logo
Ursa engages former NVIDIA veterans for its AI project in Andhra Pradesh

Ursa engages former NVIDIA veterans for its AI project in Andhra Pradesh

Time of India02-07-2025
Vijayawada: After finding itself in the midst of a political storm, Ursa Clusters, a company promoted by a group of NRIs, announced that it has onboarded two former top executives of NVIDIA.
Ursa has proposed to invest Rs 5,728 crore in Visakhapatnam to develop AI-powered data centres with a promise of creating 2,500 jobs.
Ursa, the infrastructure arm of Ursa Cloud incorporated in the US, announced the addition of Alex Tsado and Keith Dines, both of whom worked with NVIDIA in the past. While Alex will lead the technology programme, Keith will be the chief architect in building data centre infrastructure.
Ursa has already announced the onboarding of Eric Warner, who earlier worked in key leadership roles at Oracle and Sun Microsystems, as chief revenue officer.
Warner will lead Ursa's commercial partnerships with hyperscale cloud providers and AI-first enterprises, according to a statement issued by the company.
Alex previously led Cloud AI and high-performance computing go-to-market strategy at NVIDIA. He also led the technology programme for NVIDIA in building data centres in the US and China, spearheading GPU launches for the company.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Esta nueva alarma con cámara es casi regalada en Ciudad Madero (ver precio)
Verisure
Más información
Undo
On the other hand, Keith has more than 30 years of data centre experience, especially in areas of data centre architecture and construction management. He built NVIDIA's private cloud and R&D test labs.
Satish Abburi, the co-founder of Ursa Clusters, said with Alex and Keith coming on board, they are confident of executing the project well within the timelines. "The combined expertise of Alex and Keith will bring in a unique blend of business strategy and technical execution.
Their leadership will be instrumental in ensuring Ursa Clusters delivers facilities that meet NVIDIA DGX certification standards for enterprise and research-grade AI performance," he said.
Satish further added that India's data centre market is projected to reach $4.5 billion by 2030, which is growing at a pace three times the global average. "Ursa Clusters aims to lead this growth by offering integrated infrastructure solutions across data centres, GPU cloud platforms, and managed AI services.
With the leadership expansion and strategic partnerships with build partners, we are poised to take the lead in India's AI-powered future," he said.
Andhra Pradesh govt allotted 3.5 acres in IT Park and 56.36 acres at Kapuluppada in Visakhapatnam to Ursa to set up its office space and data centre in April. However, the proposal sparked a controversy, with former Vijayawada MP Kesineni Srinivas levelling allegations against the promoters of the company. However, the state govt clarified that the land allotment was subject to the fulfilment of specific performance targets.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Footbridge to stop jaywalking on DSC Road
Footbridge to stop jaywalking on DSC Road

Time of India

time38 minutes ago

  • Time of India

Footbridge to stop jaywalking on DSC Road

Noida: Amid frequent jaywalking on the busy DSC Road, Noida Authority will construct a foot overbridge from Sector 15 to Sector 2, and then on Udyog Marg to connect Sector 1 near the Indian Oil Building. Tired of too many ads? go ad free now The triangular foot overbridge aims to enhance pedestrian safety, offering residents and office-goers a secure, uninterrupted crossing in place of the hazardous road dash. "We have decided to develop a food overbridge/skywalk equipped with escalators. This will be 122m long and 10m wide. This will be developed for Rs 10 crore on a build-operate and transfer basis," RP Singh, general manager, Noida Authority, said on Sunday. The foot overbridge will be equipped with multiple LED screens for advertising, along with selfie points and aesthetic designs to create a pleasant experience for commuters. The Authority aims to generate revenue through advertisements while ensuring safe and convenient access for residents and office workers. The lack of a proper crossing on DSC Road has forced pedestrians to jaywalk through heavy traffic, risking their lives—especially during peak hours when vehicle movement is highest. Commuters have welcomed the decision, saying it was long overdue. "Crossing this stretch is always a problem as there is a huge rush during peak hours. A foot overbridge will be a huge relief for everyone," said Ankit Verma, a resident of Sector 2. Dheeraj Kumar, general secretary of Sector 15 RWA, said that the project will benefit several people near the Sector 15 roundabout. "People who take the metro for commuting will also use it. Tired of too many ads? go ad free now However, it will be at some distance from the Sector 15 residential area," Kumar said. The foot overbridge will be built on a BOT basis, with the selected agency maintaining it for 11 years. Located near the Sector 15 metro station, it will serve the busy commercial hub of Sector 2 and mixed-use Sector 15, improving pedestrian safety on DSC Road.

Businesses shut shop amid uncertainty over elevated corridor project in SCB
Businesses shut shop amid uncertainty over elevated corridor project in SCB

Time of India

time39 minutes ago

  • Time of India

Businesses shut shop amid uncertainty over elevated corridor project in SCB

Hyderabad: 'To-Let' signboards have become a common sight along the Gymkhana-Tumkunta highway, with commercial establishments shutting shop owing to uncertainty surrounding the 200-feet road widening and elevated corridor project within Secunderabad Cantonment Board (SCB). Of the more than 1,000 properties along the road, hundreds of shops have already shut down. "There has been no word either about when the road widening project will start, or details of compensation for affected properties. If the officials show up one day all of a sudden, what are these property owners supposed to do? At least if they close their shops now, they have time to search for alternative places," said Telukunta Satish Gupta, chairman of the Rajiv Rahadari Property Owners Joint Action Committee (JAC). You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad | Gold Rates Today in Hyderabad | Silver Rates Today in Hyderabad Madhusudhan Reddy, on whose land there used to be a supermarket in Lotkunta until December 2024, said the elevated corridor project has gravely affected his family's livelihood. "We were completely dependent on the shop to run my family. We used to get Rs 1 lakh every month from the shop, but that income has now gone. My father is 80 years old and I'm struggling to buy medicines for him," he said. "I used to get Rs 39,000 every month from my tenants, who used to run two mobile phone shops on Karkhana main road. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo But as soon as they got to know about the project, they left without serving any notice," said Harvinder Kaur Gulati, a resident of Karkhana. "I have got multiple calls from interested tenants for my land, but all of them decided to pull out after finding out about the project. I don't have a source of income now, and my son needs more than Rs 18,000 every month for his medical treatment. I want compensation as per the market value of my land," she added. Notwithstanding the notification about the project on November 19, 2024, there has been no official word on when the project will kickstart, or what kind of compensation will be handed out to affected property owners. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.

Gamblers Now Bet on AI Models Like Racehorses
Gamblers Now Bet on AI Models Like Racehorses

Hindustan Times

timean hour ago

  • Hindustan Times

Gamblers Now Bet on AI Models Like Racehorses

Now that AI developers are getting paid like pro athletes, it's fitting that fans are placing big bets on how well they're doing their jobs. Gamblers Now Bet on AI Models Like Racehorses On Kalshi, Polymarket and other sites where people wager 'predictions' on real-world events, gamblers lay down millions each month on their picks for AI's top model. The AI arms race is playing out in plain sight on social media, ranking sites and obscure corners of the internet where enthusiasts hunt for clues. The constant buzz makes the topic appealing for wagers, though not every scrap of information is meaningful. Foster McCoy made $10,000 in a few hours in early August by betting against the success of OpenAI's GPT-5 release. The 27-year-old day trader noticed people were misreading an online ranking site that appeared to hype GPT-5, so he put $4,500 on its competitor, Google's Gemini, to be 'Best AI This Month.' As more bettors fell in line with his call, he cashed out. That's just another day for McCoy, who has traded $3.2 million on Kalshi since the start of 2025—making $170,000. He's part of a growing contingent of bettors making hundreds of trades a week on AI markets, on a range of wagers such as 'Best AI at the end of 2025,' 'AI regulation becomes federal law this year,' and 'Will [Chief Executive] Sam Altman be granted an equity stake in OpenAI this year?' Trading volume across AI prediction markets has surged to around $20 million this month. Kalshi, the only platform currently available in the U.S., is seeing 10 times the volume on AI trades compared with the start of the year, a spokesman says. Each bet, or 'contract,' is priced in cents to reflect the odds: McCoy bought thousands of Gemini contracts at around 40 cents, meaning it had a 40% chance of winning. If the bet had settled and Gemini won, McCoy's 40 cents would become a dollar. If Gemini lost, McCoy would lose it all. But much of the action happens before the final outcome. As more people piled into the Gemini bet, the contract price rose. McCoy sold when it had reached 87 cents. It's like betting on a sports match, only with the option to cash out when the odds rise in favor of your bet. 'You're just betting against what the other guy knows,' says McCoy, who credits his success to 'being chronically online.' He trades from home on a triple-monitor setup tuned to the holy trinity of AI betting: X, Discord and LMArena, a leaderboard where people rate AI model performance in blind tests. Social-media beefs can be gold for gamblers. After GPT-5's debut, a flurry of Elon Musk posts claiming the superiority of his xAI Grok chatbot sent the 'Grok to Win' market up more than 500% within hours. Before long, it had fallen nearly all the way back down. Rishab Jain, a Harvard undergraduate, tracks back-end updates and obscure X posts to anticipate new AI model launches. Bettors end up down rabbit holes hunting for more obscure tidbits. Harvard undergraduate Rishab Jain often scans X accounts of lesser-known researchers. The day before GPT-5's release, OpenAI's Sam Altman posted an image of the Death Star from 'Star Wars.' When a researcher from Google's DeepMind replied with an image of the killer globe under attack, Jain read it as a sign of confidence from Gemini's makers. Jain also scrapes source files from Google's apps and monitors public GitHub repositories tied to its products, looking for back-end changes that might signal a soon-to-be-released Gemini model. 'I'm almost obsessively up-to-date with what's going on in this world,' Jain says. 'Google has so many products that need to integrate a new model before it officially launches, and you can see those changes happening in the back end if you know where to look.' Since starting in June, he has won $3,500. Strategies vary. Some bet on the big industry players, others buy low on less-known or soon-to-be-updated models. Some compare odds on Kalshi and Polymarket to find arbitrage opportunities in the odds. As volume for these AI trades continues to grow, the incentive for good information will only increase, and the squeeze on casual bettors will get tighter, says Robin Hanson, a professor of economics at George Mason University. 'When you have better information in these kinds of markets, you can make better decisions,' Hanson says. 'If you know a little more, you make more money.' For now, the markets still draw a mix of sharks like McCoy and Jain along with casual bettors. 'I'm just a dude that likes tech and has some time and money,' says James Cole, a 35-year-old who recently shut down a company he founded. 'I'm speculating with mostly instinct and 10 minutes of research.' He says he's up for the year…so far. Write to Ben Raab at Gamblers Now Bet on AI Models Like Racehorses

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store