Infosys signs five-year AI deal with $2 billion target spend
The Hindu
Infosys said it has signed a deal with an existing client to provide AI services over five years.
India's second-largest software services exporter Infosys said on Tuesday it has signed a deal with an existing client to provide Artificial Intelligence (AI) and automation services that will span over five years, with a target spend estimated at $2 billion.
AI and automation-related development, modernisation and maintenance services are included in the agreement, the company said in an exchange filing.
The company did not disclose the client's name.
As Microsoft-backed OpenAI's generative chatbot ChatGPT took the world by storm in late 2022, companies around the world have doubled down on investing in AI.
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Infosys' move comes after rival Tata Consultancy Services said it planned to train 25,000 engineers to get them certified on Microsoft's Azure Open AI. Other rival Wipro has plans to invest $1 billion into artificial intelligence (AI) over the next three years.
Bangalore-based Infosys launched a platform called Infosys Topaz for generative artificial intelligence (AI) in late May.
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