IT major HCLTech is likely to invest $150 million (about ₹1,450 crore) and lead a $300 million (around ₹2,850 crore) funding round in Sarvam AI, the foundational models upstart, people familiar with the developments told Moneycontrol. “While HCLTech will invest around $150 million in Sarvam AI, Bessemer Venture Partners (BVP) will put in another $50 … Read more
At the NASSCOM GCC event, Telangana IT Minister D. Sridhar Babu said the state aims to become India’s AI capital after adding 70 GCCs in the past year and targeting 100 more this year. The comments came amid global developments in AI earnings, infrastructure and cybersecurity, including workforce cuts at Cloudflare, Nvidia’s manufacturing partnership with … Read more
Global focus is shifting to courtroom testimonies involving Sam Altman, Greg Brockman and Satya Nadella, which could influence how artificial intelligence (AI) firms are structured and funded. Supply constraints are pushing Nvidia server prices higher in China, record gains at Samsung from memory demand, cost pressures flagged by Tim Cook, and India’s move to review … Read more
