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News on Medial
AI2 Incubator scores $200M in compute to feed needy AI startups
TechCrunch
·
1y ago
Medial
AI2 Incubator, a start-up accelerator spun out of AI research organization the Allen Institute for AI, has secured $200m worth of computing resources to offer to start-ups in its incubator program. The dedicated AI-style compute can help early-stage companies accelerate their development and overcome resource constraints. Start-ups in AI2 Incubator's portfolio or program can access up to $1m worth of computing at data centers owned by a yet unnamed partner. The initiative aims to help start-ups showcase early traction and bring their AI products to market faster.
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Govt May Tap Into VGF To Create More Compute Capacity: IT Secy
Inc42
·
10m ago
Medial
The Indian government's India AI Mission plans to allocate over INR 4,500 crore for compute capacity. Once high-tech "compute" capability is established, the Centre will consider exploring the viability gap funding (VGF) route. The AI Mission aims to democratize access to compute power, support AI-driven startups, and scale up AI applications.
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MSH ‘Investor Connect Programme’ Reaches Delhi To Provide Funding Opportunities To Startups
Inc42
·
1y ago
Medial
The MeitY Startup Hub (MSH) is hosting an Investor Connect Programme on April 10 in Amity Innovation Incubator, Delhi NCR. The event aims to connect ten startups from sectors like fintech, edtech, AI, analytics, and agritech with over 20 investors. Supported by Amity Innovation Incubator and Inc42, the programme aims to empower emerging startups and facilitate funding opportunities. Delhi NCR is a growing innovation hub in India, ranking second in terms of startup funding. The Amity Innovation Incubator provides support to startups through its comprehensive ecosystem and has aided the growth of over 850 ventures.
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India looking to build computing capacity for sovereign AI: Report
Inshorts
·
1y ago
Medial
The government is looking to build computational capacity and offer compute-as-a-service to India's startups as part of its AI mission to develop its own 'sovereign AI', according to a report. The compute capacity will measure over 10,000 GPUs (graphics processing units), MoS IT Rajeev Chandrasekhar reportedly said. Notably, Microsoft had built a 10,000-GPU supercomputer for OpenAI.
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GPU access: Govt may chip in with Nvidia deal
Economic Times
·
1y ago
Medial
India is considering a deal with Nvidia to source graphics processing units (GPUs) for its ₹10,000 crore Artificial Intelligence Mission. The plan, in its early stage, aims to offer subsidised GPUs to local startups, researchers, and academic institutions. This move is driven by the global need for AI compute infrastructure and the significant cost and scarcity of GPUs. Two possible options for providing AI compute infrastructure are being considered: a rent-and-sublet model or a marketplace model with incentives. Currently, Indian companies are looking abroad for compute infrastructure due to the lack of GPUs domestically.
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MSH’s ‘Investor Connect Programme’ Reaches Delhi To Provide Funding Opportunities To Startups
Inc42
·
1y ago
Medial
The MeitY Startup Hub's 'Investor Connect Programme' will take place on April 10 at Amity Innovation Incubator in Delhi NCR. Ten startups from sectors such as fintech, edtech, AI, analytics, and agritech will present their products and solutions to over 20 investors. The programme aims to connect emerging startups with investors and empower them. The Delhi NCR region is the second-largest in terms of startup funding and the Delhi government has finalized a Startup Policy to support and foster 15,000 startups by 2030. Amity Innovation Incubator supports entrepreneurs and has a network spanning multiple cities. The Investor Connect Programme serves as a launchpad for startups to raise funding and enhance their skills.
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Silicon Valley investor Chamath Palihapitiya announces incubator for enterprise software startups
Economic Times
·
1y ago
Medial
Billionaire investor Chamath Palihapitiya has launched 8090, a fully funded incubator aimed at helping enterprise software startups. The incubator aims to provide startups with an 80% feature complete version of their software at a 90% discount. It will leverage artificial intelligence and offshoring to keep costs low and development times short. Startups will also gain access to mentors and advisors through the incubator. Palihapitiya, a former executive at Facebook and founder of venture fund Social Capital, currently faces multiple lawsuits related to his push for special purpose acquisition companies.
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India to launch AI Mission to help startups with compute power: PM Modi
Money Control
·
1y ago
Medial
Indian Prime Minister Narendra Modi announced that India will launch an AI Mission to provide compute power to startups and innovators in sectors like healthcare, agriculture, and education. The mission aims to support innovation in emerging technologies by creating computing infrastructure with GPUs. However, the exact compute power to be commissioned was not specified. PM Modi made this announcement during his inaugural address at the Global Partnership for AI Summit in Delhi, emphasizing the need for international collaboration to ensure responsible AI development and mitigate the potential risks associated with it.
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T9L Partners IndiaTech To Incubate 25 Early Stage Tech Startups
Inc42
·
1y ago
Medial
Indian startup studio T9L and industry body IndiaTech have launched QUBE, an early-stage incubation programme for startups. The incubator plans to onboard 25 startups in its first cohort, offering financial support and strategic guidance from experienced founders. QUBE aims to help startups avoid failure by providing a range of services including venture strategy shaping, product supervision, HR support, legal guidance, investment banking, and marketing. The incubator will leverage the startup studio model to offer personalised attention and hands-on support across various verticals.
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Stanford researchers challenge OpenAI, others on AI transparency in new report
Arstechnica
·
1y ago
Medial
Stanford University researchers have released a report called "The Foundation Model Transparency Index," which examined major AI models from companies including OpenAI, Google, and Meta. The report found that the models lacked transparency and called for increased disclosure of data and labor practices. The Transparency Index graded 10 popular foundation models on indicators such as training data, labor practices, and compute usage. All models received scores deemed as "unimpressive," with Meta's Llama 2 language model receiving the highest score and Amazon's Titan model receiving the lowest. The researchers hope the report will encourage companies to improve transparency and provide guidance for potential AI regulation.
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DENSO Partners T-Hub To Foster Auto Startups In Telangana
Inc42
·
9m ago
Medial
DENSO and startup incubator T-Hub have agreed to collaborate on a mentoring program for selected startups. Under this partnership, DENSO will provide access to R&D resources and technical expertise to startups operating in sectors such as AI, electrification, advanced driver assistance systems, and V2X. T-Hub, a partnership between the Telangana government, academic institutions, and the private sector, aims to foster innovation since its inception in 2015.
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