Singapore-based fintech startup Xalts has announced the acquisition of Contour Network, a digital trading platform established by eight major banks, including HSBC, Standard Chartered and BNP Paribas. Terms of the deal have not been disclosed, but the purchase price is in the millions of dollars and consists of cash and stock. Powered by Accel and Citi Ventures, Xalts enables financial institutions to build and manage Blockchain-based applications. Launched in 2017 by a consortium of eight banks to digitise trade, Contour is now used by 22 banks and Long 100 global businesses, including Tata Group and Rio Tinto Group. （TechCrunch）

Fintech startup FinAGG Technologies announced the closing of a $1.1 million Series A funding round co-led by BlueOrchard and Tata Capital Limited, with participation from SIDBI and existing investor Prime Venture Partners, in addition to FinAGG receiving funding from Gray Matter Capital through non-convertible bonds (NCDs). Nipun Kohli, co-founder of FinAGG, said that the company is introducing Blockchain to the traditional underwriting industry, aiming to provide closed-loop credit solutions for distributors, retailers and MSMEs, and its current partners include Marico, PepsiCo, UGro, BluStar and others.

Indian data center operator Yotta plans to purchase an additional $500 million worth of AI chips from partner Nvidia, bringing the total order to $1 billion, as reported by IT Home on January 15, helping Yotta further strengthen its AI cloud service capabilities. Yotta announced last year that it would order about 16,000 Nvidia H100 chips, with deliveries expected in July this year. Gupta said the additional order will be completed by March 2025 and will include nearly 16,000 H100 and GH200 series AI chips. For NVIDIA, the Indian market is crucial. Last September, Nvidia partnered with Indian giants Reliance Industries and Tata Group to develop cloud infrastructure, language models, and generative AI applications. It is reported that Yotta is a company under the real estate group owned by Indian billionaire Nilanjan Sheranandani, and is also a partner of Nvidia in India, operating three data center campuses located near Mumbai, Gujarat and New Delhi. Nvidia has a near-monopoly in the global field of AI computing systems, and its products are widely used to power generative AI applications such as ChatGPT. Yotta expects the Indian AI market to reach $14 billion by 2030.

According to Auto Headlines, the Institution of Engineering and Technology (IET) recently announced that Dr. Gopi Katragadada, a prominent figure in the field of AI technology, has officially become the chairman of IET. This appointment marks a greater focus on the synergy between engineering and artificial intelligence to drive innovation in areas such as healthcare, traffic safety, and product and service customization. Dr. Gopi Katragadda is the founder and CEO of Myelin Foundry, an artificial intelligence company with a vision to transform human experience and industry outcomes. He also serves as an independent director of Bosch India Limited and ICICI Securities, and is a member of the governance committee of NASSCOM's Center of Excellence for Data Science and Artificial Intelligence. Gopi previously served as CTO and Head of Innovation at Tata Sons, where he drove Tata's product and service innovation globally. Prior to that, he served as Chairman and General Manager of GE's India Technology Center, where he was involved in the development of GE's largest R&D center, the John F. Welch Technology Center, making it one of the world's leading IP generation organizations. He has published more than 30 journal papers, holds five patents, has been cited numerous times, and has been invited to speak on several occasions. Gopi holds a bachelor's degree in electrical engineering from Bangalore University and an master's and doctorate in electrical engineering from Iowa State University.

1. Dell releases generative AI tools to provide pre-trained models 2. SenseTime upgrades and releases the medical and health big model "Big Doctor" to support high-quality training and low-threshold deployment 3. UC Berkeley launches MemGPT to solve large model input limitations 4. Researchers: Fine-tuning large language models weakens "security" and is vulnerable to backdoor attacks by hackers 5. OpenAI modifies core values and will make every effort to build general artificial intelligence 6. Tata Consulting India cooperates with Microsoft to deepen AI Cooperation to improve profit margins 7. Beijing Releases Implementation Plan for Artificial Intelligence Computing Power Coupons to Effectively Reduce the Cost of Using Computing Power for Enterprises 8. U.S. officials: The U.S. will "fill loopholes" to prevent U.S. companies from bypassing restrictions on exporting AI chips to China 9. Huawei applied for the Kunling eKitChat trademark, or will launch a new AI chat assistant

India's Tata Consultancy Services Ltd is betting on partnering with U.S. tech giant Microsoft to develop AI-based software services that will drive the company's growth, as reported by Webmaster House on October 16. This partnership is expected to provide customers with smarter solutions while providing Tata Consultancy Services with a competitive advantage. The company deepened its partnership with Azure OpenAI to provide solutions such as fraud detection to financial services customers or personalized customer service to retailers by using GitHub Copilot, a cloud-based AI tool.

According to Wall Street News, NVIDIA has reached cooperation with Reliance Industries, India's largest private enterprise, and Tata, India's largest conglomerate respectively. It has developed a basic large language model for Indian languages with Reliance, and developed AI cloud and AI supercomputer with Tata. Both companies have AI computing infrastructure and generative AI applications will be built.

Infosys, India's second largest software services exporter, said on Monday that it has signed an agreement with existing customers to provide artificial intelligence (AI) and automation services for a period of five years, IT House reported on July 18. In 2009, target expenditures were estimated at US$ 2 billion. The agreement includes development, modernization and maintenance services related to artificial intelligence and automation, the company said in an exchange filing. However, the company did not disclose the name of the customer. The move by Infosys comes after rival Tata Consultancy Services said it planned to train 25,000 engineers to become certified in Microsoft Azure Open AI. Other rivals such as Wipro plan to invest $1 billion in AI over the next three years.

According to news from Jinshi on July 21, the CEO of Tata Consulting Services said that it plans to train 100,000 well-trained generative artificial intelligence assistants.

India's Tata Consultancy Services (TCS) said on Monday it has expanded its partnership with Google Cloud on generative artificial intelligence solutions and plans to make more than 40,000 of these solutions available to employees within a year, the Economic Times reported. skill badge. The company launched a new generative AI product that leverages Google Cloud's generative AI service to design and deploy custom business solutions. This new offering is powered by Google Cloud's generative AI tools -- Vertex AI, Application Builder, and Model Garden -- as well as TCS' own solutions.