US Chip Company NVIDIA Declared AI Partnerships with Which Company?

Daily Current Affairs

Reliance Industries

Infosys

Larsen & Toubro

Adani Group

Correct Answer : Reliance Industries

US chip company NVIDIA declared AI partnerships with Indian conglomerates like Reliance Industries and Tata Group to build cloud infrastructure, language models and generative applications.

This exciting deal is expected to help NVIDIA deepen its inroads into the emerging AI ecosystem of the South Asian nation as it faces specific barriers in a few chip exports to China and other countries with US restrictions.

Recently, NVIDIA CEO Jensen Huang met Prime Minister Narendra Modi and discussed India’s potential and possibilities in the AI sector.

With the Reliance partnership, NVIDIA will offer the computing power necessary for developing a cloud AI infrastructure. At the same time, Reliance unit Jio will help maintain the infrastructure and supervise customer engagement.

NVIDIA said, “Reliance will create AI applications and services for their 450 million Jio (telecom) customers and provide energy-efficient AI infrastructure to scientists, developers and startups across India.”

This partnership opportunity will be utilised by India’s no.1 software services exporter, Tata Consultancy Services, to create and process generative AI apps and a supercomputer, the companies made clear in a statement.

TCS is expected to upskill its 600,000-strong workforce by harnessing the partnership. As per the statement, this partnership deal will catalyse the AI-integrated transformation across the Tata Group companies from manufacturing to consumer business. This also helps Reliance access the latest version of NVIDIA’s Grace Hopper Superchip.

Its AI chips are enhanced to perform AI inference functions that power apps like ChatGPT.

Reliance opined that the new AI infrastructure would boost the range of India’s vital AI projects like drug discovery, chatbots and climate research..

Source : India AI

Published On : September 12, 2023

Solar’s Ascendance in India :

In 2015, India ranked ninth in solar energy deployment, but by 2023, it produced 5.8% of its electricity from solar, up from 0.5% in 2015. This significant increase underscores India’s commitment to clean energy and its pivotal role in mitigating climate change.

Global Solar Growth Trends :

Ember’s report highlights that solar energy witnessed a remarkable increase globally, with 2023’s solar generation exceeding six times that of 2015. The top four solar growth countries, including India, accounted for 75% of this growth, emphasizing the widespread adoption of solar power worldwide.

Published On : May 9, 2024

Q .

India's Toy Exports Slip to _____ Million in 2023-24

$102.92

$121.19

$139.53

$152.34

Correct Answer : Option (D) - $152.34

India’s toy exports experienced a slight decline to USD 152.34 million in the fiscal year 2023-24, with limited benefits from quality control measures. Despite efforts to bolster the domestic industry and ensure product safety, exports did not see significant improvement.

Declining Export Trends :

Export figures dropped marginally from USD 153.89 million in the previous fiscal year to USD 152.34 million in 2023-24, as outlined by the Global Trade Research Initiative (GTRI). Despite a modest increase in exports from FY’2020 to FY’2022, the subsequent year witnessed a downturn.

Import Trends :

Conversely, imports rose to USD 64.92 million in 2023-24 from USD 62.37 million in the preceding year, indicating a persistent challenge in balancing trade dynamics.

GTRI’s Recommendations :

Comprehensive Industry Development Strategy : GTRI Founder Ajay Srivastava emphasized the necessity for a holistic approach to foster the growth of India’s toy industry and bolster exports.

Domestic Ecosystem Strengthening : Developing a robust domestic ecosystem is paramount, alongside measures to encourage renowned global toy brands to establish manufacturing facilities within India’s borders.

Published On : May 9, 2024

Q .

India Leads Global Remittances, Surpassing _____ Billion Mark.

$50

$100

$200

$250

Correct Answer : Option (B) - $100

India emerged as the global leader in remittances in 2022, receiving over $111 billion, surpassing the $100 billion mark for the first time. The International Organisation for Migration (IOM) highlighted India, alongside Mexico, China, the Philippines, and France, as the top five remittance recipient countries.

Consistent Growth: From $53.48 Billion to $111.22 Billion

The UN’s World Migration Report 2024 underscored India’s consistent growth in remittances, noting a rise from $53.48 billion in 2010 to $111.22 billion in 2022. This significant increase showcases India’s pivotal role in the global remittance landscape.

Southern Asia’s Significance in Global Remittances :

The IOM emphasized Southern Asia’s importance as a major recipient of global remittances, attributed to its high proportion of migrant workers and emigrants. India, Pakistan, and Bangladesh all ranked among the top ten recipients worldwide, highlighting the sub-region’s reliance on labor migration.

Prominent Migration Corridors and Destination Countries :

While India ranks 13th as a destination country for immigrants, it features prominently in various international migration corridors, including India-United Arab Emirates, India-Saudi Arabia, and Bangladesh-India, all of which are among the top 10. This indicates India’s significant role in global labor migration patterns.

Published On : May 9, 2024