logo
Three more start-ups selected to get GPU access for Indian AI models

Three more start-ups selected to get GPU access for Indian AI models

The Hindua day ago

Three firms — Gurugram-based Soket AI, Delhi-based Gan.AI, and Bengaluru-based Gnani.ai — have been selected in the IndiaAI Mission's ongoing drive to facilitate the development of an indigenous foundational AI large language model (LLM). 'Like Sarvam AI, which was selected earlier this year as the first such firm, these three teams also have a very big target in front of them,' Union Minister for Electronics and Information Technology Ashwini Vaishnaw said.
By being selected, these firms will get access to the Common Compute facility, giving them access to thousands of graphics processing units (GPUs) on which AI models are trained and deployed. With the government's facility, operated by a clutch of large tech firms like Sify, set to have a total of 34,000 GPUs soon, Mr. Vaishnaw said that the 'worry' of whether 'India will be able to get that kind of compute' is 'practically over'.
Gnani.ai co-founder Ganesh Gopalan said that the company had been 'developing voice-to-voice large language models for India and the world, because we believe transformative AI must speak the language of the people it serves.'
The Ministry of Electronics and Information Technology's Additional Secretary Abhishek Singh said that the IndiaAI Mission has also been working on hackathons with 'allied Ministries' like the Ministry of Home Affairs — for classifying cyber crimes — and with the Geological Survey of India for mineral discovery. 'Very soon we will be working with the Ministry of Education, the Ministry of Health and Family Welfare and other ministries for launching more problem statements to give opportunities to our startups and researchers to contribute to solutions,' he said.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Higher steel tariffs to dent exports as companies look at other markets
Higher steel tariffs to dent exports as companies look at other markets

Time of India

timean hour ago

  • Time of India

Higher steel tariffs to dent exports as companies look at other markets

Representative image (Picture credit: AP) NEW DELHI: Doubling of import duty on steel and aluminium by the Trump administration will dent export demand, with companies having to scout for alternative markets. Several US importers have gone slow on fresh orders as costs went up significantly after the imposition of 25 per cent duty, although India was not seen to be worse off, given that the same duty applies to all countries. But if Trump decides to move ahead with his threat, several American firms will have to slow down production as such duties are seen to be unviable and unsustainable. This will also reduce demand for inputs. "The economic impact will be significant. US steel prices are already high, at around $984 per metric tonne - far above European prices at $690 and Chinese prices at $392. The doubling of tariffs is expected to push US prices to about $1,180, squeezing US domestic industries such as automotive, construction, and manufacturing that depend on steel and aluminium as key inputs. These sectors may face hundreds of dollars in additional material costs per tonne, driving up prices, reducing competitiveness, and risking job losses or inflationary pressures," said trade research body GTRI. Fieo chief S C Ralhan said the increase in tariffs would have a significant bearing on India's steel exports, especially in semi-finished and finished categories like stainless steel pipes, structural steel components, and automotive steel parts. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo These products are part of India's growing engineering exports, and higher duties could erode our price competitiveness in the US market. EEPC India president Pankaj Chadha said, "It's unfortunate that while bilateral trade talks are going on between India and the US, such unilateral tariff increases have be done. It only makes the work of negotiators more complicated." Last fiscal, India exported steel and finished products of $6.2 billion to the US and about $0.9 billion of aluminium and its products. The US is among the top destinations for Indian exporters, who have been increasing market share through high-quality production and competitive pricing, Fieo said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Tech firm fined Rs 1 lakh for levelling allegations against TN govt official
Tech firm fined Rs 1 lakh for levelling allegations against TN govt official

New Indian Express

timean hour ago

  • New Indian Express

Tech firm fined Rs 1 lakh for levelling allegations against TN govt official

CHENNAI: The Madras High Court has imposed a cost of Rs 1 lakh on Cognizant Technology Solutions Private Limited for levelling unsubstantiated 'serious allegations' against a top labour department official, a quasi-judicial officer, in connection with an order passed to set aside the termination of an employee of the firm. Justice AD Maria Clete passed the orders while dismissing the petitions filed by the subsidiary of the US-based tech firm challenging the order of the special joint commissioner of labour (JCL), who is the appellate authority. The JCL, by an order dated October 18, 2019, set aside the order of the firm issued on December 21, 2015 to terminate Sivakumar Krishnamurthy, an associate director of the company, from the service on the grounds of under-performance and causing loss to the firm. The JCL also ordered his reinstatement with back wages on an appeal filed by him under the TN Shops and Establishments Act, 1947. The matter was entangled in several litigations as Krishnamurthy filed petitions in the high court seeking to expedite the hearing and disposal, and later, for transferring the matter from the JCL concerned. After the JCL passed the orders, the tech firm moved the high court with petitions challenging the orders and levelled certain allegations and even questioned the official's integrity stating she had favoured the same person who sought transfer of the case. Justice Maria Clete remarked, 'If the allegations made by the petitioner (Cognizant) against the statutory appellate authority are to be taken at face value, it would render it virtually impossible for any authority to discharge its quasi-judicial functions.'

Silicon Valley VCs navigate uncertain AI future
Silicon Valley VCs navigate uncertain AI future

Mint

timean hour ago

  • Mint

Silicon Valley VCs navigate uncertain AI future

For Silicon Valley venture capitalists, the world has split into two camps: those with deep enough pockets to invest in artificial intelligence behemoths, and everyone else waiting to see where the AI revolution leads. The generative AI frenzy unleashed by ChatGPT in 2022 has propelled a handful of venture-backed companies to eye-watering valuations. You may be interested in Leading the pack is OpenAI, which raised $40 billion in its latest funding round at a $300 billion valuation -- unprecedented largesse in Silicon Valley's history. Other AI giants are following suit. Anthropic now commands a $61.5 billion valuation, while Elon Musk's xAI is reportedly in talks to raise $20 billion at a $120 billion price tag. The stakes have grown so high that even major venture capital firms -- the same ones that helped birth the internet revolution -- can no longer compete. Mostly, only the deepest pockets remain in the game: big tech companies, Japan's SoftBank, and Middle Eastern investment funds betting big on a post-fossil fuel future. "There's a really clear split between the haves and the have-nots," says Emily Zheng, senior analyst at PitchBook, told AFP at the Web Summit in Vancouver. "Even though the top-line figures are very high, it's not necessarily representative of venture overall, because there's just a few elite startups and a lot of them happen to be AI." Given Silicon Valley's confidence that AI represents an era-defining shift, venture capitalists face a crucial challenge: finding viable opportunities in an excruciatingly expensive market that is rife with disruption. Simon Wu of Cathay Innovation sees clear customer demand for AI improvements, even if most spending flows to the biggest players. "AI across the board, if you're selling a product that makes you more efficient, that's flying off the shelves," Wu explained. "People will find money to spend on OpenAI" and the big players. The real challenge, according to Andy McLoughlin, managing partner at San Francisco-based Uncork Capital, is determining "where the opportunities are against the mega platforms." "If you're OpenAI or Anthropic, the amount that you can do is huge. So where are the places that those companies cannot play?" Finding that answer isn't easy. In an industry where large language models behind ChatGPT, Claude and Google's Gemini seem to have limitless potential, everything moves at breakneck speed. AI giants including Google, Microsoft, and Amazon are releasing tools and products at a furious pace. ChatGPT and its rivals now handle search, translation, and coding all within one chatbot -- raising doubts among investors about what new ideas could possibly survive the competition. Generative AI has also democratized software development, allowing non-professionals to code new applications from simple prompts. This completely disrupts traditional startup organization models. "Every day I think, what am I going to wake up to today in terms of something that has changed or (was) announced geopolitically or within our world as tech investors," reflected Christine Tsai, founding partner and CEO at 500 Global. In Silicon Valley parlance, companies are struggling to find a "moat" -- that unique feature or breakthrough like Microsoft Windows in the 1990s or Google Search in the 2000s that's so successful it takes competitors years to catch up, if ever. When it comes to business software, AI is "shaking up the topology of what makes sense and what's investable," noted Brett Gibson, managing partner at Initialized Capital. The risks seem particularly acute given that generative AI's economics remain unproven. Even the biggest players see a very uncertain path to profitability given the massive sums involved. The huge valuations for OpenAI and others are causing "a lot of squinting of the eyes, with people wondering 'is this really going to replace labor costs'" at the levels needed to justify the investments, Wu observed. Despite AI's importance, "I think everyone's starting to see how this might fall short of the magical" even if its early days, he added. Still, only the rare contrarians believe generative AI isn't here to stay. In five years, "we won't be talking about AI the same way we're talking about it now, the same way we don't talk about mobile or cloud," predicted McLoughlin. "It'll become a fabric of how everything gets built." But who will be building remains an open question.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store