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Infosys shares plunge 2 6% after 15-year AI deal worth $1 5 billion gets terminated

The contract termination comes in the backdrop of global uncertainties in IT sector

ai regulation: Europe was set to lead the world on AI regulation But can leaders reach a deal?

The 27-nation bloc s Artificial Intelligence Act has been hailed as a pioneering rulebook. But with time running out, it s uncertain if the EU s three branches of government can thrash out a deal Wednesday in what officials hope is a final round of talks.

Transcripts for BBCNEWS BBC News 20240604 01:03:00

she is asking both sides to file additional briefs explaining the deal s legal structuring, and giving them two weeks to reach a new agreement. i spoke about all of this and more of the week s politics with cbs chief election and campaign correspondent robert costa. this is an unusual situation. great to have you back in the studio. the hunter biden case took this unexpected turn. he was supposed to plead guilty to these two counts of tax evasion and also admitted to lying on a gun licence application in return for avoiding a jail sentence. what is the significance of this plea deal falling through today? when i was on capital hill falling through today? when i was on capital hill earlier - was on capital hill earlier today talking to members of the democratic party, it is clear they wished they this did not happen. they want to move on from having to talk about

Transcripts for BBCNEWS BBC News 20240604 01:13:00

that agreement is as clear as ossible. , .. . that agreement is as clear as possible- that agreement is as clear as ossible. , .. . ,., , . possible. joe, what you expect the udue possible. joe, what you expect the judge to possible. joe, what you expect the judge to see possible. joe, what you expect the judge to see any possible. joe, what you expect the judge to see any revised i the judge to see any revised deal? i the judge to see any revised deal? ~ , deal? i think the parties will aet it deal? i think the parties will get it right deal? i think the parties will get it right next deal? i think the parties will get it right next time. - deal? i think the parties will get it right next time. i - deal? i think the parties will| get it right next time. i think they get it right next time. i think they will get it right next time. i think they will get into those details that clearly were not worked details that clearly were not worked out when they walked into court

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