European companies plan to increase their investment in generative artificial intelligence by 115% over the next year, reaching $2.8 billion. France and Germany are leading, with spending expected to double to $730 million and $610 million, respectively. European companies are concerned about ethics and bias but are more confident in managing and controlling generative AI systems. While they are deploying generative AI, there is little commercial value creation, with only 6% of companies realizing business value through use cases.

Infosys will expand its collaboration with Google Cloud to co-create a global generative AI lab. Infosys will train 20,000 practitioners to utilize Google Cloud's generative AI solutions. The partnership aims to build revolutionary AI platforms and industry solutions. Infosys is actively leveraging AI to provide business solutions for clients. The generative AI capabilities of Google Cloud, combined with the strengths of Infosys, can drive enterprise AI transformation.