Infosys shares were trading flat on early Wednesday despite the Indian IT giant announcing a collaboration with Microsoft to create solutions leveraging Infosys’ AI-first offering, Topaz, and Microsoft’s Azure OpenAI Service and Azure Cognitive Services.
What Happened? The collaboration aims to combine the AI capabilities of both companies to enhance enterprise functions with AI-enabled solutions across various industries, promoting the democratization of data and intelligence. This partnership is expected to aid businesses in revenue growth and productivity enhancement.
Infosys plans to utilize Azure OpenAI Service and Azure Cognitive Services through Topaz, assisting enterprise customers in transitioning from digital to AI solutions. The design of the integrated solutions aims to enhance operational efficiency, reduce turn-around time, secure future investments, and unveil new business models for customers.
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Balakrishna D R, Global Head – AI and Automation at Infosys, stated that the collaboration converges the power of Infosys Cobalt and data analytics to fuel business growth through AI-powered, cognitive solutions and intuitive experiences.
Infosys is offering services, frameworks, solutions, and platforms in areas like semantic search, document summarization, contact centre transformation, AI-augmented software development lifecycle (SDLC), and marketing content creation.
Price Action: Infosys shares were trading 0.52% lower at ₹1,453.05 on Wednesday, shortly after markets opened for trading.
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