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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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US Chipmaker Intel Eyes AI on ‘Edge Computing’

It is designed to accelerate AI tasks, particularly ones like image processing, delivering performance up to six times the power efficiency of existing processors

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Intel on Wednesday unveiled eight additional 10th Gen Intel Core processors for modern laptop computing.
Intel on Wednesday unveiled eight additional 10th Gen Intel Core processors for modern laptop computing. Pixabay

US chipmaker Intel Corp. has said that it will focus on “edge computing” that could hold the key to the success of artificial intelligence (AI) in the future.

Edge computing refers to the practice of storing data on computers located near cell towers and other network equipment to improve network response times. It is different from today’s Cloud-based system, where information is sent to a distant data centre, Yonhap news agency reported on Wednesday.

“Forty-three per cent of AI tasks will be handled by edge computing in 2023,” Kwon Myung-sook, CEO of Intel Korea, said in a statement during a forum in Seoul.

“AI devices empowered with edge function will jump 15-fold.”

The expansion of computing at the edge is an important growth opportunity for the chip giant — an estimated $65 billion market by 2023, Intel said.

Huawei, Atlas 900, World
The future of computing is a massive market worth more than two trillion US dollars. Pixabay

More AI is being incorporated into edge devices, from Internet of Things (IoT) devices to smartphones, as AI algorithms improve, according to the company.

“Innovation in edge computing has become necessary where data is most produced,” Kwon said. “It is why Intel is preparing a platform solution that can cover both hardware and software.”

Intel said AI will support and provide new services in eight key industries, including smart cities, robots and gaming.

Also Read: India Ranked 5th Worst Country For Use of Biometric Data: Comparitech Report

In order to do so, Intel said it will launch the next-generation Movidius Vision Processing Unit next year.

It is designed to accelerate AI tasks, particularly ones like image processing, delivering performance up to six times the power efficiency of existing processors. (IANS)