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The Uttar Pradesh government has cancelled a proposed Rs 25,000 crore Memorandum of Understanding (MoU) signed with Bengaluru-based startup Puch AI for developing artificial intelligence infrastructure in the state, citing lack of financial credibility on the part of the firm. In a statement issued on the official handle of InvestUP on Thursday, the government said the decision was taken after a review conducted as per standard operating procedures revealed that the company did not possess the requisite net worth or credible financial linkages to execute a project of such magnitude. "As per standard protocols laid by the state government, the MoU signed with Puch AI on March 23, 2026, was reviewed. Necessary details were sought from the investor, but they were not provided in a timely manner. Due-diligence showed lack of net worth and credible financial linkages for the project's scale," the statement said. It added that the agreement stands cancelled with immediate effect and no ..
Indian enterprises are outpacing their global counterparts in terms of large-scale adoption of Artificial Intelligence, with most organisations expecting to increase their AI spending next year, according to a report by Deloitte. However, this rapid deployment contrasts with a significant capability gap, as India reports lower levels of specialist AI expertise compared to the global average. The 'State of AI in the Enterprise' report for 2026 revealed that Indian firms are advancing past trials to lead global peers in large-scale AI adoption across key functions. "... At-scale deployment is strongest in Product Development (62 per cent), Strategy and Operations (56 per cent), Marketing & Sales (55 per cent) and Supply Chain (48 per cent), signalling that AI is increasingly embedded into functions that drive growth, efficiency, and competitive advantage. "40 per cent of Indian respondents report significant or full usage, compared with a global average of approximately 28 per cent,
: Artificial Intelligence is sparking the "largest infrastructure buildout in human history," requiring trillions of dollars in investment and creating massive demand for skilled blue-collar labour, NVIDIA Founder and CEO Jensen Huang has said. In a recent blog post, Huang argued AI has evolved past being a simple application or a single model, and must now be viewed as essential infrastructure akin to electricity and the internet. "We have only just begun this buildout. We are a few hundred billion dollars into it. Trillions of dollars of infrastructure still need to be built. Around the world, we are seeing chip factories, computer assembly plants and AI factories being constructed at unprecedented scale. This is becoming the largest infrastructure buildout in human history," Huang wrote. Huang conceptualised AI as a "five-layer cake" comprising energy, chips, infrastructure, models, and applications. He emphasised that energy forms the foundational layer and remains the "binding