Wednesday, 27 December, 2023

Infosys Faces Setback as It Loses Key $1.5 Billion AI Tech Deal

Infosys, a prominent IT services company, experienced a decline in its stock value following the termination of a significant $1.5 B artificial AI deal. The termination of the AI deal had a notable impact on Infosys' financial standing, leading to a decline in its stock price. The news of the deal termination influenced market sentiment, resulting in a negative market response and a decrease in Infosys' market value. The reasons behind the termination of the 5-year AI deal was not known.