DATA SOURCE
NITI Aayog proposes a minimum 60% local sourcing requirement by value for wind energy plants
In its report, submitted to the ministry of new and renewable energy, the Aayog has raised alarm over cyber security issues due to import (specially from China) of the wind sector components by wind turbine original equipment manufacturers (OEMs) and suggested the need to examine power power controller (PPC) OEMs of foreign origin especially neighboring countries to minimise cyber security related challenges.
India's covid-year employment spike led by agriculture: RBI Data
RBI data showed surge in employment during pandemic year despite GDP contraction. Agriculture, construction, and health sectors lead the way with millions of new jobs. PM Modi claims 80 million jobs created, silencing critics. Debate rages on as experts question the true impact. Unprecedented growth in job numbers stuns analysts and sparks controversy.
Budget 2024: MSME data stack, alternative credit assessment models can bridge $530 bn credit gap, says industry
Industry experts highlight the pressing need to tackle the issue of cash flow problems for the MSME sector in the upcoming Budget on July 23.
Thirst Trap: Water sustainability issues loom over India's booming data centre industry
India's data centre industry is booming, driven by significant investments from companies like Adani Enterprises. However, this growth raises concerns about the substantial water consumption needed for cooling in water-scarce cities. Operators are adopting alternative cooling technologies like air-cooled chillers to reduce water use. Despite these efforts, India lacks a national policy on data centre water usage. Experts call for sustainable practices to balance industry growth with water conservation.
AI supercharges data centre energy use-straining the grid and slowing sustainability efforts
According to the Electric Power Research Institute, a nonprofit research firm, at 2.9 watt-hours per ChatGPT request, AI queries require about 10 times the electricity of traditional Google queries. Data centres have continuously grown for decades, but the growth in the still-young era of large language models has been exceptional.
Personal data of nearly 8 million Angel One customers leaked online: sources
The hacker said he had released only a part of the data. However, according to a private cyber security consultant, the data seems to be from 2023.
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Artificial Intelligence helped to find a vast source of the copper that AI needs to thrive
KoBold is pumping $2.3 billion into its first mine and is negotiating tricky partnerships with contractors and governments alike. It is relying on the U.S. government to finance a new railway to export the copper.
How Indian data centre operators are mitigating AI power consumption woes
Indian data centre operators are racing to reduce the massive power consumption of AI infrastructure. As the country prepares to acquire 100,000 GPUs by 2024, concerns over sustainability and environmental impact are mounting.
Under Bhashini, IISc to open source 16,000 hours of speech data
Bhashini’s Vaani project, led by IISc-ARTPARK and Google, is open-sourcing 16,000 hours of speech from 80 districts and 150,000 hours from one million people across 773 districts in India. The Gates Foundation funds it. The project records 200 hours per district, supporting AI development in 58 language variants, with Karya assisting data collection.
AI startup funding more than doubles in Q2, Crunchbase data shows
Startup funding overall grew 16% sequentially to touch $79 billion in the last quarter, primarily driven by investments in AI, which became the largest sector for the first time, followed by healthcare and biotech. Outside of AI, cybersecurity company Wiz raised a billion-dollar in its latest funding round.
India's job crisis: Labour Ministry hits back at Citigroup; says report fails to consider data from official sources
The Labour ministry has refuted Citigroup's report that New Delhi will struggle to create sufficient employment opportunities despite a 7% growth rate. The ministry cited that the report does not analyze all official data sources available in the public domain, and that India has generated over 8 crore employment opportunities from 2017-18 to 2021-22, despite the COVID-19 pandemic.
India created over 80 million jobs from FY’18 to FY’22, says ministry of labour and employment
Quoting the data from the Periodic Labour Force Survey and the KLEMS data of the Reserve Bank of India, the ministry said on Monday that this translated to an average of over 20 million jobs or employment per year and demonstrates the effectiveness of various government initiatives aimed at boosting employment across sectors.
How the stag beetle became the world’s most expensive insect and how much it costs
The stag beetle, one of the world's most expensive insects, can cost up to Rs. 75 lakh due to its rarity and perceived luck-bringing qualities. These insects thrive in warm climates, feed on sweet liquids and dead wood, and have a lifespan of 3 to 7 years. Their unique physical traits and roles in forest ecosystems make them highly valued, with applications even in medicinal practices.
Talen asks US regulators to reject challenge to Amazon data center deal
Talen Energy defends its Amazon data center deal against claims by utilities, stating it won't raise power costs or affect grid reliability. The dispute could set a precedent for future data center agreements. FERC's decision pending.
Rise & rise of secondary deals; advantage desi data centres
Happy Friday! Total funding raised by Indian startups fell in the first half of 2024, but late-stage activity showed signs of revival, as per data. Decoding this and more in today’s ETtech Morning Dispatch.
Nifty logs positive returns 9 times in 10 years in July, FIIs net buyers on 8 occasions
Nifty historically delivers positive returns in July with FIIs being net buyers on 8 out of 10 occasions. The month usually ends favoring the bulls, with FIIs making significant investments in Indian equities, indicating a positive sentiment for the market.
How GenAI is opening up new revenue streams for IT firms and GCCs
The rise of generative AI (GenAI) presents an opportunity for IT firms to unlock new revenue streams. Companies like Accenture, Infosys, and Tech Mahindra, alongside global capabilities centers (GCCs), are seeing a surge in data standardisation work. This is driven by the vast amount of "uncleaned/unstructured" data held by their clients and parent companies.
Centre's seven-member high-level panel formed to oversee NTA's functioning to hold meet, sources
The Centre's high-level committee overseeing the National Testing Agency (NTA) is set to meet on Monday to address transparency and operational issues. This committee, led by Dr. K. Radhakrishnan, will submit its recommendations on reforming the examination process and improving data security to the Ministry of Education in the next two months. The NTA, which conducted the NEET-UG exams, has faced criticism and allegations of irregularities, leading to protests and demands for its disbandment.
Centre's high-level panel on exam reforms to meet on Monday: Sources
Former AIIMS-Delhi director Randeep Guleria, University of Hyderabad Vice-Chancellor BJ Rao, professor emeritus in IIT-Madras' Department of Civil Engineering K Ramamurthy, People Strong co-founder and Karmayogi Bharat board member Pankaj Bansal, IIT-Delhi Dean of Student Affairs Aditya Mittal and Education Ministry Joint Secretary Govind Jaiswal are other members of the panel.
India becomes the biggest source country for doctors in the US
India is the top source of immigrant doctors and the second-largest source of registered nurses in the US, as per a report by Remitly. Immigrants make up 18% of the US healthcare workforce, with Indians constituting 7%.
Scorching heat drives India's gas-fired power use to multi-year highs in May
Sweltering heat and policy measures are driving a surge in gas-fired power use in India, with LNG imports set to sharply rise over the next two years. Gas-fired power generation doubled in April and May, impacting coal's share. India's LNG imports are forecasted to increase, driven by the power sector's growing demand for flexibility.
Build your superstructure
As generative AI continues to evolve, the debate over its development and release models becomes important. Across the foundation models driving the explosion of GenAI are two broad philosophies for the development and release of this tech: open- and closed-source models.
How AI made Mark Zuckerberg popular again in Silicon Valley
Meta's CEO, Mark Zuckerberg, introduced an open-source AI system, challenging closed models like OpenAI. Jeffrey Emanuel, a hacker and AI enthusiast, initially skeptical, was impressed by Meta's move to make the code freely accessible.
When 17C is with candidates & EVMs in strong rooms, how can turnout data be fudged: EC sources
Election Commission clarified that Form 17C and EVMs are secure, cannot be tampered with. Supreme Court declined NGO's plea to upload booth-wise turnout data during Lok Sabha elections.
India needs open-source AI models for cultural and linguistic representation: IBM
This comment comes as IBM on Tuesday open-sourced a group of its most advanced and performant language and code Granite large language models.
Some AI companies face a new accusation: 'Openwashing'
Proponents of open source AI models say they're more equitable and safer for society, while detractors say they are more likely to be abused for malicious intent. One big hiccup in the debate? There's no agreed-upon definition of what open source AI actually means.
India's fossil fuel capacity grows 2.44 pc in FY24; non fossil-fuel rises 11 pc: Govt data
India's power generation capacity saw growth in both fossil fuel-based and non-fossil fuel-based sources in FY24. Fossil fuel capacity rose to 243.22 GW while non-fossil fuel capacity increased to 190.57 GW, with renewable energy sources like solar and wind contributing significantly to the rise.
Zero-day vulnerabilities becoming major source of cyberattacks: Verizon
Cyberattacks exploiting vulnerabilities tripled in 2023, driven by MOVEit. Extortion rose while stolen credentials fell. Financially motivated incidents had a $46,000 median loss. Concerns persist around GenAI and deepfakes in cyber threats.
The great AI debate: Open-source vs proprietary models in global showdown
The development and regulation of AI technologies, such as chatbots, GPTs, and search engines, are causing concern and debate. Geopolitical tensions arise as open-source AI models from China compete with proprietary models from the US and EU. Data privacy laws, consumer data protection, and standardized definitions and regulations for AI are seen as essential.
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