It is not the first time that India has been put on the list. Govt and the US authorities have divergent views on several aspects of India’s intellectual property rights regime, with the way patents are granted for medicines being a pet peeve for the Americans and Big Pharma.
Valued at about $30 billion, MongoDB counts Tata Digital, Tata AIG, Canara HSBC Life Insurance, Zomato, Devnagri, Ambee, Inovaare and Observe.AI among its key clients.
This is partly because Samsung has been manufacturing mobile phones as well as other appliances locally in India much before the government’s production-linked incentive scheme came into force and boosted India to become the second largest mobile phone manufacturer.
Debjani Ghosh, president of IT industry body Nasscom, was speaking at the launch of Genpact’s AI Innovation Centre in Gurugram. India may build some AI models, but it need not waste a lot of money and effort on this, she said.
Besides internal usage, Cognizant will work to deploy Microsoft 365 Copilot to a million users within their global 2000 clients and across 11 industries.
Garena confirmed the development. "Free Fire India will feature a fully localised infrastructure tailored to meet the needs and requirements of the authorities and our stakeholders in India," it said in response to ET's mailed query.
The market size of generative AI in customer services sector was valued at $308.4 million in 2022 and is expected to cross $2,897.57 million by 2032, growing at a CAGR of 25.11% over this period, according to Precedence Research.
OpenAI's Pragya Misra will lead Indian government relations amidst Google competition. Altman advocates AI integration in services, emphasizing the need for regulations to prevent harm from advancing technology.
Vi is planning to raise as much as Rs 45,000 crore through a mix of equity and debt. Of the total, Rs 18,000 will come from its follow-on public offer (FPO) which opened Thursday, Rs 2,075 crore from a promoter entity through a preferential share issue and the rest Rs 25,000 crore through debt.
“These servers are planned to be used for building PARAM RUDRA supercomputing systems under National Supercomputing Mission (NSM),” said E Magesh, director general of CDAC. He said CDAC is banking on Kaynes Technology to deliver the indigenous servers.
As per the new rules, up to 100% FDI is allowed in the space sector. However, up to 74% FDI is permitted under the automatic route in satellite manufacturing and operation, satellite data products and ground and user segment. Beyond 74%, FDI in these activities requires government approval.
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