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Narayana Murthy's IT stock loses USD 1.5 billion AI-deal
short by Vardan P / on Tuesday, 26 December, 2023
In a surprise twist, Infosys just axed a potentially lucrative USD 1.5 billion, 15-year deal with an unidentified global client. This AI-focused partnership, initially announced in September, was meant to boost Infosys' digital transformation offerings. However, just weeks after a key leadership change, the client pulled out, leaving Infosys under increasing pressure in a sluggish market.
read more at DSIJ.in