Category AI

Abu Dhabi targets $100 billion AUM for AI investment firm

Abu Dhabi is setting up a technology investment firm targeting deals in artificial intelligence and semiconductors that could surpass $100 billion in assets under management in a few years, according to people familiar with the matter. The emirate on Monday…

STPI lauds Rs 10,000-crore allocation for AI mission

The allocation of Rs 10,000 crore for artificial intelligence (AI) is crucial for startups across all sectors, regardless of their industry focus, Arvind Kumar, director general of Software Technology Parks of India (STPI), said on Friday.STPI is an organisation under…

Goldman Sachs India to train over 1,000 non-engineers in AI

American investment bank Goldman Sachs has set up a facility in India to train both engineers and non-engineers in generative artificial intelligence (GenAI) to explore the usage of the technology in its businesses.Since 2006, Goldman Sachs has invested more than…

Union Cabinet approves Rs 10,372-crore India AI mission

The Union Cabinet on Thursday approved a Rs 10,371.92 crore India Artificial Intelligence Mission for the next five years, aimed at creating computing infrastructure in public-private partnerships.As many as 10,000 graphics processing units (GPUs) will be made available to startups…

Locus Robotics’ success is a tale of focusing on what works

“We’re fundamentally a software company,” Locus CEO Rick Faulk says with a laugh. We look like a robot company, but we’re actually a software company.” It’s a familiar refrain from companies whose most public-facing products are hardware. That’s certainly the…

Humanoid robots face continued skepticism at Modex

If your robotics startup is looking to raise, there’s close to a 100% chance you’re going to get two questions from potential investors: 1) How are you incorporating generative AI? and 2) Have you consider building a humanoid? The first…