HCLTech wins $1.1bn AI-led deal with Mercedes

HCLTech's stock surged almost 6% following the announcement of a massive $1.1 billion deal with a European Fortune Global 50 company, widely believed to be Mercedes-Benz. This significant AI-led agreement, set to run for five years with an extension option, will see HCLTech revamp the automaker's global digital workplace and network operations. The deal highlights the increasing enterprise focus on artificial intelligence investments.