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Prime Minister Narendra Modi announced plans for India to establish a national large language model (LLM) to enhance AI research, backed by a budget of INR 500 Cr. This initiative is part of the broader IndiaAI mission, which aims to develop foundational AI models using Indian datasets and encourages collaboration among startups and researchers.During a recent AI Action Summit, Modi highlighted the biases in existing AI models and called for equitable resource distribution to foster global AI innovation, particularly in the Global South. Tata Sons' chairman N Chandrasekaran emphasized the need for India to develop sovereign AI capabilities to avoid "digital colonization" and ensure that local languages and cultures are accurately represented in AI systems.
N Chandrasekaran, chairman of Tata Sons, emphasized the necessity for India to develop sovereign AI capabilities to avoid digital colonization and ensure that AI understands the country's diverse languages and cultures. Speaking at Mumbai Tech Week, he highlighted the importance of independent infrastructure and research to safeguard data, advocating for India to be a creator of AI rather than a consumer. The Centre's IndiaAI mission, with a budget of INR 10,037 Cr, aims to build domestic large language models to support this initiative.
Tata Sons chairman N Chandrasekaran has urged group CEOs to "pursue growth aggressively" amid increasing market challenges. He emphasized the importance of bold ambitions, stating that while margins can be adjusted over time, seizing growth opportunities is crucial. Tata Motors reported a slight increase in sales, with November figures showing 74,753 units sold compared to 74,172 units a year earlier.
The merger of Air India and Vistara marks a significant step in transforming Air India into a world-class airline, according to Tata Sons Chairman N Chandrasekaran. He expressed optimism about the airline's future, acknowledging the high expectations and commitment to delivering excellence. The introduction of the new Airbus A350, now operating on routes to London and New York, symbolizes the ambitious plans for Air India's fleet modernization.
Ratan Tata's will, following his passing on October 9, ensures lifelong care for his German Shepherd, Tito, and allocates his estate, valued at approximately Rs 10,000 crore, to family, staff, and his foundation. Key beneficiaries include his brother Jimmy and half-sisters Shireen and Deanna Jejeebhoy. Additionally, Tata's 0.83% stake in Tata Sons will be directed to the Ratan Tata Endowment Foundation, likely to be chaired by N Chandrasekaran.
N Chandrasekaran
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Indian Rupee
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Shireen Jejeebhoy
Jimmy Tata
Deanna Jejeebhoy
N Chandrasekaran
Ratan Tata
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