Shares of Tata Consultancy Services Ltd (TCS) are trading flat after touching a day’s high of Rs 2,748.70 on 19th February, despite entering into a collaborative partnership with OpenAI, the maker of ChatGPT.
TCS, India’s largest IT company, announced through an exchange filing that it, along with Tata Group and OpenAI, has entered into a multi-dimensional strategic partnership.
The partnership aims to drive AI-powered innovation across the enterprise, consumer, and social sectors. In addition, it will help establish a strong AI infrastructure in India.
Key focus areas include building industry-specific Agentic AI solutions and joint go-to-market (GTM) initiatives. Moreover, integrating Enterprise ChatGPT across Tata Group companies and employees is also a focus area.
OpenAI said India now has over 100 million weekly ChatGPT users. The company also announced a partnership with TCS under the Stargate project to develop a local data centre. OpenAI will be the first customer of TCS’s Hypervault, starting with 100MW. This could potentially scale up to 1GW.
OpenAI CEO Sam Altman said India is leading in AI adoption and is well placed to shape the future of AI due to its talent, ambition, and government support.
Tata Sons Chairman N Chandrasekaran called the partnership a major milestone for India’s AI vision. He urged TCS and Tata employees to undergo AI training, highlighting the enormous opportunities AI presents for India.
At 12:18 PM, shares of TCS were trading 0.24% higher at Rs 2,701.50 on NSE.
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