Artificial Intelligence: India’s Infosys Wins $1.5B Contract Including AI Solutions

September 15, 2023 | Artificial Intelligence, News

Infosys did not reveal the name of the client, however.

Infosys (NSE: INFY), India’s second-largest software services exporter, recently announced a substantial $1.5 billion contract spanning 15 years with a prominent “global company.” In this partnership, Infosys will deliver advanced digital experiences and business operational services, capitalizing on their platforms and cutting-edge artificial intelligence (AI) solutions. However, Infosys has not disclosed the identity of this global company or whether it is an existing client.

Earlier this month, U.S. semiconductor manufacturer Nvidia (NASDAQ: NVDA) unveiled AI collaborations with India’s Reliance Industries (NSE: RELIANCE) conglomerate and the Tata group’s Tata Consultancy Services (NSE: TCS), aiming to develop innovative applications. (TOI)

Furthermore, in July, Infosys inked a significant $2 billion agreement with an existing client, focusing on providing AI and automation services for a five-year duration.

Notably, Infosys’s stock showed a marginal increase of 0.4%, mitigating its year-to-date losses to just 0.1%, in contrast to the Nifty IT index’s substantial 15.46% surge.

Related Story:  Microsoft Extends Partnership, Invests $10B In ChatGPT

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Digital Assets: Epic Lays Off 830 Employees As Metaverse Underperforms
September 29, 2023     Digital Assets, News

Earlier today, Tim Sweeney, the head of Epic Games, shared an email with the company’s employees, announcing some significant changes within the organization. In this message, Sweeney discussed the necessity…
Artificial Intelligence: Mysterious US-Based Books3 Dataset Used To Train AI Was A Massive Trove Of Pirated Books
September 29, 2023     Artificial Intelligence, Latest News, News

Thousands of books penned by some of Australia’s most esteemed authors may have fallen victim to what Booker prize-winning novelist Richard Flanagan has described as “the biggest act of copyright…銅鑼灣_Causeway_Bay_銅鑼灣時代廣場_Times_Square_office_Tower_One_阿里巴巴_Alibaba_Hong_Kong_June_2022_Px3_03.jpg
FinTech: Ant’s Chongqing Consumer Finance Arm Raising $616M To Ramp Up Loans
September 29, 2023     FinTech, News

Chongqing Consumer Finance, the consumer finance arm of Ant Group, a prominent player in China’s financial technology landscape, is currently in the process of raising a substantial sum of fresh…
Venture Capital: Mercury’s Fund V Mops Up $160M For US Startups “Between The Coasts”
September 29, 2023     News, Venture Capital

Mercury Fund, the premier early-stage venture firm with a focus on non-coastal tech hubs, has successfully closed its largest fund to date, Mercury Fund V, with a total capital commitment…