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

Short summary

IBS Group has launched Naviq Technology, a new AI company targeting the global travel sector, with a $500 million investment over five years. The firm will partner with airlines and hospitality groups, initially hiring 2,000 people and scaling to 5,000+. A new campus in Kochi opens July 23.

• •IBS Group launches Naviq Technology, an AI firm for the global travel sector
• •$500M investment planned over five years; initial headcount of 2,000 scaling to 5,000+
• •New Kochi campus inaugurates July 23; partnerships target airlines and hospitality groups

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