Buyback Over Breakthroughs? When Infosys Missed OpenAI Investment Opportunity

Buyback Over Breakthroughs? When Infosys Missed OpenAI Investment Opportunity


However, his vision did not align with co-founder Narayana Murthy, Mehta adds in his tweet. Sikka eventually resigned from Infosys in 2017.

The missed opportunity now looms large on Infosys as OpenAI has become a global leader when it comes to artificial intelligence.

Mehta floats the debate as to whether the company should go for share buyback or invest in technology.

A base investment of just $1 million, after all, would have been worth billions today as OpenAI has positioned itself as one of the leaders in the next phase of technological revolution.

As far as the Infosys buyback is concerned, it marks the first buyback from an IT giant in two years and the company’s first in three years. With an average premium of 25%, analysts believe the buyback will provide Infosys with some cushion against ongoing volatility in the industry.



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