India’s tech services giant HCL is getting into the AI datacenter business

Indian tech services giant and retro software house HCL has decided to get into the AI datacenter business. The company yesterday revealed its plan in an announcement [PDF] released alongside its Q1 results, which included news of three-percent year-over-year revenue growth to $3.65 billion and 20 percent growth in net income which reached $488 million. CEO C. Vijayakumar also pointed to 62 percent year-over-year revenue growth for a segment HCL calls “Advanced AI” that encompasses b