TCS, TPG join forces in Rs 18,000 cr AI data centre play

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India’s largest software exporter Tata Consultancy Services (TCS) on Thursday announced a multi-billion dollar joint venture with private equity group TPG Terabyte Bidco Pte. Ltd. to create multiple AI and Sovereign Data Centers as the Tata Group flagship looks to accelerate its efforts towards becoming “the world’s largest AI-led technology services firm”.

ET was the first to report about the partnership between the tech major and the asset management firm.

TCS and TPG are planning to invest around Rs 18,000 crores of equity as alliance partners…



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TCS, TPG join forces in Rs 18,000 cr AI data centre play



India’s largest software exporter Tata Consultancy Services (TCS) on Thursday announced a multi-billion dollar joint venture with private equity group TPG Terabyte Bidco Pte. Ltd. to create multiple AI and Sovereign Data Centers as the Tata Group flagship looks to accelerate its efforts towards becoming “the world’s largest AI-led technology services firm”.

ET was the first to report about the partnership between the tech major and the asset management firm.

TCS and TPG are planning to invest around Rs 18,000 crores of equity as alliance partners…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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