India is eager to build its AI capabilities under the IndiaAI Mission. Meanwhile, India's efforts to attract Tesla have hit another roadblock amid a slowing global EV market that may impact capital expenditures of EV makers.
India to launch public AI platform under IndiaAI Mission
Ashwini Vaishnaw, the Union Minister for Electronics and IT, said at the Global IndiaAI Summit 2024 that the government would launch a public software UPI-like platform for AI. The state-backed initiative aims to provide entrepreneurs with essential resources like computing power, high-quality data sets, and standardized protocols. Researchers and businesses can leverage the platform to expedite AI development.
India-based MosChip leads design of indigenous HPC chip for national computing initiative
According to a statement by the Ministry of Electronics & IT of India on the Press Information Bureau, the Centre for Development of Advanced Computing (C-DAC) collaborated with a consortium formed by India-based MosChip Technologies and Japan-based Socionext to design and develop the AUM, an indigenous Arm-based HPC processor that incorporates advanced packaging technology.
Tesla reportedly delays investment plan in India amid slowing EV market
According to Bloomberg, Tesla is unlikely to proceed with its investment plans in India in the near future. Officials in New Delhi have not heard from Musk's team since he postponed his visit to India in late April. Sources familiar with the matter indicate that Tesla has financial concerns and does not intend to make new investments in India soon.
Apple suppliers in India reportedly reach incentive requirements except for value addition
According to Business Standard, Apple suppliers, which are eligible for India's production-linked incentive (PLI) scheme for large-scale electronics manufacturing, outperformed expectations on five out of six monitored parameters set by the government. These include incremental production value, exports, investment, and freight on board (FoB) value.
Alibaba to suspend data center operations in India and Australia
Alibaba Cloud has announced plans to discontinue its data center operations in Australia and India as part of a strategic shift in infrastructure investment. The decision, outlined in a statement on Thursday, comes amidst a broader effort to enhance spending in Southeast Asia and Mexico.
