/cloudfront-us-east-2.images.arcpublishing.com/reuters/XJPEFJOO5NMIXM3UOX5FONOKOI.jpg "India’s Infosys signs .5 billion deal to leverage AI solutions")
An employee walks past a sign board at the Infosys campus in the Electronics City IT district in Bengaluru on February 28, 2012. REUTERS/Vivek Prakash/File Photo License Rights
BENGALURU, Sept 15 (Reuters) – India’s second-largest software services exporter Infosys ( INFY.NS ) said it has signed a $1.5 billion deal over 15 years with a “global company”.
Under the agreement, Infosys will provide enhanced digital experience and business operations services, leveraging the company’s platform and artificial intelligence (AI) solutions, it said on Thursday.
Infosys did not name the company or mention whether it is an existing customer.
Earlier in the month, U.S. chipmaker Nvidia ( NVDA.O ) announced an AI partnership with Indian conglomerate Reliance Industries ( RELI.NS ) and Tata Group’s Tata Consultancy Services ( TCS.NS ) to develop generative applications.
In July, Infosys signed a $2 billion deal with an existing client to provide AI and automation services for five years.
Shares of the company were marginally higher at 0.4%, compared with a 15.46% gain in the Nifty IT (.NIFTYIT) index, which narrowed the stock’s losses to 0.1%.
Manvi Pant reports in Bangalore; Edited by Janane Venkataraman
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