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By Tiptechblog

Termination of $1.5 Billion AI Deal 

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Infosys decided to terminate a $1.5 billion deal centered around AI solutions with a global company. 

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The collaboration aimed to provide digital experiences using Infosys' platform and AI technologies. 

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The Memorandum of Understanding (MoU) for this deal was initially finalized in September 2023. 

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On the day of the announcement, Infosys' shares surged by 1.68% to  Rs 1,562.00 per share on the  (BSE).

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Less than two weeks before this announcement, Nilanjan Roy, the company's former CFO, abruptly quit 

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Infosys communicated the termination of the MoU through an exchange filing on Saturday 

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The exact cause for the termination remains undisclosed, leaving room for speculation  

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