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 will purchase Porsche’s IT consulting unit MHP for €320 million, securing a five-year contract worth €1.25 billion to deliver AI services to the automaker. In the same period, Nvidia reported Q2 revenue of $96.22 billion, a 106% year-over-year increase, with data-center sales climbing 117% to $89 billion and net income rising 126% to $59.7 billion.