Infosys Shares Will Remain In Focus Today On This Partnership With Microsoft; Check Details Here

Infosys shares will remain on investors' watchlist on Wednesday (September 27) after the company said on Tuesday that it has partnered with tech giant Microsoft to improve enterprise functions with AI-enabled solutions across multiple industries. In a Press Release dated September 26, the company said, that Infosys is collaborating with Microsoft to jointly develop industry-leading solutions that leverage Infosys Topaz, Azure OpenAI Service, and Azure Cognitive Services.

"Both organizations are bringing together their respective artificial intelligence (AI) capabilities to enhance enterprise functions with AI-enabled solutions across multiple industries. The integrated solutions will accelerate rapid democratization of data and intelligence that will help businesses increase productivity and drive new revenue growth," it added.

As per the company, through the collaboration with Microsoft, Infosys Topaz is using Azure OpenAI Service and Azure Cognitive Services to augment its capabilities to help enterprise customers transition from digital to AI solutions. The integrated solutions will boost customers' operational efficiency, decrease turn-around time, future-proof investments, and open new business models.

Commenting on this collaboration, Balakrishna D. R. (Bali), Executive Vice President and Global Head - AI and Automation, Application Development, and maintenance, at Infosys, said, "Through our strategic collaboration with Microsoft, we will continue to lead the generative AI revolution, helping businesses amplify human potential and navigate their next towards becoming AI-first enterprises."

The collaboration is expected to help customers develop new business models, and realize new revenue streams. Nicole Dezen, Chief Partner Officer, Microsoft Corp, said, "By harnessing the power of generative AI, Infosys will help customers accelerate growth and innovation."

At 9:20 am IST today, Infosys shares were down 0.18% at Rs 1457.45 per share.