Happiest Minds shares gain after company CEO hints at a potential AI partnership

Happiest Minds Technologies shares surged over 4% in early trade after the company CEO and Co-Chairman Joseph Anantharaju said that the company will soon announce an AI partnership. Joseph Anantharaju was speaking exclusively to CNBC-TV18.

This development comes after Infosys also announced its collaboration with AI maverick Anthropic, a company that managed to send shockwaves across the service sector with its Claude bot.

While speaking to CNBC-TV18, Joseph Anantharaju stressed the advent of agentic AI and how the system is driving customers to rethink strategies and boost productivity. While Anantharaju stopped just short of making an official announcement on a partnership, he did say that the tech company will soon make an announcement.

Also Read: Infosys shares rise 3% on strategic AI tie-up with Anthropic

Furthermore, he said that Happiest Minds is open to revenue-sharing or outcome-based AI models and that the company will remain agile with terms.  Anantharaju underscored that historically, companies are not very comfortable with outcome-based models.

Following these comments, the shares of Happiest Minds rose by over 4%. However, the company shares have now come off from the highs and are trading with gains of just over 2%.

The current share price of ₹393 is over 46% below the company stock's 52-week high mark of ₹735.00 per share.