According to a senior company official, Google intends to focus its Rs 75,000 crore India Digitisation Fund on investing in women-led early-stage startups.
The company had committed $10 billion (approximately Rs 75,000 crore at the current exchange rate at the end of 2020) to make internet access more affordable.
Google India Digitisation Fund (IDF) purchased a 7.73 per cent stake in Jio for $4.5 billion and a 1.25 per cent stake in Bharti Airtel for $700 million.
The company announced several projects powered by artificial intelligence, including speech technology, voice and video search etc.
The company announced a partnership with the Indian Institute of Science in Bengaluru to collect speech data from 773 districts across India in order to improve its language translation and search technology.
Google has announced a $1 million grant to IIT Madras to establish India’s first responsible AI centre.
Categories: Other News