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OpenAI to open first India office in New Delhi
Entrackr
·
1d ago
Medial
OpenAI to open first India office in New Delhi ChatGPT parent OpenAI is all set to open its first India office in New Delhi later this year. The move is aimed at deepening its presence in the firm's second-largest market by user numbers. The Microsoft-backed company has also started hiring talent for its local team in India, which is an important market for the artificial intelligence (AI) firm. Earlier this week, OpenAI also launched its cheapest monthly plan at $4.60 in India. According to a Reuters report, OpenAI CEO Sam Altman said that opening our first office and building a local team is an important first step in our commitment to make advanced AI more accessible across the country and to build AI for India, and with India. Ashwini Vaishnaw, Union Minister for Electronics and Information Technology, Railways & Information Broadcasting said in a statement, "OpenAI’s decision to establish a presence in India reflects the country’s growing leadership in digital innovation and AI adoption. With strong investments in digital public infrastructure, AI talent, and enterprise-scale solutions, India is uniquely positioned to drive the next wave of AI-led transformation." India is ChatGPT’s second-largest market after the US, with weekly active users growing more than fourfold in the past year. The country also ranks among the top five developer markets globally on the OpenAI platform and has the largest population of students using ChatGPT worldwide.
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Sam Altman to visit India next month - The Economic Times
Economic Times
·
1d ago
Medial
OpenAI CEO Sam Altman plans to visit India in September as OpenAI prepares to open its first Indian office. The company has established a legal entity and is hiring a local team to enhance AI accessibility and integration in India. OpenAI is seeking candidates for key local sales positions. Altman highlighted India’s rapid growth and potential to surpass the US as OpenAI's largest market, with ChatGPT usage quadrupling in the country over the past year.
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Apple to open 4 more stores in India, roll out 'made in India' iPhone 16 Pro this month
YourStory
·
10m ago
Medial
- Apple plans to open four new stores in India located in Pune, Bengaluru, Delhi-NCR, and Mumbai. - The company will introduce its first-ever 'made in India' iPhone 16 Pro and iPhone 16 Pro Max series devices this month. - Apple aims to expand its retail presence in India to connect with customers and provide more opportunities to shop for their products and services. - In April 2023, Apple launched its first two stores in India, one in Delhi and the other in Mumbai. - The new stores are expected to be operational next year in cities like Bengaluru, Pune, Delhi-NCR, and Mumbai. - Apple has started manufacturing the complete iPhone 16 lineup in India, including the iPhone 16 Pro and iPhone 16 Pro Max models.
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OpenAI to open Asia-Pacific hub in Singapore
Livemint
·
10m ago
Medial
- OpenAI plans to open a Singapore office as its Asia-Pacific hub. - Oliver Jay has been appointed as the managing director for International, overseeing the company's global expansion. - Singapore is OpenAI's second office in Asia, following the recent opening of its Tokyo office. - The company aims to partner with the Singaporean government and tap into the country's thriving AI ecosystem. - OpenAI will be hiring 5 to 10 roles by the end of the year and is actively seeking office space in Singapore. - OpenAI has seen a significant increase in weekly active users of ChatGPT in Singapore since the beginning of the year.
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Tesla set to open India showrooms in July with Made-in-China EVs
Economic Times
·
2m ago
Medial
Tesla is opening its first showrooms in India in July, marking the company's formal entry into the market. The first Model Y cars, imported from Tesla’s China factory, have arrived. Showrooms will initially open in Mumbai and New Delhi, targeting affluent consumers. However, the high import duties make the Model Y significantly more expensive in India, posing a challenge in a market where electric vehicles and premium cars constitute a small segment.
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Elon Musk coming to India this month, may announce Tesla's India plan during meeting with PM Modi
Economic Times
·
1y ago
Medial
Tesla CEO Elon Musk is scheduled to visit India later this month to meet with Prime Minister Narendra Modi. During the visit, Musk is expected to announce his plans to invest in and open a new factory in the country. Sources reveal that the meeting is planned for the week of April 22 in New Delhi. Tesla officials are also expected to explore potential sites for a manufacturing plant that would require an investment of approximately $2 billion. Neither Modi's office nor Tesla have commented on the matter.
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Flex space provider 'The Executive Centre' plans to invest Rs 125 crore to expand across India
Money Control
·
10m ago
Medial
Flex space provider, The Executive Centre (TEC), plans to invest Rs 125 crore in expanding its presence in India. With three centres already operational, TEC aims to open eight more across Chennai, Hyderabad, Mumbai, Bengaluru, Gurgaon, and New Delhi. The investment will add over 2.6 lakh sq ft of office space to TEC India's portfolio. The expansion comes as the demand for flexible workspaces in India continues to grow, driven by various sectors and changing work preferences. TEC aims to provide top-notch facilities, including fitness centres, business lounges, gaming zones, and more.
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Entrust Family Office to expand into new cities and verticals
YourStory
·
5m ago
Medial
Entrust Family Office, a multi-family office based in Bengaluru, plans to expand operations in cities like Mumbai, Delhi, Pune, and Coimbatore amid rising high-net-worth individuals (HNIs) in India. The firm aims to explore new verticals such as alternate asset classes and international investments. Established in 2013, Entrust serves over 75 families, offering bespoke services like investment strategies and estate planning. Founders aim to elevate their position as India’s most trusted family office.
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First Tesla store in India to open next week — What we know so far - The Economic Times
Economic Times
·
1m ago
Medial
Tesla will open its first Indian store, an 'experience centre' in Mumbai's Bandra-Kurla Complex, on July 15. This follows the leasing of a 4,000-square-foot showroom and vehicle service area in Mumbai. The move marks Tesla's fourth commercial space in India, with plans to open another store in Delhi. Tesla has also started shipping vehicles, including Model Y SUVs, to India, as it builds its operations and hires locally despite recent leadership changes.
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Tech firms share at 40% in total conventional office space demand: Colliers - The Economic Times
Economic Times
·
9d ago
Medial
Technology firms leased 10.8 million square feet of office space in India's top seven cities during the first half of 2024, accounting for 40% of overall office space demand, according to Colliers India. These companies also play a significant role in the co-working sector, occupying 40-50% of flexible workspaces. Colliers noted that this applies to Grade A buildings in cities like Bengaluru, Chennai, and Delhi-NCR, indicating sustained demand from technology firms.
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WeWork India CEO Highlights Surging Demand for Co-Working Spaces in the Country
Business Bytes
·
1y ago
Medial
The co-working industry in India is experiencing remarkable growth, with the demand for flexible office spaces doubling over the past year, according to Karan Virwani, CEO of WeWork India. This surge in demand is indicative of the evolving work preferences and the influence of India’s young demographic on shaping contemporary work environments. As a testament to this trend, WeWork India has recently expanded its footprint by leasing a substantial 54,000-square feet office space in New Delhi.
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