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Nvidia signs AI cooperation agreement with Vietnamese government
Economic Times
·
8m ago
Medial
Nvidia and the Vietnamese government have signed an agreement to enhance the development of artificial intelligence (AI) in Vietnam. The deal was signed by Nvidia's CEO, Jensen Huang, and Vietnamese Prime Minister Pham Minh Chinh in Hanoi.
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Karnataka signs Letter of Intent with New Jersey to strengthen tech and innovation ties
Economic Times
·
8m ago
Medial
The Karnataka government has signed a Letter of Intent (LoI) with the New Jersey Department of State, USA, to enhance cooperation in technology, innovation, and economic development. The agreement aims to establish collaboration between Bengaluru and New Brunswick, focusing on areas such as startup ecosystem engagement, technological advancements in life sciences and deep technologies, and promoting exchanges between the two cities. This partnership aligns with Karnataka's Global Innovation Alliances initiative, which aims to foster international collaboration and knowledge-sharing.
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Cooperation ministry signs MoU with Swiggy Instamart to market cooperative products
Economic Times
·
3m ago
Medial
The cooperation ministry has partnered with Swiggy Instamart, signing a memorandum of understanding to promote cooperative products online. This agreement enables cooperative dairy and organic products to be sold on Swiggy's ecommerce platforms. The collaboration supports cooperative brands in marketing and promotion, creating a dedicated 'Cooperative' category. It aligns with the United Nations' declaration of 2025 as the International Year of Cooperation, enhancing visibility and reach for cooperative movements across new technology platforms.
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Nvidia to resume H20 GPU chip sales to Beijing, launches China-compliant model - The Economic Times
Economic Times
·
24d ago
Medial
Nvidia plans to resume sales of its H20 GPU chips to China, pending U.S. government approval, and has introduced an RTX Pro model designed for China's regulatory requirements. These chips support AI applications in sectors like logistics and smart factories. Nvidia CEO Jensen Huang met with U.S. and Chinese officials to promote AI cooperation. The company expects to begin deliveries soon, following regulatory permissions.
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Vietnam, US firms sign MoUs on energy, AI, data centre
Economic Times
·
10m ago
Medial
Vietnamese and US companies have established partnerships in the sectors of energy, artificial intelligence (AI), and data centers. Memorandums of understanding (MoUs) were signed during a business forum in the US. Key collaborations include energy technology transfer between PetroVietnam and Kellogg Brown & Root, LNG cooperation between PTSC and Excelerate Energy, and AI and data center development between Sovico Group and Supermicro. Vietnamese President To Lam also attended the forum and is expected to meet with US President Joe Biden during the United Nations General Assembly.
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US, Vietnam firms hold business summit during Biden visit; AI deals unveiled
Economic Times
·
1y ago
Medial
Top executives from leading U.S. and Vietnamese semiconductor, tech, and aviation companies are meeting during President Joe Biden's visit to Hanoi to explore business partnerships. Google, Intel, Amkor, Marvell, GlobalFoundries, and Boeing executives are participating in the Vietnam-U.S. Innovation & Investment Summit. The meeting aims to enhance collaboration, particularly in AI, as the U.S. seeks to reduce the semiconductor industry's exposure to China-related risks. Microsoft and Nvidia have announced AI-related partnerships with Vietnamese companies, and the U.S. has highlighted chip-related investments in Vietnam, including Marvell and Synopsys building chip design centers and Amkor's new factory.
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Semiconductor maker Akash Systems signs $27 million server contract with NxtGen Datacenter
Economic Times
·
8m ago
Medial
US-based diamond semiconductor manufacturer Akash Systems has secured a $27 million contract with NxtGen Datacenter and Cloud Technologies. As part of the agreement, Akash will supply its advanced diamond-cooled servers to NxtGen's data centers in India. The partnership aims to establish a new standard for sustainable AI by leveraging Akash's diamond cooling technology, waterless liquid cooling, and high-performance GPUs from NVIDIA and AMD. Akash Systems is a venture-backed company operating in California and Texas, and is focused on the development and production of diamond-based semiconductors and systems.
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AstraZeneca signs AI research deal with China's CSPC for chronic diseases
Economic Times
·
1m ago
Medial
AstraZeneca has signed a $5.3 billion AI-led research agreement with China's CSPC Pharmaceutical Group to develop therapies for chronic conditions. Under the deal, both companies will collaborate on discovering pre-clinical candidates, including a small molecule oral therapy for immunological diseases, with CSPC conducting AI-driven research in Shijiazhuang City. The agreement marks AstraZeneca's continued investment in the Chinese market, following a recent collaboration with Immunai, Qure.ai, and Tempus AI, as well as plans for a Beijing R&D hub.
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Apple signs long-term chip technology agreement with Arm
Livemint
·
1y ago
Medial
Arm, the semiconductor technology firm, has extended its partnership with Apple in a long-term agreement beyond 2040, according to IPO documents filed with the US SEC. Apple is among ten cornerstone investors looking to purchase around $735 million of Arm shares. Other investors include Nvidia, AMD, Google, Intel, and more. Arm is offering 95.5 million American depository shares at $47 to $51 each, valuing the company at $54.5 billion. Arm was originally a joint venture involving Apple and has been a dominant player in mobile phone chip technology due to its low power consumption.
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Google to discount cloud computing services for US government: FT report - The Economic Times
Economic Times
·
28d ago
Medial
Google is set to offer significant discounts on its cloud computing services to the U.S. government, as part of efforts to reduce federal spending. Similar discounts are expected from Microsoft's Azure and Amazon Web Services, indicating tech companies' support for government efficiency. This deal aligns with President Trump's cost-cutting measures, following Oracle's recent offerings. The agreement aims to generate cost savings and reflects cooperation from major cloud service providers to enhance federal operations.
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Temu, Shein suspend Vietnam operations amid crackdown on ecommerce platforms
Economic Times
·
8m ago
Medial
Chinese online retailers Temu and Shein have suspended their operations in Vietnam in order to register their ecommerce services with the government. The Vietnamese authorities and domestic businesses were concerned about deep discounting by Chinese platforms and the potential sale of counterfeits. Vietnam demanded that Shein and Temu register by the end of November, or face blocked internet domains and app usage. Temu missed the registration deadline and will have its operations temporarily suspended. Shein's status is unclear, but its Vietnamese website is currently unavailable. The Vietnamese government recently approved legal changes regarding VAT and tax exemptions for foreign ecommerce platforms.
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