TCS, TPG to invest $2 billion in AI data centre JV called HyperVault
Tata Consultancy Services Ltd. has raised $1 billion from TPG for its AI data centre business called HyperVault, as part of its endeavour to become the world’s largest AI-led IT services company.
The TCS-TPG deal, according to the Mumbai-based company, will help drive stronger returns to shareholders, reduce capital outlay and create long-term value for the AI data centre platform.
