Infosys $1.5B AI Deal Terminated

Credit : Social Media

Infosys $1.5 billion AI agreement cancellation, leading to the discontinuation of the Memorandum of Understanding

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The initial agreement, based on a Master Agreement, was terminated as both parties decided not to pursue it

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Infosys, in an exchange filing, confirms the termination without specifying the reason for the early disclosure

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The deal termination aims to impact digital experiences for the global client, utilizing Infosys' platforms and AI solutions

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Despite the setback, Infosys secures a $1.64 billion deal with Liberty Global, a London-based company, lasting for five years

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As Infosys prepares for December earnings on January 11, the company highlights winning deals worth $7.7 billion in the September quarter.

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