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India's Centre will now subsidize AI chips for government and academic institutions, expanding upon existing support for startups. This strategic move aims to accelerate indigenous AI development, reduce reliance on foreign hardware, and build a self-reliant high-performance computing ecosystem with
LG Display has realized over ₩200 billion (approx. ₹1,200 crore) in annual savings by integrating AI across its manufacturing processes, from quality control to energy management. This monumental achievement underscores the transformative power of AI in industrial settings, offering critical insight
AUM Ventures has launched a substantial Rs 750 crore (approximately $80 million) fund dedicated to fostering India's burgeoning deeptech, AI, semiconductors, and defence startup ecosystem, signalling a robust commitment to indigenous innovation.
IndiaAI-backed Avataar has launched Varya, a homegrown 'distilled video AI model' capable of generating frontier-quality videos at 10x lower costs. This marks a significant milestone for India's indigenous AI capabilities, setting new benchmarks in efficient video creation.