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India’s Green Hydrogen Journey Takes A Giant Leap

SJVN Chairperson and Managing Director Geeta Kapur inaugurates the unit

The first multi-purpose (Combined Heat & Power) Green Hydrogen Generation Plant at Jhakri, Himachal Pradesh, is poised to accelerate the development of green hydrogen production infrastructure in the power sector, thus establishing green hydrogen as a clean energy source … writes Dr Satish Sharma

India made a stride towards a greener future led by renewable energy when the first multi-purpose green hydrogen pilot project was inaugurated at the 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS) in Himachal Pradesh’s Jhakri recently.

Spearheaded by Satluj Jal Vidyut Nigam (SJVN), the green hydrogen produced from the project will be utilized for the High-Velocity Oxygen Fuel (HVOF) Coating Facility of NJHPS to meet its combustion fuel requirements.

In addition, it will also generate electricity through its fuel cell of 25 kW capacity.

The first Multi-purpose (Combined Heat & Power) Green Hydrogen Generation Plant of the nation is poised to accelerate the development of green hydrogen production infrastructure in the power sector, thus establishing green hydrogen as a clean energy source.

What can be expected from the project?

The state-of-the-art Green Hydrogen Pilot Project is set to produce 14 kilograms of Green Hydrogen daily during 8 hours of operation.

The hydrogen produced will be stored at a pressure of 30 bars, in six storage tanks, with a total storage capacity of 12 m3.

The project will produce hydrogen using an alkaline electrolyzer of 20 Nm3/hour capacity, which would be powered by renewable energy supplied from 1.31 MW Solar Power Plant of SJVN in Wadhal, Shimla.

Besides generating power, the green hydrogen will also be used for High-Velocity Oxygen Fuel Coating of turbine underwater parts.


India and the National Green Hydrogen Mission

Last year, the Indian Cabinet, chaired by Indian PM Narendra Modi, approved National Green Hydrogen Mission.  

The Cabinet also approved the National Green Hydrogen Mission with an outlay of Rs. 19,744 crore from FY 2023-24 to FY 2029-30.

According to the government, the Mission will have wide-ranging benefits- creation of export opportunities for Green Hydrogen and its derivatives; decarbonisation of industrial, mobility and energy sectors; reduction in dependence on imported fossil fuels and feedstock; development of indigenous manufacturing capabilities; creation of employment opportunities; and development of cutting-edge technologies.  

India’s Green Hydrogen production capacity is likely to reach at least 5 MMT per annum, with an associated renewable energy capacity addition of about 125 GW, the government said.


What is the 2030 target?

The targets by 2030 are likely to bring in over Rs. 8 lakh crore investments and create over 6 lakh jobs.  

Nearly 50 MMT per annum of CO2 emissions are expected to be averted by 2030.

The Mission aims to facilitate demand creation, production, utilization and export of Green Hydrogen.  

Under the Strategic Interventions for Green Hydrogen Transition Programme (SIGHT), two distinct financial incentive mechanisms – targeting domestic manufacturing of electrolysers and production of Green Hydrogen – would be provided under the Mission.

The Mission would also support pilot projects in emerging end-use sectors and production pathways.

Regions capable of supporting large-scale production and/or utilization of Hydrogen would be identified and developed as Green Hydrogen Hubs.

What is the future of Green Hydrogen?

According to International Energy Agency,  the annual production of low-emission hydrogen could reach 38 Mt in 2030, if all announced projects are realised, although 17 Mt come from projects at early stages of development.

The potential production by 2030 from announced projects to date is 50% larger than it was at the time of the release of the IEA’s Global Hydrogen Review 2022.

Global hydrogen use reached 95 Mt in 2022, a nearly 3% increase year-on-year, with strong growth in all major consuming regions except Europe, which suffered a hit to industrial activity due to the sharp increase in natural gas prices, IEA website said.

What is the future of India?

Seeing the observation of IEA, it can be presumed that the Indian government has taken a positive initiative and may become one of the leading forces in green energy revolution in the next few years.

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Business Tech Lite

Google Launches India Startup Accelerator

The selected startups will receive guidance on building human-centred and responsible AI solutions and access to the Google mentor network..reports Asian Lite News

Google on Thursday said that it has opened applications for this year’s ‘Startups Accelerator: AI First’ programme in India.

The programme will provide three months of equity-free support to startups solving problems across varied industries and using cases using artificial intelligence (AI).

“The Google for Startups Accelerator: AI First is one of the several accelerator programmes we offer throughout the year across the world, bringing the best of Google to early-stage startups using AI, machine learning (ML) and Cloud technology to tackle some of the most urgent global challenges,” the tech giant said in a blogpost.

The selected startups will receive guidance on building human-centred and responsible AI solutions and access to the Google mentor network.

They will also get training on design, marketing, and leadership, and access to tech stack credits and state-of-the-art AI tools.

Only startups based in India, using AI in their core solution or product, including generative AI, and preferably between Seed to Series A stages are eligible to apply, the company mentioned.

“The Google for Startups Accelerator programme has enabled startups to solve systemic challenges using AI, and this focus is now further sharpened to include startups that are using large language models for generative AI-based solutions,” Google said.

Meanwhile, agritech company Cropin Technology on Tuesday launched the sector’s first open-sourced micro-language model for climate-smart agriculture, targeting undeserved farmers in Global South.

The Google-backed Cropin launched ‘akṣara’ AI model which is designed to remove barriers to knowledge, and empower anyone in the agriculture ecosystem to build frugal and scalable AI solutions for the sector.

The first version of ‘akṣara’ will cover nine crops — paddy, wheat, maize, sorghum, barley, cotton, sugarcane, soybean, and millets for five countries in the Indian subcontinent.

Recognising the environmental impact of running large language models (LLMs), Cropin has meticulously compressed ‘akṣara’ into 4-bit from 16-bit.

“Domain-specific AI models for agriculture are expected to attract significant investments, offering a practical and economically viable approach to food systems transformation,” said Krishna Kumar, Founder and CEO, Cropin.

These models can potentially transform agriculture, paving the way for a new era of tech-driven farming in a sector that has traditionally seen limited technological advancement.

The ‘akṣara’ AI model was fine-tuned with more than 5,000 high-quality question-response pairs specific to agriculture and more than 160,000 tokens in the context.

“These numbers are expected to increase as we add more crops, geographic locations and use cases,” said the company.

Factors like irregular or extreme rainfall, unpredictable heatwaves, and increased pest and disease attacks affect farmers’ practices and reduce agricultural yield, productivity, and profitability.

Cropin said it aims to bridge this gap with ‘akṣara’ by harnessing the power of GenAI to provide insights into modern farming practices, accurate information, and farm advisories.

The open-source initiative aims to support agronomists, agri-scientists, field staff, and extension workers and gradually extend the services to farmers in multiple languages, the company added.

ALSO READ-Google to delete ‘incognito’ data records

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UiPath expands India footprint

UiPath appoints Anil Bhasin as new India head.

The new data centres launched in Pune and Chennai will help meet the growing demand for cloud services…reports Asian Lite News

Enterprise automation and AI software company UiPath on Wednesday said that it expanded its footprint in India by launching two new data centres as part of its global expansion initiative.

The new data centres launched in Pune and Chennai will help meet the growing demand for cloud services, with a focus on business continuity and compliance, the company said.

“As we continue to expand our footprint, the launch of our new data centres in Pune and Chennai further underscores our commitment to empowering Indian businesses with cutting-edge automation solutions,” Arun Balasubramanian, VP & MD, India & South Asia, UiPath, said in a statement.

According to the company, the launch of these data centres marks a significant landmark for UiPath Automation Cloud, providing both public and private sector entities with unparalleled opportunities for growth and innovation.

UiPath Automation Cloud will provide improved services to customers and partners in the Indian market, assuring strategic positioning of infrastructure, applications, and data.

“By bringing the UiPath Automation Cloud closer to our Indian customers, we aim to deliver unparalleled value, enabling businesses to harness the full potential of automation,” Balasubramanian said.

With the new data centres in Pune and Chennai, UiPath will now have cloud regions in India, the US, Europe, Canada, Japan, Singapore, and Australia.

Last month, Enterprise automation software company UiPath on Thursday announced to equip five lakh Indians with artificial intelligence (AI) and automation skills by 2027, as the government aims to bridge the skill gap in emerging technologies.

The company said it is expanding the partnership with ‘FutureSkills Prime’, A MeitY-Nasscom initiative and plans to introduce two new learning plans for business analysts and test automation professionals.

“The advent of AI and automation opens India’s economy and population to vast new opportunities, and this must be supported with a dedicated commitment to elevating the skills and expertise available in the market,” said Arun Balasubramanian, VP and Managing Director India and South Asia, UiPath.

UiPath is set to launch 50 automation skills’ labs across various colleges in the country, expanding opportunities for students to advance their automation skills and expertise.

These dedicated facilities, to be operational by the second half this year, will focus on skills development, innovation, and research.

As part of this initiative, UiPath will work with academic institutions to offer curriculum enhancements, and help students engage with the wider industry and community for jobs.

UiPath said it will provide 100 scholarships every year over the next three years for economically-disadvantaged individuals to pursue certifications.

This initiative will be funded by UiPath partners and customers and is targeted at ensuring equitable access for all individuals to contribute to and benefit from India’s digital economy.

“Automation fueled by AI is transforming businesses and to leverage the growing opportunities, Sector Skills Council Nasscom is adapting education to meet industry demands with a focus on practical career development,” said Kirti Seth, CEO, SSC Nasscom.

ALSO READ: What Propels India Towards 3rd Largest Economy

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Business Economy India News

Indian IT Faces Another Year of Muted Growth

The report looked at top 24 firms, accounting for 55 per cent of the Rs 14 lakh crore sectoral revenue last fiscal…reports Asian Lite News

The IT services sector in India is likely to see a second-successive year of muted revenue growth, at 5-7 per cent in FY25, amid continuing global macroeconomic headwinds, a report showed on Wednesday.

This follows a 12 per cent compound annual growth over the decade through fiscal 2024 and 6 per cent (year-on-year) growth expected for fiscal 2024, according to a Crisil Ratings report.

As revenue growth remained subdued, IT service companies pulled back on addition of fresh talent, resulting in headcount reductions by 4 per cent (on-year) in December 2023.

This, along with the decline in attrition to 13 per cent as of December 2023 from the high of 20 per cent in fiscal 2023, provided a breather by limiting higher-cost replacement hiring during fiscal 2024.

“The slowdown in technology spend will continue this fiscal year, weighing on the revenue growth of IT service providers. Revenue from BFSI and retail segments will continue to be a drag with subdued growth of 4-5 per cent while manufacturing and healthcare will grow at a healthy 9-10 per cent,” said Aditya Jhaver, Director, CRISIL Ratings.

The report looked at top 24 firms, accounting for 55 per cent of the Rs 14 lakh crore sectoral revenue last fiscal.

“IT spends will remain focused on automation and optimising costs, while most end-user industries are likely to defer large discretionary spends,” Jhaver added.

Four sectors account for 65 per cent of the revenue of the Indian IT services sector: Banking, financial services, and insurance (BFSI, revenue share of 30 per cent), retail (15 per cent), technology (10 per cent) and communications and media (10 per cent).

“Operating margin, however, should sustain at 22-23 per cent due to prudent management of employee costs (constitutes 85 per cent of total expenses and includes sub-contracting costs), through cautious hiring and with lower attrition reducing replacement cost,” the report showed

ALSO READ: What Propels India Towards 3rd Largest Economy

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Business Economy Politics

What Propels India Towards 3rd Largest Economy

In PPP terms, India is already the third-largest economy globally. The RBI bulletin indicates it’s projected to surpass the US by 2045, becoming the world’s second-largest economy…reports Asian Lite News

While India’s recent growth performance has surprised many, triggering a flurry of upgrades from financial institutions such as the IMF, the RBI bulletin released on Tuesday cites six factors that will propel the country to become the world’s third-largest economy.

In purchasing power parity (PPP) terms, the Indian economy is already the third largest in the world. According to the OECD’s December 2023 update, India will overtake the US by 2045 in PPP terms to become the world’s second-largest economy, the RBI bulletin points out.

According to the bulletin, the “tailwinds likely to power India’s take-off” are as follows:

* The demographics favour the rising profile of growth. Currently, India has the world’s largest and youngest population. The median age is around 28 years; not until the mid-2050s will aging set in. Thus, India will enjoy a demographic dividend window of more than three decades, driven by rising working-age population rates and labour force participation rate. This is a striking contrast to a world widely confronted with the challenge of aging.

* India’s growth performance has been historically anchored by domestic resources, with foreign savings playing a minor and supplementary role. This is also reflected in the current account deficit (CAD), which remains within a sustainable threshold of about 2.5 per cent of the GDP. Currently, the CAD averages about 1 per cent, and this is associated with various indicators of external sector resilience – illustratively, external debt is below 20 per cent of the GDP and net international investment liabilities are below 12 per cent.

* The gradualistic path of fiscal consolidation adopted after the Covid pandemic has brought the general government deficit to 8.6 per cent of the GDP and public debt to 81.6 per cent of the GDP by March 2024. Employing a dynamic stochastic general equilibrium (DSGE) model, it is estimated that reprioritising fiscal spending by targeting productive employment-generating sectors, embracing transition, and investing in digitalisation could lead to a decline in general government debt to 73.4 per cent of the GDP by 2030-31.

In contrast, the debt-GDP ratio is projected by the IMF to rise to 116.3 per cent in 2028 for advanced economies and to 75.4 per cent for emerging and middle-income countries.

* India’s financial sector is predominantly bank-based. In 2015-2016, the overhang of asset impairment in the wake of the global financial crisis was addressed through an asset quality review (AQR). A massive recapitalisation was undertaken during 2017-2022. The beneficial effects started to show up from 2018 — gross and net non-performing assets ratios declined to 3.9 per cent and 1 per cent, respectively, by March 2023, with large capital buffers and liquidity coverage ratios well above 100 per cent.

The Insolvency and Bankruptcy Code (IBC) has created the institutional environment for addressing stress in banks’ balance sheets. Macroeconomic and financial stability are providing the foundation for medium-term growth prospects.

* India is undergoing a transformative change leveraged on technology. The trinity of JAM – Jan Dhan (basic no-frills accounts); Aadhaar (universal unique identification); and Mobile phone connections — is expanding the ambit of formal finance, boosting tech startups, and enabling the targeting of direct benefit transfers. India’s Unified Payments’ Interface (UPI), an open-ended system that powers multiple bank accounts into a single mobile application of any participating bank, is propelling inter-bank, peer-topeer, and person-to-merchant transactions seamlessly.

* inflation in India is moderating after surging on multiple and overlapping supply shocks from the pandemic, weather-induced food price spikes, supply chain disruptions and global commodity price pressures following the Russia-Ukraine conflict.

ALSO READ: Ecozen Secures $30M Funding for Expansion

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Business Economy India News

Razorpay Unveils ‘UPI Switch’ with Airtel

UPI Switch will also enable 5 times faster access to UPI innovations for businesses…report Asian Lite News

Fintech major Razorpay on Tuesday launched its own Unified Payments Interface (UPI) infrastructure with ‘UPI Switch’ — a next-generation cloud-based innovation, in partnership with Airtel Payments Bank.

Boosting success rates by 4 to 5 per cent, the company said that it is designed to handle up to 10,000 transactions per second (TPS) at any given time.

UPI Switch will also enable 5 times faster access to UPI innovations for businesses, the company mentioned.

“Razorpay’s UPI Switch is designed with a similar vision to provide scalability and the best performance to businesses. This venture into UPI Infrastructure marks a strategic move to manage the end-to-end merchant experience and provide the industry’s leading stack,” Khilan Haria, Head of Payments Product at Razorpay, said in a statement.

Explaining how UPI Switch works, the company said that the success of UPI transactions has a strong dependency on the UPI infrastructure deployed at the banks.

Banks connect with the existing UPI infrastructure to enable seamless communication between core banking systems and UPI technology while processing a UPI transaction. This infrastructure is called a UPI switch and is powered by Technology Service Providers (TSPs) for banks.

“Our integration with Razorpay’s UPI Switch, a cloud-based infrastructure for the most advanced UPI Stack, ensures 99.99 per cent uptime and enables up to 10,000+ transactions per second,” said Ganesh Ananthanarayanan, Chief Operating Officer of Airtel Payments Bank.

In January, UPI transactions reached a record Rs 18.41 trillion, showcasing its rapid adoption. With the addition of new payment methods like credit cards, wallets, and credit lines, UPI is expected to reach 2 billion transactions per day by 2030, the company mentioned.

ALSO READ: G42, Qualcomm partner to boost AI inference performance

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Business Economy India News

How BharatPe Revolutionise Payments

The company plans to launch the product in over 100 cities in the first phase and further scale it to more than 450 cities over the next six months….reports Asian Lite news

Fintech company BharatPe on Tuesday launched India’s first all-in-one payment product that incorporates POS (point of sale), QR, and speaker into a single device.

Called BharatPe One, the product is designed to streamline transactions for merchants, offering versatile payment acceptance options including dynamic and static QR code, tap-and-pay and traditional card payment options.

The company plans to launch the product in over 100 cities in the first phase and further scale it to more than 450 cities over the next six months.

“By combining multiple functionalities into one cost-effective device, we’re providing a comprehensive solution tailored to the varied needs of small and medium businesses across diverse sectors,” Nalin Negi, CEO, BharatPe, said in a statement.

As per the company, the device offers a smooth and hassle-free experience for both merchants and customers alike.

It comes equipped with a high-definition touchscreen display, 4G and Wi-Fi connectivity, and is powered by the latest Android operating system. It delivers improved performance and security, the company said.

“We have received an overwhelming response from our merchants in the pilot phase and we reckon that this will be another game changer for the digital payments ecosystem, further consolidating our position as a trailblazer in the fintech industry,” said Rijish Raghavan, Chief Business Officer – PoS Solutions, BharatPe.

Meanwhile, BharatPe on Tuesday announced the elevation of Nalin Negi as its Chief Executive Officer (CEO).

Under him as an interim CEO and CFO, BharatPe recorded 182 per cent increase in revenue from operations in FY23 and clocked October as the first EBITDA positive month.

BharatPe said it will now search for a new CFO.

“Negi’s extensive experience in the fintech industry and the growth witnessed for BharatPe under his leadership, makes him a natural choice to lead the company,” said Rajnish Kumar, Chairman of the Board, BharatPe.

Negi joined BharatPe in 2022. As the CEO, he will focus on leading the company into its next phase of development, driving innovation to empower merchants across the country.

“Going forward, our strategic focus will be on sustained profitability, scaling lending businesses, and launching new merchant-centric products,” said Negi.

“We are committed to building on the strong foundation, fostering financial inclusion and delivering value to our merchants, partners, and stakeholders,” he added.

Prior to joining BharatPe, he held senior leadership positions at financial service companies including SBI Cards and GE Capital.

BharatPe has an entrenched network of over 1.3 crore merchants across more than 450 cities, and is one of the leading players in UPI offline transactions, processing over 370 million UPI transactions.

ALSO READ: G42, Qualcomm partner to boost AI inference performance

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Business Economy UAE News

G42, Qualcomm partner to boost AI inference performance

Core42’s Condor AI is a cutting-edge cloud computing platform delivering an optimized infrastructure layer with solutions from market-leading AI providers…reports Asian Lite News

G42, the leading UAE-based technology holding group, has announced a technology collaboration with Qualcomm Technologies, Inc. to bring the high performance, low power Qualcomm® Cloud AI 100 solutions to market through Core42’s Condor AI platform. The Qualcomm Cloud AI 100 inference solutions are designed to provide industry-leading energy efficiency, portability, flexibility and price-performance for customers running computationally intense AI workloads.

Core42’s Condor AI is a cutting-edge cloud computing platform delivering an optimized infrastructure layer with solutions from market-leading AI providers. The Qualcomm Cloud AI 100 Ultra AI accelerators are engineered to deliver unparalleled inference performance and cost efficiency. By incorporating advanced data formats and novel AI techniques, such as unstructured sparsity, speculative sampling, and use-case specific NAS using the combination of Cerebras’ CS-3 and AI 100 Ultra, the Condor AI platform is designed to deliver up to 10x increase in tokens per dollar.

Kiril Evtimov, Group CTO of G42 and CEO of Core42, said “At G42, we collaborate with global technology leaders to explore new frontiers and redefine the potential of technology to create transformative opportunities for our partners, our customers, and society at large. With Qualcomm Cloud AI 100 Ultra, we will deliver unique access to unparalleled AI performance at a fraction of the current cost.”

“This solution enables global access to a platform tuned for efficient AI inference at cloud scale. This alliance delivers high-performance AI, easily deployed, at a cost that allows our customers to benefit from state-of-the-art model innovation,” said Nakul Duggal, Group General Manager, Automotive, Industrial and Cloud, Qualcomm Technologies, Inc.

Core42’s Condor AI is delivering optimized production grade solutions to both private and public cloud, allowing for the ability to ingest any trained model and deploy it for production.

For exclusive access to trial Condor AI featuring the AI 100 Ultra and advanced AI capabilities, sign up https://core42.ai/condor-galaxy.html

ALSO READ: India requests Saudi to increase Haj quota

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Business

Ecozen Secures $30M Funding for Expansion

The company has grown five times over the last two years, with profits growing three times as well…reports Asian Lite News

Climate-smart deeptech startup Ecozen on Friday said that it has raised $30 million in a mix of debt and equity from existing investors, including asset management firm Nuveen.

The startup also raised debt support from the InCred Credit Fund and the US International Development Finance Corporation (DFC).

“The capital raised will enable us to scale our operations and deepen our market penetration in domestic and international territories. We are committed to empowering customers and expediting the transition to climate-smart technologies on a global scale,” Devendra Gupta, CEO and Co-Founder of Ecozen, said in a statement.

According to the company, the latest funds will be used to cater to the growing demand for Ecozen’s innovative products and to further its commitment to climate-smart technology.

The company has grown five times over the last two years, with profits growing three times as well.

“Ecozen’s continued growth and innovation exemplify the type of transformative impact we aim to achieve through our investments, paving the way for a sustainable and inclusive low-carbon economy,” said Rekha Unnithan, MD and Head of Private Equity Impact Investing at Nuveen.

The startup said that it is expecting to double its revenue in the current fiscal year, buoyed by strong demand for existing products and plans to leverage its tech stack of advanced motors and controls, thermal energy storage, AI and IoT to enter new segments undergoing a transition to cleaner energy sources.

The company is also set to expand its offerings and market presence into Africa and Southeast Asia.

ALSO READ-Cognizant, Microsoft Forge AI Partnership

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Cognizant, Microsoft Forge AI Partnership

Cognizant said that it will work to deploy Microsoft 365 Copilot to a million users within their global 2,000 clients and across 11 industries….reports Asian Lite News

Cognizant and Microsoft on Monday announced an expanded partnership with the aim of making the tech giant’s generative AI (GenAI) and Copilots available to millions of users to transform enterprise business operations, enhance employee experiences, and accelerate cross-industry innovation.

As part of this collaboration, Cognizant purchased 25,000 Microsoft 365 Copilot seats for its associates, along with 500 Sales Copilot seats and 500 Services Copilot seats to improve productivity, streamline workflows and transform customer experiences.

“Generative AI can be a game-changer for virtually every business in every industry, opening up new possibilities for innovation, efficiency and growth,” Ravi Kumar S., CEO, Cognizant, said in a statement.

“That’s why we are investing $1 billion in GenAI over the next three years and leading the development of new research to explore its potential for our clients, their employees and end customers,” he added.

In addition, Cognizant said that it will work to deploy Microsoft 365 Copilot to a million users within their global 2,000 clients and across 11 industries.

“By combining Cognizant’s industry expertise with Microsoft’s Copilot capabilities, including Copilot for Microsoft 365 and GitHub Copilot — we will help drive AI adoption and innovation for millions of users across its network,” said Judson Althoff, executive VP and chief commercial officer at Microsoft.

According to the company, this partnership has the potential to significantly accelerate AI adoption and innovation in India.

AI is expected to add $450 to $500 billion to India’s GDP by 2025, accounting for 10 per cent of the country’s $5 trillion GDP target, the company mentioned.

Meanwhile, Microsoft on Tuesday announced a $1.5 billion investment in the UAE-based artificial intelligence (AI) technology company, G42.

Both companies will also support the establishment of a $1 billion fund for developers.

The investment will strengthen collaboration on bringing the latest Microsoft AI technologies and skilling initiatives to the UAE and other countries around the world.

As part of this partnership, Brad Smith, Vice Chair and President of Microsoft, will join the G42 Board of Directors, the companies said in a statement.

“This partnership is a testament to the shared values and aspirations for progress, fostering greater cooperation and synergy globally,” said H.H. Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of G42.

G42 and Microsoft will also work together to bring advanced AI and digital infrastructure to countries in the Middle East, Central Asia, and Africa.

“We will work together not only in the UAE, but to bring AI and digital infrastructure and services to underserved nations,” said Smith.

“We will combine world-class technology with world-leading standards for safe, trusted, and responsible AI, in close coordination with the governments of both the UAE and the US,” he added.

ALSO READ: India’s Growing Role in Generative AI Adoption