Joe Biden and PM Modi met with some of the most powerful executives in Silicon Valley on Friday. <\/p>\n
Three US tech giants have committed to major investments in India following Prime Minister Narendra Modi's recently-concluded state visit to the western superpower. Amazon, Google, and Microsoft have announced capital investments and technological cooperation for the growth of Indian technology. <\/p>\n
While Amazon has committed to investing an additional $15 billion in India over the next seven years, which will take the company's total India investment across all businesses to $26 billion, Google has said it will open its global fintech operation centre in Gujarat. <\/p>\n
Microsoft Chairman and CEO Satya Nadella in his meeting with the Prime Minister discussed the power of technology, particularly Artificial Intelligence, to help improve the lives of Indians. <\/p>\n
\"India is home to one of the most vibrant developer and start-up ecosystems in the world, and Microsoft remains deeply committed to the growth of Indian technology - that will impact both India and markets across the globe,\" a Microsoft statement said after the meeting. <\/p>\n
Microsoft had last month launched Jugalbandi, a new generative AI-driven chatbot on mobile devices for government assistance, in India. It can understand questions in multiple languages, whether spoken or typed. It retrieves information on relevant programs - usually written in English - and relays it back in local language. The Jugalbandi AI assistant is powered by language models from AI4Bharat, a government-backed initiative, and reasoning models from Microsoft Azure OpenAI Service. <\/p>\n
Google CEO Sundar Puchai said that he shared with the Prime Minister that Google is investing $10 billion in India's digitisation fund. \"We are announcing the opening of our global fintech operation centre in GIFT City, Gujarat,\" news agency ANI quoted Mr Pichai as saying. <\/p>\n
An Amazon statement said its CEO Andy Jassy and the PM spoke about supporting Indian startups, creating jobs, enabling exports, digitisation, and empowering individuals and small businesses to compete globally. <\/p>\n
\"Amazon has pledged to digitise 10 million small businesses, enable $20 billion in exports, and create 2 million jobs in India by 2025. Currently, Amazon India is on track to deliver on them, having already digitised over 6.2 million small businesses, enabled over $7 billion in exports, and created over 1.3 million direct and indirect jobs,\" the company statement said. <\/p>\n
PM Modi met captains of industry from various fields, including semiconductors, manufacturing, space, and start-ups, at the \"Hi-Tech handshake\" mega event at the White House in Washington DC on his last day of the US visit. <\/p>\n
\"In his remarks, Prime Minister underlined the immense potential of harnessing India-US tech cooperation for socio-economic growth. He also applauded the contribution of India's talented youth in fostering a culture of innovation. President Biden called on CEOs to help expand India-US tech partnership to new fields including biotechnology and quantum,\" a government release on the event said. <\/p>\n
Among those present were Apple's Tim Cook, Revathi Advaithi, CEO, Flex, Sam Altman, CEO, OpenAI, Mark Douglas, President and CEO, FMC Corporation, Microsoft chief Satya Nadella and Google's Sundar Pichai. <\/p>\n
Another key announcement, earlier during the PM's visit, was Micron Technology, along with India Semiconductor Mission, saying it will build a semiconductor assembly and test facility in Gujarat at a cost of $2.75 billion. <\/p>\n
In space sector, India has signed the Artemis Accords for space exploration. By the end of this year, NASA and ISRO are developing a strategic framework for human spaceflight cooperation. <\/p>\n
PM Modi also met with SpaceX chief Elon Musk in New York on Tuesday. <\/p>\n
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What Amazon, Google, And Microsoft Announced After PM's 'Hi-Tech Handshake' - NDTV<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Joe Biden and PM Modi met with some of the most powerful executives in Silicon Valley on Friday. Continue reading