20 results found
Nvidia's chief, Jensen Huang, believes widespread fears about AI's existential threat are exaggerated, viewing AI as a powerful tool to augment human capabilities rather than replace them. This perspective encourages a focus on integration and innovation, holding significant implications for India's
Tata Consultancy Services (TCS) is actively recruiting experienced professionals across India for critical roles in Artificial Intelligence, Machine Learning, and Generative AI. This significant talent acquisition drive underscores India's strategic importance in the evolving global AI landscape and
The Indian government has officially removed the Merchant Discount Rate (MDR) for UPI and RuPay debit card transactions below ₹2,000, effective January 1, 2020. This significant policy aims to accelerate digital payment adoption across India, making small-value transactions free for merchants and co
QNu Labs, an Indian quantum cybersecurity startup, has secured ₹200 Crore (approx. $24 Million) to significantly scale its R&D efforts. This major investment underscores India's growing focus on deep tech and securing critical digital infrastructure against emerging quantum threats.
Bengaluru-based enterprise AI startup Kily has secured ₹30 crore in a seed funding round led by Sorin Investments to revolutionize commerce automation. This significant investment underscores the growing confidence in AI's potential to streamline operations for large retailers and brands in India an
Red Hat has launched 'asago', a new open-source project designed to automate AI governance throughout the machine learning lifecycle. This initiative aims to streamline compliance, explainability, and responsible AI practices, offering a crucial tool for Indian enterprises and startups navigating th
Karnataka is set to establish India's inaugural government-led AI University and develop a comprehensive AI-native state roadmap, aiming to position itself as a global leader in AI innovation and talent development, significantly boosting the nation's tech landscape.
Indian startups successfully secured $137 million in funding during the week of April 29 to May 4, 2024, with Artificial Intelligence platforms attracting the lion's share of these crucial investments, signalling strong investor confidence in India's burgeoning AI sector.
India's Ministry of Electronics & Information Technology (MeitY) is actively evaluating over 760 AI application proposals from various ministries, signaling a significant push towards integrating AI in public services and establishing a robust regulatory framework for responsible AI use across the n
A NITI Aayog report highlights how Generative AI is significantly boosting developer productivity across India, positioning the nation to embrace the next wave of technological innovation and solidify its role as a global AI powerhouse.
Pegasystems has announced a significant ₹60 crore investment in a new Bengaluru research and development hub, poised to accelerate innovation in low-code AI technologies. This move underscores India's critical role in Pega's global strategy and its commitment to democratizing AI-powered business sol
Emergent, an AI-first venture studio, and entrepreneur Raj Shamani have launched a ₹1 Crore AI Challenge for Indian businesses. This initiative aims to accelerate AI adoption and foster innovation across various sectors by offering equity-free capital and expert mentorship.
Ahmedabad-based AI startup Rocket (formerly DhiWise), a platform helping developers build applications faster, is reportedly in advanced talks to raise $40-50 million in a new funding round. This potential investment highlights significant investor confidence in India's rapidly growing AI-powered lo
The United States has assured India of continued access to key AI technologies, signaling a robust strategic partnership despite tightening global export control directives. This commitment aims to prevent any hindrance to India's rapidly developing AI ecosystem and foster innovation.
India, alongside 34 other nations, has signed the AI Opportunity Statement at the Pax Silica Summit in the US, committing to responsibly harness AI's potential while addressing its risks. This move positions India at the forefront of global efforts to develop and deploy safe, secure, and trustworthy
Anthropic has partnered with Indian IT services firm Hexaware, authorizing them to resell its advanced Claude AI models on Amazon Bedrock. This collaboration aims to simplify access to powerful generative AI for Indian enterprises, accelerating their digital transformation journeys.
Former Infosys CEO Vishal Sikka has unveiled Hang Ten Systems, an AI startup focused on enterprise AI infrastructure, securing a significant $32 million in seed funding. This move marks Sikka's return to the tech leadership forefront, aiming to address critical challenges in deploying AI for large o
OpenAI has appointed Prabhjeet Singh, former President of Uber India and South Asia, as its new Managing Director for India. This strategic hire underscores OpenAI's commitment to India, a rapidly growing market for AI adoption and talent.
India recorded a staggering 3.5 lakh AI job openings within a mere 90 days, underscoring a significant surge in demand for AI professionals across diverse sectors. This boom positions India as a rapidly emerging hub for AI talent and innovation.
Amazon has secured a substantial $17.5 billion in bank loans, following a $17 billion bond sale, to further escalate its investments in artificial intelligence infrastructure. This significant capital injection underscores the tech giant's commitment to dominating the AI space, with profound implica