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India's next AI wave to be driven by inclusive, monetisable solutions, say experts - The Economic Times
Economic Times
·
25d ago
Medial
Experts at an IIM Calcutta Innovation Park event highlighted India’s potential to lead in AI through affordable and impactful applications across key sectors like logistics, agriculture, and education. By focusing on scalable, inclusive solutions, startups can seize the AI opportunity. The collaboration with Google aims to provide early-stage startups with practical training in generative AI tools and connects them with technical and investment support to drive sustainable development and innovation.
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ET Soonicorns Summit 2025: Can India build its own ChatGPT or DeepSeek? - The Economic Times
Economic Times
·
10d ago
Medial
At the ET Soonicorns Summit 2025, experts discussed India's potential to create its own AI models like ChatGPT, highlighting its linguistic diversity, which offers global opportunities. However, challenges include an underdeveloped research ecosystem and funding constraints. Solutions proposed include building small, purpose-driven AI models, improving local infrastructure, and focusing on India-specific needs to monetize AI in a cost-sensitive market. Achieving India's AI ambitions requires enhancing talent retention, funding innovation, and developing scalable products.
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India’s growth opportunity unparallel, to continue investments: Cisco chairman - The Economic Times
Economic Times
·
1m ago
Medial
Cisco Systems plans to continue investing in India, driven by the country's significant growth opportunity. Despite US-India tariff uncertainties, CEO Chuck Robbins affirmed ongoing commitments to India, where Cisco has operated for 30 years. The company, enhancing local manufacturing, aligns with India's 'Make in India' initiative. Cisco focuses on next-gen data centers and AI infrastructure, aiming to support traditional and AI workloads. India's geopolitical climate is noted, but Cisco's investment strategy remains firm.
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DEPwD to host national conference in Bengaluru on AI for disability inclusion
YourStory
·
3m ago
Medial
Bengaluru will host a national conference on May 30, focusing on using artificial intelligence to enhance accessibility and inclusion for persons with disabilities. Organized by the Department of Empowerment of Persons with Disabilities, the event will launch initiatives like Mission AI Accessibility and showcase AI-driven tools for disability support. Attendees include policymakers, technologists, and entrepreneurs. The conference aims to promote inclusive technology via AI solutions, featuring discussions, demonstrations, and keynotes from global experts.
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MediaTek sees big opportunity as Indian EV makers embrace AI, high-performance computing - The Economic Times
Economic Times
·
1m ago
Medial
MediaTek identifies significant potential in India's automotive sector, attributing this to AI's talent pool and electric vehicles' demand for advanced computing. The company plans to expand its influence by focusing on AI, scalable system-on-chips, and next-gen connectivity. The Indian market's openness to AI adoption in vehicles, including energy-efficient solutions for electric vehicles, presents an opportunity. MediaTek also notes rising demand for AI-enabled chips in infotainment systems, predicting broader adoption across various vehicle segments.
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India will become $10 trillion economy over next decade, GCCs to contribute $0.5 trillion - The Economic Times
Economic Times
·
1m ago
Medial
India is poised to become a $10 trillion economy within the next decade, driven by Global Capability Centers (GCCs) contributing $0.5 trillion to the GDP while employing 20-25 million people, according to Gunjan Samdani of Goldman Sachs. India's demographic strengths, technological capabilities, and AI advancements position it as a global growth leader. GCCs are transforming from cost-saving units to innovation hubs, aligning with global trends in AI and digital transformation.
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ET Soonicorns Summit 2025 curtain-raiser: Shaping India’s AI future from infrastructure to ethics - The Economic Times
Economic Times
·
21d ago
Medial
On August 12, 2025, the Economic Times will host a livestream event to explore three key pillars of India's AI advancements: localized infrastructure, fintech security, and ethical governance. This event aims to address how India can establish a secure, inclusive, and competitive AI ecosystem. The sessions will delve into localized data centers, fintech fraud prevention, and ethical challenges in AI, setting the stage for the upcoming ET Soonicorns Summit 2025 in Bengaluru.
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We are AI-first: Paytm CEO outlines vision for tech-driven future of payments - The Economic Times
Economic Times
·
25d ago
Medial
Paytm CEO Vijay Shekhar Sharma highlighted the company's commitment to an AI-first approach, focusing on innovation and strengthening core payment operations for sustainable growth and profitability. Paytm achieved its first profit after tax-positive quarter, driven by strategic focus and disciplined execution. Sharma emphasized their AI-led solutions redefine merchant services, with plans to expand financial services and insurance offerings. The company aims to enhance user experience, strengthen market presence, and contribute to India's digital ecosystem.
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ET Soonicorns Summit 2025: “India lags behind the US, China in foundational tech” - The Economic Times
Economic Times
·
10d ago
Medial
India's potential in AI innovation is being questioned at the ET Soonicorns Summit 2025. Despite having world-class technical talent, there's a lack of urgency among Indian entrepreneurs compared to peers in the US and China. Experts encourage leveraging unique local data and shifting from just consuming AI to producing groundbreaking technologies. India's strengths, including cost advantages and market understanding, are untapped due to insufficient ambition and courage from entrepreneurs to fully exploit AI opportunities.
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Lenders say AI to fintech startups for debt collection
Economic Times
·
5m ago
Medial
Amid rising stress on unsecured consumer loans, lenders are increasingly turning to fintech startups for debt collection solutions. These startups, such as SpoctoX, CreditNirvana, and Rezolv, are leveraging AI and advanced data analytics to predict borrower behavior, mitigate defaults, and optimize collection strategies, reducing costs and enhancing efficiency. The sector sees significant investment, as AI-driven models offer real-time data and predictive insights, highlighting a growing market for innovative debt resolution approaches within India's fintech ecosystem.
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India AI Mission: 43 of 506 foundational AI model proposals target large language models - The Economic Times
Economic Times
·
2m ago
Medial
India's AI mission is advancing, with 43 of 506 proposals focusing on developing large language models (LLMs). The government supports startups like Sarvam and Gan with GPUs and funding. This focus on foundational AI models highlights India's strategic emphasis on sovereign and culturally relevant AI. With over 2,000 GPUs needed per model, the initiative aims to develop indigenous AI solutions suitable for India's diverse needs, supported by significant government and private investment.
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