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After AI-Led IT Slump, Infosys Announces Major Anthropic Collaboration
Infosys has entered into a strategic partnership with Anthropic. Under this agreement, Infosys will develop advanced enterprise AI solutions for sectors such as telecom, financial services, and manufacturing. Following this announcement, shares of the IT company rose by up to 3% on February 17th.
The Indian IT firm Infosys has now teamed up with Anthropic, whose use of the AI technology was responsible for the decline of IT stocks globally. As a result of this, Infosys shares have risen by 3% on February 17th. The Infosys shares have opened at ₹1,370 in the morning, touching a high of ₹1,411.
Since February 3rd, all the IT stocks, including Infosys, have witnessed a massive sell-off. During this period, Infosys has declined from Rs 1728 to Rs 1281. However, they are now witnessing buying at lower levels.
In fact, Infosys has announced a strategic partnership with Anthropic in light of the growing concern over AI. Infosys has announced that it would be forming a strategic collaboration with Anthropic in order to develop and deliver cutting-edge AI solutions for businesses in telecom, financial services, manufacturing, and software development.
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Under this partnership, both companies will integrate Anthropic's cloud model, including Cloud Code, with Infosys Topaz AI offerings. A dedicated Anthropic Center of Excellence will also be launched to build and deploy AI agents tailored to industry-specific tasks.
IT stocks fell sharply earlier this month after Anthropic launched a legal AI tool, raising fears that artificial intelligence could increase competition in the IT sector. Investors are still worried that AI is increasing competition for software makers after Anthropic launched a legal tool for its cloud AI chatbot.
