News Summary

• Tata Consultancy Services (TCS) has secured $1 billion from private equity firm TPG as part of a multi-year, $2 billion project to build a network of gigawatt-scale data centers in the country.
• The project, dubbed “HyperVault,” comes as demand for AI compute is rising faster than companies can build the power-hungry infrastructure needed to support it.
• Big tech companies and cloud providers have been investing billions of dollars to expand local capacity and tap the country’s growing adoption of AI products.