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Meta To Build First India Data Facility At RIL’s Chennai Campus
Inc42
·
1y ago
Medial
Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, is reportedly planning to set up its first data centre in India. The facility, expected to be located at the Reliance Industries (RIL) campus in Chennai, aims to enhance data processing speed by building multiple nodes across the country. The move is expected to improve user experience, accelerate content delivery, and reduce transmission costs. The exact details of the deal between Meta and RIL remain undisclosed. Additionally, Meta is expanding its fact-checking program in India to address viral misinformation ahead of the Lok Sabha elections.
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Reliance's Tamil Nadu campus may host Meta’s first India data centre
Economic Times
·
1y ago
Medial
Social media giant Meta is reportedly planning to establish its first data center in India at the Reliance Industries campus in Chennai. The move will enable Meta to process user-generated content locally and improve the user experience across its flagship apps like Facebook, Instagram, and WhatsApp. Currently, Meta's Indian user data is serviced at its data center in Singapore. The Chennai data center will allow for faster data processing and the possibility of running large AI models locally. India's data center industry is expected to double in capacity over the next three years, attracting big tech companies like Meta and Google to localize data storage in the country.
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Meta to establish first India data centre at RIL's Chennai campus, says report
Livemint
·
1y ago
Medial
Meta Platforms, formerly known as Facebook, is set to establish its first data centre in India. The data centre will be located at the Reliance Industries campus in Chennai and will enable local processing of user-generated content for Meta's primary apps such as Facebook, Instagram, and WhatsApp. The exact value of the deal has not been disclosed. This move is expected to enhance Meta's operational capabilities in India, improve user experience, and reduce transmission costs. It may also be a response to the Indian government's increasing scrutiny of large AI models.
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Spacetech startup Pixxel inaugurates satellite testing facility in Bengaluru
Economic Times
·
1y ago
Medial
Spacetech startup Pixxel has unveiled its satellite testing facility in Bengaluru, India. The facility will enable the company to conduct comprehensive tests and evaluations of its satellites before deployment. Pixxel aims to build a constellation of Earth observation satellites to provide high-resolution imaging data for various industries such as agriculture, forestry, and disaster management. The testing facility marks an important milestone for Pixxel as it progresses towards its goal of launching its first satellite by the end of this year.
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Dhruva Space to build 2.8 lakh sq ft facility for large scale spacecraft manufacturing
IndianStartupNews
·
1y ago
Medial
Hyderabad-based startup Dhruva Space has unveiled the first look of its 280,000 square-foot facility for the large-scale production of its space products. The facility, located in the TSIIC Hardware Park II in Shamshabad, will focus on indigenous manufacturing of satellite platforms and subsystems and other space equipment. The facility will be completed in phases over the next five years. Dhruva Space aims to position itself as a hotbed for space technology in India and create a world-class campus representing India's emerging stature in the world.
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VinFast opens largest showroom in Chennai; plans 35 outlets across India by year-end - The Economic Times
Economic Times
·
5d ago
Medial
VinFast Auto India, a subsidiary of Vietnam-based VinFast, inaugurated its largest showroom in Chennai, marking its first dealership in Tamil Nadu and second in India after Surat, Gujarat. The 4,700 sq ft facility is part of VinFast's plan to establish 35 showrooms across 27 Indian cities by year-end. The Chennai showroom will feature VinFast's premium electric SUVs, the VF 6 and VF 7, as the company expands its electric vehicle offerings in India.
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WeWork India debuts in Chennai with launch of first co-working space in the city
Economic Times
·
1y ago
Medial
Flexible workspace provider WeWork India has opened its first co-working space in Chennai, marking its 55th building in the country. Located in Olympia Cyberspace, the facility covers 130,000 sq ft and offers 2,000 seats across two floors. WeWork has already secured members including Wheelocity Fresh, Molex India, Dr. Wamser + Batra India, and H2O LLC. The company sees Chennai as a thriving business hub for freelancers, entrepreneurs, enterprises, and Global Capability Centres, with strong demand across various industries including agri-tech, IT/ITES/HR, and manufacturing. WeWork India plans to open three to five more locations in Chennai within the next 12 to 18 months.
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India approves $15B in semiconductor plant investments
TechCrunch
·
1y ago
Medial
India has approved a $15.2 billion investment to build three semiconductor plants, including its first semiconductor fab facility, in an effort to compete with China and Taiwan in the chip race. The plants will focus on general-purpose applications rather than AI chips. The first fab facility will be set up by Tata Group and Taiwan's Power Chip in Gujarat. The government has also approved an investment in a semiconductor assembly unit in Assam and a specialized chip facility in Gujarat. These investments aim to boost India's domestic semiconductor sector and generate employment opportunities.
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Biocon Biologics' Bengaluru unit classified as voluntary action indicated by USFDA
Money Control
·
9m ago
Medial
Biocon Biologics has announced that its drug substance facility in Bengaluru, India has received a classification of voluntary action indicated (VAI) from the US Food and Drug Administration (FDA). The facility, located at Biocon Campus, was inspected between February 20-28, 2024 and the classification pertains to the supply of rh-Insulin drug substance to the United States. Despite objectionable conditions being found during the inspection, the FDA is not proposing any regulatory action. Biocon Biologics has expressed its commitment to maintaining global standards of quality and compliance.
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OpenAI, Meta Seek AI Partnership with Reliance—Big Price Cut for ChatGPT Coming?
OutlookIndia
·
4m ago
Medial
OpenAI and Meta are in talks with Reliance Industries for potential AI partnerships in India. OpenAI aims to make ChatGPT more accessible by possibly lowering its subscription fee by 75-85%, down from $20 per month. Reliance is considering selling OpenAI models via an API and hosting them locally to secure customer data. Reliance also plans to build a large data center in Jamnagar, Gujarat, potentially hosting Meta and OpenAI models.
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Indian GCCs dial up fresher hiring to build talent pool
Economic Times
·
8m ago
Medial
Global capability centres in India, known as GCCs, are increasing their hiring of fresher and entry-level talent from both colleges and off-campus sources. These centres, which traditionally hire between 85,000 and 100,000 freshers annually, are expected to increase their hiring to 114,000-133,000 this fiscal year. Off-campus hiring is also on the rise, with nearly 40% of entry-level hires expected to come from off-campus sources by 2025. GCCs are seeking to build a diverse talent pool and lower their costs by hiring a mix of experienced professionals and freshers.
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