Search AI Products and News

Infosys recently released its Q4 FY25 financial report, revealing a net profit of $814 million, a 11.7% decrease compared to $959 million in the same quarter last year. However, the company's revenue grew by 7.9% year-over-year, reaching $4.7 billion. For the full fiscal year, total revenue reached $19 billion, showing a modest 3.9% increase. In a press release, Infosys CEO Salil Parekh expressed optimism regarding generative AI...

Infosys has partnered with the ABB FIA Formula E World Championship to launch an AI-powered analytics platform called the "Formula E Stats Centre." This innovative platform aims to provide fans with real-time race insights, enabling a deeper understanding of their favorite teams and drivers. The Formula E Stats Centre leverages Infosys' AI solutions to deliver real-time race data, interactive statistics, and

Recently, Indian IT giant Infosys has been actively engaging in talks with German automobile manufacturer Daimler to seek an early renewal of a $3 billion contract, aiming to extend their collaboration beyond 2028 based on the existing agreement. A highlight of this renewal is that Infosys plans to incorporate Artificial Intelligence (AI) technology into the new agreement, adding a new revenue stream to its existing service offerings. Image source note: Image generated by AI, image licensed from service provider Midjour.

European companies plan to increase their investment in generative artificial intelligence by 115% over the next year, reaching $2.8 billion. France and Germany are leading, with spending expected to double to $730 million and $610 million, respectively. European companies are concerned about ethics and bias but are more confident in managing and controlling generative AI systems. While they are deploying generative AI, there is little commercial value creation, with only 6% of companies realizing business value through use cases.

Infosys will expand its collaboration with Google Cloud to co-create a global generative AI lab. Infosys will train 20,000 practitioners to utilize Google Cloud's generative AI solutions. The partnership aims to build revolutionary AI platforms and industry solutions. Infosys is actively leveraging AI to provide business solutions for clients. The generative AI capabilities of Google Cloud, combined with the strengths of Infosys, can drive enterprise AI transformation.