Tuesday, July 18, 2023

Infosys agrees to a $2 billion, five-year AI contract

 BENGALURU: India's second-biggest programming administrations exporter Infosys said on Monday it has marked an arrangement with a current client to give computerized reasoning (simulated intelligence) and robotization benefits that will traverse north of five years, with an objective spend assessed at $2 billion.

The company stated in an exchange filing that the agreement includes services for development, modernization, and maintenance related to AI and automation.

The organization didn't uncover the client's name.

Companies all over the world have increased their investments in artificial intelligence after Microsoft-backed OpenAI's generative chatbot ChatGPT took the world by storm at the end of 2022.

After its rival Tata Consultancy Services announced that it would train 25,000 engineers to become certified on Microsoft's Azure Open AI, Infosys made the move. Other opponent Wipro has plans to put $1 billion into man-made consciousness (simulated intelligence) over the course of the following three years.

At the end of May, Bengaluru-based Infosys launched a platform for generative artificial intelligence (AI) called Infosys Topaz. On July 20, the company is expected to announce its results for the first quarter.

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