AI Summary
Porsche AG has entered into a five-year agreement with Tata Consultancy Services worth $1.5 billion to implement artificial intelligence across various functions. As part of the deal, Tata will also acquire Porsche's consulting unit based in Germany for 320 million euros.
- Porsche AG has partnered with Tata Consultancy Services Ltd. for a deal valued at 1.25 billion euros ($1.5 billion).
- The partnership will focus on deploying artificial intelligence in Porsche's engineering, manufacturing, operations, and customer experience over the next five years.
- Tata Consultancy Services will also purchase Porsche's consulting unit, MHP Management- und IT-Beratung GmbH, for an enterprise value of 320 million euros.
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