The business purchased a 7.73% share in Jio for $4.5 billion and a 1.2% stake in Bharti Airtel for $700 million through its India Digitization Fund.
Via its Rs 75,000-crore India Digitization Fund, GoogleTM will concentrate on funding women-led early-stage enterprises, a top corporate executive announced on Monday.
In an effort to lower the cost of internet connection, the business proposed a $10 billion initiative at the end of 2020, or around Rs 75,000 crore depending on the currency rate.
The business purchased a 1.2% interest in Bharti Airtel for $700 million and a 7.73% share in Jio for $4.5 billion through the India Digitization Fund (IDF).
“Going forward, we will be focusing on support for early-stage companies as part of our IDF investments, with a particular focus on women-led startups,” Google India Vice President and Country Manager Sanjay Gupta stated at the Google for India event in New Delhi.
The business unveiled a number of artificial intelligence (AI)-driven initiatives, including as voice and video search and speech technologies.
“Text material may instantly be converted to video using AI… Large-scale translations from English into almost any language are feasible. Through sophisticated threat identification, AI may significantly improve online safety “added Sanjay.
The business announced a partnership with the Indian Institute of Science, situated in Bengaluru, to gather voice data from 773 Indian districts in order to improve its search and language translation systems.
Additionally, a $1 million grant was announced to establish the first responsible AI center in India at IIT Madras.