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News on Medial
India uniquely placed to benefit from breakthroughs in AI: Indian CG, Shanghai
Economic Times
·
23d ago
Medial
India, as a rising IT superpower, is uniquely positioned to benefit from AI breakthroughs, according to Pratik Mathur, India's Consul General in Shanghai. Speaking at a business forum, Mathur highlighted India's significant demographic advantage, and its economic growth potential, predicting it will become the third-largest economy by 2047. Government initiatives like 'Make in India' have spurred industrial growth, making India the second-largest mobile phone manufacturer, with ongoing indigenisation efforts enhancing various sectors.
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Is India finally building legal ground for AI use?
Inshorts
·
2m ago
Medial
As AI systems grow in power and reach, India is drafting laws that focus on responsible usage. Instead of copying global frameworks, the country is exploring a uniquely Indian approach balancing innovation with accountability. The goal? Make AI safe, inclusive, and rooted in public interest.
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India to eclipse US in AI projects by 2026: Microsoft's Ahmed Mazhari
Economic Times
·
1y ago
Medial
According to senior Microsoft executives, India is emerging as a leader in artificial intelligence (AI) adoption and talent. They mentioned that India is uniquely positioned to enable AI adoption both domestically and in international markets. They also highlighted the vibrant startup ecosystem, the expertise of AI developers in India, and the country's impact on the global GDP. Microsoft aims to democratize access to AI for everyone in India.
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Jacobs awarded CG Semi contract for engineering design of OSAT facility in Sanand
Economic Times
·
8m ago
Medial
- Jacobs has been appointed by CG Semi for the engineering design of their new Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat, India. - CG Semi is a joint venture between CG Power, Renesas Electronics Corporation, and Stars Microelectronics (Thailand). - Jacobs will serve as the engineering, procurement, and construction services (EPCS) partner on the Mini Line and engineering partner on the Main Line. - The OSAT facility will manufacture advanced and legacy packages for industries such as automotive, consumer, industrial, and 5G. - Jacobs' partnership with CG Semi demonstrates their commitment to the semiconductor market in India and their aim to drive growth and technological advancement in the region. - The main facility is planned to be built on over 28 acres, and the pilot plant is currently under construction while the design for the main facility is still in progress.
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AI to see "major second wave," says Nvidia CEO Jensen Huang
IndianStartupNews
·
1y ago
Medial
NVIDIA CEO Jensen Huang predicts a major second wave of AI that will benefit European startups, citing two elements driving this force: the need for every region to build sovereign AI and the adoption of AI in different industries. Huang sees opportunities for breakthroughs in digital biology, healthcare, manufacturing, and robotics, and praises France's AI ecosystem and investments in AI research and development. He emphasizes the importance of computing infrastructure, highlighting Scaleway's role in advancing AI in France and Europe. Additionally, he notes the increasing awareness of training AI with region-specific data to reflect cultural and industrial nuances.
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India played pivotal role in shaping Paris AI summit leaders' statement: Union Minister Ashwini Vaishnaw
Economic Times
·
4m ago
Medial
India played a crucial role in the AI Action Summit in Paris, co-chaired by PM Narendra Modi. Union IT Minister Ashwini Vaishnaw highlighted India's strategic advantages in IT, talent, and innovation, positioning it uniquely in the global AI sphere. The summit's leaders' statement emphasized AI infrastructure access, responsible use, diversity, and governance. India is enabling access to AI infrastructure for startups and academia, and is set to host the next AI Summit, asserting its leadership in AI governance.
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Piyush Goyal’s reality check at Startup Mahakumbh sparks debate
Inshorts
·
2m ago
Medial
At Startup Mahakumbh, Union Minister Piyush Goyal critiqued India's startup ecosystem, urging a shift from low-risk retail models to innovation-driven ventures. Comparing India to China, he highlighted the need for breakthroughs in deeptech sectors. His remarks sparked mixed reactions, with some entrepreneurs criticizing the oversimplification of challenges faced by Indian startups.
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Lenovo eyes PC designing in India to complete manufacturing stack, says MD Shailendra Katyal
Economic Times
·
9m ago
Medial
Lenovo, the Chinese technology company, is considering designing personal computers (PCs) in India to benefit from local talent and complete its manufacturing operations in the country. Currently, Lenovo already manufactures desktops, PCs, and smartphones locally in India. Shailendra Katyal, Managing Director of Lenovo India, expressed that the only missing aspect is PC design, and they could leverage Indian talent for that as well. Lenovo recently announced plans to manufacture AI servers in India, with the Puducherry facility producing 50,000 AI rack servers and 2,400 high-end GPU units annually.
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Technology News Today Live Updates on October 5, 2024: Amazon Great Indian Festival: Gaming laptops for all budgets with over 40% off on top brands like HP, ASUS, and more
Livemint
·
55y ago
Medial
1. Amazon Great Indian Festival offers gaming laptops with over 40% off top brands like HP and ASUS. 2. Stay updated with the latest technology news and developments from around the world. 3. Get insights on new gadgets, software updates, and breakthroughs in AI, blockchain, and more. 4. Discover how technology is impacting both consumers and industries. 5. Get real-time updates on the Amazon Great Indian Festival and its deals on gaming laptops.
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Abu Dhabi’s 3AI, SML in pact to jointly own Indian genAI platform Hanooman
Economic Times
·
1y ago
Medial
Abu Dhabi-based AI investment firm 3AI Holding has partnered with Seetha Mahalaxmi Healthcare (SML) to jointly own the multilingual generative AI platform called Hanooman. The platform, launched on May 1, aims to reach 200 million users across 22 Indian languages in its first year. It will benefit from 3AI Holding's Omega generative AI model, enhancing its capabilities in text, voice, image, and code for users. The exact investment amount by 3AI Holding remains undisclosed. The partnership signifies 3AI Holding's commitment to bringing technology back to India and aligns with the trend of Indian startups developing open-sourced AI models for the Indian market.
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President Murmu Bats For Interdisciplinary Collaboration In AI
Inc42
·
8m ago
Medial
Indian startups are set to benefit from a partnership with Nvidia, as the government aims to strengthen the country's AI ecosystem. The collaboration will see Nvidia work with 2,000 startups. Droupadi Murmu, President of India, highlighted the need for interdisciplinary collaboration in AI during NIT Raipur's 14th convocation. Murmu stated that AI has become a priority globally and will create opportunities across various sectors. He also emphasized the importance of having knowledge about ultra-modern technology to make significant contributions in engineering.
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