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Infosys loses its biggest AI tech deal worth $1.5bn
![IndiaTimes]()
Sunday, 24 December 2023
Infosys terminates $1.5 billion AI contract with undisclosed global customer. The termination of the MoU and decision not to pursue a Master Agreement were announced in an exchange filing. The deal, expected to generate $100 million annually for 15 years, had been Infosys's largest AI deal. The cancellation has implications for business and staff, particularly in a subdued market. Industry experts suggest that the impact on labor will be minimal due to automation and competition with bots.
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Sunday, 24 December 2023
