavas@griddynamics.com (mailto:csavas@griddynamics.com)

SOURCE: Grid Dynamics

 

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