Intel Says Its Gaudi 2 Accelerator is Nvidia H100's Only Benchmarked Alternative for Generative AI

Intel Gaudi 2 continues to shine as the sole benchmarked alternative to Nvidia's H100 in the realm of generative AI (GenAI) performance. Intel's ambitious goal to deliver competitive AI solutions across its portfolio is evident through the latest MLPerf v4.0 benchmark results. "The Intel Gaudi 2 AI accelerator remains the only benchmarked alternative to Nvidia H100 for generative AI (GenAI) performance and provides strong performance-per-dollar," said Intel, in an official news release. 

In a recent MLPerf GPT-J inference benchmark, Intel's Gaudi 2 achieved near-parity performance with Nvidia's H100, reinforcing its position as a formidable alternative.

The Intel® Gaudi® 2 accelerator is a heavyweight contender in the AI accelerator arena, designed specifically for deep learning training and inference. It delivers two times the performance of A100 on Computer Vision, NLP, and large scale models.

Gaudi 2 shrinks the process from 16nm to 7nm, increases the number of Al-customized Tensor Processor Cores from 8 to 24, adds FP8 support, and integrates a media compression engine.

Additionally, Intel remains the exclusive server CPU vendor to submit MLPerf results. The 5th Gen Intel Xeon processors have shown an impressive 1.42x improvement compared to their 4th Gen counterparts in MLPerf Inference v3.1.

Intel Gaudi 2 

Developed by Habana Labs, now part of Intel, the Gaudi 2 is equipped with a whopping 96GB of HBM2E memory offering ample space to store and process massive datasets. Additionally, the high bandwidth of 2.45 TB/s ensures smooth data flow during training and inference processes, minimizing bottlenecks.

Habana Labs is considered the center of excellence for AI solutions at Intel, and Intel acquired the company in 2019 for approximately $2 billion.

It is said that Habana Labs is now working on Gaudi 3, which is expected to offer a significant performance boost.

Intel Gaudi 2 Vs NVIDIA H100 / A100

Gaudi 2 vs. NVIDIA H100

Performance: Gaudi 2 remains the only benchmarked alternative to Nvidia H100 for generative AI (GenAI) performance.

Price-to-Performance: It provides strong performance-per-dollar.

MLPerf Results: Intel is the exclusive server CPU vendor to submit MLPerf results, showcasing Gaudi 2's capabilities.

Scalability: Gaudi 2 integrates 24 100-gigabit RDMA over Converged Ethernet (RoCE2) ports, making it cost-effective and easy to scale out training capacity.

Networking: These ports enable efficient communication within the server, enhancing throughput.

Intel Gaudi 2 vs. NVIDIA A100

Inference: Gaudi 2 matches the latency of Nvidia H100 systems on decoding and outperforms the Nvidia A100 in large language model (LLM) inference.

Performance: Gaudi 2 is about twice faster than the NVIDIA A100 80GB for both training and inference. 

Available on the Intel Developer Cloud for easy access.

Memory Bandwidth: Gaudi 2 achieves higher memory bandwidth utilization than H100 and A100.

In summary, Intel Gaudi 2 offers compelling performance-per-dollar and can be a respected alternative to Nvidia's offerings. While Nvidia A100 remains a powerhouse, Gaudi 2 provides better value in many scenarios.

IndianOil and Panasonic Energy To Form JV for Manufacturing Lithium-Ion Cells in India

Indian Oil Corporation Limited and Japan's Panasonic Energy Co. Ltd., a Panasonic Group company, have signed a binding term sheet to form a joint venture (JV) for manufacturing cylindrical lithium-ion cells in India.

This initiative is driven by the anticipated expansion of demand for batteries for two- and three-wheel vehicles and energy storage systems in the Indian market. Cylindrical lithium-ion batteries are commonly used in consumer electronics, power tools, and electric vehicles.

The two companies are engaging in a feasibility study regarding the utilization of battery technology to facilitate the transition to clean energy in India.

State-owned IOCL aims to achieve net-zero carbon emissions by 2046, aligning with the Indian government's plan to achieve net-zero for the country as a whole by 2070.

Through its partnership with IndianOil, Panasonic Energy aims to address environmental challenges, such as reducing CO2 emissions, as well as to contribute to establishing a complete supply chain ecosystem for improving India's self-reliance and fortifying India's position in the global energy landscape. This will also lead to the growth of India's battery industry by enhancing cell technology and creating domestic demand for raw materials and new entrants.

Leveraging its expertise in battery development and manufacturing, Panasonic Energy strives to contribute to the growth of the lithium-ion battery industry and India's energy transition, while pursuing its mission of helping to build a sustainable society.

Established in April 2022, Panasonic Energy provides battery technology-based products and solutions globally.

IndianOil aims to address environmental challenges, such as reducing CO2 emissions, through its partnership with Panasonic Energy. Leveraging Panasonic Energy’s expertise in battery development and manufacturing, both companies will strive to contribute to the growth of the lithium-ion battery industry and to India's energy transition, while pursuing its mission of helping to build a sustainable society.

German MedTech Firm Dräger Establish ODC at Tata Elxsi's Pune Facility

Tata Elxsi and Dräger, a global leader in medical and safety technology, have announced an innovative partnership to drive critical care innovation in India.

As part of this collaboration, Dräger is expanding its research and development presence by establishing a new Offshore Development Center (ODC) at Tata Elxsi's facility in Pune.

The ODC will focus on developing innovative critical care medical devices for both local and international markets. This partnership combines Tata Elxsi's design and technology expertise with Dräger's expertise in medical and safety technology.

The development center will unite talent from both organizations, dedicated to designing and developing innovative critical care medical devices for deployment in the Operation Theatre (OT) environment worldwide. The ODC provides a comprehensive critical care equipment testing facility, equipped with medical-grade gases, compressors, and oxygen cylinders to create a test environment that meets the demanding requirements of the OT setup.

This collaboration aims to push the boundaries of medical innovation, adhering to the highest safety and efficacy standards for critical care settings. It showcases Indian R&D capabilities on the global stage and marks Dräger's second R&D center in India. The partnership underscores the strategic importance of India as an R&D hub and sets new standards in critical care equipment development.

Dräger is a German company based in Lübeck that specializes in breathing and protection equipment, gas detection and analysis systems, and non-invasive patient monitoring technologies. Their products are used by hospitals, fire departments, and diving companies worldwide.

Founded in 1889, Dräger has grown into a global enterprise with over 16,000 employees and a presence in more than 190 countries. In 2023, the company generated net sales of approximately EUR 3.4 billion. Their commitment to safety and innovation makes them a significant player in critical care technology.

Tata Elxsi's Healthcare & Life Sciences practice is ISO 13485 certified and collaborates with prominent medical device and pharmaceutical OEMs, as well as technology companies. With a comprehensive services and solutions portfolio, Tata Elxsi adds value at every stage of the customer's product development lifecycle.

 

Wipro Ties with IISc To Offer Eligible Employees a Higher Education Program in AI, ML and Data Analytics

Wipro Limited, a leading technology services and consulting company, has recently announced a collaboration with the Indian Institute of Science (IISc). This collaboration aims to offer eligible Wipro employees a higher education program in Artificial Intelligence (AI). The online Master’s in Technology (MTech) course will focus on key areas such as AI, Foundations of Machine Learning (ML)/AI, Data Science, and Business Analytics, addressing the growing demand for skilled professionals in these domains.

As part of this collaboration, selected Wipro employees will have full access to IISc faculty members, online lectures, libraries, and alumni networks. They will also benefit from mentorship by seasoned professionals from the Data, Analytics, and AI practice at Wipro.

The acceptance to the program will be subject to rigorous entrance tests and evaluations designed by IISc.

This initiative underscores Wipro's commitment to cultivating a future-ready workforce and advancing its leadership position in the dynamic realm of AI. It's exciting to see companies like Wipro investing in skill-building and up-skilling by engaging with premier universities like IISc.

As part of this collaboration, selected Wipro employees will have full access to IISc faculty members, online lectures, libraries, and alumni networks. They will also benefit from mentorship by seasoned professionals from the Data, Analytics, and AI practice at Wipro.The acceptance to the program will be subject to rigorous entrance tests and evaluations designed by IISc.

“We are thrilled that Wipro stands among the pioneers in the industry, offering a Master’s degree program to our top-performing employees, under our WILP (Work Integrated Learning Programs),” said Sanjeev Jain, Senior Vice President and Global Head, Business Operations, Wipro Limited. “GenAI is evolving at a rapid pace, and we are confident that selected employees will gain immensely from the knowledge at IISc and develop capabilities for the opportunities ahead delivering strong business outcomes.”

“We are happy to support Wipro in providing higher education opportunities for their employees, especially in emerging areas like data science, GenAI and next-gen communications, through the highly successful MTech (Online) program offered by IISc for the past few years,” said Prof Rajesh Sundaresan, Dean, Division of EECS, IISc. “The program curriculum for working professionals has been designed with the same high standards as our full-time programs, with our faculty members delivering content online to train students on foundational concepts and real-world applications.”

Tata Steel To Infuse ~ Rs 6,600 Crore in Equity of Neelachal Ispat Nigam

Tata Steel plans to infuse up to Rs 6,600 crore in Neelachal Ispat Nigam Ltd (NINL) 's equity over the next two years, reported The Telegraph. This capital injection aims to fund NINL's expansion plans, specifically focusing on its long products business segment.

This move comes after Tata Steel acquired NINL, in early 2022, for Rs 12,100 crore through a government divestment process. NINL is expected to benefit from Tata Steel's expertise in the steel industry, allowing it to grow its long products business. Analysts believe this investment is a positive step for Tata Steel, as it strengthens their presence in the long products market and aids NINL's growth trajectory.

Neelachal Ispat Nigam Ltd (NINL) is an integrated iron and steel plant located at Kalinganagar, Duburi, Dist-Jajpur, Odisha. Presently, NINL produces pig iron and LAM coke, along with other products like nut coke, coke breeze, crude tar, ammonium sulphate, and granulated slag (phase-l). The company also has its own captive power plant and exports a substantial quantity of power.

Tata Steel Long Products Limited (TSLP), a subsidiary of Tata Steel, has completed the acquisition of 93.71% in NINL from various entities, including MMTC Ltd., NMDC Ltd., MECON Ltd., and others. The acquisition was made for Rs. 12,100 Crore.

NINL is located in close proximity to Tata Steel's state-of-the-art facility at Kalinganagar. This acquisition provides synergies of shared infrastructure, resources, and management. Tata Steel aims to build a dedicated and sustainable long products complex.

Tata Steel plans to restart the existing 1-million tons per annum steel plant at NINL and simultaneously work on expanding its capacity. The goal is to build a 4.5 million tons per annum state-of-the-art long products complex in the next few years, with further expansion to 10 million tons per annum by 2030.

NINL will focus on producing long products such as wire, bars, and rods, which are crucial for India's infrastructure development and construction sector.

This investment aligns with Tata Steel's commitment to Odisha and its growth strategy in the long products business.

In steel manufacturing, long products refer to a variety of steel shapes and forms that are typically elongated or have extended lengths. These include — Hot Rolled Bar commonly used in construction and manufacturing; Cold Rolled or Drawn Bar; Rebar (Reinforcing Bars), used to reinforce concrete structures, such as in buildings and bridges; Railway Rails, the tracks on which trains run, made from long steel sections, and others.

Long products play a crucial role in construction, infrastructure, and manufacturing sectors.

Bill Gates, Amazon backed Startup Opens World's 1st Green Steel Plant

Electra, a startup backed by Bill Gates and Amazon, has opened its first steel production plant in the United States. This pilot plant, located in Colorado, utilizes renewable energy to produce clean metallic iron from high-impurity ores. The process aims to create "green" steel, which could significantly reduce the environmental impact of steel production.

By integrating renewable energy resources, Electra achieves emissions-free iron production at a much lower temperature than traditional coal-fired furnaces. Their clean iron has a purity of over 99%, making it valuable for electric arc furnace (EAF) steelmakers. This innovative approach represents a significant step toward a cleaner and more sustainable steel industry.

Electra has developed a groundbreaking process for green steel production. Electra's method operates at a mere 60 degrees Celsius (around the temperature of coffee), which is significantly lower than traditional steelmaking processes that rely on coal-fired furnaces. Electra uses a proven industrial-scale electrochemical and hydrometallurgical process. Here are the key steps:

• Dissolving Iron Oxide: First, they dissolve iron oxide ore in an aqueous acid solution.
• Precipitating Metals: This step allows them to selectively refine the main impurities in iron ore, such as alumina and silica, as co-products.
• Direct Reduction: Electra directly reduces iron oxide into iron without the need for a blast furnace or coal burning.

The result is high-purity, gangue-free iron metal with a purity of over 99%. This clean iron can be charged directly into electric arc furnace (EAF) steelmakers, making it valuable for steel production.

 

Electra's Melissa Mansour, Faxson Cockrell, Colleen Wallace, Ben Whitman and Michael Street inspect a plate of iron from Electra's low-temperature iron electrowinning cell at its pilot plant in Boulder, Colorado.

This is a significant improvement compared to traditional steelmaking methods that rely on melting high-grade ores with coal, emitting 10% of global carbon dioxide emissions.

Electra's pilot plant represents a significant step toward a cleaner, more sustainable, and circular steel industry. Partnerships across the value chain support their goal of producing millions of tonnes of clean iron by the end of the decade.

In summary, Electra's process aims to bend the trajectory of climate change by creating green steel through innovative technology and sustainable practices.

In October 2022, Electra raised $85 million in Series B round of funding from notable group of backers including Bill Gates-founded Breakthrough Energy Ventures, Amazon, BHP Ventures, Temasek, S2G Ventures, Capricorn Investment Group, Lowercarbon Capital, Valor Equity Partners, and Baruch Future Ventures.

Several other companies are also actively working on green steel production, aiming to reduce the environmental impact of steelmaking.

Swedish startup, H2 Green Steel, is building a large-scale plant in Sweden that will produce steel using hydrogen made from renewable energy instead of coal. By the end of next year, they plant to begin making steel for customers like Ikea and Mercedes-Benz. Their goal is to produce 5 million tons of green steel annually.

Boston Metal uses electrolysis to create steel from iron ore. By leveraging this innovative process, they aim to reduce emissions associated with traditional steel production.

Arcelor Mittal and China Baowu Group have also announced commitments to net-zero steelmaking, championing solutions for a more sustainable industry.

For the 1st Time Scientists Found Experimental Evidence of Graviton-like Particle

Gravitons are fascinating hypothetical particles that play a pivotal role in our understanding of gravity. These are the fundamental particles that mediate the force of gravitational interaction in the realm of quantum field theory.

In simpler terms, they carry the gravitational force, much like how photons carry the electromagnetic force. When you toss something upward, and it gracefully descends due to gravity, it's essentially the gravitons at work.

Like photons, gravitons are expected to be massless and electrically uncharged. Gravitons too travel at the speed of light, zipping through the fabric of spacetime. Their existence is rooted in the quest for a unified theory that combines quantum mechanics and gravity.

Gravitons are the focus of the search for the "theory of everything", which would unify Einstein's General Relativity (GR) theory of gravity with quantum theory

Gravitons remain elusive and unobserved and continue to intrigue scientists as we seek to unravel the mysteries of gravity and the cosmos.

In a latest however, scientists have glimpsed into graviton-like particles and these particles of gravity have shown their existence in a semiconductor.

An international research team led by Chinese scientists has, for the first time, presented experimental evidence of a graviton-like particle called chiral graviton modes (CGMs), with the findings published in the scientific journal Nature on Thursday.

By putting a thin layer of semiconductor under extreme conditions and exciting its electrons to move in concert, researchers from eastern China’s Nanjing University, the United States and Germany found the electrons to spin in a way that is only expected to exist in gravitons.

Despite the breakthrough, Loren Pfeiffer at Princeton University, who wrote the paper of this findings, said "This is a needle in a haystack [finding]. And the paper that started this whole thing is from way back in 1993." He wrote that paper with several colleagues including Aron Pinczuk, who passed away in 2022 before they could find hints of the gravitons.

The discovery of chiral graviton modes (CGMs) and their shared characteristics with gravitons, a still-undiscovered particle predicted to play a critical role in gravity, could potentially connect two subfields of physics: high-energy physics, which operates across the largest scales of the universe, and condensed matter physics, which studies materials and the atomic and electronic interactions that give them their unique properties.

Scientists in China, the US and Germany used polarised laser light to measure graviton-like excitation and spin in a quantum material. (Image - SCMP.org)

The ability to study graviton-like particles in the lab could help fill critical gaps between quantum mechanics and Einstein’s theories of relativity, solving a major dilemma in physics and expanding our understanding of the universe.

The term "graviton" was coined in 1934 by Soviet physicists Dmitrii Blokhintsev and F. M. Gal'perin. Paul Dirac later reintroduced the term, envisioning that the energy of the gravitational field should come in discrete quanta—these quanta he playfully dubbed "gravitons."

Just as Newton anticipated photons, Laplace also foresaw "gravitons," albeit with a greater speed than light and no connection to quantum mechanics or special relativity.

Microsoft and OpenAI Announce $100 Bn Data Center To House 'Stargate' AI Supercomputer

Microsoft and OpenAI have announced plans for a groundbreaking project involving a $100 billion data center that will house the "Stargate" artificial intelligence supercomputer. This ambitious endeavor is part of a larger five-phase plan, with Stargate representing the final phase.

The project is expected to significantly advance AI data center capabilities, with multiple similar projects planned in the United States over the next six years.

The Stargate supercomputer is set to be a game-changer in the field of AI, designed to work with chips from various suppliers and featuring millions of GPUs.

This multi-phase initiative involves the construction of a large-scale data center in the United States and the development of a next-generation AI supercomputer codenamed "Stargate."

Unprecedented Processing Power

Stargate is envisioned to leverage millions of specialized AI chips, enabling it to achieve unprecedented levels of computing power specifically tailored for AI research.

The project anticipates a substantial energy footprint, potentially reaching 5 gigawatts by 2030. To address this, Microsoft and OpenAI are exploring alternative energy sources like nuclear power to ensure sustainable operation.

Artificial General Intelligence (AGI) 

This long-term project is strategically positioned to provide OpenAI with the necessary computational resources to pursue advancements in artificial general intelligence (AGI), a field aiming to create human-level intelligence in machines.

Project Stargate is strategically positioned to be a launching pad for advancements in artificial general intelligence (AGI). AGI, a field that strives to create human-level intelligence in machines, remains largely theoretical. However, by providing OpenAI with the necessary computational muscle, Stargate could pave the way for significant breakthroughs in areas like reasoning, problem-solving, and learning – capabilities that are fundamental to achieving true AGI.

While the project is still in its infancy, the Microsoft-OpenAI collaboration on Stargate represents a significant leap forward in the quest for AI supremacy. The combined expertise and resources of these two giants have the potential to revolutionize the field of AI and usher in a new era of intelligent machines.

Maruti Suzuki Invest Over INR 1.99 Cr in Amlgo Labs, An ML & AI-based Startup

Maruti Suzuki India Limited has recently made a significant investment in Amlgo Labs Private Limited. The investment amounts to over INR 1.99 crore, which will give Maruti Suzuki an equity stake of over 6.44% in the startup.

The investment is aligned with the Government's #StartUpIndia initiative and represents Maruti Suzuki's active role in strengthening the startup ecosystem and encouraging innovation relevant to the automobile industry.

Amlgo Labs specializes in data analytics, cloud engineering, Machine Learning (ML), and Artificial Intelligence (AI), providing data-driven decision-making assistance to companies. This investment is part of Maruti Suzuki's Innovation Fund, aimed at strategic investments in technologically innovative startups. It's also noteworthy that this is not Maruti Suzuki's first foray into the startup space, as they previously invested in Sociograph Solutions Private Limited in June 2022.

Maruti Suzuki India Limited has shown a keen interest in the startup ecosystem, particularly in technology-driven companies. Apart from the recent investment in Amlgo Labs Private Limited, Maruti Suzuki has previously invested in Sociograph Solutions Private Limited, in June 2022, and marked the company's entry into supporting startups with innovative mobility solutions.

These investments are part of Maruti Suzuki's Innovation Fund, which aims to back startups exhibiting high levels of technological innovation. The focus is on startups that can contribute to the automobile industry with advancements in areas like data analytics, artificial intelligence (AI), machine learning (ML), and cloud engineering.

Maruti Suzuki has been actively participating in the startup ecosystem, particularly in the mobility and technology sectors. They have established the Maruti Suzuki Innovation Platform, which is designed to support startups by offering benefits like faster go-to-market strategies, refining offerings with Maruti Suzuki's test bed, winning paid proof of concept opportunities, and attracting compelling investments.

Moreover, Maruti Suzuki has collaborated with IIM Calcutta Innovation Park (IIMCIP) to strengthen the startup ecosystem, particularly focusing on eastern India. They have also engaged with multiple startups under their MAIL initiative, which is an accelerator program launched in January 2019 to co-create innovative business solutions in the mobility space.

The Man Who Ate Uranium

Galen Winsor was a notable figure in the nuclear industry, particularly known for his work as a safety officer at the Hanford Nuclear Site and his controversial claims regarding the safety of radioactive materials. He argued that the dangers of radioactive materials were overstated and he even performed risky actions to prove his point, such as swimming in a pool used for storing spent nuclear fuel rods and drinking water from it without suffering ill effects.

Winsor, a nuclear physicist, has traveled and lectured all over America, spoken on national talk radio, and made several videos exposing the misunderstood issues of nuclear radiation. He shows that fear of radiation has been exaggerated to scare people ... so a few powerful people can maintain total control of the world's most valuable power resource.

Winsor's actions and statements sparked debates on radiation safety and the handling of nuclear materials. Despite his claims, there have been concerns and compensation claims from former workers related to alleged exposure to radiation at nuclear facilities. Winsor's legacy remains a topic of discussion in the context of nuclear safety and the public perception of radiation risks.

Galen Winsor made several controversial claims regarding the safety of radioactive materials. Some of his notable assertions included:

Swimming in Spent Fuel Pools: Winsor claimed to have swum in a pool used for storing spent nuclear fuel rods and even drank water from it, suggesting that the water was not harmful.

Eating Uranium: In 1986, he also claimed to have eaten uranium and argued that it did not have any significant impact on his health due to its low radioactivity and high toxicity threshold. Winsor argued that the toxicity of uranium was a greater risk than its radioactivity, and he claimed to have ingested uranium without suffering health effects.

Winsor reportedly consumed the radioactive material in the year 1986 and died in 2008, when he was of age 86.

Drinking Radioactive Water: He also claimed to have drunk water from a spent nuclear fuel pool and to have eaten uranium, suggesting that these actions did not cause him harm.

Downplaying Radiation Dangers: Winsor frequently downplayed the dangers of radiation, asserting that the public's fear of nuclear power and radioactive materials was exaggerated.

Conspiracy Theories: He proposed that there was a conspiracy by an energy cartel to misinform the public about the dangers of radioactive materials, which he believed were largely harmless.

Three Mile Island Incident: He went as far as to claim that the 1979 partial meltdown at the Three Mile Island Nuclear Generating Station did not occur and that the event was fabricated to stoke public fears. In a 2020 video, Galen Winsor claims that the Three Mile Island event was not an accident. 

Claims of Galen Winsor were met with skepticism and criticism, as they contradicted established scientific understanding and safety protocols regarding radiation exposure. It's important to note that while Winsor's actions were meant to prove his point, they are not supported by scientific consensus and should not be replicated. Safety measures and regulations in the nuclear industry are in place to protect workers and the public from potential hazards.

It's important to note that while Winsor's actions were bold, they were also highly unconventional and not in line with standard safety practices. The handling and consumption of radioactive materials are subject to strict regulations to protect individuals from potential harm.

Winsor's demonstrations were meant to challenge regulatory measures which he considered excessive, but they should not be seen as a guideline for the safe handling of radioactive substances.

Ford and Lincoln Car Owners Can Now Join Webex Meetings/ Calls Directly from Their Vehicle's Infotainment System

Cisco and Ford Motor Company have collaborated to introduce the Webex app in Ford and Lincoln vehicles, enhancing productivity for people on the move.

This integration allows users to join Webex meetings and calls directly from their vehicle's infotainment system, with video capabilities when parked and audio-only while driving. The app includes features like AI background noise removal and is designed to transform the vehicle into an alternative workspace¹². This rollout was announced at Enterprise Connect on March 26, 2024.

The Webex app in Ford and Lincoln vehicles is designed to transform the car into a mobile office, offering seamless and secure collaboration for users on the go. Here's how it works:

While Driving

The app operates in audio-only mode to ensure an uninterrupted connection for calls and meetings, similar to a regular Webex call.

Users can join meetings using voice commands or steering-wheel buttons.

When Parked:

• The app provides a fully immersive meeting experience.
• Users can view shared content and videos of remote participants on the center display.
• It allows real-time reactions on the touchscreen to engage in collaboration. 
• Customizable layouts are available, such as Grid view for up to 6 people or Focus view for a more concentrated perspective.

The app includes features like AI background noise removal and is available for download in select Ford and Lincoln vehicles equipped with the Ford and Lincoln Digital Experience. Owners can effortlessly log in by scanning a QR code to access their Webex meetings and calls

The Webex app is available to download on Google Play in vehicles equipped with the Ford and Lincoln Digital Experience, including on the all-new 2024 Lincoln Nautilus and coming soon on the new 2025 Lincoln Aviator and 2025 Ford Explorer.

The Webex app is now available for customers on the all-new 2024 Lincoln Nautilus and is coming soon on the new 2025 Lincoln Aviator and 2025 Ford Explorer.

Optimising Business Performance: Managing Cash Flow with Working Capital Loans

Effective cash flow management is crucial for the success of any business, particularly in light of rising interest rates. The cornerstone of maintaining healthy cash flow lies in the adept handling of working capital, which encompasses short-term assets and liabilities like cash, inventory, and accounts payable and receivable.

Skillful management of these components is imperative to sustain adequate cash flow, particularly during expansion phases or economic unpredictability.

Enhancing working capital management directly amplifies the amount of free cash flow accessible for distribution, debt settlement, and reinvestment. Additionally, it boosts valuation multiples that investors and analysts heavily rely on. Prioritising working capital optimisation is crucial when evaluating acquisition prospects or enhancing the performance of portfolio companies.

Understanding Working Capital Loans

A Working Capital Loan serves as a financial resource tailored to sustain the day-to-day functions of a business. It addresses various operational expenses such as employee salaries, accounts payable, and other short-term financial commitments.

Businesses encountering irregular sales patterns or seasonal fluctuations often need help maintaining a consistent cash flow. In such scenarios, a Working Capital Loan proves indispensable, furnishing the necessary funds to uphold seamless operations.

Understanding that a Working Capital Loan is not meant for business expansion endeavours or asset procurement is essential. Instead, its purpose lies in meeting immediate financial obligations and operational necessities, enabling businesses to concentrate on their long-term objectives with confidence.

Identifying Your Cash Flow Needs for Better Loan Procurement

Understanding your business finances hinges on grasping your cash flow statement, a vital financial document. Yet, interpreting this statement can feel like unravelling a complex code for many entrepreneurs and small business owners. However, with a bit of guidance, decoding and analysing your cash flow statement is entirely feasible.

So, what exactly does a cash flow statement entail?

It is a financial snapshot illustrating the movement of money into and out of your business during a specific timeframe. This encompasses all revenue sources and incurred expenses within that period.

To analyse your cash flow statement effectively, it is crucial to break it down into three primary sections: operating activities, investing activities, and financing activities. Each section offers insights into distinct facets of your business's financial well-being.

Operating activities delineate the day-to-day operations of your company, encompassing aspects like sales revenue and operational expenses. Investing activities pertain to any purchases or sales made by your company, such as acquisitions of property or equipment. Meanwhile, financing activities focus on changes in debt levels or equity.

Thoroughly scrutinising each section independently while also considering overall trends in positive or negative cash flows over time, empowers you to make informed decisions regarding procurement and fosters optimal growth potential for your business.

How to Secure a Working Capital Loan?

Securing a working capital financing involves several steps to ensure that your business is well-prepared to meet the lender's requirements and demonstrate its ability to repay the loan. Here's a general guide:

Assess Your Needs: Determine the amount of working capital required for your business. Analyse your cash flow projections and identify the specific areas where additional funds are needed to cover operational expenses, such as inventory purchases, payroll, or accounts payable.

Prepare Financial Documentation: Gather all necessary financial documents, including balance sheets, income statements, cash flow statements, and tax returns. Lenders will use these documents to evaluate your business's financial health and repayment capacity.

Develop a Solid Business Plan: Craft a comprehensive business plan that outlines your company's objectives, market analysis, competitive landscape, and financial projections. A well-defined business plan demonstrates to lenders that you have a clear strategy for utilising the working capital loan effectively and achieving growth.

Research Lenders: Explore different lending options, including traditional banks, credit unions, online lenders, and alternative financing sources offering the right collateral-free business loans. Compare interest rates, terms, and eligibility requirements to find the best fit for your business.

Improve Creditworthiness: Strengthen your business credit profile by paying bills on time, reducing outstanding debts, and resolving any past credit issues. A strong credit history increases your chances of qualifying for a working capital loan at favourable terms.

Collateral and Guarantees: Be prepared to provide collateral or personal guarantees to secure the loan, especially if your business lacks a strong credit history or sufficient cash flow. Collateral may include business assets such as equipment, inventory, or real estate.

Prepare Loan Application: Complete the loan application accurately and thoroughly, providing all requested information and supporting documentation. Be prepared to explain how the working capital loan will benefit your business and contribute to its growth.

Negotiate Terms: Review the loan terms carefully, including interest rates, repayment schedule, fees, and any other conditions. Negotiate with the lender to ensure favourable terms align with your business's financial needs and objectives.

Monitor Progress: Stay in communication with the lender throughout the loan application process, providing any additional information or documentation as requested. Be proactive in addressing any concerns or questions the lender raises to expedite the approval process.

Use Funds Wisely: Once you secure the working capital loan, use the funds wisely to address your business's specific needs and improve its financial stability. Monitor your cash flow regularly and make timely repayments to maintain a positive relationship with the lender.

Conclusion

Working Capital Loans are indispensable for the sustained operations of small and medium enterprises (SMEs). They provide vital financial support to meet short-term obligations, manage inventory, and cover day-to-day expenses critical for business continuity.

These loans have varying tenures, typically ranging from 6 to 48 months, and interest rates are determined through individual assessments. In compliance with Reserve Bank of India (RBI) guidelines, the loan amount often correlates with business turnover.

Additionally, Non-Banking Financial Companies (NBFCs) emerge as one of the prime options for MSMEs seeking working capital or business loans, offering competitive terms and tailored solutions.

Mastercard, Visa Reach $30 Bn Settlement In One of The Largest in US History

Visa and Mastercard have reached a significant settlement with US retailers, agreeing to a deal that will cap credit-card swipe fees. This settlement is estimated to save merchants at least $30 Billion over five years.

The agreement includes a reduction in interchange fees until 2030 and requires the companies to negotiate fees with merchant-buying groups.

This settlement is considered one of the largest antitrust settlements in U.S. history and is expected to resolve claims from litigation that began in 2005.

Under the settlement announced on Tuesday, Visa and Mastercard will reduce interchange rates by four basis points (0.04 percentage points) in the United States for three years, and cap rates for five years.

Retailers had accused Visa and Mastercard of overcharging on interchange fees and imposing anti-steering rules that prevented them from directing customers to less expensive payment methods. The settlement also aims to provide more discretion to merchants to offer discounts or impose surcharges on cards with higher interchange fees.

Interchange fees are transaction fees that the merchant's bank pays to the cardholder's bank to cover handling costs, fraud and bad debt costs, and the risk involved in approving the payment. Essentially, they are part of the overall fee that merchant services providers charge for processing credit and debit card transactions.

Interchange fees are calculated as a percentage of the total transaction amount, plus a fixed fee. These rates are set by credit card networks like Visa, Mastercard, American Express, and Discover, and typically update every April and October.

The collected interchange fees are then passed back to the bank that issued the customer's credit card.

For example, if Visa's interchange rate for a retail sale is 1.5% plus 10 cents, and the merchant services provider adds a service fee of 0.40% plus 8 cents, the total transaction fee would be 1.9% plus 18 cents.

The settlement between Visa and Mastercard and US retailers could have several potential impacts on consumers:

1. Credit Card Rewards: There's a possibility that the rewards and benefits offered by premium credit cards might be reduced. Since the settlement allows merchants to negotiate lower transaction rates, the revenue used to fund these rewards could decrease.

2. Cost of Using Premium Cards: Merchants may pass on the cost of transactions to consumers, especially for premium credit cards that typically have higher swipe fees. This could mean that consumers might have to pay more when using such cards.

3. Surcharging: The settlement gives merchants more freedom to impose surcharges on cards with higher interchange fees. So, consumers might face additional charges for using certain credit cards at some retailers.

4. Price of Goods and Services: If merchants decide to pass on the savings from lower swipe fees to consumers, there could be a reduction in the prices of goods and services. However, it's uncertain if and how much of the savings will be passed on to consumers.

It's important to note that the actual impact will depend on how merchants choose to respond to the changes in swipe fees and whether they decide to pass on the costs or savings to consumers. The effects might not be immediate and could evolve over time as the market adjusts to the new settlement terms.

The Current State of Data Center Biz in India and Its Future

India is witnessing a significant surge in data center projects due to the growing demand for data localisation and cost efficiency. As of the latest available data, India currently has 187 data centers listed across 26 markets. This number reflects the rapid growth of the data center industry in India, catering to the increasing demand for digital services and data localization.

The data center market capacity is projected to surpass ~1,300 MW by the end of 2024. Seeing this growth of Data Center business, the Indian government is actively supporting the growth of the data center industry through various initiatives. The government has proposed regulatory frameworks to create a favorable ecosystem for data centers, which includes setting up Data Centre Economic Zones.

The government's plan is to invest over US$ 1 billion in the next five years as part of a hyper-scale data centre scheme.

The government aims to position India as a global hub for data centers and cloud solutions. To achieve this, the central government has proposed an incentive system has been proposed to stimulate the establishment of data centers.

The finance minister granted infrastructure status to the data center industry in the Budget 2022-23, which is expected to accelerate expansion. Efforts are being made to enable ease of doing data center business, such as tax incentives, subsidies, and streamlined licensing processes.

India is poised for a significant expansion in data center infrastructure, with several noteworthy projects planned for 2024 and beyond. Companies like AdaniConnex, Reliance, Sify, Atlassian, Yotta, and AWS have announced substantial investments in data centers across India.

India's Data Center Market Vs The World

When comparing the data center market size by country, the United States and China are the leading revenue generators globally. In 2024, the revenue in the data center market is projected to reach $340.20 billion worldwide, with the United States expected to generate the most revenue at $99.16 billion. The market is experiencing a compound annual growth rate (CAGR) of 6.56% from 2024 to 2028, indicating steady growth.

India's data center market is also showing significant growth, but it's still developing compared to the US and China. Japan, Germany, and the United Kingdom follow behind the US and China in terms of revenue generation. This reflects the strategic importance of these regions in the global data center market and their respective digital economies.

Tier 2 Expansion: There's an emergence of co-location and edge computing facilities, with edge data centers expanding into Tier 2 cities in 2024.

Cities with Most Number of Data Centers

The concentration of data centers remains prominent in cities like Mumbai-Navi Mumbai, Chennai, Delhi-NCR, Bengaluru, Pune, Hyderabad, and Kolkata.

1. Bangalore: Known as India's tech hub, Bangalore boasts 29 data centers. Its thriving IT ecosystem attracts companies seeking reliable infrastructure.

2. Mumbai: As the country's largest city, Mumbai leads the way with 28 data centers. Its strategic west coast location ensures excellent connectivity via multiple submarine cables to Europe and Southeast Asia.

3. New Delhi: The capital city hosts 18 data centers, serving various industries and services.

4. Chennai: With 17 data centers, Chennai plays a vital role in supporting India's digital infrastructure.

5. Pune: The city has 14 data center facilities with 162,183 sqft and 38 megawatts. The top providers in Pune are Nxtra Data Ltd (3 sites) and AdaniConneX with 1 facility. The most popular facilities are STT Pune 1 and STT Pune 1.

6. Hyderabad: Hosting 12 data centers, Hyderabad plays a crucial role in providing essential services for businesses and organizations.

7. Navi Mumbai : A planned city next to Mumbai currently has 11 data centers. Google is in advanced negotiations to purchase a 22.5-acre land parcel in Navi Mumbai, for its first captive data center in India.

8. Noida: Located near Delhi, Noida houses 9 data centers, contributing significantly to India's data center landscape.

9. Kolkata : Kolkata, a key digital hub in the eastern India, has 8 data centers facilities.

10. Ahmedabad : The city in Gujarat has 7 data centers.

Other cities like Gurgaon (3), Coimbatore (3), Madurai (1) and Ludhiana / Panchkula also have data centers, albeit in smaller numbers.

Kochi, with 6 data centers, is situated along the southern coast, is connected to multiple submarine cables, making it an attractive location for co-location data centers.

Upcoming Projects

AWS: Amazon Web Services (AWS) has announced a massive investment plan of $12.7 billion to expand its data centers in India. AWS has plans to create four smaller data centers across India over the next two years, located in Bangalore, Chennai, Delhi, and Kolkata.

Adani Group: Adani Enterprises Limited (AEL) is investing over Rs 5,000 crore in Telangana for a 100 MW data centre, over the coming 5-7 years. Adani portfolio of companies also signed an MoU for investment of over ₹42,700 crore for various projects in the state of Tamil Nadu

AdaniConnex: A joint venture between Adani Group and EdgeConneX, AdaniConnex is aiming to develop a network of hyperscale data centers across India, focusing on markets like Chennai, Navi Mumbai, Noida, Vizag, and Hyderabad. The JV plans to build 1 GW of data center capacity over the next decade, with a commitment to powering these facilities with 100% renewable energy. 

Yotta: Backed by the Hiranandani Group, Yotta Data Services is expanding its operations in Greater Noida and Guwahati, with plans to complete new facilities by the end of 2024.

Google: Google is also among the big players investing in the data center market in India. The search giant is planning 8-storey data center in Navi Mumbai, by 2025. Additionally, Google, for it first captive data center, is in advanced negotiations to acquire a 22.5-acre land parcel in Juinagar, Navi Mumbai.

NTT : The company plans to invest RS 2,000 crore ($241.5m) over the next few years in the Kolkata data campus of NTT Global Data Centers (NTT GDC) at the Bengal Silicon Valley Tech Hub. The NTT GDC campus will be home to 3 data centers, the 1st of which will spread over 100,000 sq ft and have a capacity of 9MW facility load and 6MW IT load. The facility should be up and running in the next 12 to 15 months.

Kotak Alternate Assets: Kotak's Data Center Fund by Kotak Alternate Assets, which is managed by Kotak Investment Advisors, is set to invest a whopping $800 million in the development of 5-7 large data center assets across key property markets in India. This ambitious initiative reflects their commitment to enhancing data infrastructure in the country.

CtrlS Datacenters: Aiming to increase their number of data centers significantly by 2024–25.

Digital Connexion, STT GDC India, CapitaLand India, Equinix: These companies are also among those with major data center projects planned in India.

The above mentioned projects reflect India's growing importance as a data center hub, driven by the demand for data localization and the digital transformation of businesses.

These investments also signify the strategic importance of India in the global data center market and the country's growing digital economy.

The Future

India's vast landmass, skilled IT workforce, and growing demand for digital services position it as a key player in the global data center market. As the country continues to expand its digital footprint, more data centers are likely to emerge, supporting businesses, cloud services, and connectivity needs.

The future of data centers in India looks very promising. With the country accounting for a significant portion of global internet users, there's a substantial growth potential for data center capacity. The industry is expected to grow at a compound annual growth rate (CAGR) of between 10-25% over the next five years. This growth is driven by the digital transformation of India, the increasing demand for cloud services, and the need for secure and scalable data storage solutions.

India's unique digital infrastructures like CoWIN, ONDC, Aadhaar, and UPI are creating a need for robust data centers. The government's Digital India campaign and initiatives like BharatNet are further accelerating this need by increasing internet access and generating massive amounts of data. With both global and domestic companies investing in the sector, India is fast emerging as a data center hub.

The data center industry's expansion is also fueled by the digitization of enterprises, the development of smart factories, and the growing consumption of digital services by the young population. As such, the data center market in India is not only expanding rapidly but also becoming an attractive investment opportunity for industry leaders.

Accenture Invests in Humanoid General-purpose Robots Developer Sanctuary AI

Accenture has made a strategic investment through Accenture Ventures in Sanctuary AI, a company specializing in the development of AI-powered humanoid robots. These robots, like the PhoenixTM model, are designed to perform a wide variety of tasks quickly, safely, and effectively, and are intended to work alongside humans in various industries, including post and parcel, manufacturing, retail, and logistics warehousing operations.

Sanctuary AI's robots are notable for their human-like dexterity and ability to perform complex tasks with precision. The AI control system, CarbonTM, which powers these robots, is designed to mimic human brain subsystems, enabling the robots to react to their environment and perform new tasks efficiently.

This investment aligns with Accenture's broader strategy to innovate and provide solutions that integrate advanced technology with human creativity, ensuring a balanced and responsible approach to technology deployment. Sanctuary AI's inclusion in Accenture Ventures’ Project Spotlight is expected to connect emerging technology startups with Accenture’s global client base, fostering innovation and addressing strategic gaps.

"AI-powered humanoid robots are essential to reinventing work and supporting human workers as labor shortage is becoming an issue in many countries and industries,” said Joe Lui, Accenture’s global advanced automation and robotics lead. “Sanctuary AI’s advanced AI platform trains robots to react to their environment and perform new tasks with precision in a very short time. We see huge potential for their robots in post and parcel, manufacturing, retail and logistics warehousing operations, where they could complement and collaborate with human workers and automate tasks that traditional robotics can’t.”

Sanctuary AI’s general-purpose robot PhoenixTM, recently recognized as one of TIME magazine’s “Best Inventions of 2023,” can perform a multitude of work tasks. For instance, at a Mark’s retail store in Langley, BC, Canada, Phoenix has performed more than 100 tasks, including choosing and packing merchandise, and correctly cleaning, tagging, labeling and folding items, with robotic hands that rival human hand dexterity and fine manipulation. Phoenix is powered by the company’s AI control system, CarbonTM, which mimics subsystems found in the human brain, such as memory, sight, sound and touch, and translates natural language into action in the real world.

Accenture has previously invested in other robotics areas, for example, through Accenture Alpha Automation, a recently formed joint venture with Japanese robotics leader Mujin, and acquisitions of Eclipse Automation in Canada and Pollux in Brazil. Sanctuary AI is the latest company to join Accenture Ventures’ Project Spotlight, an engagement and investment program that connects emerging technology startups with Accenture’s Global 2000 client base in order to fill strategic innovation gaps.

Geordie Rose, chief executive officer and co-founder of Sanctuary AI, said, “Robots with human-like intelligence will completely transform the workforce of the future. By combining Accenture’s expertise in disruptive technology with Sanctuary AI’s industry-leading robotics, we can help some of the biggest companies in the world manage this change and provide the best solutions for its clients.”

Founded in 2018, Sanctuary AI is based in Vancouver, Canada and is on a mission to create the world's first human-like intelligence in general purpose robots that will help us work more safely, efficiently, and sustainably, helping to address the labor challenges facing many organizations today. Sanctuary AI's growing list of customers and investors represents a wide variety of industries across Canada, the US, and other countries around the world.

Members of the Sanctuary team have earlier founded other notable technology ventures, such as D-Wave (a pioneer in the quantum computing industry), Kindred (first use of reinforcement learning in a production robot), and the Creative Destruction Lab (pioneered a revolutionary method for the commercialization of science for the betterment of humankind). With experience at startups and technology leaders such as Amazon, Microsoft, and Softbank Robotics, the team has experience launching market-defining innovations rooted in previously unsolved and deep scientific problems.

Besides Accenture, significant investments have been made by tech giants and venture capital firms in humanoid robotics. Jeff Bezos, Nvidia, and OpenAl have invested in a humanoid robot startup, Figure AI, which has drawn a $675 million investment, to date.

Microsoft, Intel, and LG Innotek are also among the investors in various humanoid robotics ventures, recognizing the potential of these technologies in various industries.

India Plans To Geotag Telecom Towers and Optical Fiber Cables

The Indian government has announced plans to geotag the country's telecommunication infrastructure, including telecom towers and optical fibre cables, reported Economic Times. This initiative, set to be completed by 2027, aims to improve coordination during emergencies, disaster situations and support the development of other projects that rely on telecom infrastructure.

The Department of Telecommunications (DoT) will work closely with other ministries and state governments to share data and facilitate this process. This move is part of India's broader vision to become a developed nation by 2047.

Geotagging will help identify the precise locations of telecom towers and optical fiber cables. The goal is to create a comprehensive digital map of telecom infrastructure locations, enhancing preparedness and response capabilities.

State-run firms like BSNL will likely be the starting point, followed by private operators.

Among the benefits of geotagging of Telecom infrastructure, during emergencies, the government can quickly assess network outages and direct assistance. Geotagging also enables efficient utilization of telecom infrastructure for various projects.

Geotagging of telecommunications infrastructure is a relatively new initiative. India is one of the countries that has announced plans to geotag its telecom infrastructure. Mexico has adopted advanced geotagging techniques in collaboration with the United States, which has led to several high-profile successes. For example, the technology was pivotal in dismantling a notorious kidnapping ring in Mexico City.

For a common man to understand what geotagging of Telecom towers would bring, lets assume an instance of kidnappers, extortionists or any mischiever who uses a phone to communicate, the device connects to nearby cell towers, which leaves a digital footprint. Modern smartphones have built-in GPS capabilities, which further enhances the accuracy of location tracking. Geotagging utilizes this data to pinpoint the location of the phone.

Germany's Handelsblatt Media Group Ties-Up with Infosys To Enhance Its Digital Storytelling Using AI Technologies

Infosys and German media company Handelsblatt Media Group have announced a strategic collaboration to make complex reports on global economic and finance issues more accessible and easily consumable for the public.

As part of this partnership, Infosys will work with the Handelsblatt Research Institute (HRI), an independent economic research institute under the umbrella of the Handelsblatt Media Group.

As part of their collaboration, In the first year of this partnership, Infosys will work with Handelsblatt Research Institute (HRI), an independent economic research institute under the umbrella of the Handelsblatt Media Group.

Infosys will leverage Infosys Topaz, an AI-first platform, to make complex reports more accessible and consumable for the public. This partnership aims to redefine the storytelling experience for economic and financial reports, making them smarter and more reliable

This collaboration will enable new-age customizations such as chat functionality, text translation, text-to-speech, and automatic data updates, making the reports smart, reliable, and widely accessible.

Soon after the announcement of this collaboration shares of Infosys Ltd gained as much as 1.7%.

Handelsblatt Media Group is a German media company specializing in business and financial journalism. Founded in 1946 and Handelsblatt group started with the publication of the newspaper Handelsblatt which evolved from a thrice-weekly to a daily publication focused on economic and financial news. Over the years, the group expanded to include other specialized magazines and digital platforms.

The Handelsblatt Media Group publishes two prominent titles — Handelsblatt, a leading German newspaper covering business, finance, and economic topics, and — Wirtschaftswoche, a weekly magazine that provides in-depth analysis and insights into the business world.

The group has actively embraced digital media. Their digital activities include websites, apps, and other online platforms.

HCLTech Partners NetApp To Launch Electronic Design Automation (EDA) Solution

HCLTech, a leading global technology company, has announced the launch of an Electronic Design Automation (EDA) solution in partnership with NetApp.
This collaboration aims to enable enterprises in the semiconductor industry to accelerate large EDA implementations in the hybrid cloud. The solution is designed to significantly reduce time-to-market, enhance overall quality, and improve the reliability of their products.

With this joint offering, clients can leverage NetApp's Design Anywhere solution to streamline the entire semiconductor design process, from concept to manufacturing, with improved scalability and flexibility. Enterprises can harness the power of the hybrid cloud to efficiently manage growing data volume and workflow complexities.

HCLTech will support clients running large EDA projects by optimizing their IT environments, managing infrastructure orchestration, and scheduling for EDA workloads along with associated services. The EDA solution will be delivered in various consumption models as per client requirements in partnership with NetApp.

This collaboration represents a significant step forward in unlocking the potential of hybrid and multi-cloud environments for enterprises, allowing them to transform operations and build resilience across their digital businesses. By leveraging the cloud, organizations can run EDA workloads without the risks of overprovisioning or capacity shortfalls, making their product development process more flexible and efficient.

Electronic Design Automation (EDA), also referred to as electronic computer-aided design (ECAD), is a category of software tools for designing electronic systems such as integrated circuits and printed circuit boards. These tools work together in a design flow that chip designers use to design and analyze entire semiconductor chips. Since modern semiconductor chips can have billions of components, EDA tools are essential for their design. Specifically, EDA focuses on integrated circuits (ICs) and plays a crucial role in streamlining the design process, improving efficiency, and ensuring the functionality and reliability of electronic systems.

Tata Passenger Electric Mobility and Hindustan Petroleum Partner To Introduce RFID Payment Sustem and Setup 5000 EV Charging Stations

Tata Passenger Electric Mobility Ltd. has collaborated with Hindustan Petroleum Corporation Limited to setup 5,000 electric vehicle charging stations in India by December 2024.

The MoU was signed today, by (L – R) Mr. Balaje Rajan, Chief Strategy Officer, Tata Motors Passenger Vehicles Ltd., and Tata Passenger Electric Mobility Ltd., and Mr. Debashis Chakraverty, Chief General Manager- Retail Strategy and Business Development, Hindustan Petroleum Corporation Ltd.

Tata Passenger Electric Mobility Ltd. (TPEM), known for pioneering India’s electric vehicle revolution, has signed an MOU with Hindustan Petroleum Corporation Ltd. (HPCL) to collaborate in establishing 5,000 electric vehicle charging stations in India by December 2024.

This strategic partnership aims to improve the experience of EV owners across India by setting up chargers at locations frequently visited by Tata EV owners. HPCL, with its nationwide network of over 21,500 fuel stations, is committed to a sustainable future and aims to install 5,000 electric vehicle charging stations by the specified deadline.

Additionally, the two companies are exploring the introduction of a convenient payment system through a co-branded RFID card, which will make the charging experience hassle-free. Leveraging TPEM’s extensive insights into EV usage and HPCL’s extensive nationwide network, this partnership has the potential to transform the charging infrastructure landscape in the country.

Commenting on this partnership, Balaje Rajan, Chief Strategy Officer, Tata Passenger Electric Mobility Ltd. and Tata Motors Passenger Vehicles Ltd. said, “As the adoption of EVs increases, the availability of widespread and dependable charging infrastructure will play a crucial role in making EVs mainstream in India. This strategic partnership with HPCL emphasizes our dedication to advancing India’s EV ecosystem in which the growth of charging infrastructure plays a pivotal role. This collaboration is essential for facilitating infrastructure development to support the expanding EV customer base. Leveraging TPEM’s extensive insights into EV usage and HPCL’s extensive nationwide network, this partnership has the potential to transform the charging infrastructure landscape in the country.”

According to Debashis Chakraverty, Chief General Manager, Retail Strategy & BD, HPCL, “HPCL with its 21000+ fuel stations has entered into an alliance with Tata Motors that commands 68% market share in Indian EV market. Through this alliance, HPCL shall leverage Tata Motors’ vehicle base to enable our strategic expansion in EV Charging infrastructure at places with higher charging demand and will help in reducing range anxiety of EV customers”

Case studies from across the world show that ubiquitous and convenient charging infrastructure is a prerequisite for driving EV adoption, and that growth in charging infrastructure results in exponential growth in EV adoption as well. To that effect, the collaboration between two leading companies in this space is sure to help catapult India’s EV growth to its next phase.

IIT Madras Alumnus Pavan Davuluri Is New Head of Microsoft Windows and Surface

Pavan Davuluri, an alumnus of IIT Madras, has been appointed as the new head of Microsoft Windows. Pavan Davuluri will lead the combined Windows and Surface teams at Microsoft.

Davuluri has a history of overseeing Microsoft's hardware endeavors and will now be in charge of Windows engineering as well. This strategic move follows the internal merging of the Windows and Surface teams, marking a significant leadership reshuffle within Microsoft. Davuluri's experience and expertise are expected to play a key role in the development of both Windows and Surface products moving forward.

This follows the departure of Panos Panay and represents a significant leadership change within the company. Davuluri has been with Microsoft for over two decades and has previously overseen the company's hardware endeavors, including efforts to optimize Windows for Arm-based devices. His new role involves spearheading development on both Windows and Surface, marking a return to the earlier structure within Microsoft's Engineering and Devices organization.

Pavan Davuluri has been involved in several significant projects at Microsoft including the ones below –

Optimization of Windows for Arm-based devices: Davuluri played a key role in adapting Windows to run efficiently on Arm-based processors, which are known for their power efficiency.

Development of Surface processors: He oversaw the development of processors for the Surface line of devices in collaboration with companies like Qualcomm and AMD¹.

Contributions to Bing, Edge, and Copilot: His work also extended to Microsoft's search engine Bing, the Edge browser, and the AI-based tool Copilot.

These projects reflect his broad experience and expertise in both hardware and software, as well as his ability to lead teams in developing integrated solutions for Microsoft's products.

Google in Advanced Talks to Acquire 22.5-acre Land in Navi Mumbai for Its 1st India Captive Data Centre

Google is in advanced negotiations to acquire a 22.5-acre land parcel in Juinagar, Navi Mumbai, for its first captive data center in India, reported Economic Times.

The land, owned by the Maharashtra Industrial Development Corporation (MIDC) and currently leased to Gramercy Trade Industries, is valued at approximately Rs 850 crore. This move is part of a broader trend where tech giants are establishing hyperscale data centers in India, driven by the post-pandemic digital boom and the country's strategic location.

 

These colorful pipes are responsible for carrying water in and out of our The Dalles, Oregon data center. The blue pipes supply cold water and the red pipes return the warm water back to be cooled.

Early this year, Adani Enterprises Limited, the flagship company of the Adani Group, and the Government of Maharashtra had signed an MoU to set up 1 GW hyperscale data infrastructure in the state at an investment of ₹ 50,000 crore, over the next 10 years.

The establishment of a Google data center in India is expected to have several positive impacts on services for Indian users:

Improved Performance: Local data centers can reduce latency, leading to faster access to Google's services.

Data Localization: With data stored locally, users may experience improved privacy and data protection, aligning with India's data laws.

Enhanced Reliability: A local data center can offer better reliability and uptime for Google's services.

Support for Digital India: It aligns with the government's push for digital services and can enhance the overall digital infrastructure.

Economic Growth: It may contribute to local economic growth through job creation and infrastructure development.

Overall, this move is likely to enhance the user experience and support the growing demand for Google's services in India.

Intel Creates Two New AI Initiatives for AI PC Software Developers and Hardware Vendors

Intel has recently launched two new initiatives as part of their AI PC Acceleration Program: the AI PC Developer Program and the inclusion of independent hardware vendors (IHVs) in the program. These initiatives aim to optimize and maximize AI on Intel-based AI PCs, targeting over 100 million devices by 2025.

The AI PC Developer Program is tailored for software developers and ISVs to simplify the adoption of AI technologies. It offers access to tools, workflows, AI-deployment frameworks, and developer kits featuring the latest Intel hardware, including the Intel® Core™ Ultra processor.

For IHVs, the program provides opportunities to prepare and optimize their hardware for Intel AI PCs. They gain access to Intel's Open Labs for technical support and co-engineering during the development phase, ensuring their technology is efficient at launch.

This expansion signifies Intel's commitment to fostering a broad ecosystem for AI development and performance enhancement on PCs.

Developers can join Intel’s AI PC Acceleration Program and learn more about Intel’s global partner network that is working to maximize AI performance in the PC industry.

IHV and developers can register to join the AI Acceleration Program for IHVs. Intel is working with its hardware partners to innovate and lift the AI PC experience to new heights. Join Intel on the journey to accelerate the innovation.

Intel offers a wide variety of toolkits for AI developers to leverage and is bringing over 300 AI-accelerated features to market through 2024 with Intel Core Ultra processors across 230 designs from 12 global original equipment manufacturers.

The AI PC Acceleration Program, announced in October 2023, aims to connect independent hardware vendors and independent software vendors with Intel resources including artificial intelligence toolchains, training, co-engineering, software optimization, hardware, design resources, technical expertise, co-marketing and sales opportunities.

For additional information on Intel’s AI PC, go to Intel's AI PC page.

Accenture and Adobe to Co-Develop Industry-Specific Generative AI Solutions

Accenture and Adobe have announced collaboration to co-develop industry-specific generative AI solutions aimed at accelerating marketing transformation. This strategic expansion of their over 20-year relationship will leverage Adobe Firefly, Adobe’s family of creative generative AI models, to help organizations create personalized content at scale.

The partnership will focus on integrating Adobe Firefly Custom Models into Accenture Song's marketing services, providing clients with the necessary insights to train bespoke models on their proprietary data and brand guidelines. The solutions will initially target the retail and consumer goods, automotive, financial services, and health industries, aiming to streamline the content creation process and reduce manual adjustments.

David Droga, CEO of Accenture Song, highlighted the increasing demand for scalable generative AI solutions and the potential for these technologies to democratize creative asset development and accelerate content supply chain transformation.

 

With an initial focus on the retail and consumer goods, automotive, financial services and health industries, the new solutions will leverage Accenture’s extensive data and AI engineering capabilities and systematic approach to responsible AI, coupled with its approach to driving unified brand experiences. By integrating the solutions with Adobe’s broader suite of generative AI-powered solutions and client systems, organizations can realize value faster with content that is globally consistent, locally relevant and industry specific. Additionally, Accenture engineers will be trained to be specialists in Adobe Firefly, allowing them to provide support for clients deploying generative AI campaigns.

"Brands today are looking for ways to go beyond experimenting with generative AI to achieve real impact,” said David Droga, chief executive officer, Accenture Song. “Whether it’s consumer goods companies scaling their product data and images in e-marketplaces worldwide, or healthcare providers ensuring brand standards for patient safety, the demand for scalable generative AI solutions is increasing. By bringing together Adobe technology with Accenture Song’s tech-powered creativity, we can help democratize the ability for teams to develop creative assets and accelerate content supply chain transformation.”

According to Accenture research, business leaders are positive about the potential of generative AI—97% expect generative AI to be transformative for their company and their industry, yet only 31% of organizations say they have started investing “significantly” in generative AI initiatives. Accenture is committed to providing solutions for clients that help them navigate the reinvention of work, transformation of their organization and responsible adoption of AI.

"Businesses have an unprecedented opportunity to leverage generative AI to deliver truly personalized experiences that connect with their customers,” said David Wadhwani, president, Digital Media Business, Adobe. "Firefly is an enterprise grade solution that powers a full suite of generative capabilities - from content generation to editing to assembly - through our industry-leading applications and enterprise automation APIs. We are excited to partner with Accenture to define and implement solutions that empower organizations around the world to harness the power of AI."

By generating content that aligns with brand style and design language, marketers can build templatized campaigns that can be refined based on performance data, streamlining the content creation process and reducing manual adjustments. Accenture engineers will also be trained as specialists in Adobe Firefly to support clients deploying generative AI campaigns.