On Tuesday, Infosys, India's second-largest software services exporter, announced a significant agreement with an undisclosed client. This deal entails the provision of Artificial Intelligence (AI) and automation services for a duration of five years, with an estimated expenditure of $2 billion.

The exchange filing confirmed that the agreement encompasses AI and automation-related development, modernization, and maintenance services. However, the specific name of the client remains undisclosed.

As the revolutionary generative chatbot, ChatGPT, backed by Microsoft's OpenAI, gained global recognition in late 2022, businesses worldwide have intensified their investments in AI. In line with this trend, Infosys joins the race.

Infosys' strategic move follows Tata Consultancy Services' announcement of training 25,000 engineers to obtain Microsoft's Azure Open AI certification. Additionally, Wipro, another industry competitor, has unveiled plans to invest $1 billion in artificial intelligence (AI) over the next three years.

To bolster its AI capabilities, Infosys introduced the Infosys Topaz platform for generative artificial intelligence (AI) in late May. The company aims to leverage this innovative platform to drive transformative outcomes.

The financial results for the first quarter of Infosys are scheduled to be reported on July 20, offering further insights into their progress and performance.

23 Airports Set for Major Upgrades to Boost Traffic and Elevate Travel Experience

Small Scale Industries: Driving Economic Growth and Empowering Entrepreneurs