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News on Medial
UK gov't touts $100M+ plan to fire up 'responsible' AI R&D
Startup News FYI
·
1y ago
Medial
The U.K. government is announcing a £100 million plan to boost AI regulation and support AI innovation. The plan includes £10 million in funding for regulators to develop tools and improve their oversight of AI applications. An additional £90 million will be used to establish nine AI research hubs. The government maintains its strategy of relying on existing laws and regulators rather than introducing new legislation. The announcement comes as the EU finalizes its own framework for regulating AI. The U.K. aims to become a global leader in AI while enabling rapid response to emerging AI risks and fostering responsible AI development.
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India a key player in responsible AI revolution, skilling way to go: IBM's Sandip Patel
Economic Times
·
1y ago
Medial
India has a significant stake in the AI revolution and the government is open to partnering with the industry to advance AI technology responsibly and scale up skills in this space, according to Sandip Patel, Managing Director of IBM India/South Asia. Patel emphasized the need for India to establish itself as a hub for AI adoption and innovation by connecting different domains such as policy making, investments, skilling, and R&D. The government plans to establish centers of excellence (CoEs) in AI across various sectors and is committed to the responsible and ethical use of AI.
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Amazon launches new R&D group focused on agentic AI and robotics | TechCrunch
TechCrunch
·
2m ago
Medial
Amazon is launching a new research and development group focused on agentic AI and robotics within its consumer product division. Announced at an event, this group will operate from Lab126, Amazon's hardware R&D hub responsible for products like the Echo and Kindle. The aim is to develop an agentic AI framework to enhance the capabilities of its robotics efforts, including warehouse robots. TechCrunch is awaiting further details from Amazon.
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BT to expand India hub, develop premium 5G use-cases: CDIO Harmeen Mehta
Livemint
·
1y ago
Medial
UK telecommunications provider BT Group is expanding its AI and 5G R&D teams in India to find use-cases that will enable monetization of new-age networks. The company has already doubled its headcount in India over the past three years and intends to further scale up its presence in areas such as core engineering, data, and AI. By focusing on digital advancements, such as accelerated broadband and seamless connectivity, BT aims to leverage the growing demand for high-speed broadband services in India. The company believes that developing more use-cases and differentiation will lead to easier monetization of 5G investments.
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SaaS startup Bridgetown Research raises $19 million in funding round led by Lightspeed and Accel
Economic Times
·
5m ago
Medial
Bridgetown Research, a SaaS startup, secured $19 million in funding led by Lightspeed and Accel. The funds will enhance AI training for varied analyses, bolster R&D, and expand partnerships. Bridgetown aims to fill a market gap between expensive consulting firms and affordable report generators. Founded in 2024, the Seattle-based company employs AI agents to offer strategic business insights, primarily serving consulting, private equity, and corporate teams. Most revenue stems from the US and UK markets.
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Ericsson to expand R&D base in India, focuses on AI, 6G development
YourStory
·
9m ago
Medial
Swedish telecom gear manufacturer Ericsson plans to expand its research and development (R&D) base in India. The company is focusing on AI, Gen AI, and Network APIs at its R&D centers in Chennai, Bengaluru, and Gurugram. With India being a key market, Ericsson aims to invest in 6G, network APIs, and artificial intelligence. The R&D teams will develop programmable/API capabilities to enable advanced use cases, including fraud detection, device management, and security. India is considered a frontrunner in 5G technology adoption, with extensive infrastructure development. Ericsson has already partnered with leading Indian telcos for their 5G rollout.
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Ola Group holds more than half of patents granted to 117 unicorns
Economic Times
·
3m ago
Medial
Ola Group, encompassing ride-hailing, electric vehicles, and AI, holds over 50% of all patents filed by India's 117 unicorns, despite many unicorns having zero patents. With over 650 applications and 180 granted, Ola Electric leads in filings, particularly in EV innovations. Ola's R&D spending reached 19.3% of its revenue, indicating a commitment to technology creation over mere market capture. Globally, Ola’s patents extend to the US, UK, Japan, China, and Australia.
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Govt launches Digital India Future Labs for R&D in automotive, compute, other areas
Economic Times
·
1y ago
Medial
The Indian government has launched Digital India Future Labs, an initiative aimed at strengthening research and development (R&D) and innovation in areas such as automotive, computing, communication, strategic electronics, industrial electronics, and the Internet of Things (IoT). The labs will serve as a platform for partnerships and strategic direction, with funding coming from the Ministry of Electronics and Information Technology's R&D budget, as well as other sources. The Centre for Development of Advanced Computing (C-DAC) will oversee the development of the plan and guidelines for startups and private sector companies.
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Databricks to pump in $250M in India; launches AI academy
YourStory
·
3m ago
Medial
Databricks plans to invest over $250 million in India in the next three years, focusing on training, R&D, and expanding its workforce by over 50%. The initiative includes launching the India Data + AI Academy to train around 500,000 individuals with courses in data, analytics, and AI. Additionally, Databricks has opened a new R&D office in Bengaluru, hiring over 100 engineers, reinforcing India as a key growth market with investments in development and innovation.
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Krypton Solutions likely to invest $100 million in Mysuru, Chamarajanagar
Economic Times
·
1y ago
Medial
Texas-based Krypton Solutions is planning to invest $100 million to set up a Printed Circuit Board (PCB) fabrication unit in Karnataka, India. The company has already held discussions with the government and is exploring investment options in Mysuru and Chamarajanagar. Additionally, they are interested in local partnerships and seeking support to establish themselves in the Indian market. In a separate meeting, Texas Instruments also reaffirmed its commitment to research and development (R&D) expansion in Karnataka. Texas Instruments was the first technology company to set up an R&D center in Bengaluru in 1985.
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KPIT CEO calls for increased R&D, deeptech investments - The Economic Times
Economic Times
·
1m ago
Medial
KPIT CEO Kishor Patil emphasizes the need for India to boost R&D investment, foster deeptech innovation, and enhance export quality to compete globally in the automotive sector. He cites India’s potential amidst geopolitical shifts and advocates for increased government support. KPIT has ramped up its R&D spending and expanded globally, notably acquiring Caresoft Global Technologies to strengthen its position in the off-highway commercial vehicle segment and enter the China market.
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