Latest news with #GlobalAI
Bloomberg
13-05-2025
- Business
- Bloomberg
US Firm Global AI Secures Saudi Investment Worth Billions
Global AI, a US tech firm, plans to collaborate with a Saudi Arabian artificial intelligence venture, Humain, in an agreement expected to be worth billions of dollars, according to a person familiar with the mattter. The pact is an example of the deals President Donald Trump plans to highlight during his visit to the Middle East, focused on boosting trade and investment.
Time of India
12-05-2025
- Business
- Time of India
LTIMindtree bags its biggest order yet, $450 million multi-year deal with global agribusiness
LTIMindtree has announced agreement with a leader in the global agribusiness sector. The company claimed that this is the largest deal in the history of LTIMindtree, valued at $450 million across seven years. As a part of this deal, LTIMindtree will implement an AI-powered operating model to deliver application management, infrastructure support, and cybersecurity services. This comprehensive suite of future-ready IT services, built on platforms such as SAP S/4HANA, ServiceNow, Microsoft Azure, as well as proprietary AI frameworks are aimed at enhancing the client's operational efficiency, scalability, and global growth. "Securing this large deal marks a pivotal milestone as we transform to an AI driven business model, helping our clients enhance productivity." said Venu Lambu, Chief Executive Officer (Designate) and Whole-Time Director, LTIMindtree. "We are proud to be the trusted partner for one of the world's most respected agribusiness companies. "Winning this important deal underscores our strength in crafting innovative solutions and delivering with excellence.' said Nachiket Deshpande, President - Global AI Services, Strategic Deals, LTIMindtree. Samir Gosavi, Chief Business Officer – Retail and CPG, LTIMindtree, added, 'This win marks a major breakthrough for our consumer services business. Our AI-driven operating model will drive measurable business impact in an industry that's evolving rapidly."
