Infosys Expands Collaboration with Meta to Drive Enterprise AI Innovation through Open Source

Infosys Partners Meta For Enterprise AI Integration

Furthermore, as a part of the centre of excellence, Infosys also launched a dedicated AI Experience Zone for Meta at its Bengaluru workstation Eyeing advancements in artificial intelligence and to foster innovation across sectors, tech giant Infosys has expanded its partnership with Meta to unveil Meta centre of excellence (COE). The COE is aimed at enterprise AI integration and will also aid in internal adoption and contribution to open-source groups. Further, this partnership is aimed at accelerating the adoption of Meta's Llama (Large Language Model Meta AI) stack, one of its open-source large language models (LLM) and tools to enable tech professionals get their hands on the stack to develop industry-specific use cases. Infosys said this collaboration with the social media giant will also help its customers to seamlessly adopt the Llama stack. This development comes months after Meta rolled out its largest-ever open source AI model Llama 3.1, in July, which competes against AI models like GPT-4.0 and Claude 3.5 Sonnet. Furthermore, as a part of the centre of excellence, Infosys also launched a dedicated AI Experience Zone for Meta at its Bengaluru workstation, to offer customers a demo experience of the enterprise AI advancements developed by Infosys Topaz in collaboration with Meta's Llama technology.

Infosys Expands Strategic Collaboration with Meta: Unveils Center of Excellence to Drive Enterprise AI Innovation through Open Source

Bengaluru, India - October 23, 2024: Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today strengthened its collaboration with Meta, a multinational technology company, to drive innovation in generative AI through open-source initiatives. Infosys is a strong proponent of open-source software and remains steadfast in its commitment to democratizing AI. Leveraging Meta's Llama stack, a family of open-source large language models and tools, Infosys is driving significant advancements in AI and fostering innovation across industries. To accelerate adoption of Meta's Llama stack and spur innovation, Infosys also unveiled a Meta center of excellence (COE) focused on accelerating enterprise AI integration while supporting internal adoption and contributions to open-source communities. This center will enable a large pool of talent on the Llama stack, develop industry-specific use cases, and collaborate closely with Meta to help customers seamlessly adopt the Llama stack. As an early adopter and launch partner for Llama 3.1 and 3.2 models, Infosys is at the forefront of open-source AI innovation. Integrating the Llama models with Infosys Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies, Infosys is crafting innovative AI solutions to accelerate business value for enterprises worldwide. An example of such innovation is the Llama-powered document assistant solution that helps review contracts faster and more efficiently, achieving significant productivity gains compared to traditional methods.

Infosys Expands Strategic Collaboration with Meta: Unveils Center of Excellence to Drive Enterprise AI Innovation through Open Source

Leverages Meta's Llama stack to democratize access to AI technology Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today strengthened its collaboration with Meta, a multinational technology company, to drive innovation in generative AI through open-source initiatives. Infosys is a strong proponent of open-source software and remains steadfast in its commitment to democratizing AI. Leveraging Meta's Llama stack, a family of open-source large language models and tools, Infosys is driving significant advancements in AI and fostering innovation across industries. To accelerate adoption of Meta's Llama stack and spur innovation, Infosys also unveiled a Meta center of excellence (COE) focused on accelerating enterprise AI integration while supporting internal adoption and contributions to open-source communities. This center will enable a large pool of talent on the Llama stack, develop industry-specific use cases, and collaborate closely with Meta to help customers seamlessly adopt the Llama stack. As an early adopter and launch partner for Llama 3.1 and 3.2 models, Infosys is at the forefront of open-source AI innovation. Integrating the Llama models with Infosys Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies, Infosys is crafting innovative AI solutions to accelerate business value for enterprises worldwide. An example of such innovation is the Llama-powered document assistant solution that helps review contracts faster and more efficiently, achieving significant productivity gains compared to traditional methods. Infosys CEO & MD, Salil Parekh with Meta Chief AI Scientist, Yann LeCun Additionally, as a part of the COE, Infosys launched a dedicated AI Experience Zone for Meta, at its Bengaluru campus. The state-of-the-art zone will offer customers a firsthand experience of the innovative enterprise AI advancements developed by Infosys Topaz in collaboration with Meta's Llama technology. Balakrishna D. R. (Bali), Executive Vice President, Global Services Head, AI and Industry Verticals, Infosys, said, "For Infosys, open-source innovation is not just part of the future, it is pivotal to creating impactful digital solutions that drive growth and efficiency, leveling the playing field for all businesses. The alliance with Meta underscores our unwavering commitment to pushing the boundaries of enterprise AI technology, including gen AI, and fostering innovation that spans industries. By integrating Meta's Llama family of models into Infosys Topaz, we are harnessing the power of collaboration and transparency to make AI accessible and impactful for all businesses." Sandhya Devanathan, Vice President and Head, Meta India, said, "We are delighted to deepen our collaboration with Infosys, an association that exemplifies the strategic importance of open-source AI development. The integration of Llama within Infosys Topaz is a testament to the exciting possibilities of AI to drive innovation and empower businesses to harness the full potential of AI in transforming their operations. Open-source models like Llama are set to revolutionize enterprises, fast-tracking their digital transformation, enabling them to scale, innovate, and compete globally." About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.

Infosys enhances collaboration with Meta for AI innovation By Investing.com

BENGALURU - Infosys (NSE: NS:INFY), (BSE: INFY), (NYSE: INFY), a prominent digital services and consulting firm, has announced the expansion of its partnership with Meta Platforms (NASDAQ:META), Inc. to foster innovation in generative artificial intelligence (AI) through open-source initiatives. The collaboration emphasizes Infosys' commitment to open-source software and its goal to make AI more accessible. Infosys has established a Meta center of excellence (COE) aimed at expediting the adoption of Meta's Llama stack, a suite of open-source large language models and tools, and enhancing enterprise AI integration. The COE is designed to develop a skilled talent pool, create industry-specific AI use cases, and support the broader open-source community. As an early adopter of the Llama 3.1 and 3.2 models, Infosys has integrated these technologies with its proprietary AI platform, Infosys Topaz. This integration has led to the creation of new AI solutions, such as a Llama-powered document assistant that streamlines contract reviews, offering a marked improvement in productivity over traditional methods. In addition, Infosys has launched an AI Experience Zone for Meta at its Bengaluru campus, where customers can directly engage with the AI advancements being developed. Infosys' Executive Vice President, Balakrishna D. R., highlighted the importance of open-source innovation in creating impactful digital solutions that drive growth and efficiency. Sandhya Devanathan, Vice President and Head of Meta India, expressed her enthusiasm for the deepened collaboration, noting the potential of AI to drive innovation and empower businesses. This initiative is part of Infosys' broader commitment to digital transformation, leveraging cloud and AI technologies to support clients across over 56 countries. The press release also contains forward-looking statements regarding Infosys' future prospects and performance, which are subject to In other recent news, Infosys Technologies has seen a change in analysts' perspectives. BMO Capital Markets revised its price target for Infosys from $23.00 to $25.00, maintaining a Market Perform rating. The firm acknowledged potential growth in the smaller deal segment, a shift that could positively impact the industry. However, BMO expressed caution regarding the company's current market valuations despite the raised price target. Conversely, Investec maintained its Sell rating on Infosys, lowering the price target to INR1,700.00 from INR1,720.00. This adjustment followed the company's first-half financial performance for fiscal year 2025, which, despite a robust deal backlog, saw the company's earnings before interest and taxes (EBIT) percentage fall short of expectations. Infosys also reported a strong second quarter for fiscal year 2025, leading to an upward revision of its FY25 revenue growth guidance to 3.75% to 4.5%. This was supported by a Q2 revenue of $4.9 billion, marking a 3.1% sequential and 3.3% year-on-year growth. The company secured $2.4 billion in large deals and maintained stable operating margins at 21.1%, placing a significant emphasis on generative AI initiatives to enhance productivity and operational efficiency. Infosys' recent partnership expansion with Meta Platforms aligns well with its strong market position and financial performance. According to InvestingPro data, Infosys boasts a substantial market capitalization of $92.19 billion, underscoring its significance in the IT services industry. This is further supported by an InvestingPro Tip highlighting Infosys as a "prominent player in the IT Services industry." The company's focus on AI innovation and digital transformation is reflected in its solid financial metrics. Infosys reported a revenue of $18.84 billion in the last twelve months, with a healthy gross profit margin of 29.52%. These figures indicate the company's ability to generate substantial income from its services, which include the newly announced AI initiatives. InvestingPro Tips also reveal that Infosys has raised its dividend for 4 consecutive years and has maintained dividend payments for 25 consecutive years. This consistent dividend policy suggests financial stability and a commitment to shareholder returns, which may be attractive to investors interested in the company's AI-driven growth strategy. It's worth noting that Infosys is trading near its 52-week high, with a significant price uptick of 31.39% over the last six months. This positive momentum could be attributed to investor optimism about the company's strategic moves in the AI space. For readers interested in a more comprehensive analysis, InvestingPro offers 14 additional tips for Infosys, providing a deeper understanding of the company's financial health and market position.