New Delhi: The second-largest exporter of software services from India, Infosys, announced on Monday that it has agreed to supply AI and automation services to current client over five years, with a target cost of $2 billion. According to the company’s exchange filing, the deal covers development, modernisation, and maintenance services for AI and automation.
The name of the client was kept private by the business. Companies worldwide have increased their AI investment since ChatGPT, a generative chatbot developed by OpenAI with support from Microsoft, became a global phenomenon in late 2022.
Infosys made its move following competitor TCS’s announcement that it would teach 25000 engineers to get certified in Microsoft’s Azure Open AI. Over the next three years, rival Wipro will invest $1 billion in AI.
Bengaluru-based In late May, Infosys introduced a platform for generative AI dubbed Infosys Topaz. On July 20, the firm is anticipated to release its first quarter results.