Tech leaders bet on AI's India future
Business Standard|October 28, 2024
Why the world believes in the country's talent pool, infrastructure and 'vibrant' startup ecosystem, reports SHIVANI SHINDE
SHIVANI SHINDE
Tech leaders bet on AI's India future

Artificial intelligence (AI) is in the headlines in India as three leaders in the technology visit the country: Nvidia's Jensen Huang, Meta's Yann LeCun, and Mustafa Suleyman of Microsoft (who will be here early next month).

Huang, the chipmaker's chief executive officer (CEO), and LeCun, Meta's chief AI scientist, have separately spoken about India's potential in being a leader in the technology.

"India should be at the centre of AI," said Huang at the Nvidia AI Summit in Mumbai last week. India's information technology (IT) industry, renowned for its size and expertise, is capable of moving beyond software outsourcing and becoming an AI innovation hub.

"No one manufactures intelligence at the moment. Before every other country jumps into that, India should jump into that," he said.

The time has come for India to export "intelligence" and not just labour. "You should not export data to import intelligence," he said.

Pivotal role

LeCun stressed on India's expertise in product development. "With its rich talent pool and vibrant tech ecosystem, India is already making significant strides," said LeCun at Meta's Build with AI Summit in Bengaluru.

"As AI continues to evolve, India is poised to play a pivotal role in driving innovation on a global scale."

Meta in July announced Llama 3.1, the largest open-source AI model. Llama 3.1, the firm says, beats GPT-4 and Anthropic Claude 3.5 Sonnet on various parameters. It allows Indian developers, one of the largest in the world, to create AI applications.

Denne historien er fra October 28, 2024-utgaven av Business Standard.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra October 28, 2024-utgaven av Business Standard.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA BUSINESS STANDARDSe alt
Business Standard

Markets dip amid selloff in Adani group stocks

Conglomerate's combined market capitalisation falls by 2.2 trillion

time-read
2 mins  |
November 22, 2024
Nifty 50 may hit 27K by 2025-end: Goldman Sachs
Business Standard

Nifty 50 may hit 27K by 2025-end: Goldman Sachs

Conglomerate's combined market capitalisation falls by ₹2.2 trillion

time-read
1 min  |
November 22, 2024
°GST on health insurance needs to be reduced,
Business Standard

°GST on health insurance needs to be reduced,

IFFCO Tokio General Insurance Company Limited (IFFCO Tokio) has sent its suggestions to the government, seekingto reduce goods and se Nices tax (GST) rates on health insurance premiums to 5 per cent from the existing18 per cent, said the f Irm's Managing Director and Chief Executive 0ff\cer (MD and CEO) SUBRATA MONDAL in an inte Niew with Harsh Kumar in Gurugram. Mondal discussed the future plan of insurance companies alongwith emerging challenges forthe sector. Edited excerpts:

time-read
2 mins  |
November 22, 2024
Draft guidelines to upgrade 1,000 ITIs in the works
Business Standard

Draft guidelines to upgrade 1,000 ITIs in the works

Talks with stakeholders for proposed scheme completed

time-read
1 min  |
November 22, 2024
Business Standard

Adani Green abandons $600 mn bond offering

Adani Green Energy on Thursday announced it has decided not to proceed with the proposed USD-denominated bond offering, hours after US prosecutors charged Gautam Adani, his nephew and six others over allegations of bribery.

time-read
1 min  |
November 22, 2024
Business Standard

Corporate irregularities can impact economy at large: Justice Kumar

Financial misconduct and corporate irregularities can impact the economy at large and come at the expense of shareholders and banks, cautioned Justice PS Dinesh Kumar, presiding officer of the Securities Appellate Tribunal (SAT), on Thursday.

time-read
1 min  |
November 22, 2024
Quant MF's big Adani bet may have sense of deja vu
Business Standard

Quant MF's big Adani bet may have sense of deja vu

Quant mutual fund (MF) may have taken the biggest hit among fund houses from the slump in Adani group shares on Thursday.

time-read
1 min  |
November 22, 2024
Business Standard

US charges: Legal experts see no knee-jerk response from Sebi

The Securities and Exchange Board of India (Sebi) may not be in haste to take any action on the charges levelled by the US prosecutors on Adani group executives, according to legal experts.

time-read
1 min  |
November 22, 2024
Premium Valuations may cap upsidesforlndian Hotels
Business Standard

Premium Valuations may cap upsidesforlndian Hotels

Indian Hotels (IH) has an ambitious strategy of doubling its hotel portfolio and is aiming for a 14 per cent annual revenue growth. The goals are achievable, given financial discipline and agility.

time-read
3 mins  |
November 22, 2024
Vedanta Resources defers dollar bond issue due to mkt volatility
Business Standard

Vedanta Resources defers dollar bond issue due to mkt volatility

Billionaire Anil Aggarwal's Vedanta Resources has deferred the company's $1.2 billion bond issuance following volatility in the market after US justice department, in a report, charged Gautam Adani and others with $250 million bribery. The Vedanta dollar bond issue was to be priced on Thursday.

time-read
1 min  |
November 22, 2024