TNB Tech Minute: Tata Group and OpenAI Team Up to Develop AI Data Centers

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Here's your morning TNB Tech Minute for Thursday, February 19th. I'm Julie Chang for The Wall Street Journal. India's Tata Group and OpenAI are teaming up to offer AI services, the latest deal aimed at advancing the South Asian country's position in the global AI race.

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The Information Technology Services provider said it will develop AI infrastructure with 100 megawatts of capacity in the initial phase. The partnership with OpenAI comes on the heels of rival Infosys' collaboration with Anthropic, announced earlier this week. News Corp, owner of The Wall Street Journal and Dow Jones Newswire, has a content licensing partnership with OpenAI.

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Klarna swung to a $26 million net loss in the fourth quarter, reversing a $40 million profit from a year earlier, despite reporting a jump in revenue and more than doubling its number of banking customers. The buy now, pay later company's revenue jumped 38% to more than $1 billion, slightly exceeding analysts' expectations.

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Klarna ended the quarter with about 118 million active users, up 28% from a year earlier, and the company added approximately 115,000 merchants during the period. The company said it expected $900 to $980 million in the current quarter revenue.

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And DoorDash is positioning itself for an AI-led future. Its CEO said AI agents will expand DoorDash's role as the middleman between consumers and businesses.

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On an earnings call, he said DoorDash could use agentic commerce in which bots make purchases for human users. The food delivery company posted mixed quarterly results late Wednesday, but forecast higher than expected gross order value for this quarter. Shares dropped 9% in pre-market trading.