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Karnataka approves nine IT projects to generate more jobs

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Bengaluru: The Karnataka government on Monday cleared nine IT projects with a combined investment of Rs.3,097 crore, including a proposal by global chip maker Intel’s Indian subsidiary.

The state high-level clearance committee, chaired by Chief Minister Siddaramaiah, cleared four major IT projects, with combined investment of Rs.2,957 cores, while the single window clearance cell, chaired by IT Minister S.R. Patil, cleared five projects with the combined investment of Rs.140 crore,

Intel will invest Rs.1,100 crore to set up its second computer software development centre and hardware design services facility in the city’s southeast suburb with job potential for 3,000 engineers.

Velankani Electronics Ltd will invest Rs.1,130 crore in the electronics city to expand its capacity to make electronic products and generate jobs for 2,400 people.

Saltire Developers Ltd to invest Rs.463 crore for setting up a special economic zone (SEZ) for IT/IT-enabled services with job potential for 25,000 people.

Amin Properties will invest Rs.265 crore to set up a SEZ at Devanahalli near the city’s airport for IT/IT-enabled services with job potential for 8,000 people.

The five other IT projects are from Alisa Agency (Rs.14 crore), Regen Environ Management Services (Rs.7 crore), Itwine Technologies (Rs.7.5 crore), Sol Biz Consulting Ltd (Rs.16.5 crore) and Hical Technologies (Rs.95 crore) with a combined job potential for 1,355 people.

The approvals come two days ahead of the global investors meet (GIM) from Wednesday in the city to attract global investments in diverse sectors.

(Inputs from IANS)

(Picture Courtesy: finalreport.in)

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Intel, Facebook Working Together on New Cheaper AI Chip

Intel and Alibaba, together with partners, aim to deliver the first AI-powered 3D athlete tracking during the Olympic Games Tokyo 2020

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Intel and Facebook are working together on a new cheaper Artificial Intelligence (AI) chip that will help companies with high workload demands.

At the CES 2019 here on Monday, Intel announced “Nervana Neural Network Processor for Inference” (NNP-I).

“This new class of chip is dedicated to accelerating inference for companies with high workload demands and is expected to go into production this year,” Intel said in a statement.

Facebook is also one of Intel’s development partners on the NNP-I.

Navin Shenoy, Intel Executive Vice President in the Data Centre Group, announced that the NNP-I will go into production this year.

The new “inference” AI chip would help Facebook and others deploy machine learning more efficiently and cheaply.

Intel began its AI chip development after acquiring Nervana Systems in 2016.

Fake News, Facebook, dating
Intel, Facebook working on cheaper AI chip. VOA

Intel also announced that with Alibaba, it is developing athlete tracking technology powered by AI that is aimed to be deployed at the Olympic Games 2020 and beyond.

The technology uses existing and upcoming Intel hardware and Alibaba cloud computing technology to power a cutting-edge deep learning application that extracts 3D forms of athletes in training or competition.

“This technology has incredible potential as an athlete training tool and is expected to be a game-changer for the way fans experience the Games, creating an entirely new way for broadcasters to analyse, dissect and re-examine highlights during instant replays,” explained Shenoy.

Also Read- Twitter India Celebrates Rising Women Achievers

Intel and Alibaba, together with partners, aim to deliver the first AI-powered 3D athlete tracking during the Olympic Games Tokyo 2020.

“We are proud to partner with Intel on the first-ever AI-powered 3D athlete tracking technology where Alibaba contributes its best-in-class cloud computing capability and algorithmic design,” said Chris Tung, CMO, Alibaba Group. (IANS)