An estimated 2.2 per cent of the Indian population lives with disabilities. Traditional infrastructure and services in the country often fail to account for the diverse needs of this segment of our population. This can create barriers in communication, education and access. Artificial Intelligence (AI), particularly in the fields of language processing and visual recognition,…
Formal financial inclusion remains to be one of the significant challenges for India’s economy, with millions of individuals still excluded from credit and insurance access. As of March 2024, the country’s Financial Inclusion Index (FI-Index) surged to 64.2, up from 60.1 in the previous year, reflecting progress in extending banking services across the nation, according…
India has set an ambitious target to become a $5 trillion economy. This sustained economic growth hinges on a foundation of rapid industrial expansion and widespread urbanization. However, this pace of development can create an intense demand on resources, escalating waste generation and increasing carbon emissions. The challenge for policymakers and industry is no longer…
India is crafting a policy outline on how architects of artificial intelligence (AI) can use copyrighted material, a development that promises to impact AI giants and startups digesting vast amounts of data to spit out everything from quirky images to medical analyses. Companies building commercial AI models must pay a fee to the source of…
The notification aligns India’s technical norms with the latest global International Standards Organization (ISO) and International Electrotechnical Commission (IEC) frameworks as regulatory agencies step up efforts to modernize digital and industrial infrastructure. mint reported on 28 August 2024 that the BIS was preparing a comprehensive set of standards for AI-related applications in India. The new…
Legal tech AI firm Legora has raised $150 million in a Series C led by Bessemer Venture Partners, valuing the Stockholm-based company at $1.8 billion. The fundraise comes amid sharp demand: Legora’s customer base has risen from 350 to over 550 in six months, with operations now spanning more than 50 countries. Clients include Linklaters,…
India’s healthcare challenge is not a problem of capacity. It is one of access and distribution. Even as our national average doctor-to-population ratio appears to be ‘adequate’, there is a severe urban-rural divide when it comes to access to quality. healthcare. According to a Rural Health Statistics report, there is an 80 per cent shortfall…
Microsoft chairman and chief executive officer (CEO) Satya Nadella is in India, promoting the company’s artificial intelligence (AI) tools – Copilot, agentic AI, and datasets – and urging the government and domestic businesses to adopt them. Microsoft’s big push follows rival Google’s recent $15-billion investment to set up a one-gigawatt (GW) data center in India,…
By 2030, agriculture could contribute around $600 billion to India’s Gross Domestic (GDP), an increase of about 50 per cent over the contribution recorded in 2020. But to get there, we must unlock growth and productivity for the sector. There are several challenges that limit the potential of smallholder farmers. These range from post-harvest losses…
SoftBank did go slow on investing in India for a while, conceded Sumer Juneja, managing partner and head of EMEA and India at SoftBank Investment Advisors, attributing it to the cyclical nature of investing. “There will be times when we deploy a lot; there will be times when we get the liquidity outcome,” Juneja said…
