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News on Medial
Colliers close to bagging deal for constructing Infibeam’s AI extension hub in Ahmedabad
Thehindubusinessline
·
1y ago
Medial
Real estate consultants Colliers are in the lead to secure a $10 million contract for building the Artificial Intelligence and Technology Extension Hub of Infibeam Avenues in Ahmedabad. This hub is expected to be completed within 18 months and will serve as an extension of Infibeam Avenues' proposed AI Hub in Gift City. The Ahmedabad campus will bring together AI and technology businesses, providing a collaborative ecosystem for innovation and synergy within the AI industry. Additionally, Infibeam Avenues plans to invest ₹2,000 crore in its AI Hub at GIFT City by 2030.
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Ahmedabad Next Stop On MeitY Startup Hub’s Journey To Provide Funding Opportunities To Startups
Inc42
·
1y ago
Medial
The Ministry of Electronics and Information Technology (MeitY) Startup Hub will host the 'MeitY Startup Hub Investor Connect Programme' in Ahmedabad, Gujarat on March 22. The event aims to connect early-stage startups with investors and provide opportunities for funding and scaling. Inc42 and IIMA Ventures are supporting the programme, which will also help MeitY's incubation centres build investor networks. Gujarat has emerged as a valuable startup hub, receiving recognition for its vibrant ecosystem. IIMA Ventures, an entrepreneurship centre at IIM Ahmedabad, has contributed significantly to the growth of startups in Gujarat.
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Silverneedle Ventures has final close of maiden fund in sight after initial hiccups
VCCircle
·
1y ago
Medial
Early-stage venture capital firm, Silverneedle Ventures, is set to achieve the final close of its inaugural fund after facing some initial challenges. The fund has a target size of Rs 100 crore ($12 million) with an optional extension of Rs 50 crore. Despite facing delays in deal closures, the firm remains optimistic about reaching its fundraising goal.
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Lucknow in the lead: Uttar Pradesh plans India's first AI city
StartupTalky
·
1y ago
Medial
Uttar Pradesh, India's most populous state, is set to build the country's first AI city in Lucknow. With a rapidly expanding global AI market, the city aims to become a leading hub for artificial intelligence adoption and innovation. The project will involve constructing state-of-the-art infrastructure, including plug-and-play office spaces and a dedicated tower for collaboration and growth. The government is offering financial benefits and incentives to the chosen developer, such as land allocation, subsidies, and stamp duty exemptions. The AI city will also include housing complexes, academic institutions, and smart transportation systems, promoting sustainability and efficiency.
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Microsoft's Mustafa Suleyman is opening an AI hub in London — here's why
Business Insider
·
1y ago
Medial
Microsoft is opening an AI hub in London, competing with other tech companies in the race for top AI talent. The move follows Microsoft's recent hiring of Mustafa Suleyman, co-founder of Google DeepMind, to lead the company's consumer AI initiatives. The AI hub will be based in Microsoft's London Paddington office and will focus on language models and infrastructure. Microsoft plans to invest significantly in the UK's AI talent pool and will be posting job openings in the coming weeks. Suleyman highlighted the UK's commitment to responsible AI advancement and his close work with government, academia, and the business community in the country.
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Is Pune The Next Bengaluru In The Making?
Inc42
·
9m ago
Medial
- Pune has seen a rapid rise in the number of unicorns, with close to 10 unicorns emerging in just four years. - Smaller cities like Pune, Hyderabad, Chennai, Ahmedabad, and Jaipur are challenging the tech startup dominance of Bengaluru, Delhi NCR, and Mumbai. - Pune's proximity to Mumbai and its young, ambitious talent pool make it an attractive location for startups. - Despite challenges in infrastructure and public transport, Pune has the potential to expand beyond its limits through government initiatives and tax incentives. - Pune is the most promising emerging startup hub in India, with significant investor interest and a total funding of $4.7 Bn raised across 355 deals between 2014 and 2023.
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PJT Partners to buy Dubai-based advisory firm in Middle East push
VCCircle
·
10m ago
Medial
Investment bank PJT Partners has agreed to acquire Dubai-based advisory firm deNovo Partners, as it looks to expand its presence in the Middle East and gain access to a client base of prominent businesses and government-related entities. The deal, which is expected to close next month, highlights the growing prominence of Dubai as a global financial hub and the increasing investments by global banks in the Middle East. The terms of the deal were not disclosed. deNovo has provided advisory services in the region for over four years and will continue to operate under its founder and executive chair, May Nasrallah.
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Australia spy agency moves intelligence data to cloud in Amazon deal
Economic Times
·
1y ago
Medial
Australia has signed a A$2 billion deal with Amazon Web Services to transfer its top secret intelligence data to the cloud. The move aims to enhance defense force interoperability with the United States. The Australian Signals Directorate plans to utilize artificial intelligence for data analysis, while also ensuring ethical and well-governed use of AI tools. The shift involves constructing top secret data centers in Australia and using Amazon's cloud services for improved data resilience. Interoperability with security partners, particularly the US, is a key focus for Australia.
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MO Alts marks first close of new real estate fund
VCCircle
·
1y ago
Medial
Mumbai-based MO Alts, the alternatives investment arm of Motilal Oswal Group, has achieved the first close for its India Realty Excellence Fund VI, a real estate-focused credit fund. The fund has raised over INR 1,250 crore ($181 million), more than half of its target corpus of INR 1,500 crore. MO Alts has also established a vehicle in Gujarat's GIFT City to facilitate international investments. The fund aims to invest in pre-approved residential projects across India's top eight residential markets, offering mezzanine debt to large developers constructing middle-income housing projects. The final close is expected in the next six months.
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AMD to acquire Finnish startup Silo AI for $665 million to step up in AI race
Economic Times
·
1y ago
Medial
Advanced Micro Devices (AMD) has announced its acquisition of Finnish AI startup Silo AI for $665 million in cash to bolster its AI chip capabilities and compete with industry leader Nvidia. The deal allows AMD to improve the development and deployment of AI models powered by its chips. Silo AI specializes in AI-driven solutions, helping customers integrate the technology into their products and services. The acquisition is part of AMD's ongoing expansion in the AI landscape, following previous acquisitions and investments in AI software companies. The deal is set to close in the second half of 2024.
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Meta adds another 650 MW of solar power to its AI push | TechCrunch
TechCrunch
·
1m ago
Medial
Meta has secured a new solar deal of 650 megawatts across projects in Kansas and Texas to support its data centers powering AI operations. This is the fourth solar deal the company announced in 2025, focusing on expanding its renewable power portfolio beyond the existing 12 gigawatts. Texas, a hub for solar development due to ample sunshine and quick permitting, supports Meta’s vision of inexpensive, scalable, and rapid solar deployment, reinforcing the region's leadership in solar capacity growth.
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