7 updates: latest first. 6 selected specifically for Executives.
Sarvam launched the original vision model in February as part of its efforts to build homegrown, "sovereign" AI systems tailored to India. The model was designed to read scanned documents and images and convert them into usable digital text, a task known as optical character recognition (OCR).
Happy Monday! The next set of investments under India’s semiconductor scheme are expected to begin in the next six months, IT minister Ashwini Vaishnaw told us. This and more in today’s ETtech Morning Dispatch.
The three-member team from cybersecurity firm Hacktron AI included chief technology officer Mohan Pedhapati, along with researchers Harsh Jaiswal and Rahul Maini.
Andhra Pradesh has approved four data centre projects involving Rs 2.83 lakh crore in proposed investment and nearly 3,498 MW of power capacity.
Aum Ventures has raised Rs 225 crore in the first close of its Rs 750 crore India Innovation Fund II, targeting early-stage Indian deeptech startups across space, semiconductors, AI, defence and advanced manufacturing.
AI infrastructure and data-centre company Yotta Data Services raised roughly $150 million in primary capital at a ~₹37,000 crore valuation. Yotta plans to scale its AI cloud to over 40,000 Nvidia Blackwell GPUs within four months and around 85,000 GPUs by fiscal year-end — positioning it among the largest AI compute platforms outside the US and China.
Layoffs.fyi data shows AI-led global tech layoffs hit 1.28 lakh employees by July 1, 2026 — already exceeding all of 2025. India accounts for 7.16% of the global total, the second-highest share after the US. Within India, education (21.67%) and finance (14.73%) saw the largest share of AI-linked job cuts.