Feb. 17 at 2:59 PM
Infosys shares rose after the company announced a partnership with Anthropic to develop custom AI agents for telecom, financial services, manufacturing, and software firms. Mumbai-listed shares gained 1.9%, while U.S.-traded ADRs climbed 3.9% to
$15.30 despite broader market weakness.
The collaboration will integrate Anthropic’s Claude models, including Claude Code, with Infosys’ Topaz AI services to automate complex workflows and accelerate software development.
The deal comes amid pressure on software stocks due to concerns about AI’s fast-improving coding capabilities. Microsoft is down 17% this year, Oracle has fallen 18%, and Palantir Technologies is off 26%. Infosys ADRs have also dropped 17% year to date.
The partnership aligns with India’s broader push to position itself as an AI hub, drawing attention from global tech leaders including Alphabet executives.
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