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News on Medial
Marriott to open tech accelerator in Hyderabad next year
Economic Times
·
10m ago
Medial
- Marriott International is establishing a new tech accelerator in Hyderabad, its first overseas global capability centre (GCC). - The move is aimed at leveraging the city's technology talent and drive innovation, next-gen solutions, and security capabilities across the company's global enterprise. - The GCC will focus on software engineering, infrastructure and operations, and cybersecurity. - The accelerator will be staffed with a range of skill sets, from analysts to high-end skilled workers. - Marriott's expansion plans in India include increasing its room count to over 42,000 in the coming years, from the current 29,000 rooms across 17 brands. - The company sees India as a natural fit for a GCC due to its strong brand presence and established relationships in the country.
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Telangana goes all out to get MNCs to open tech base in state
Economic Times
·
11m ago
Medial
Telangana is actively wooing tech giants like Amazon Web Services (AWS) and other major brands in various sectors to set up or expand operations in the state. Discussions are underway with AWS to invest an additional $2 billion in data center capabilities in Telangana. Additionally, hospitality giant Marriott Group is establishing its first global capability center in Hyderabad. Telangana aims to attract diverse multinationals to establish their tech hubs in the state. Telangana is also engaging with aerospace and defense companies to establish centralized captive units. The state faces competition from other regions for investments.
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AWS Launches Its First Space Tech Accelerator Program, With T-Hub, And Minfy
OutlookIndia
·
1y ago
Medial
Amazon Web Services (AWS) India has introduced its first accelerator program called AWS Space Accelerator: India. The program aims to support start-ups in the space technology sector by providing technical expertise, business mentoring, and support from T-Hub and Minfy. This initiative follows the memorandum of understanding signed by AWS with ISRO and IN-SPACe last year to nurture start-ups and drive innovation in space-tech. The 14-week accelerator program offers dedicated resources, guidance, and up to $100,000 in AWS credits for qualifying start-ups. The program is open to early-stage and mature start-ups based in India until March 17th, 2024.
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Startup news and updates: Daily roundup (July 24, 2024)
YourStory
·
1y ago
Medial
FAAD Capital has made pre-seed investments in four agritech startups through its AgriManch Accelerator. Godaam Innovations, VedaFit Foods, Aqin Biotech, and Mkelly Biotech have collectively received $121K in funding, as well as access to networking opportunities and expertise in go-to-market strategies. Meanwhile, Myntra has added a gifting category to its ecommerce platform, partnering with gifting players like Ferns and Petals, IGP, Floweraura, Interflora, and Marriott. The company aims to expand its selection to one lakh products by the Rakhi season and plans to offer same-day and next-day delivery in 10 cities. Gupshup has appointed Lorrie Norrington, an expert in scaling internet businesses, to its Board.
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India has huge growth potential, even more than China: David S. Marriott
Livemint
·
10m ago
Medial
- Business travel is recovering at different rates across different regions, with the Asia Pacific (excluding China) and India showing strong growth. - China and the US have experienced slower growth, resulting in a reduction in Marriott's RevPAR projections. - The company is focusing on expanding its presence in India due to the country's growth potential and importance in the market. They have signed over 5,000 hotel rooms in 30 hotels in India this year. - Marriott plans to introduce new brands in India, including City Express by Marriott and Four Points Flex by Sheraton. - In the next five years, Marriott's focus in India will primarily be on luxury and premium hotels, especially in resort areas. - The hospitality industry is facing a shortage of talent, particularly in food and beverage, housekeeping, and engineering. Marriott is implementing new strategies, such as flexible work arrangements and partnerships for talent development, to address this challenge.
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AWS Looking To Inject Additional $2 Bn Into Telangana To Fuel Its Data Operations
Inc42
·
11m ago
Medial
Amazon Web Services (AWS) is in talks to invest $2 billion in Telangana to expand its data center capabilities. Telangana is focused on attracting multinational corporations and big brands in sectors like hospitality, defense, and aerospace to establish or expand their operations in the state. Marriott Group is also setting up its first global capability center in Hyderabad, Telangana.
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Chalet Hotels acquires Marriott property Courtyard for ₹315 crore
Livemint
·
1y ago
Medial
Chalet Hotels, part of K Raheja Corp group, has acquired Courtyard by Marriott Aravali Resort for ₹315 crore. The 158-room property was on the market for about a year. This acquisition aligns with Chalet Hotels' plans to add around 800 rooms to its portfolio. The company reported a net profit of ₹195 crore for the first nine months of the current fiscal year. Chalet Hotels collaborates with operators such as Accor, Marriott, Hyatt, and Taj, managing various properties across India.
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Armored Cars and Trillion Dollar Price Tags: How Some Tech Leaders Want to Solve the Chip Shortage
Livemint
·
1y ago
Medial
Corporate technology leaders are hoping that the shortage of advanced artificial intelligence (AI) chips will improve next year. The scarcity of graphics processing units (GPUs) - which power AI applications through parallel processing - has led to concerns among tech leaders about securing the necessary hardware. At The Wall Street Journal's CIO Network Summit, discussions centered on the challenges of obtaining GPUs, while also highlighting the potential for other AI accelerator chips to compete with Nvidia's offerings. Despite the chip shortage, there is optimism that chip availability will improve in the coming year.
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India will be among leading exporters of defence equipment in 10 years: DRDO chairman
YourStory
·
10m ago
Medial
- India aims to become one of the leading exporters of defence equipment in the next ten years. - The country's defence imports have been decreasing, with nearly 90% of the capital acquisition budget last year being used on indigenous systems. - In ten years, the imports are expected to be negligible, with an estimated 5 to 10% remaining. - India has set a target to achieve exports worth Rs 50,000 crore by 2028 and Rs 1 lakh crore by 2035. - The Defence Innovation Challenge for Excellence (DICE) has been organized by the Marathwada Accelerator for Growth and Incubation Council (MAGIC), with applications open until October 31.
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Tech giants form AI group to counter Nvidia with new interconnect standard
Arstechnica
·
1y ago
Medial
Several major tech companies, including Google, Intel, Microsoft, Meta, AMD, Hewlett Packard Enterprise, Cisco, and Broadcom, have formed the Ultra Accelerator Link (UALink) Promoter Group. The group aims to develop an open standard interconnect technology for AI accelerator chips in data centers as an alternative to Nvidia's proprietary NVLink. The goal is to enable multiple companies to contribute and develop AI hardware advancements, reducing reliance on Nvidia's ecosystem and providing more options in the AI chip market. UALink 1.0, the first version of the proposed standard, is expected to improve speed and reduce latency compared to existing interconnect specifications.
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Google and Microsoft expand footprint in Telangana with new investments
Economic Times
·
5m ago
Medial
Google and Microsoft are strengthening their presence in Telangana, India, with significant investments and new facilities. Google is partnering with the state government to establish an AI Accelerator in Hyderabad to support AI startups. Microsoft has opened an extensive new facility in Hyderabad and plans further recruitment. Additionally, it is partnering with the Telangana government to provide AI training and establish AI Centers of Excellence. These initiatives aim to boost technology development and digital transformation in the region.
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