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  • Euler Motors Secures $25 Million Debt Funding in Multiple Tranches

    This article was generated by AI and cites original sources.

    Euler Motors, a commercial electric vehicle startup, is in the process of securing Rs 220 crore, approximately $25 million, through a debt round to be conducted in multiple tranches. This move comes after the company raised Rs 638 crore in its Series D round just nine months ago.

    The funding details were revealed through regulatory filings obtained from the Registrar of Companies (RoC). In the initial tranche, Euler Motors aims to raise Rs 105 crore (about $11.6 million) by issuing non-convertible debentures. BlackSoil Capital is leading this round, with Trifecta Venture also participating.

    To facilitate this fundraising, Euler Motors’ board has approved the issuance of up to 10,500 NCDs priced at Rs 1,00,000 each. BlackSoil is set to contribute Rs 75 crore, while Trifecta will invest Rs 30 crore, making the total proposed debt raise Rs 105 crore.

    The capital raised will be utilized for various purposes including working capital, capital expenditure, refinancing existing borrowings, and general corporate needs. Established in 2018, Euler Motors focuses on producing three-wheelers and targets sectors like e-commerce and logistics with its electric vehicle solutions.

    Having raised over $200 million to date, Euler Motors counts Hero MotoCorp, GIC, and British International Investment as key investors. The company’s revenue for FY25 saw a 12% year-on-year increase to Rs 192.26 crore, while losses decreased by 12% to around Rs 200 crore during the same period.

    Source: Entrackr : Latest Posts

  • Bengaluru’s AI Superpark Aims to Enhance Real-World AI Models

    This article was generated by AI and cites original sources.

    Bharat1.ai co-founder Umakant Soni has revealed plans for an AI superpark in Bengaluru, with the primary goal of developing AI models firmly rooted in real-world data. Equipped with state-of-the-art technology, including robots, GPUs, and a team of dedicated researchers, the park will focus on generating valuable data that reflects real-world scenarios, thereby enhancing the accuracy and applicability of AI models.

    This strategic initiative underscores a shift towards more practical and grounded AI development, moving beyond theoretical simulations to embrace the complexities and nuances of real-world environments. By leveraging the diverse capabilities within the park, researchers aim to collect and analyze data that can significantly contribute to the enhancement of AI systems across various industries.

    With the AI superpark poised to become a hub for cutting-edge AI research and data generation, its impact on shaping the future of AI technologies is expected to be substantial. This project represents a significant step towards bridging the gap between AI research and real-world applications, setting a new standard for the industry’s approach to data-driven AI model development.

    Source: Tech-Economic Times

  • Sarvam AI’s Efficient Model Training Approach Showcases Potential Industry Impact

    This article was generated by AI and cites original sources.

    Sarvam, an AI company, has been deploying its models in various enterprise and government applications, such as voice AI and language technologies. Co-founder Pratyush Kumar revealed that the company achieved this by training multiple models internally, avoiding reliance on external technology.

    This approach highlights Sarvam’s commitment to self-sufficiency and showcases the efficiency of its model training process. By utilizing just 40 researchers, Sarvam’s ‘Frugal’ AI methodology, as described by Kumar, successfully conducted a ‘DeepSeek,’ demonstrating the company’s capability to innovate with limited external resources.

    With the increasing demand for AI solutions across sectors, Sarvam’s streamlined approach to model development could set a new standard in the industry. This cost-effective and internally-driven method underscores the company’s technical capabilities and positions Sarvam as a potential player in the AI landscape.

    Source: Tech-Economic Times

  • Credo AI and G42 Partner to Promote Responsible AI Governance Globally

    This article was generated by AI and cites original sources.

    Credo AI, a leading AI governance company, has announced a strategic partnership with G42, a technology company based in Abu Dhabi. This collaboration aims to drive the responsible use of AI technologies across the global south by integrating governance frameworks into AI systems deployed at both national and enterprise levels. The primary focus of this initiative is to promote ethical AI practices, enhance literacy about AI, and provide necessary tools for a more responsible AI ecosystem.

    Navrina Singh, CEO of Credo AI, revealed the details of this partnership during the recent India AI Impact Summit. The partnership between Credo AI and G42 will work towards implementing responsible AI governance frameworks, with the goal of ensuring the ethical and transparent deployment of AI technologies worldwide.

    Source: Tech-Economic Times

  • Expanding AI’s Reach: Google CEO Sundar Pichai Highlights US-India Partnership

    This article was generated by AI and cites original sources.

    In a recent address, Google CEO Sundar Pichai emphasized the critical role of the US-India partnership in expanding the accessibility of AI benefits to a wider audience. Pichai’s remarks came after discussions with Prime Minister Narendra Modi, focusing on accelerating India’s AI aspirations and enhancing Google’s involvement in nurturing talent, improving digital infrastructure, and driving sectoral advancements.

    Pichai’s focus on democratizing AI benefits underscores the importance of collaborative efforts between nations to ensure technology’s inclusive accessibility. By amplifying India’s AI capabilities and fostering talent development, the partnership aims to create a more inclusive tech ecosystem that caters to diverse populations.

    As AI continues to shape various industries and societal sectors, initiatives like those discussed by Pichai and Modi are pivotal in laying the groundwork for a more equitable distribution of technological advancements. By bridging gaps in talent, infrastructure, and innovation, the partnership sets a precedent for leveraging AI to benefit a broader spectrum of individuals and communities.

    Source: YourStory RSS Feed

  • India Strengthens Global AI Supply Chain Security by Joining Pax Silica Pact

    This article was generated by AI and cites original sources.

    India has formally joined the Pax Silica initiative, signing the Pax Silica Declaration to enhance AI and supply chain security globally. The Ministry of External Affairs announced India’s participation in the AI and supply chain security alliance during the AI Impact Summit in New Delhi. This move follows an invitation from the US and signifies a deepening collaboration between India and the US in critical technologies and supply chain resilience.

    The IT Minister, Ashwini Vaishnaw, highlighted the potential for India-US cooperation, emphasizing the importance of securing supply chains. The Joint Statement on the ‘India-US AI Opportunity Partnership’ complements the Pax Silica initiative, aiming to promote innovative regulatory approaches, enhance the AI infrastructure, and foster free enterprise.

    Pax Silica, initiated by the US to secure supply chains for silicon, semiconductors, and AI components, focuses on producing high-purity silica crucial for semiconductor manufacturing. This initiative underscores the significance of high-grade silica in ensuring optimal performance of AI chips.

    Source: Inc42 Media

  • ChatGPT Sees Rapid Adoption Among India’s Tech-Savvy Youth

    This article was generated by AI and cites original sources.

    OpenAI’s ChatGPT has become a popular tool among India’s tech-savvy youth, with users aged 18-24 driving 50% of the messages exchanged on the platform. The country has embraced ChatGPT, boasting over 100 million weekly active users, making India the largest market for the AI chatbot outside the US.

    The younger demographic’s affinity for ChatGPT is evident, with 80% of all consumer messages in India originating from users aged 18-34. This surge in adoption has enabled ChatGPT to cater to various needs, from educational support to early career guidance.

    OpenAI’s Chief Economist, Ronnie Chatterji, highlighted the rapid AI adoption in India, emphasizing the importance of data-driven decision-making in this evolving landscape. The data further reveals that 35% of Indian users leverage ChatGPT for work-related tasks, exceeding the global average of 30%. From editing to technical assistance, the chatbot has become an indispensable tool in professional settings, enhancing productivity and streamlining workflows.

    As Indians harness ChatGPT for both work and personal endeavors, the platform continues to evolve, offering practical guidance, information, and writing support. This widespread adoption underscores the integral role AI plays in everyday tasks and highlights India’s tech-forward approach.

    Source: mint – technology

  • Dell Unveils ‘AI India Blueprint’ to Accelerate Nationwide AI Adoption

    This article was generated by AI and cites original sources.

    Dell has unveiled the ‘AI India Blueprint,’ a strategic initiative aimed at transitioning India’s AI efforts from experimental phases to widespread implementation. Titled ‘Advancing India’s AI Future: A Blueprint for Trusted, Secure, and Nationwide Success,’ this plan outlines a roadmap for scaling AI applications across the country, fostering a framework for trustworthy and scalable AI solutions.

    The blueprint emphasizes a systematic approach to establishing AI as a unified national resource, rather than isolated technological experiments. By promoting the integration of AI on a national scale, Dell seeks to elevate India’s AI capabilities, ensuring a secure and reliable AI infrastructure for various sectors.

    This shift from individual AI projects to a cohesive national strategy signifies a pivotal moment for India’s technological landscape, positioning the country at the forefront of AI innovation and deployment.

    Source: Tech-Economic Times

  • UAE’s G42 to Deploy Powerful 8 Exaflop AI Supercomputer in India

    This article was generated by AI and cites original sources.

    During the India AI Impact Summit 2026, the Centre for Development of Advanced Computing (C-DAC) finalized a term sheet with UAE’s G42 to deploy a supercomputer cluster in India. This collaboration will result in the establishment of a national-scale AI supercomputer with a peak compute capacity of eight exaflops, nearly 19 times the combined capacity of India’s current flagship AI supercomputers. G42, in partnership with US-based AI chipmaker Cerebras, Mohamed Bin Zayed University of Artificial Intelligence, and C-DAC, will drive this project forward.

    The supercomputer cluster will be accessible to startups, public, and private sector entities for research, application development, and commercial purposes. This initiative is set to significantly enhance India’s computational capacity and sovereign AI efforts. The supercomputer’s operations will adhere to India’s governance frameworks, ensuring that all data processed remains within the country.

    Cerebras’ chief strategy officer, Andy Hock, highlighted that deploying this system in India will propel training and inference for large-scale AI models, empowering researchers and developers to tailor AI solutions to India’s requirements. The project aims to democratize AI innovation, fostering breakthroughs in the field.

    Source: Inc42 Media

  • Sarvam AI Unveils AI Models Transcending Language Barriers

    This article was generated by AI and cites original sources.

    Sarvam AI, a prominent player in the AI industry, has outlined its strategic roadmap to develop AI models that can operate seamlessly beyond linguistic confines. The company’s vision is to create AI solutions that can transcend language barriers, opening up new possibilities for innovation and collaboration.

    At the recent AI Summit, Sarvam AI emphasized the significant potential of deploying AI models within the country. With growing interest from both the public and governments, AI technology is poised to play a pivotal role in various sectors.

    By focusing on building models that look beyond languages, Sarvam AI aims to enhance the versatility and applicability of AI solutions. This forward-looking approach underscores the company’s commitment to pushing the boundaries of AI capabilities and fostering a more inclusive AI ecosystem.

    This strategic direction aligns with the broader trend of AI integration into diverse domains, reflecting the increasing demand for AI-driven solutions that can transcend language disparities. Sarvam AI’s efforts represent a step towards a more interconnected and AI-driven future.

    Source: YourStory RSS Feed