Latest news with #GlobalAISummit
Hans India
2 days ago
- Business
- Hans India
50 rural innovators showcase ideas to global investors in the US
Austin (USA): In a major boost to rural innovation, 50 student innovators from Telangana, Andhra Pradesh, Odisha, and Karnataka showcased their startup ideas to global investors and corporate leaders at the Global Junicorn Summit held recently at Texas State University in San Marcos, near Austin. Organised by the International Startup Foundation (ISF), based in Bengaluru, the summit was part of a two-day event that also featured the Global AI Summit. The initiative received an overwhelming response from tech leaders, startup founders, and investors from across the US. The 50 student innovators, termed 'Junicorns' (junior unicorns), were shortlisted from over 1,000 applicants through a six-month rigorous selection and mentoring process. Their ideas, covering diverse domains such as agriculture, health tech, sustainability, and education, were developed into pitch-ready prototypes with the support of ISF. The foundation also facilitated their travel to the United States. 'The idea behind Junicorns is to encourage young rural innovators from India by giving them global exposure so that they can eventually evolve into successful entrepreneurs and become role models for youth in rural areas,' said JA Chowdary, Founder of ISF and the key force behind the initiative. 'This summit provided me with a global platform to pitch my idea. Several investors showed serious interest in supporting my innovation.' said a rural innovator from Krishna district in Andhra Pradesh. The ISF announced its next step—to build a global mentor network connecting summit attendees and industry leaders to support these Junicorns in turning their ideas into scalable startups. The event concluded with the Global AI Summit, where technology leaders and CEOs discussed the transformative role of artificial intelligence across industries. The summit saw vibrant discussions on AI's applications in healthcare, finance, manufacturing, and education, underlining its relevance in shaping future innovations. Both summits highlight ISF's commitment to bridging rural innovation with global opportunities, demonstrating how talent from India's heartland can make an impact on the world stage when empowered with the right platform and mentorship.
Hans India
7 days ago
- Business
- Hans India
50 Indian rural innovators to attend Global Junicorn & AI Summit in US
Hyderabad: In a momentous leap for Indian grassroots innovation, 50 rural student innovators and mentors from Telangana, Andhra Pradesh, Odisha, and Karnataka were given a hero's farewell recently at Kempegowda International Airport, Bengaluru, as they boarded their flight to the United States. This diverse group, selected from over 1,000 applicants through a rigorous six-month nationwide process, will represent India at the Global Junicorn Summit (May 29) and Global AI Summit (May 30) hosted by the International Startups Foundation (ISF) at Texas State University, San Marcos, USA. Most of these young Junicorns—many stepping onto an airplane or leaving their home state for the first time—are now headed for a life-changing journey through four major cities in Texas: Dallas, Austin, San Marcos, and Houston. In a rare gesture of encouragement, the innovators were warmly received by Rao Munukutla, Executive Director & CEO, Bengaluru Airport City Limited (BACL)—a wholly owned subsidiary of Bangalore International Airport Ltd (BIAL). Special displays, celebratory visuals, and a joyful cake-cutting ceremony marked the occasion inside the airport terminal. Munukutla, said: 'These young minds are carrying India's spirit of innovation to the global stage. We are proud to support this transformative initiative. Kempegowda International Airport, Bengaluru is not just a hub for travel, but a launchpad for dreams.' The delegation will participate in two flagship summits—Global Junicorn and Global AI— where their homegrown solutions will be showcased before international mentors, industry CXOs, and venture capitalists. The students will also visit NASA's Space Center in Houston, the Texas Science Museum, and startup incubators and innovation centers in Dallas, San Marcos, and Austin. These experiences aim to broaden their global outlook and sharpen their entrepreneurial ideas. Dr JA Chowdary, Founder Chairman of ISF and Former IT Advisor to the Government of Andhra Pradesh, is already in the US preparing a strong ecosystem of mentors, CXOs, and investors who will guide and empower these budding changemakers. Accompanying the delegation is Dr Siva Mahesh Tangutooru, Co-founder of ISF, who is leading this expedition with deep commitment and vision. Dr Siva Mahesh Tangutooru said: 'This is more than a journey—it's a once-in-a-lifetime experience that transforms lives. These students represent untapped brilliance, and our mission is to give them the platform, exposure, and belief they need to build the future. What begins here will echo back in their communities as real-world change.'
Business Insider
12-05-2025
- Business
- Business Insider
Trump is headed to Saudi Arabia — and a 'who's who' of US CEOs are right behind him
Andy Jassy, Amazon Amazon CEO Andy Jassy is listed as a featured speaker as Saudi Arabia is working to establish itself as a global AI leader. Amazon Web Services, the company's cloud business, has committed to investing more than $5.3 billion in Saudi Arabia in the coming years to build data centers for the computing power needed to run AI models. Alex Karp, Palantir The Palantir CEO is scheduled to speak at the conference, and has recently credited a pro-defense tech wave for solid first quarter performance. Alex Karp said on a recent earnings call that part of Palantir's success had to do with "an unvarnished cacophony of the combination of 20 years of investment and a massive cultural shift in the US." Elon Musk Elon Musk is listed as a speaker, just a few months after Tesla announced it will be entering the Saudi market. The world's richest man has previously had a somewhat rocky relationship with Saudi Arabia over unsuccessful business deals. Larry Fink BlackRock, the world's largest asset manager, launched an investment firm in Riyadh, Saudi Arabia, last year, and CEO Larry Fink stressed the firm's global reach on a recent earnings call. He was once a leading voice on issues like ESG and DEI, but the firm's recent annual letter didn't mention either issue. Instead, Fink wrote in it that BlackRock is now betting big on the private market. David Sacks Trump's AI and crypto czar is among the White House officials scheduled to speak. On Sunday evening, David Sacks posted about arriving in the Middle East on X, saying that America needs to be the "partner-of-choice" when it comes to AI, and that "effective AI diplomacy is vital now more than ever." Jensen Huang Representatives from Nvidia spoke at this year's Global AI Summit, hosted in Saudi Arabia, and now CEO Jensen Huang is set to represent the chips giant at Tuesday's conference. A top Saudi AI official told CNBC in September that the country hoped to get access to Nvidia's high-performance chips within the year. Groq, a semiconductor startup and potential competitor to Nvidia, announced that it has gotten a $1.5 billion commitment from Saudi Arabia to expand the delivery of its AI chips. Jane Fraser Citigroup CEO Jane Fraser is among the Wall Street leaders slated to speak. She also spoke at Saudi Arabia's Future Investment Initiative in October. Stephen Schwarzman Stephen Schwarzman, CEO of Blackstone, also spoke at Saudi Arabia's Future Investment Initiative ahead of the presidential election and said he thought that Trump would be a better president the second time around. Last year, the billionaire said he wants Blackstone to become the "largest financial investor" in global AI infrastructure. Kelly Ortberg, Boeing Boeing has had a relationship with Saudi Arabia since the 1940s, according to its website. Though CEO Kelly Ortberg is scheduled to speak in Saudi Arabia, Boeing has made headlines related to a different country in the Middle East, after multiple outlets reported that the Qatari royal family plans to give the Trump administration a Boeing 747-8 jumbo jet to be used as Air Force One. The plane is worth a staggering $400 million and has been criticized by figures on both political parties for potential conflicts of interest. Ruth Porat, Alphabet and Google Arvind Krishna, IBM IBM CEO Arvind Krishna recently announced a new slate of AI products from IBM as the company seeks to grow its generative AI business. In February, IBM announced it was expanding its AI efforts in Saudi Arabia and the company opened regional headquarters in the country last year. Omeed Malik, Founder and President of 1789 capital Omeed Malik founder and president of 1789 Capital, a VC firm that counts Donald Trump Jr. among its partners. He recently started a private club in Washington, DC, that caters to the MAGA social scene once co-hosted a Trump fundraiser that raised upwards of $10 million. 1789 Capital invests in energy and software, among other industries, and it bills itself as anti-ESG. Instead, it focuses on "EIG" — entrepreneurship, innovation, and growth.
Shafaq News
30-04-2025
- Science
- Shafaq News
AI arms race? Islamic world to forge path in Tehran
Shafaq News/ Islamic countries are expected to adopt their first joint strategy on artificial intelligence (AI) during a ministerial summit in Tehran later this month, Iran's Science, Research, and Technology Minister, Hossein Simaei-Sarraf, said on Monday. The meeting of the Organization of Islamic Cooperation (OIC-15) Dialogue Platform, scheduled for May 18-20, will focus on aligning scientific and technological policies across member states, with a particular emphasis on AI. In March, 53 member states of the Islamic World Educational, Scientific, and Cultural Organization (ICESCO) endorsed the Riyadh Charter for Artificial Intelligence during the Global AI Summit in Saudi Arabia, outlining ethical and strategic principles for AI development rooted in Islamic values and sustainable development goals. Iran has positioned itself at the forefront of AI research among Islamic countries. According to Web of Science data, Iran ranks first in neural network technologies and multi-agent systems, and second in broader fields such as machine learning and robotics. Officials said the Tehran summit would build on the Riyadh Charter and marks a step toward establishing a coordinated approach to AI governance across the Islamic world.
Zawya
08-04-2025
- Business
- Zawya
Oman, Rwanda to strengthen ties in technology and digital economy
Muscat – The Sultanate of Oman and the Republic of Rwanda have signed a Memorandum of Understanding (MoU) aimed at enhancing cooperation in the fields of communications, information technology, and digital economy development. The MoU was signed during Oman's participation in the Global AI Summit under the theme 'Artificial Intelligence and Africa's Demographic Dividend: Reimagining Economic Opportunities for Africa's Workforce', in Kigali on Friday. On behalf of Oman, the MoU was signed by H E Dr Ali bin Amer al Shidhani, Undersecretary of the Ministry of Transport, Communications and Information Technology. On the Rwandan side, the agreement was signed by Yves Iradukunda, Permanent Secretary of the Ministry of Communications, Information Technology, and Innovation. The MoU outlines a framework for enhancing cooperation and knowledge exchange in areas such as digitising government services, digital transformation, and the application of artificial intelligence. Additionally, it seeks to expand private sector involvement and systems integration in communications, information technology, and innovation. Key components of the MoU include promoting joint research initiatives focused on emerging technologies such as artificial intelligence, blockchain, and the Internet of Things. It also includes measures to enhance cybersecurity and develop the information technology sector in both nations. The agreement envisions strengthening the capabilities of emerging tech companies and small and medium enterprises, improving data protection expertise, and advancing personal data protection and digital economy initiatives. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
