In which we munch over the week's platter of news and views
For Nvidia, whose graphics processors are vital to the development of artificial intelligence systems, the South Asian nation of 1.4 billion people presents a rare opportunity
In addition, Infosys intends to establish an Nvidia Centre of Excellence, aiming to train and certify 50,000 employees in Nvidia AI technology
As part of the partnership, Infosys will have access to NVIDIA's full-stack gen AI program and will set up a NVIDIA Centre of Excellence
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Tata Consumer Products Ltd., the owner of the Tetley tea brand, was uncomfortable with Haldiram's $10 billion valuation
TCS will utilise the AI infrastructure and capabilities to build and process generative AI applications
The company is betting big on the startup ecosystem and is working with 15,000 startups globally, including in India, to partner on AI projects
Reliance will create AI applications and services for their 450 million Jio customers and provide AI infrastructure to scientists, developers and startups across India
This partnership is expected to further build on Reliance Industries' digital services business, which is housed under Jio Platforms
Nvidia will provide the Superchips and computers and Reliance Jio will take care of the applications and services
At Reliance Industries' 46th Annual General Meeting (AGM), Chairman Mukesh Ambani had promised "AI to everyone, everwhere"
Prime Minister Narendra Modi on Monday met CEO of American software firm Nvidia Jensen Huang and they talked at length about the "rich potential" India offers in the world of Artificial Intelligence. In a post on X, Modi said, "Had an excellent meeting with Mr. Jensen Huang, the CEO of @nvidia. We talked at length about the rich potential India offers in the world of AI. "Mr. Jensen Huang was appreciative of the strides India has made in this sector and was equally upbeat about the talented youth of India," the prime minister said. Nvidia Corporation is an American multinational technology company that was founded on April 5, 1993, by Jensen Huang, Chris Malachowsky, and Curtis Priem, with a vision to bring 3D graphics to the gaming and multimedia markets.
The investors will put in amounts ranging from $25 million to $100 million, according to the people
Though Nvidia didn't give long-term projections Wednesday, Huang said that supply will "substantially increase for the rest of this year and next year
The shares soared more than 6% in extended trading after Nvidia said sales will be about $16 billion in the three months ending in October
Indian IT Services companies, Goldman Sachs said, have doubled their market share in the last 10 years to 6.2 per cent of the global IT spending in CY22
CLOSING BELL ON AUGUST 24, 2023: The Nifty tumbled over 200 pts in intra-day deals, and ended with a loss of 57 points. IndusInd Bank, Asian Paints and Infosys, however, gained over a per cent each.
The global rally lacks breadth, with only a few tech stocks driving the surge. In contrast, India's market stands out as an exception
Nvidia's value has jumped as its graphics processors have become the most popular for data centers needed to power generative artificial intelligence