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Fortune India
India
Приєднався 27 січ 2021
FORTUNE India, the leading business magazine & website, is India's premium, one-stop destination for all that matters in the world of business.
What's Jio’s '15-cent data advantage' in AI? Mukesh Ambani reveals to NVIDIA’s Jensen Huang
Reliance Industries Limited (RIL) chairman Mukesh Ambani, in a fireside chat with NVIDIA CEO Jensen Huang at the NVIDIA AI Summit in Mumbai today, said apart from the U.S. and China, India has the best digital connectivity infrastructure of 4G, 5G and broadband in the world. "Jio took India from No. 158 in the world to No. 1 in the world in 8 years. We, as a single company, didn't know anything about this domain. But today, we are the largest data company in the world, with volumes equivalent to AT&T, T-Mobile and Verizon combined."
Ambani says his telecom company, Jio Infocomm delivers data at 15 cents per GB compared to the U.S., which pays $5 per GB and the global average data cost of $3.5 per GB. "At Jio, we delivered about 16 Exabytes of data this year," he says.
Huang, while speaking about Prime Minister Narendra Modi, says he "loved" it when he met the PM the first time and he asked him to address this cabinet about AI. "And I was so surprised. It was literally the first time any government leader, any national leader asked me to address his cabinet on this particular topic."
Huang says he got inspired by the Indian PM when, around six years ago, he told Huang that AI could "elevate" the entire population of India. "There are so few people in the world who know how to program a computer. Programming is not easy. Here in India, it's the largest population of any programmers in the world."
The CEO of the world's biggest chip-making company says AI could be put into the hands of every citizen, and it would elevate everyone.
Mukesh Ambani also thanked Meta CEO Mark Zuckerberg, saying his name will be in history for making its AI model Llama 3 an open source. "This move of Mark will be written in the history when we look at it a hundred years from now. From an Indian point of view, we can use Llama as a base model. It allows all of us to develop on top of a state-of-the-art model. And surely then we can fine-tune, train, retrain, and do everything else. I am sure there is somebody in this audience who will have in the future an Indian model, which might be 10X of Llama."
Ambani says his telecom company, Jio Infocomm delivers data at 15 cents per GB compared to the U.S., which pays $5 per GB and the global average data cost of $3.5 per GB. "At Jio, we delivered about 16 Exabytes of data this year," he says.
Huang, while speaking about Prime Minister Narendra Modi, says he "loved" it when he met the PM the first time and he asked him to address this cabinet about AI. "And I was so surprised. It was literally the first time any government leader, any national leader asked me to address his cabinet on this particular topic."
Huang says he got inspired by the Indian PM when, around six years ago, he told Huang that AI could "elevate" the entire population of India. "There are so few people in the world who know how to program a computer. Programming is not easy. Here in India, it's the largest population of any programmers in the world."
The CEO of the world's biggest chip-making company says AI could be put into the hands of every citizen, and it would elevate everyone.
Mukesh Ambani also thanked Meta CEO Mark Zuckerberg, saying his name will be in history for making its AI model Llama 3 an open source. "This move of Mark will be written in the history when we look at it a hundred years from now. From an Indian point of view, we can use Llama as a base model. It allows all of us to develop on top of a state-of-the-art model. And surely then we can fine-tune, train, retrain, and do everything else. I am sure there is somebody in this audience who will have in the future an Indian model, which might be 10X of Llama."
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India saved pilferage of $40 bn with DBT in 8 yrs: FM Sitharaman
Переглядів 2247 годин тому
Finance Minister Nirmala Sitharaman, who’s on a seven-day visit to the U.S., during a talk at Wharton Business School, University of Pennsylvania, said over 51 ministries and departments in the central government deal with direct benefit transfers (DBT) and over $450 billion have been transferred cumulatively in the last 8 years, which has saved pilferages worth $40 billion in this period. "Big...
India’s 'double AI power' to create opportunities for youth: PM Modi
Переглядів 8412 годин тому
Prime Minister Narendra Modi, during the NDTV World Summit 2024 in New Delhi today, said India has the advantage of "double AI power" the first AI, Artificial Intelligence and the second AI, Aspirational India. He says when the power of Aspirational India and Artificial Intelligence combine, it is natural for the pace of development to be faster. "Artificial intelligence is not just a technolog...
Owners are dreamers...professional leaders balance life and business
Переглядів 3214 годин тому
When you have an expectation or goal and when you achieve that goal you certainly get a feeling of success, says Deepak Mehta, chairman and managing director of Deepak Nitrite. "As soon as you are content, you want to climb the next peak and, that is one way of keeping you constantly motivated," he says. To build a professional organisation, Mehta says one has to choose the right team which, is...
Founders may have ethics but need good governance: Sanjiv Mehta
Переглядів 184День тому
Entrepreneurs (both legacy and start-up founders) are often faced with the dilemma of when to let go. Sanjiv Mehta, former MD, Hindustan Unilever (currently executive chairman, L. Catterton India), says it is important for entrepreneurs to understand when and how to let go. “The skills you require to grow the business from 0-10, the skills you require for taking the business from 10 to 100 and ...
Leadership is putting care and compassion at centre: Sanjiv Mehta
Переглядів 39День тому
The Vuca (volatility, uncertainty, complexity and ambiguity) world has made the role of a leader complex. According to former HUL MD, Sanjiv Mehta (currently executive chairman, L. Catterton India), leaders of today have to be ready to face any crisis throughout the extended enterprise. “It requires leaders to rethink assumptions of constancy, build adaptive capacity, robustness and resilience ...
Visionary industrialist who strove for society's greater good: Nita Ambani
Переглядів 2,2 тис.День тому
Reliance Foundation chairperson Nita Ambani, RIL chairman Mukesh Ambani, their family, and RIL leadership and employees paid tributes to late Tata Group chairman Ratan Tata at the Reliance Industries Annual Diwali dinner on Tuesday. Nita Ambani called him a 'Great Son of India', who always strove for Society's greater good. "Four days ago, we lost a great son of India. The passing of Mr Ratan T...
'Atma Nirbhar' on AI critical for Viksit Bharat: Akash Ambani
Переглядів 191День тому
Reliance Jio Infocomm chairman Akash Ambani, on the first day of the 8th edition of the four-day India Mobile Congress 2024 summit, said India must embrace the "Atma Nirbhar" (self-reliance) approach in adopting AI and that the Centre must update the 2020 draft of the Data Centre Policy to ensure Indians' data remains within the country. AI is the most revolutionary tool of transformation, says...
Teams responsible for delivery of goals must be empowered: Sanjiv Puri
Переглядів 64День тому
What is the most crucial element in building and maintaining a high-performing organisational culture? According to Sanjiv Puri, chairman, ITC, an organisation needs to have a shared vision, where every employee understands and comprehends the vision and is aligned to it. “The teams responsible for delivery of business goals must be empowered. They should have the resources to deliver - not jus...
Strategy must place stakeholder at centre: Sanjiv Puri
Переглядів 132День тому
ITC chairman Sanjiv Puri believes in the simplicity of strategy. When he articulated the ITC Next strategy in 2018, the idea was to identify future-proof vectors across its FMCG, agri, paperboards, and hotel businesses by keeping consumers and stakeholders at the centre. “Strategy needs to be consistent with the objectives and with the path that has been followed in the past…. very rarely do st...
IPO-bound Hyundai Motor to launch four EVs: Creta first by March: COO Garg
Переглядів 4914 днів тому
Hyundai Motor India looks to launch full electric vehicle (EV) models in both mass and premium segments with a localised supply chain, says Chief Operating Officer (COO) Tarun Garg in an interaction with Fortune India. The company has already announced the introduction of four EVs in India, starting with the Creator EV, which will be launched in the fourth quarter of the current financial year ...
IPO for second phase of growth in India: Hyundai’s Tarun Garg
Переглядів 6414 днів тому
Hyundai Motor India, which is operating in the country for more than 26 years, aims to localise operations and become the most trusted brand in India, says Tarun Garg, Chief Operating Officer (COO) of Hyundai Motor India in an interaction with Fortune India as the auto major gears up to launch its IPO on October 15. “We believe now is the right time to further Indianise our operations. And the ...
To call Ratan Tata a 'business leader' would be narrow definition: Titan's Venkat
Переглядів 5714 днів тому
C.K. Venkatraman, managing director of Tata Group-led Titan Company, during his interview for Fortune India's Best CEOs 2024 issue this month, had admired former chairman Ratan Tata for his leadership. Tata passed away at 86 at a Mumbai hospital after a prolonged illness on Wednesday. A business icon, Ratan Tata was instrumental in taking the Tata group to new heights. In his latest interview w...
Police band pays tribute to Ratan Tata at his Colaba residence
Переглядів 7014 днів тому
The funeral of Ratan Tata, draped in the national flag, is being held today in Mumbai. His mortal remains are at the NCPA lawns for public viewing from 10 AM to 3:30 PM. A guard of honor was held at his Colaba residence, with the Mumbai Police and their band paying tribute. The final journey to the Worli crematorium will begin at 4 PM, where the last rites will be performed, overseen by his hal...
Indian outfits, jewellery are back with a vengeance in U.S.: Titan Company MD
Переглядів 1814 днів тому
Titan Company MD C.K. Venkataraman, talking about the unique aspects of the Tata Group company's international foray in 2022, said Indians today abroad, especially in the U.S., are different than more than a decade back. He also explained why its international business failed to take off in 2006-2007. "We had an erroneous view in 2,006, that Indians in the U.S., will get assimilated into the Am...
Covid period was most challenging: Sharvil Patel, MD, Zydus Lifesciences
Переглядів 47914 днів тому
Covid period was most challenging: Sharvil Patel, MD, Zydus Lifesciences
Shareholder returns, low debt make me content: Naveen Jindal
Переглядів 43214 днів тому
Shareholder returns, low debt make me content: Naveen Jindal
TVS Motor will launch electric motorcycles: Sudarshan Venu
Переглядів 4914 днів тому
TVS Motor will launch electric motorcycles: Sudarshan Venu
Execution of vision, shared goals key: Sharvil Patel, MD, Zydus Lifesciences
Переглядів 4114 днів тому
Execution of vision, shared goals key: Sharvil Patel, MD, Zydus Lifesciences
Most important role of CEO is capital allocation: Dixon's Atul Lall
Переглядів 12314 днів тому
Most important role of CEO is capital allocation: Dixon's Atul Lall
'Titan to be a lifestyle products company in 3-4 yrs': Venkataraman
Переглядів 48014 днів тому
'Titan to be a lifestyle products company in 3-4 yrs': Venkataraman
ABB India direct beneficiary of railway, metro upgrade: Sanjeev Sharma
Переглядів 3514 днів тому
ABB India direct beneficiary of railway, metro upgrade: Sanjeev Sharma
Emerging data centre ecosystem a sweet spot: ABB India's Sanjeev Sharma
Переглядів 4914 днів тому
Emerging data centre ecosystem a sweet spot: ABB India's Sanjeev Sharma
Fortune India 40Under40 Awards 2024: Tune in at 7:30 PM on September 21 & 22 on ETNow
Переглядів 79Місяць тому
Fortune India 40Under40 Awards 2024: Tune in at 7:30 PM on September 21 & 22 on ETNow
India promises more stability to FIIs than China: Radhika Gupta
Переглядів 45Місяць тому
India promises more stability to FIIs than China: Radhika Gupta
Influencers luring investors to F&O: Radhika Gupta
Переглядів 132Місяць тому
Influencers luring investors to F&O: Radhika Gupta
Stay away from pickle and chutney stocks, SME IPOs, microcaps, and Futures & Options
Переглядів 96Місяць тому
Stay away from pickle and chutney stocks, SME IPOs, microcaps, and Futures & Options
Mr. Agnishwar, I appreciate your contribution to the Drones India via Garuda Aerospace by making Indian rural and urban youth more successful and esp., farmers of India are moving towards sustainable farming with Garuda Agri Drones. Kudos! You're the Elonmusk of "Drone industry" with Drone technology in India. Congratulations and all the best 🎉
💚🛕➕Histry ♟️‼️Econamics 💎Love🌜➕🌚⚖️💘Ratan Tata💕☂️🎼🎤🎵♥️ni🫲📖💕✍️
Jai Shree Ram ♥️🚩🇮🇳♥️
Naseer kham I got his phone number
Sir, I have invested and I have not received any refund. My total investment was Rs. 35,000 but I have not received any refund and they are saying that I will get Rs. 61950 after depositing it. Which system is this?
Bhai kaaash ki mota aaj jinda hota
Now u understand why entrepreneurs are 10x investors!!
Mam nmskar.i want to be a rich man please tell what are parameters to be ?
fooling investors pro max
today I saw him first time🎉
Sir good company
Wow..very impressed Agni 👏👏
❤❤❤❤❤❤❤
That's why he is the king
V ❤❤❤
1st, hehe
CHINA is super power
when you interview someone like him, do it professionally, this interview adds no value to people who want to learn.
I like her very much
Very candid and knowledge driven. Thanks Sir 👍
Wonderful achievement by Mr Agnishwar Jayaprakash.
Agni team is passionate towards a remarkable goal in Drone technology ... Glad to see his growth
Great
Congratulations Agni.Proud of you .May you have more and more success in life.
Congratulations Brother I Blessing grow your company in world
Froad company
Great Agni. Fabulous achievement and growth within a very short span of time. Continue to inspire all the young Indians. Congratulations ❤
It's great to know the achievements of Garuda....amazing Progress, Products n Programs. Best wishes to all in the team.
wonderful agni. great achievement. god bless you
Great sir, congrats 🎉
Great sir
Great sir
Great achievement. Well done Garuda team. Inspiring Achievement
Great achievements. Very proud of what you are doing. God bless you
One day soon, you'll be someone's turning point . . . If you aren't already
Great going Agni keep it up 🎉
🎉🎉 Great Sir, Really inspiring... Congratulations 🎊 👏 💐
Big achievement and great help for the development of the country. So proud of you. 👍
Congratulations.💐💐💐
Great.. Congratulations.. You are our great Inspiration..to all of us..at Agni..
Wonderful achievement Agnishwar Jayaprakash. Keep rocking 👍
Love prithvi. So cute child. ❤❤.
हिंदी में बताएं कीजिए अंग्रेजी इतनी ठीक नहीं है हमारी
Wow congratulations 👏 Much inspiring & visionary leader of Agnishwar 👌🙂 All the best for your wonderful future endeavours 💐
Super 👍
Super 👍
Super 🥳
🎉🎉🎉❤❤❤
❤🎉
Good luck