India leads the world in AI’s skill penetration; lags on investments
India is number one in the world in terms of relative AI skill penetration, and is in the top four globally when it comes to relative AI hiring rate.
India is number one in the world in terms of relative AI skill penetration, and is in the top four globally when it comes to relative AI hiring rate.
Mega Networks is one of two Indian firms chosen for the production-linked incentive (PLI) scheme 2.0 for IT hardware. Under this, the government gives an incentive of around 5% on net incremental sales of goods manufactured in India.
Cloud infrastructure provider Tata Communications MD and CEO AS Lakshminarayanan told ET the Tatas will partake in the Centre's AI Mission to offer AI services to startups and researchers.
The first one was opened in Mumbai in 2022 where the company has demonstrated accelerators built with partners, hyperscalers and original equipment manufacturers like Oracle, Microsoft, Google, Salesforce, ServiceNow, Adobe, OutSystems and startups.
IT services major Tata Consultancy Services (TCS) is equipped with one of the largest and most AI-ready workforces in the world, chief executive officer K Krithivasan told employees in an email at the start of the new fiscal.
According to the report, India commands over 50% of the global GCC market, with an estimated 5,000 global leadership roles situated in Indian GCCs. The GCC sector, currently valued at $46 billion, is forecasted to surge to $110 billion by 2030.
India's tech sector revenue set to grow with increasing focus on GenAI, spatial computing, and virtual reality. The sector expects significant growth in exports and the establishment of over 2500 global capability centers by 2030.
Meta to establish its first data center in India at Reliance Industries campus in Chennai, enabling local content processing for Facebook, Instagram, and WhatsApp. The move aligns with the growing user base and ad revenue in India.
Hume AI, backed by various investors, introduces a voice AI with emotional intelligence understanding human emotions. Founded by Alan Cowen, the startup secures $50 million in funding. The AI utilizes an empathic large language model and integrates with GPT and Claude.
Databricks, under CEO Ali Ghodsi, prioritizes India for investments to support startups with data solutions. The Mumbai infrastructure serves major clients, contributing to the company's $43 billion valuation.
Rabbit’s R1, the world’s first LAM-powered device, is set to start shipping in a week and tech biggies like Microsoft and Salesforce investing in this cutting edge technology. LAMs can be ‘revolutionary’ and bring significant business gains, experts said. AI making choices on the behalf of consumers will, however, also add further complexity to business decision-making.