TPG Rise Climate to acquire a minority stake in Hypervault AI data center of Tata Consultancy Services for $1bn.

TPG Capital, a private equity investment firm, agreed to acquire a minority stake in HyperVault AI data center of Tata Consultancy Services, a consulting firm specializing in digital transformation and technology solutions, for $1bn. “I am delighted to have TPG join us in our journey to build large GW-scale AI data centers in India, tapping the rapidly growing AI demand. It will further strengthen our partnership with hyperscalers and AI companies. With this capability, TCS is uniquely positioned to deliver complete AI solutions for its customers and partners. We are excited and committed to play a leading role in creating world-class AI infrastructure and solutions for the industry and work towards making TCS the largest AI-led technology services company,” N. Chandrasekaran, TCS Chairman.