Intelligence just got real: IT companies hard-pivot to Generative AI

Technology services provider Infosys has announced it is entering into a framework agreement with one of its existing strategic clients to provide artificial intelligence (AI) and automation-led development.
 

It revealed that the agreement would also entail modernisation and maintenance of services. It is expected to come with a total client spend target of $2 billion for five years.
 

The company, which will announce its results on July 20, clarified that it was a closure of an old deal. It, however, refrained from disclosing the name of the client.
 

What was interesting is that Infosys called out the deal as AI