Infosys, TCS, or HCL: Who Will Get AI Infrastructure Right?
India's three biggest IT companies are making opposite bets on AI infrastructure, and the gap between them is widening fast. Infosys is staying asset-light, returning 85% of free cash flow to shareholders and skipping data centres entirely. TCS is building gigawatt-scale capacity through a $1 billion equity partnership with TPG under its HyperVault initiative. HCL is going furthest, putting $150 million into Sarvam and Rs 3,500 crore into its own AI data centres. This episode maps how each strategy reflects a different view of where the Indian stock market and enterprise AI are heading, and…
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