Infosys, India’s second-largest software services exporter, has signed a deal with an existing client to provide Artificial Intelligence (AI) and automation services that will span over five years, with a target spend estimated at $2 billion.
Infosys, which is expected to report its first quarter results on July 20, did not disclose the client’s name.
AI and automation-related development, modernization and maintenance services are included in the agreement, Infosys said in an exchange filing.
Infosys rival Tata Consultancy Services (TCS) earlier said it planned to train 25,000 engineers to get them certified on Microsoft’s Azure Open AI.
Other rival Wipro has plans to invest $1 billion into artificial intelligence (AI) over the next three years.
Bengaluru-based Infosys launched a platform called Infosys Topaz for generative artificial intelligence (AI) in late May.