Infosys, India's second largest information technology firm, has signed a major AI and automation deal worth an estimated $2 billion with an existing global client.
The 5-year deal involves Infosys providing AI and automation development, modernization and maintenance services to the unnamed client. Infosys will leverage its Topaz generative AI platform to help the client transform its operations through AI.
The deal comes at a time when businesses are increasingly investing in AI as technologies like ChatGPT show the potential of generative AI models. Infosys' major rival Tata Consultancy Services plans to train 25,000 employees on Microsoft Azure AI, while Wipro plans to invest $1 billion in AI over the next 3 years.
Infosys launched its Topaz generative AI platform in late May this year to help clients shorten development cycles and increase innovation.
The $2 billion AI contract win highlights Infosys' growing capabilities in next-generation technologies and its ability to win large deals from global clients. It also demonstrates continued strong demand for AI-led transformations.
In summary, the major AI deal will bolster Infosys' rapidly expanding AI and automation portfolio while helping a key client modernize its operations through the use of generative AI models.
