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    Vultr eyes 1 GW India capacity by 2029

    Further, the company said it has hired more than 100 people in India over the past three months and plans thousands of additional hires in network engineering and operations by March. It also added that the Chennai workforce could eventually reach 5,000 as the facility becomes operational and services expand.

    French supercomputer maker Bull doubles output to boost Europe's AI ambitions

    Bull, the French supercomputer manufacturer, has expanded its factory to double production capacity to meet growing orders. The European Union is investing heavily in supercomputing, committing €7 billion to improve capabilities. France's order for a supercomputer is significant, as Bull aims to deliver systems more efficiently.

    European chip startup Axelera wins AI factory supply deals and launches second chip

    CEO Fabrizio Del Maffeo in a phone call with Reuters declined to give precise details, but said the company now has more than 600 customers using Axelera's chips for applications in security, defence, in AI factories and in enterprise settings.

    AI hardware finds new ground in Kochi through SFO Technologies and Smart IOPs

    In a groundbreaking partnership, SFO Technologies and Smart IOPS are set to revolutionize AI data storage solutions through specialized hardware manufacturing. By embedding state-of-the-art controller technology into high-performance SSDs, this collaboration exemplifies India's growing tech prowess. The initiative not only enhances the semiconductor industry domestically but also fortifies India's role in the international AI infrastructure landscape.

    AI won't diminish IT services, will instead make it more vital: Anand Mahindra at Tech Mahindra AGM

    Tech Mahindra Chairman Anand Mahindra said AI will not replace India's IT services industry but make it more important by driving enterprise AI adoption. He urged India to build sovereign AI capabilities, said trusted AI deployment will be a key opportunity for IT firms, and highlighted Tech Mahindra's AI initiatives and strong business momentum.

    In a market starved of AI bets, how one stock tied to India's AI mission tripled investor wealth

    Netweb Technologies, a hardware firm, has seen its market value surge over 600% by becoming a proxy for India's AI ambitions. Strong earnings, rising AI revenues, and a robust order book, including a significant national order, have fueled this growth. The company's indigenous high-performance computing solutions position it well for the IndiaAI Mission.

    The Economic Times
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