Infosys signs $1.5 billion contract to leverage AI solutions
Infosys said it signed a $1.5 billion contract for a 15-year period with a «global company».
Under the deal, Infosys will provide enhanced digital experiences and business operation services, leveraging the company's platforms and artificial intelligence (AI) solutions, it said on Thursday.
Elevate Your Tech Prowess with High-Value Skill Courses
Offering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Digital MarketingVisitNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitIndian School of BusinessISB Digital TransformationVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisit Infosys did not name the company nor mention whether it is an existing client.
Earlier in the month, U.S. chip maker Nvidia announced AI partnerships with Indian conglomerate Reliance Industries and the Tata group's Tata Consultancy Services to develop generative applications.
In July, Infosys signed a $2 billion deal with an existing client to provide AI and automation services for five years.
Shares of the company were marginally high at 0.4%, trimming the stock's losses to 0.1% so far this year compared to a 15.46% rise in the Nifty IT index.
