SAP Labs India, SAP s largest research and development (R&D) centre globally, is set to double its artificial intelligence (AI) talent base by 2024 to infuse AI capabilities into its entire portfolio. SAP Labs has about 15,000 employees in India, almost 60 per cent of whom are already working on AI related technologies.

Publication: Business Standard

Reliance exploring chipmaking: Billionaire Mukesh Ambani s Reliance Industries has begun exploring a foray into semiconductor manufacturing, a move that could address its supply chain needs and cater to growing chip demand in India, two people familiar with its strategy said.

Publication: Republic World

On semiconductor manufacturing unit proposals, Sinha who is also the CEO of the Indian Semiconductor Mission (ISM) said he is very hopeful that in one or two years, many companies will come directly, and we’ll see many more joint ventures too in future

Publication: The Economic Times

India s IT services sector is likely to see growth slow to just around 810% this year compared to 1819% in the past two financial years, said CRISIL Ratings, attributing the slowdown to geopolitical risks and inflationary headwinds in the US and Europe.

Publication: The New Indian Express

India Electronics and Semiconductor Association (IESA) inked a Memorandum of Understanding (MoU) with Korea Display Industry Association (KDIA) in Mumbai. This momentous agreement marks an extremely important collaboration of its kind between KDIA and an Indian industry body, solidifying their commitment to mutual growth and innovation in the display segment.

Publication: XO Today

The Indian government is considering 10 applications by chipmakers under a $10 billion capex linked incentive scheme, with two of the proposals being for silicon fabs, three for compound semiconductor fabs, and five for packaging chips, a senior official said on September 13.

Publication: Money Control

The central government is planning a graded transition regarding compliance with rules under the Digital Personal Data Protection (DPDP) Act, an official of the plans said. Under this approach, micro, small and medium enterprises (MSMEs) will get longer time frames to comply, while larger corporations will get less.

Publication: Live Mint

Colt Data Centre Services (DCS) will invest 750 million US dollars about Rs 6230 crore in building data centre capacity at new facilities in Mumbai and Chennai in the next three to five years, company executives told Business Standard after launching its first facility in Mumbai.

Publication: Business Standard

British chip designer Arm is targeting a valuation of more than $52 billion for its initial public offering ( IPO ) on the Nasdaq exchange on Thursday, according to a company press release Arm, whose semiconductor design is integrated into the vast majority of smartphones worldwide, has priced its shares at $51, the firm announced Wednesday, ahead of the largest IPO New York has seen for almost two years.

Publication: The Times of India

Prime Minister Narendra Modi aims to propel India into the top tier of advanced semiconductor technology manufacturing a giant scale of ambition to seize on the world s desire to reduce reliance on China, said a New York Times report.

Publication: The Hans India

Democratic lawmakers are pressing the top tech firms to open up about the conditions of their ghost work unseen laborers like those labeling data and rating responses who have become pivotal to the artificial intelligence boom.

Publication: ET Brand Equity

Round led by T. Rowe Price, joined by new investors Capital One Ventures, Ontario Teachers Pension Plan and strategic investor NVIDIA Databricks, the Data and AI company, today announced its Series I funding, raising over $500 million.

Publication: It Voice

In terms of costs of making an AI chip, Nvidia, one of the leading players in the business, has priced its A100 GPUs between $10,000 to $18,000. The newly created H100 is seemingly available at an over twice as expensive price.

Publication: The Financial Express

SAP Labs India, SAP’s largest R&D centre globally, is set to double its artificial intelligence (AI) talent base by 2024 to infuse AI capabilities into its entire portfolio. SAP Labs has about 15,000 employees in India, almost 60 per cent of whom are already working on AI related technologies.

Publication: Business Standard

The semiconductor industry holds paramount importance in India as it underpins the country’s ambitions in critical sectors like electronics manufacturing, defence, telecommunications, and information technology. With the increasing demand for advanced electronic devices, the semiconductor industry serves as the backbone for indigenous production, innovation, and technological self-reliance.

Publication: The Economic Times

The tech titans were at a recent meeting with US lawmakers about AI and future regulations. The closed-door meeting also attended by Bill Gates, Microsoft CEO Satya Nadella, Nvidia president Jensen Huang and OpenAI CEO Sam Altman was a rare congregation of more than a dozen top tech executives in the same room.

Publication: The Economic Times

The company plans to invest around Rs 250 crore over the next two-three years in building a new production facility and localisation efforts, said people with knowledge of the matter. Talks are at an advanced stages with two clients, likely HP and Lenovo, which could potentially help the electronics manufacturing services player meet incremental production targets under the revised PLI scheme, they said.

Publication: The Economic Times