India's Infosys ties up with Anthropic, days after IT selloff

FILE PHOTO: Infosys CEO and Managing Director Salil Parekh speaks during the press conference announcing the company's quarterly results in Bengaluru, India, January 11, 2024. REUTERS/Stringer/File Photo

BENGALURU, Feb 17 (Reuters) - Infosys unveiled a partnership with Anthropic on Tuesday, days after investor ⁠concerns that AI tools would disrupt the traditional business models of Indian IT services ‌firms shaved billions off their market value.

The selloff was triggered, in part, by the launch of a tool by Amazon and Alphabet-backed Anthropic, which has seen its revenue run-rate in India doubling in four months.