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IBM renews collaboration with IIT Bombay and IISc to drive hybrid cloud & AI innovation

Economic Times

Economic Times · 1y ago

IBM renews collaboration with IIT Bombay and IISc to drive hybrid cloud & AI innovation

IIT Bombay joined the IBM AI Horizon Network in 2018 to advance AI research in India, and in 2021, IBM and IISc Bangalore launched the IBM-IISc Hybrid Cloud lab to advance research in hybrid cloud technologies and drive breakthrough innovations in this area.

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IIT Bombay's tech incubator platform mulls raising $12 mn foor deeptech bets

VCCircle

VCCircle · 9m ago

IIT Bombay's tech incubator platform mulls raising $12 mn foor deeptech bets

The Society for Innovation & Entrepreneurship (SINE), an incubator at IIT Bombay, plans to establish a $12 million fund to support deeptech start-ups and ventures in areas of national importance. The fund will focus on sectors such as science, biotech, space, and defence to drive innovation. SINE will seek support from IIT Bombay alumni to raise the capital for the fund, which aims to build on the incubator's 20-year track record of supporting start-ups. SINE has partnerships with various government ministries and offers resources like workspaces, labs, and access to funding.

AI Alliance expands community with seven more members from India

YourStory

YourStory · 11m ago

AI Alliance expands community with seven more members from India

Seven Indian organizations, including AI4Bharat, IIT Jodhpur, Infosys, KissanAI, People+AI, Sarvam AI, and Wadhwani AI have joined the AI Alliance, a global community focused on promoting safe and responsible AI through open innovation. The AI Alliance, which already includes IIT Bombay as a founding member, provides a platform for collaboration and contribution towards shaping the global AI landscape. The new Indian members bring diverse expertise, spanning technology, agriculture, and AI research, and will contribute to addressing the unique opportunities and challenges of AI in India. The alliance was established in 2023 and emphasizes collaboration in AI software, data, safety, security, hardware, and education.

IBM Signs MoU To Deploy AI Cluster At GIFT City

Inc42 · 1y ago

IBM Signs MoU To Deploy AI Cluster At GIFT City

IBM is set to launch an AI cluster in GIFT City, India, to drive innovation and collaboration in the financial industry. The cluster will utilize IBM's GenAI platform, watsonx, to provide financial institutions with support in areas such as proof of concept and access to AI Sandbox, AI literacy programs, and digital assistant solutions. In recent years, Indian GenAI startups have raised over $600 million in funding.

Gujarat govt signs MoUs with IBM, Microsoft for enhancing AI capabilities

YourStory

YourStory · 1y ago

Gujarat govt signs MoUs with IBM, Microsoft for enhancing AI capabilities

The Gujarat government has signed memorandums of understanding with IBM, Microsoft, and NASSCOM to promote the use of AI technologies in the state. IBM will establish an AI cluster in GIFT City to foster innovation and collaboration in financial institutions, while Microsoft will establish an AI Center of Excellence focusing on machine learning and cognitive services. The state government has also partnered with NASSCOM to enhance AI capabilities. These initiatives align with Prime Minister Narendra Modi's goal of leveraging advanced technologies to drive India's economic growth. The government aims to train 25,000 students in deep technology courses over the next three years.

IIT Bombay alumni gift Rs 57 crore to institute

Economic Times

Economic Times · 1y ago

IIT Bombay alumni gift Rs 57 crore to institute

The Indian Institute of Technology, Bombay (IIT Bombay) has received a record-breaking donation of Rs 57 crore from its class of 1998 as part of its silver jubilee celebrations. This donation exceeds the previous record of Rs 41 crore given by the class of 1971 during their golden jubilee celebrations. The funds will be used for academic projects and research at IIT Bombay, including creating eco-friendly hostels, fostering innovation, and providing scholarships. Over 200 alumni, including top global executives, have contributed to this initiative. IIT Bombay aims to continue its excellence and development with the support of its alumni.

L&T Semiconductor Technologies Partners With IBM To Design Processors

Inc42 · 11m ago

L&T Semiconductor Technologies Partners With IBM To Design Processors

IBM and L&T Semiconductor Technologies have partnered with a focus on research and development to design advanced processors. The collaboration will encompass processor design for edge devices, hybrid cloud systems, as well as various sectors including mobility, industrial, energy, and servers. This partnership is part of the growing semiconductor activity in India, where the country is attracting investments from major players in the industry.

IIT Madras, Startup Policy Forum sign MoU to bridge industry-academia gap

YourStory

YourStory · 6m ago

IIT Madras, Startup Policy Forum sign MoU to bridge industry-academia gap

IIT Madras has partnered with the Startup Policy Forum (SPF) to enhance India's startup ecosystem through policy advocacy. This collaboration will leverage IIT Madras's research expertise and SPF's policy engagement skills to foster innovation and entrepreneurship. It will support the Centre for Research on Start-Ups and Risk Financing (CREST) and promote IIT Madras's startup intelligence platform, YNOS. The partnership aims to drive forward-thinking policies for empowering Indian startups.

NPCI Inks Pact With IISc To Conduct Research On AI, Blockchain

Inc42 · 1y ago

NPCI Inks Pact With IISc To Conduct Research On AI, Blockchain

The National Payments Corporation of India (NPCI) has signed a multi-year Memorandum of Understanding (MoU) with the Indian Institute of Science (IISc), Bengaluru for joint research on blockchain and artificial intelligence (AI) technology. The partnership aims to focus on scalable blockchain platforms, multi-modal analytics over fintech data, and practical challenges in the field. Additionally, the collaboration will establish the "NPCI-IISc Centre of Excellence (CoE) for Deep Tech Research & Development" to further innovation. The development aligns with the Indian government's increased emphasis on technological innovation.

IIT Bombay incubator to scale startup support, launch Rs 100 Cr VC fund

YourStory

YourStory · 9m ago

IIT Bombay incubator to scale startup support, launch Rs 100 Cr VC fund

The Society for Innovation & Entrepreneurship (SINE), a technology business incubator based at IIT Bombay, plans to expand its support to 1,000 startups over the next 10 years. Currently, SINE has nurtured 245 startups with an impressive 80% survival rate. To fuel its growth, SINE will launch a Rs 100-crore venture capital fund to finance deeptech startups in sectors like biotech, space, defence, and sustainability, with backing from IIT Bombay alumni. SINE has produced successful startups like Gupshup and IdeaForge and aims to become a dominant force in innovation and entrepreneurship in India.

Hyundai to invest $7M in battery, electrification research with IITs

YourStory

YourStory · 8m ago

Hyundai to invest $7M in battery, electrification research with IITs

Hyundai Motor Group has partnered with three Indian Institutes of Technology (IIT) to establish a collaborative research system in the fields of batteries and electrification. The group, which will invest $7 million over five years, has joined forces with IIT Delhi, IIT Bombay, and IIT Madras. The Hyundai Center of Excellence will be set up within IIT Delhi and will focus on driving advancements in batteries and electrification that meet the unique requirements of the Indian market. The collaboration will also facilitate exchanges between battery and electrification experts from Korea and India.

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