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India accelerates to exascale: NSM 2.0 targets pre-exascale supercomputer by 2027-28 - The Economic Times

Economic Times

Economic Times · 1d ago

India accelerates to exascale: NSM 2.0 targets pre-exascale supercomputer by 2027-28 - The Economic Times

India's National Supercomputing Mission (NSM) has made significant strides, deploying 37 supercomputers, totaling 39 petaflops. By March 2026, 10 additional systems will increase total compute power to 95 petaflops. Key applications include drug discovery during COVID-19, weather forecasting, and advanced simulations. NSM 2.0 aims for exascale computing (2 exaflops total capacity) by 2027, placing India among global leaders. Energy-efficient designs and integration with AI are pivotal for the mission's expansion.

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"Vision to transform into integrated consumer services ecosystem," says EaseMyTrip founder Nishant Pitti - The Economic Times

Economic Times

Economic Times · 3m ago

"Vision to transform into integrated consumer services ecosystem," says EaseMyTrip founder Nishant Pitti - The Economic Times

EaseMyTrip is transitioning from a flight-centric travel platform to an integrated consumer services ecosystem, focusing on hotels, holidays, mobility, wellness, and lifestyle services under its EMT 2.0 strategy. This diversification aims to reduce dependence on shrinking flight margins and IRCTC-controlled railways. The strategy emphasizes high-margin acquisitions for growth. The company reported strong financial performance, including an 81.2% increase in hotel bookings and significant growth in its Dubai operations. The vision targets stable, diversified earnings and enhanced customer engagement.

Licious founders push IPO to 2027-28, call unicorn tag ‘a digression’ - The Economic Times

Economic Times

Economic Times · 3m ago

Licious founders push IPO to 2027-28, call unicorn tag ‘a digression’ - The Economic Times

Licious founders Abhay Hanjura and Vivek Gupta plan to delay the IPO to 2027-28, aiming for profitability first, with an 85% current sales focus through their website. They highlight omnichannel expansion plans, targeting 500 offline stores. Despite an 8% revenue dip to Rs 685 crore in FY24, they narrowed losses by 44% to Rs 294 crore. Valuation discussions are sidestepped, as founders seek sustainable growth over unicorn status.

China unveils plan to accelerate integration of AI with energy sector - The Economic Times

Economic Times

Economic Times · 3m ago

China unveils plan to accelerate integration of AI with energy sector - The Economic Times

China has unveiled a plan to integrate artificial intelligence (AI) with the energy sector, aiming for breakthroughs in data, computing power, and algorithms. The initiative seeks to optimize data-sharing, enhance AI and software synergy in energy, and coordinate computing and electricity. By 2027, China targets establishing a robust AI-energy innovation system. The AI sector has expanded significantly, with China aiming for world-leading AI applications in energy by 2030. Over 40,000 smart factories and multiple AI zones are operational.

SiCSem starts work to build country's first end-to-end chip production project in Odisha - The Economic Times

Economic Times

Economic Times · 1m ago

SiCSem starts work to build country's first end-to-end chip production project in Odisha - The Economic Times

SiCSem has begun work to establish India's first silicon carbide (SiC) semiconductor production facility in Odisha. With an investment of approximately Rs 2,000 crore, the plant aims to process 60,000 SiC wafers annually and package 9.6 crore units by 2027-28. The initiative, supported by a collaboration with IIT Bhubaneswar, signifies India's growing electronics sector, emphasized by Union IT Minister Ashwini Vaishnaw, who reiterated government support for industry growth in Odisha.

ETtech Interview: We’re not late to quick commerce; seeing a big uptick among Prime members: Amit Agarwal - The Economic Times

Economic Times

Economic Times · 1d ago

ETtech Interview: We’re not late to quick commerce; seeing a big uptick among Prime members: Amit Agarwal - The Economic Times

Amazon plans to invest $35 billion in India by 2030, a $20 billion increase, focusing on enhanced delivery services and expanding other businesses. The investment includes significant funding for artificial intelligence and cloud infrastructure through Amazon Web Services. By 2030, Amazon aims to create 3.8 million jobs and invest a total of $75 billion in India, as it accelerates its quick commerce ventures amid competition from local rivals like Swiggy, Zepto, and Flipkart.

CDAC Bengaluru to host 30-petaflop supercomputer: IT Secy - The Economic Times

Economic Times

Economic Times · 1m ago

CDAC Bengaluru to host 30-petaflop supercomputer: IT Secy - The Economic Times

India’s National Supercomputing Mission has established over 37 supercomputers with a total capacity of 40 petaflops. A new 30-petaflop supercomputer is set to launch in Bengaluru, reducing technology dependence. Krishnan, a ministry secretary, highlighted India’s advances in high-performance computing, semiconductor design, and quantum technologies. Over 10,000 researchers have utilized these facilities, generating significant academic and industrial innovation. India is enhancing AI infrastructure and fostering indigenous tech development, aiming for global competitiveness in computing technologies.

Kapiva raises $60 million funding led by 360 ONE Asset and Vertex Growth - The Economic Times

Economic Times

Economic Times · 2m ago

Kapiva raises $60 million funding led by 360 ONE Asset and Vertex Growth - The Economic Times

Ayurvedic healthcare brand Kapiva has secured over $60 million in funding led by 360 ONE Asset and Vertex Growth, with participation from existing investors. The funds, comprising $28 million in primary capital and $32 million in secondary transactions, will be used for product R&D, expanding manufacturing, and geographic reach. Kapiva aims for an IPO in 2-3 years. With a presence in 40,000 offline stores and rapid online growth, Kapiva targets 100,000 offline stores within a year.

Tesla gets Texas robotaxi license amid safety lawsuit, Dojo shutdown - The Economic Times

Economic Times

Economic Times · 4m ago

Tesla gets Texas robotaxi license amid safety lawsuit, Dojo shutdown - The Economic Times

Tesla received a license to operate its Robotaxi ride-hailing service in Texas, positioning it against competitors Uber and Lyft. Concurrently, Tesla and CEO Elon Musk are facing a shareholder lawsuit over alleged securities fraud related to self-driving vehicle safety risks. This development comes shortly after Tesla shut down its Dojo supercomputer team, shifting its strategy towards a $16.5 billion deal with Samsung for AI chips. Tesla also opened its first showroom in India.

Tata Motors aims for 4 lakh EV charging points by 2027

Inshorts · 10m ago

Tata Motors aims for 4 lakh EV charging points by 2027

Auto giant Tata Motors has announced plans to bolster the EV charging network in India by increasing the total number of EV charging points to 4 lakh by 2027. The company's EV arm TATA.ev, under Open Collaboration 2.0 is looking to set up 30,000 public fast chargers. The company is forging partnerships to scale charging infrastructure across highways.

AI deployment needs strong checks, mate! - The Economic Times

Economic Times

Economic Times · 2m ago

AI deployment needs strong checks, mate! - The Economic Times

As AI adoption accelerates globally, experts warn of the need for robust governance to prevent systemic harm. They emphasize the importance of human oversight, transparency, algorithm audits, and clear policy frameworks to avoid vulnerabilities like algorithmic bias and cybersecurity risks. India's current lack of AI-specific legislation poses regulatory challenges in implementing comprehensive AI governance. Experts urge the establishment of accountability standards to ensure AI systems remain as efficient decision-making assistants rather than unsupervised entities.

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