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SOVEREIGN AI
IBM, Sarvam partner to build sovereign AI solutions for Indian government, regulated sectorsUnder the partnership, IBM Sovereign Core will provide the underlying software and middleware needed to deploy and govern AI systems, while...- Swiggy Q1 losses narrow; Groww founders plan new fundHappy Friday! Swiggy lowered its losses in the April-June quarter as revenue rose. This and more in today’s ETtech Morning Dispatch.
- Sopra Steria raises growth target on strong European AI, cybersecurity demandThe French IT firm Sopra Steria has announced a rise in its full-year revenue growth projections, underscoring strong financial backing for...
- UAE sovereign funds, firms to boost investments in IndiaUAE investments in India are set to significantly increase in coming months. Key sectors like artificial intelligence and logistics will se...
- Sam Altman, Satya Nadella, Sundar Pichai, Elon Musk and Jensen Huang unite behind one AI vision: Why America's biggest tech billionaires are calling for open-weight AI modelsA coalition of 25 leading technology companies and organizations has urged US policymakers to support open-weight AI models, arguing they a...
- Global Market Update | South Korea's Naver jumps 10% on Nvidia's $1 billion investment planNvidia will invest one billion dollars in Naver's new shares. This investment supports expanding an AI data center project in South Korea. ...
- India among top five growth markets, centre of global strategy for Red HatIndia is currently at the centre of the company's global strategy, both as a critical market and a hub for engineering excellence, Navtej S...
- HCLTech to set up Rs 14,257 crore AI data centre in Odisha with SarvamHCLTech will establish its first AI Data Center in Odisha. This significant project involves a capital outlay of Rs 14,257 crores. The init...
- Global Market: GIC to invest $30 billion more in hedge funds, doubles down on AISingapore's sovereign wealth fund GIC plans significant new investments. The fund will allocate an additional thirty billion dollars to hed...
- Centre to back 20 sovereign AI modelsThis includes 30 billion and 105 billion parameter models by Sarvam AI, a speech-to-speech model by Gnani.AI, BharatGen's multilingual foun...
- Govt identifies 20 indigenous AI foundation model proposals under IndiaAI Mission: ParliamentIndia's government is supporting twenty indigenous sovereign AI model proposals. These include twelve large and eight small language models...
- AI-focused E2E Networks shares hit 5% upper circuit as firm swings to black in Q1, revenue soars 334%AI-focused cloud provider E2E Networks hit the upper circuit after reporting a sharp turnaround in Q1FY27, posting a net profit of Rs 44 cr...
- Global developed market debt to hit record $75.8 trillion by end of 2026: FitchGovernment debt in developed nations will reach $75.8 trillion by 2026. This debt burden represents 104% of gross domestic product for thes...
- The AI race isn't about bigger models—it's about IndiaIndia can become the world's AI deployment hub by leveraging its software engineering workforce and enterprise IT experience. Enterprises w...
- US ambassador sees $40 billion tech investment wave into Portugal by 2031Portugal anticipates significant US technology investment by 2031. This will establish it as Europe's primary hub for American AI infrastru...
- Microsoft to fund Mistral's European AI expansion in multibillion-dollar dealAs part of the agreement, Microsoft Azure customers will be able to develop software using Mistral's data centers in France, giving Microso...
- The geopolitics of AI: Why WAICO mattersChina's formation of the World Artificial Intelligence Cooperation Organization marks a pivotal moment in the global AI landscape, marking ...
- Energy shock vs AI boom: RBI should act as and when external shocks push domestic data in a direction, not until thenGlobal growth faces pressure from an energy shock and a tech boom. The energy shock stems from conflict, impacting oil prices and shipping ...
- UK government, Jeff Bezos back CuspAI's $450 million round as startup seeks to discover new materialsBritish startup CuspAI secured four hundred fifty million dollars from investors. This funding will advance its mission to discover new mat...
- AI won't diminish IT services, will instead make it more vital: Anand Mahindra at Tech Mahindra AGMTech Mahindra Chairman Anand Mahindra said AI will not replace India's IT services industry but make it more important by driving enterpris...
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