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Global tech firms likely to lead India’s local AI compute charge
Livemint
·
1y ago
Medial
Big tech companies like Google, Microsoft, and Nvidia are expected to play a prominent role in India's push to develop a centralized computing infrastructure for artificial intelligence (AI). The recently approved India AI Mission will involve strategic investments by these firms in India's technology ecosystem. The mission, with a budget of $1.3 billion, will support an AI-compute-as-a-service program, the creation of large language models, and the development of a unified data platform. The AI infrastructure program will be merged with the National Supercomputing Mission and will be implemented through public-private partnerships.
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AI Startups shun domestic market
Inshorts
·
2m ago
Medial
India’s AI startups are avoiding local clients due to repeated demands for unpaid Proof of Concepts (PoCs). The “Skip India Movement” sees firms pivot to global markets like the US and EU, where innovation is valued and pilots are funded. This trend risks domestic AI growth unless Indian corporates adopt fairer engagement practices.
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Bengaluru techies are not even earning one-tenth of Silicon Valley salaries, AI may worsen the gap further
Economic Times
·
1m ago
Medial
Bengaluru, India’s tech capital, offers highly cost-effective software talent, with average salaries at $12,000 annually, about one-tenth of Silicon Valley's $125,000. Despite lower pay compared to other global cities, Bengaluru remains attractive to global tech firms due to its skilled workforce and competitive costs. However, the global tech job market's shift towards AI-driven automation and cost pressures post-pandemic is affecting job structures, with companies like Amazon and Microsoft initiating workforce reductions.
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Flashback 2024: Most active private equity-style investors in India
VCCircle
·
7m ago
Medial
India's private equity landscape in 2024 was led by homegrown alternative investment firms in terms of deal volume, while global buyout firms and sovereign wealth funds made the largest capital commitments. The year’s most active PE investors included seven domestic firms, three global sovereign investors, and four foreign entities. This highlights a dynamic blend of local and international players in India’s growing private equity market scene.
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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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Singapore's GIC smells huge AI opportunity for India
Livemint
·
10d ago
Medial
Singapore's GIC considers AI foundational to its investment strategy, focusing on India for its tech talent and digitization. CIO Bryan Yeo highlights their investment in AI adopters, particularly in Indian starters, and initiatives like the Bridge Forum to connect startups with global firms. Despite geopolitical uncertainties, GIC sees India’s potential in AI, emphasizing the importance of digitalization across sectors like finance and healthcare. GIC also uses AI to enhance internal decision-making processes.
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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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Tech firms to showcase AI innovations in a China under US sanctions - The Economic Times
Economic Times
·
14d ago
Medial
Over 800 tech firms, including Chinese giants like Huawei and Alibaba and global companies like Tesla and Amazon, will gather in Shanghai for the World AI Conference, highlighting China's AI ambitions amid U.S. sanctions. Premier Li Qiang will address the event, underscoring China's goal to lead the AI race by 2030. The conference showcases China’s commitment to AI and self-sufficiency as it faces technological competition from the U.S.
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Attracting global VCs to bridge late-stage funding gap: DIFC Innovation Hub CEO
VCCircle
·
2m ago
Medial
The DIFC Innovation Hub, led by CEO Mohammad Alblooshi, is seeking to attract global venture capital firms to address the late-stage funding gap in Dubai's startup ecosystem. While early-stage funding is abundant, growth-stage capital is lacking, necessitating efforts to draw international investors to the region. The hub, hosting over 1,240 tech firms, offers regulatory support and aims to unlock local capital, positioning Dubai as a hub for fintech and AI innovation.
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AI disruptions will be brief as reskilling drives new jobs: Karnataka IT minister Priyank Kharge - The Economic Times
Economic Times
·
5d ago
Medial
Karnataka's IT Minister Priyank Kharge predicts brief disruptions from AI, as reskilling initiatives like Nipuna Karnataka aim to equip 500,000 individuals for future tech jobs. Kharge highlights the state's lead in technology sectors, supported by significant IT exports, startups, and GCC presence, attracting real estate investments. The focus is on advancing skills in AI, cybersecurity, and digital forensics, ensuring both local and global industry demands are met while maintaining Karnataka's competitive edge.
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DOGE’s federal spends slash unlikely to bleed Indian IT companies
Economic Times
·
5m ago
Medial
The Department of Government Efficiency’s (DOGE) cancellation of federal contracts may affect US-based consulting technology companies but will minimally impact Indian IT firms. Indian IT's exposure to US federal contracts is less than 2% of its revenue, often working with state and local governments instead. While uncertainties exist, DOGE’s tech-focused initiatives might spur opportunities for global tech players, especially those with local US investments. Major consultancies could face significant effects from these changes.
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