Artificial intelligence
Indian Domestic Software Market Projected to Reach $100 Billion by 2035: Report
Driven by AI automation, low-cost software development, growing SMBs adoption, and widening government digitization programs, this unprecedented boom will take shape, according to SaaSBoomi and 1Lattice findings.
GCCs Drive Record-Breaking Office Leasing in India, Expected to Exceed 2,500 Units in 3-4 Years
Currently, over 1,800 GCCs take up 240 million square feet of Grade A office space across the country's top seven cities, serving more than 1,400 global corporations, the firm said. Since 2022, 100 new centers have been set up in India.
India Ranks 2nd in Emerging Tech Skills for 'Future of Work': QS Index
India ranks 27th in the first-ever QS Skills Index. The country also made major gains in three important categories - 37th in skills fit, 26th in academic readiness, and 40th in economic transformation.
Accel Targets AI, Consumer, Fintech, and Manufacturing Startups in India with Fresh $650 Million Fund
Accel is the first institutional investor in 80 per cent of its portfolio companies. The portfolio companies of note include BlackBuck, BlueStone, Cult.fit, Flipkart, Freshworks, Swiggy, Urban Company, and Zetwerk.
India Has the Potential to Lead in AI Like China Did in Manufacturing: Bhavish Aggarwal
India boasts the highest number of developers worldwide, along with a significant number of silicon designers and the largest IT services sector.
Surging Past Apple: Nvidia's $3 Trillion Market Cap Fueled by AI Boom
This is a stupendous feat achieved by Nvidia, crossing over a market cap of $3 trillion, largely sustained by exponential growth in the artificial intelligence domain.
Elon Musk's xAI Secures $6 Billion to Drive Next-Gen Tech Innovation
xAI says closing the Series B funding round is led by Valor Equity Partners, Vy Capital, and Andreessen Horowitz, among other leading investors, to hasten the commercialization of its first line of pioneering products and further build infrastructure. In its mission statement, xAI said that it is committed to developing AI that can be characterized by honesty, competence, and universal benefit in its mission to discover the truth of the cosmos.
India among world's high-growing mkts; enterprise needs, innovation great fit for us: Red Hat CEO Highlights
"I think India, at this point, is one of the strongest markets in the world with its fundamentals...When I look at the opportunity in India...one, it is a high-growing market and has enterprise needs, so that is a great fit for us...Also, the core technical innovation base exists in masses in India, so being able to start that and reach the entire nation through things like open source technologies, that is what really gets me excited about India," he said.
xAI, Elon Musk’s AI company raise to $6 billion: Report
The firm, founded by the tech tycoon, is about 10 months old company by the tech billionaire, which has unveiled an AI chatbot called ‘Grok’, to the world. According to TechCrunch, citing some insider information, the deal is expected to be sealed in the coming weeks.
Krutrim Achieves Unicorn Status as India's First AI Company with Latest Funding Round
The substantial funds acquired will play a pivotal role in advancing Krutrim's mission to reshape the AI landscape, foster innovation, and expand its global footprint, as stated in an official release.
Advertisement