Indian IT giant TCS agrees to acquire Porsche's IT consulting business, MHP, for €320M as part of a five-year, €1.25B contract to provide AI services to Porsche (Priyanka Salve/CNBC)
TCS is buying MHP and securing a five-year Porsche AI services contract worth €1.25B, expanding enterprise AI outsourcing.
Excerpt
Priyanka Salve / CNBC:
Indian IT giant TCS agrees to acquire Porsche's IT consulting business, MHP, for 320M as part of a five-year, 1.25B contract to provide AI services to Porsche — Porsche has signed a five-year contract worth 1.25 billion euros ($1.46 billion) for artificial intelligence …
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