Nvidia had loudly protested a last-minute move by the Biden administration in January to expand AI chip restrictions beyond adversaries like China to more than 100 other countries, including Singapore. But it remains to be seen if Trump will follow through with or drop those proposed rules.
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Friday, January 31, 2025
OpenAI launches o3-mini, its latest AI reasoning model
Sam Altman, OpenAI’s chief executive, announced the launch on X, calling it a “smart, fast model” available on both ChatGPT and the API.
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Top startup and tech stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
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‘India AI mission GPU hourly pricing aggressively low’
India's AI mission GPU tender saw aggressive bidding, with average prices at Rs 115.85 per GPU hour, far below the global average of $2.5-3. Bidders like Jio, E2E, NxtGen, Locuz, and CtrlS quoted low rates, raising concerns among competitors about global clients demanding similar pricing.
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Thursday, January 30, 2025
India preps low-cost AI push; PB Fintech’s financials
Happy Friday! The government formally began its push to build a foundational AI model on Thursday. This and more in today’s ETtech Morning Dispatch.
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‘Budget champ India can pull another DeepSeek on global AI': Vishal Sikka
Vishal Sikka, former CTO of SAP and CEO of Infosys, in an exclusive interview with ET, urges India to actively participate in the AI race, not just build applications but also develop foundational and sovereign models. He emphasizes the importance of local data and languages, citing DeepSeek's cost-effective approach. Sikka highlights AI's current limitations, particularly energy inefficiency, while acknowledging India's resource-constrained innovation capabilities.
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Wednesday, January 29, 2025
Footwear startup CHK raises $2.5 million from Accel, Bluestone, others
DealShare cofounder Sankar Bora’s company, based in Bengaluru, will deploy the funds to boost output and bolster R&D in the run-up to its public launch in April.
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