Google’s gift to small startups of Indian women, will invest Rs 75 thousand crore
Through the Google India Digitization Fund (IDF), the company bought a 7.73 per cent stake in Jio for $4.5 billion and a 1.2 per cent stake in Bharti Airtel for $700 million.
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Google IndiaA senior Google official said on Monday that Google will contribute Rs 75,000 crore to the India Digitization Fund. (India Digitization Fund) Will focus on investing in women-led startups through The company had invested $10 billion in 2020, around Rs 75,000 crore, to make the internet affordable. Google India Digitization Fund (IDF) Through this, the company bought a 7.73 per cent stake in Jio for $4.5 billion and a 1.2 per cent stake in Bharti Airtel for $700 million.
Going forward, as part of our IDF investments, we will be supporting early-stage companies with a special focus on women-led startups, said Sanjay Gupta, country manager and VP, Google India at the Google for India event.
Announced many projects
The company announced several projects operated by Artificial Intelligence, including speech technology, voice and video search etc. Gupta said that with AI, text content can be instantly converted into video… Translation from English to any language is possible on a large scale. AI is fully capable of detecting advanced threats.
$1 million grant announced for AI center in Madras
The company announced a collaboration with the Indian Institute of Science in Bengaluru to collect speech data from 773 districts across India to fine-tune its language translation and search technology. Google has announced a $1 million grant to set up India’s first responsible AI center at IIT Madras.
