Country's startups are carving a unique path by prioritising local, application-led innovation over the global pursuit of scale.
Anandan, also an investor in multiple start-ups, is slated to join venture fund Sequoia Capital.
'There is need for India-specific pricing.' 'Google, Microsoft and others also have different pricing.' 'It is important for OpenAI to think on these lines as the global pricing may not work in the Indian context.'
Two years after his dismissive stance on India's AI potential raised eyebrows here, OpenAI CEO Sam Altman on Wednesday gave a ringing endorsement to Artificial Intelligence momentum in the country -- and billed India as an important market not just for the new-age technology itself but for the ChatGPT creator as well. In New Delhi on Wednesday, Altman -- while sharing dais with Union IT minister Ashwini Vaishnaw -- said India is the second biggest market for the company and that Open AI had tripled its users here in the last year.
'20 per cent of the global AI researchers are of Indian origin, and we should bring them back.'
Indian startups are expected to raise $8-12 billion this year, a top official of venture capital firm Peak XV said on Monday, highlighting that the country's startup ecosystem is the most vibrant in the world. Speaking at StartUp Mahakumbh, Peak XV managing director Rajan Anandan said around $20 billion of private capital is lying uninvested and is committed for investment in private firms and startups in India.
'In the next 15-20 years, India will have at least 50 new (AI-driven) billion-dollar companies that are going to solve problems for the largest companies around the world.'
The Indian startup ecosystem has lauded the inclusion of startups in the New Delhi Leaders' Declaration for the first time ever in the history of G20. Industry stakeholders say that the move will lead to easier access to capital, reduce regulatory hurdles, and may revive funding activity. The Declaration, through the Startup20 initiative, recognised startups as "natural engines of growth" and key to socio-economic transformation by driving innovation and creating employment.
While unveiling its annual Zeitgeist list this year, Google India vice-president and managing director (sales and operations) Rajan Anandan said, "utilitarian services drove search volumes".
By June 2014, India's Internet user numbers will be staggering - ahead of the US and only a little behind China - but there are gaping holes in this growth story.
Google's intent in India is to make it an 'online and mobile first' advertisement market.
With a goal to connect entrepreneurs with investors, a group of angel investors, including Google India Managing Director Rajan Anandan, has come together to launch an online platform -- VentureFund.com -- with an initial corpus of $100 million.
Rajan Anandan, the former Managing Director of Microsoft, has joined search giant Google as the Vice President (Sales and Operations) and Head of India region.
The Navi lending app, launched in May, provides instant loans of up to Rs 5 lakh, with repayment tenures of up to 36 months.
Mantras from a successful professional on how young Indians can become more successful and employable.
Filling in the vacuum created by the high-profile exit of Neelam Dhawan, who quit Microsoft India to join Hewlett Packard (India) in June this year, the software giant on Friday announced the appointment of Rajan Anandan former Dell India head (Dell India VP and Country GM) as its new managing director.
"Dell is developing new models of notebooks catering for the customers in India," Dell India Vice President and General Manager Rajan Anandan said adding that the new models would hit the market by the second week of April. Though he declined to disclose any further details about the firms retail plans, a Dell India official said the company was in advanced stage of negotiation with interested firms in India. In India, Dell follows its traditional model of selling.
Paytm had received the approval for brokerage services from market regulator Sebi in January this year.
This is Dell's third plant in Asia Pacific after China and Malaysia. Dell had earlier this year launched a facility in Brazil and another one in Poland will be opened later this year.
IT major Dell on Wednesday announced the launch of a new range of notebook and desktop computers under brand name 'Vostro,' especially designed for small businesses.
Google has donated over $100 million in grants.
They wanted to learn about the set-up and support entrepreneur there.
The project was announced by Prime Minister in September.
The company launched the smartphone as part of its great online shopping festival, that will take place from December 10-12.
In classifieds, over 41 per cent job searches were from mobile phones.
Google India announced a new social campaign called #ReachForTheSky, in association with MARD initiative.
According to sources, Chambers has led the $5-million funding round via his investment firm JC2 Ventures
This is the second acquisition Google is making to boost its NBU initiative, having acquired four-month-old Halli Labs founded by Pankaj Gupta in July 2017, reports Yuvraj Malik.
This will be the first time BJP's prime ministerial candidate holds a discussion with IT, telecom czars.
To launch a service that will enable users to use Google services for free on their phones.
The study, which also includes internal data from Google and a survey of 1,000 women, found that three out of four women in SEC AB are now online and 75 per cent are in the 15-34 age group with over 24 million women accessing the Internet daily.
Mobile application vulnerability detection start-up, Appknox is in talks to raise funds from Singapore-based Jungle Ventures, along with a slew of angel investors including Google India head Rajan Anandan.
Target is to train about five lakh Indian women in next 18 months
The project, called e-basha, is a critical part of the ambitious Digital India programme.
India is on its way to become a mobile app-first market and e-tailers and start-ups have begun their race to capture the next set of users in India - those who access vernacular content.
Invests $50 mn in 11 entities in just over a year, commits $25 mn more; prefers putting money in firms trying to solve India-specific problems
Few angels have seen exits; till that happens, they won't be rushing to invest again.
Google announced a new Wi-Fi platform called Google Station, a video app called 'YouTube Go' and an offline feature for Chrome web browser and faster loading in Google Play on 2G network
Fast paced growth in computer literacy and greater use of data on mobiles will help India's Internet economy grow to $200 billion or 5 per cent of the GDP by 2020.
The number of Internet users in India is expected to rise 18.53 per cent in the coming eight months to reach 24.3 crore (243 million) by June 2014, on the back of higher adoption of mobiles as a means to access the Internet, a report said.
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