Zoho’s made-in-India server; Exponent Energy secures Rs 200 Cr
The Nathu La server, based on Intel Xeon 6 Processors, is designed to optimise performance for virtualisation (VM), High Performance Computing (HPC), AI inference, and storage applications.
Hello,
India’s existing laws for information technology were framed much before the emergence of Artificial Intelligence (AI), Union Minister Ashwini Vaishnaw said on Tuesday, adding that he believes a new legal framework may be required to deal with the changing landscape.
His comments come at a time when policymakers across the globe are grappling with challenges posed by generative AI, including deepfakes, misinformation, and online harms. India has been tightening IT rules to firmly crack down on AI deepfakes.
Elsewhere, the race to power AI data centres is seeing the emergence of unlikely players. American automotive manufacturer GM has unveiled its plans for an energy-storage system, reports TechCrunch.
Speaking of AI, Meta has made its first AI infrastructure deal in India. It has partnered with Reliance to build and scale AI infrastructure that serves developers, enterprises and everyday consumers across the country.
Lastly, India’s workplaces are changing. Many women in India silently carry the burden of a pregnancy loss at the workplace, fearing professional consequences if they speak about their experiences, a study by engineering services company Quest Global reveals.
In today’s newsletter, we will talk about
- Zoho’s made-in-India server
- Exponent Energy secures Rs 200 Cr
Here’s your trivia for today: Mt. Blanc is the highest peak in what mountain range?
News
Zoho’s made-in-India server
Chennai-based SaaS company Zoho has launched its indigenously designed server named Nathu La.
The rollout marks a new development in the company’s journey of building a full technology stack from hardware layers to software applications.
Key takeaways
- The new server was built at its Nagpur centre, which was set up in 2020 to work on R&D projects.
- The Nathu La server, based on Intel Xeon 6 Processors, is designed to optimise performance for virtualisation (VM), High Performance Computing (HPC), AI inference, and storage applications.
- According to Zoho, India's digital infrastructure is expanding at an unprecedented pace. However, the server technology underpinning that infrastructure has historically been sourced from abroad, with Indian enterprises paying royalties and licensing fees to foreign entities.
<Funding alert>
Startup: Exponent Energy
Amount: Rs 200 Cr
Round: Undisclosed
Startup: Hoola Health
Amount: $5M
Round: Undisclosed
Startup: Mygate
Amount: Rs 225 Cr
Round: Undisclosed
News
Exponent Energy secures Rs 200 Cr
Exponent Energy has raised Rs 200 crore ($21.1 million) in a round co-led by 360 ONE Asset, an asset manager, and TDK Ventures, the corporate venture arm of Japan’s TDK.
Hitachi Ventures, the venture arm of Hitachi, also joined the round, while existing backers including Eight Roads Ventures, Lightspeed, 3one4 Capital, AdvantEdge VC and YourNest participated again.
Key takeaways:
- The Bengaluru-based full-stack energy company focuses on rapid charging for commercial electric vehicles.
- The company describes itself as an 'energy partner' for original equipment manufacturers (OEMs), which are the vehicle makers themselves.
- Exponent claims its platform can deliver full charge in 15 minutes. It offers a 3,000-cycle life warranty using standard lithium ion cells.
News & updates
- At the top: Eli Lilly is the current leader in the obesity drugs market. Lilly last weekend presented more detailed data from trials of its once-weekly injection retatrutide, confirming to investors and clinicians that its experimental drug is likely to offer the greatest weight loss prospects than any other pills in the market or under development.
- Market: Both gold and silver were among the assets firmly in negative territory on Wednesday, as fears about inflation and the Federal Reserve’s interest rate path weighed on investor sentiment.
Mt. Blanc is the highest peak in what mountain range?
Answer: The Alps
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