Infosys (INFY.NS), India’s second-largest software services exporter, recently announced that it had signed a “global company” deal for $1.5 billion for 15 years.
According to a statement released by Infosys on Thursday, the agreement calls for the company to leverage the other party’s existing platforms and artificial intelligence (AI) technologies to deliver improved digital experiences and business operation services.
Infosys did not identify the company or indicate whether or not they are already working with them.
Nvidia, a chip manufacturer based in the United States, made the announcement earlier this month that it will collaborate with the Indian conglomerate Reliance Industries (RELI.NS) and the Tata group’s Tata Consultancy Services (TCS.NS) to create generative applications using artificial intelligence.
A contract worth $2 billion was inked by Infosys in July with one of its existing customers to supply artificial intelligence and automation services for the next five years.
Compared to the 15.46% increase in the Nifty IT (.NIFTYIT) index, the company’s stock has only lost 0.1% this year, while the index as a whole has gained 15.46%. The company’s shares were up a meager 0.4%.