India

98e03567
AI

India’s Bold AI Push: A step towards digital sovereignty and global leadership

At the heart of this effort is the India AI Compute Facility, a state-of-the-art infrastructure that has surpassed initial expectations, securing nearly 19,000 GPUs. This massive computational resource, including some of the most advanced AI chips like Nvidia H100 and H200 GPUs, will play a crucial role in developing a Large Language Model (LLM) tailored to India’s unique needs. This approach ensures that India isn’t merely playing catch-up with the global AI race but is actively shaping the future of generative AI with solutions that are culturally and linguistically diverse.

close up of cash
Banking, Economy

India’s forex reserves jump $12.588 billion to hit record high of $704.885 billion

India’s forex reserves jumped by $12.588 billion to a new all-time high of $704.885 billion for the week ended September 27, the Reserve Bank said on oCtober 4.

The overall kitty had swelled by $2.838 billion to $692.296 billion in the previous reporting week.

The $12.588-billion surge would be one of the highest weekly rises ever, and this is the first time the reserves have crossed the $700-billion mark.

Scroll to Top