[Porsche reached a $1.5 billion AI deployment cooperation agreement with India's largest IT services company.]
According to CNBC, Porsche has signed a five-year cooperation agreement with Tata Consultancy Services (TCS), India's largest IT services company, worth 1.25 billion euros (about $1.46 billion) for cooperation in the field of artificial intelligence. TCS will establish a dedicated center to oversee the application of AI technology at Porsche. As part of the agreement, Porsche will transfer its IT consulting business to TCS for approximately 320 million euros.