Porsche has signed a five-year AI partnership with Tata Consultancy Services (TCS), India’s largest IT services company, in a deal valued at almost $1.5 billion.
CNBC reports that under the agreement, TCS will set up a dedicated hub to oversee AI deployment across Porsche’s business. As part of the same deal, TCS will buy Porsche’s IT consulting arm, MHP, for 320 million euros. MHP employs roughly 4,500 people, and the AI partnership only takes effect once that acquisition closes.
Porsche chairman Michael Leiters said in a press release that the partnership combines “automotive expertise with TCS’s digital and AI capabilities” and would help…
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