Tag: Loses

  • Infosys Loses $1.5 Billion AI Contract Signed Just Months Ago

    The world’s largest IT company, Infosys, shocked everyone on December 23 when it announced the cancellation of a $1.5 billion artificial intelligence contract. With more questions than answers, this transaction that was meant to change the digital world for the next fifteen years has fallen through. In this article, we will go through the details…

  • Byju’s Loses One Of Its Units To Lenders After $1.2 Billion Loan Default

    In a recent legal development, Byju’s, once hailed as one of India’s hottest tech startups in the education technology sector, is facing a significant challenge as lenders, including Redwood Investments LLC and Silver Point Capital LP, have seized control of a unit of the company due to a reported default on a $1.2 billion loan.…