Infosys has announced a partnership with US-based artificial intelligence startup Anthropic, days after investor concerns that advanced AI tools could disrupt the traditional business models of Indian IT services firms erased billions from their market value, according to a Reuters report.
The recent sell-off in IT stocks was triggered in part by the launch of new enterprise AI tools by Amazon- and Alphabet-backed Anthropic. Reuters reported that the startup’s revenue run rate in India has doubled in the past four months, underscoring the rapid adoption of enterprise AI solutions in the country.
Under the partnership, Infosys and Anthropic will jointly develop and deploy AI agents, initially targeting the telecom sector before expanding into financial services, manufacturing and software development. The companies said the collaboration aims to accelerate enterprise-grade AI deployment in regulated and complex industries.
“There’s a big gap between an AI model that works in a demo and one that works in a regulated industry, and if you want to close that gap, you need domain expertise,” Anthropic Chief Executive Dario Amodei said on the Infosys tie-up, as quoted by Reuters.
Anthropic has been aggressively expanding its enterprise footprint. Last month, it launched “Claude Cowork,” an AI agent designed to execute computer-based tasks for white-collar workers. The startup already counts Indian companies, including Air India, among its partners.
Infosys shares rose as much as 4.8% following the announcement, snapping a four-session losing streak, and closed 1.9% higher. The stock was among the top gainers on the Nifty 50 index, which ended marginally higher, Reuters reported.
The announcement comes amid heightened anxiety over the impact of generative AI on India’s $250 billion IT services sector. Indian IT stocks recorded their worst performance in more than 10 months last week, with firms losing a combined $44.46 billion in market capitalisation so far in February, according to Reuters.
Infosys said AI services accounted for 5.5% of its total revenue in the December quarter. Rival Tata Consultancy Services has stated that AI services contribute roughly 5.8% of its annual revenue. Infosys Chief Executive Salil Parekh said AI-related revenues are growing at a “robust pace,” adding that the company is currently working on 4,600 AI projects and has developed more than 500 AI agents.
Analysts cited by Reuters said Infosys may be better positioned than some peers to capitalise on AI-driven discretionary spending, while firms with a larger base of legacy public-sector clients could face slower adoption cycles.
The partnership signals a broader transition within Indian IT — from labour-intensive outsourcing models towards AI-enabled enterprise transformation — even as markets continue to recalibrate expectations around automation and growth.
