AI Contracts Start at $10 Million While Traditional Deals Run Into Hundreds of Millions: Cognizant CFO
Global IT services giant Cognizant has shed light on the evolving dynamics of enterprise contracts, highlighting the stark difference between AI-driven deals and traditional outsourcing agreements. According to the company’s Chief Financial Officer (CFO), while AI contracts typically start at $10 million, traditional IT services deals often run into hundreds of millions of dollars, reflecting…