Home Politics Porsche Inks $1.5 Billion AI Deal With India’s Tata Consultancy
Politics

Porsche Inks $1.5 Billion AI Deal With India’s Tata Consultancy

Key Points

Porsche Inks $1.5 Billion AI Deal With India’s Tata Consultancy Porsche AG partnered with Tata Consultancy Services Ltd. for deploying artificial intelligence in a 1.25 billion euros ($1.5 billion) deal, while agreeing to sell its consulting unit to the Indian software services company. The five-year partnership aims to enable AI across Porsche’s engineering, manufacturing, operations and customer experience functions, according to a statement by TCS Monday. The Indian firm will also buy the...

Porsche Inks $1.5 Billion AI Deal With India’s Tata Consultancy Porsche AG partnered with Tata Consultancy Services Ltd. for deploying artificial intelligence in a 1.25 billion euros ($1.5 billion) deal, while agreeing to sell its consulting unit to the Indian software services company. The five-year partnership aims to enable AI across Porsche’s engineering, manufacturing, operations and customer experience functions, according to a statement by TCS Monday. The Indian firm will also buy the sports carmaker’s Germany-based consulting unit MHP Management- und IT-Beratung GmbH for an enterprise value of 320 million euros under the broader deal.
Porsche (ORG) India (LOCATION) Tata Consultancy Porsche Inks (ORG) Tata Consultancy Porsche AG (ORG) Tata Consultancy Services Ltd. (ORG) Indian (ORG) AI (ORG) TCS (ORG) Germany (LOCATION) MHP (ORG)
Originally published by Bloomberg Technology Read original →