Infosys loses $1.5 billion AI contract from global customer
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Infosys has revealed that an unnamed global company has chosen to terminate a MoU for a $1.5 billion deal centered on artificial intelligence solutions. The 15-year agreement, signed in September 2023, aimed to deliver digital experiences using Infosys's platform and AI technologies. The termination indicates growing uncertainty in the demand and technology budgets of IT services clients. Notably, this development follows the unexpected resignation of Infosys's former CFO, Nilanjan Roy, less than two weeks ago.