Subscribe to enjoy similar stories. A succession of executive orders by the outgoing and the new presidents of the United States have left India’s artificial intelligence (AI) and semiconductor businesses and the nation’s policymakers worried. It only underscores the need for locally developed core technologies for economic prosperity, while relying on diplomacy to tide over the immediate risk.
On 14 January, former president Joe Biden signed an executive order segregating nations as friendly, neutral and hostile to protect US-designed chips that power global innovation in AI. India was ranked as a neutral, limiting the number of chips that can be bought by India from US-origin companies such as Nvidia. And on 21 January, newly sworn-in president Donald J Trump Jr announced Stargate, a company that Trump said will build “the largest AI infrastructure project in history… to power the next generation of AI".
Oracle chairperson Larry Ellison, along with OpenAI and SoftBank chiefs Sam Altman and Masayoshi Son, were key stakeholders, committing $100-billion investments upfront—with pledges to scale it up to $500 billion. Their objective is to operate and distribute a network of computing infrastructure through America-wide data centres. In India, concerns about access to AI tech reflected in the share slump of domestic new-age tech companies.
Read more on livemint.com