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News on Medial
India to lead next evolution of technology, says Nvidia South Asia MD
YourStory
·
11m ago
Medial
India is poised to lead the next wave of technology advancements, according to the Managing Director of Nvidia India. With its deep cultural heritage and the integration of machine intelligence, India is uniquely positioned to be a global technology leader. The digital divide in the country presents an opportunity for advancements in technology, particularly in the field of AI. The government is also focusing on expanding innovation beyond major cities through the establishment of centers of excellence. Technology companies are urged to increase their R&D spending to transform India into a product-focused nation.
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Ericsson mulls telecom equipment export from India in future; expects 5G use cases to emerge locally
YourStory
·
1y ago
Medial
Ericsson is considering exporting telecom equipment from its India plant in the future, according to Ng Thiaw Seng, Head of Network Solutions Strategic Network Evolution Market Area South East Asia, Oceania, and India. Currently, the entire production of the India plant is being consumed locally due to high demand. Ericsson sees India as a strategic market and expects significant use cases for 5G to emerge within the next two years. India has the fastest deployment of 5G networks, although telecom operators are still developing ways to monetize their 5G investments.
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Artificial intelligence not ‘hyped enough’: Microsoft’s Puneet Chandok
Economic Times
·
1y ago
Medial
Microsoft India and South Asia president Puneet Chandok believes that the hype around artificial intelligence (AI) is not sufficient considering the high expectations of the next generation. He emphasized the transformative impact of AI on various aspects of daily life, stating that AI is not hyped enough and that the next generation will have higher expectations of what technology can do for them. Chandok also expressed the need for more extensive training in AI, highlighting Microsoft's commitment to skill over 100,000 developers in India.
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Keen On Partnering With Indian Cos To Deploy GPUs: NVIDIA
Inc42
·
1y ago
Medial
NVIDIA, the graphics processing unit (GPU) manufacturer, is looking to partner with more Indian companies to deploy its AI solutions. Vishal Dhupar, managing director of NVIDIA Asia-South, expressed the company's interest in working with businesses to bring GPUs to India and support local innovation. Dhupar mentioned the investment made by Niranjan Hiranandani-backed Yotta Data Services to acquire 16,000 GPUs, marking NVIDIA's first major AI investment in India. However, Dhupar noted that AI research progress in India is limited due to inadequate infrastructure, with only about 2% of global AI research being contributed from India.
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Universal Music Group announces changes to India senior leadership team
Livemint
·
1y ago
Medial
Universal Music Group has made changes to its leadership team in India, promoting Sanujeet Bhujabal to the role of managing director of Universal Music India and South Asia. Bhujabal, who was previously the executive vice president of content, will report to Devraj Sanyal, chairman and CEO of Universal Music India & South Asia. Additionally, Viral Jani has been appointed as the chief revenue officer for Universal Music India and South Asia. With the rise of non-film songs in India, music labels are focusing on expanding their catalogues and reaching a wider audience.
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Ranjan Pai's Claypond Capital hires Shravan Subramanyam to lead medical tech platform
YourStory
·
7m ago
Medial
Claypond Capital has appointed Shravan Subramanyam, a seasoned expert in life sciences and medical devices, to lead its medical technology platform. Subramanyam, formerly of Wipro-GE Healthcare, holds a medical degree and an MHA. He has extensive international experience, including roles at Roche and Novartis. He aims to enhance med-tech presence in South Asia and beyond. India's medical devices market, valued at Rs 1.2 lakh crore in 2023-24, is expected to grow significantly.
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StanChart picks former JPMorgan executive as next India head
VCCircle
·
8m ago
Medial
Standard Chartered has selected former JPMorgan executive P.D. Singh as its next CEO for India and South Asia. The appointment is pending approval from the Reserve Bank of India. If approved, Singh will replace Zarin Daruwala, who is set to retire in April 2025. Standard Chartered has been in India for over 160 years and has a network of 100 branches in 42 cities.
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PriyoShop Raises US$5M in Pre-Series A Funding
Finsmes
·
1y ago
Medial
Bangladeshi B2B retail marketplace PriyoShop has raised $5m in pre-seed funding. The round was led by Century Oak Ventures, with participation from Evolution Ventures, Iterative, SOSV, GFR Fund, BonBillo, Accelerating Asia, South Asia Tech Partners, and Voltity. PriyoShop will use the funds to introduce its retail supply chain solutions to businesses across various sectors. The company offers partnerships with brands and suppliers, enabling them to digitise logistics support and streamline operations across Bangladesh. It has already partnered with over 200 brands and is expanding into the food and beverage industry.
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India a credible, unstoppable force: Microsoft country head Puneet Chandok
Economic Times
·
1y ago
Medial
Microsoft India and South Asia President, Puneet Chandok, stated that India is now a credible and unstoppable force in the technology sector, with 100 new startups being incorporated in the country every day. Chandok emphasized that every sixth developer working on AI globally is from India and that 16% of the incremental growth for the globe is contributed by India. He urged individuals to embrace AI, calling it the defining technology of a lifetime.
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Elon Musk reacts to SoftBank-OpenAI’s $500 billion AI project, says ‘they don’t have the money’
Economic Times
·
6m ago
Medial
Elon Musk commented on OpenAI and SoftBank’s $500 billion 'The Stargate Project,' suggesting they lack the necessary funds. The project aims to build AI infrastructure in the US with Masayoshi Son as chairman and SoftBank and OpenAI as lead partners. While SoftBank manages finances, OpenAI oversees operations. Oracle, MGX, Arm, Microsoft, Nvidia, and Oracle are involved as investors and technology partners. Construction has started in Texas, leveraging Azure and Nvidia for AGI research.
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Nvidia CEO says next chip after H20 for China won't be from Hopper series
Economic Times
·
2m ago
Medial
Nvidia is reassessing its approach to the Chinese market after U.S. restrictions on Hopper H20 chip sales. CEO Jensen Huang confirmed the next chip for China wouldn't be from the Hopper series. Facing competition from domestic rivals like Huawei, Nvidia plans to introduce a downgraded H20 version to sustain sales. China, vital to Nvidia's growth, contributed $17 billion in revenue, 13% of total sales. Huang criticized past AI export regulations, advocating for broader technology distribution.
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