{"id":22720,"date":"2024-04-10T02:19:08","date_gmt":"2024-04-10T02:19:08","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/10\/building-ai-compute-capacity-via-marketplace-model-paytms-upi-share-dips\/"},"modified":"2024-04-10T02:19:08","modified_gmt":"2024-04-10T02:19:08","slug":"building-ai-compute-capacity-via-marketplace-model-paytms-upi-share-dips","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/10\/building-ai-compute-capacity-via-marketplace-model-paytms-upi-share-dips\/","title":{"rendered":"Building AI compute capacity via marketplace model; Paytm\u2019s UPI share dips"},"content":{"rendered":"
\"Building<\/div>


\n<\/p>\n

Happy Wednesday! A marketplace model will help the government\u2019s initiative to make more AI compute capacity available in India to startups. This and more in today\u2019s ETtech Morning Dispatch.<\/p>\n

Also in the letter:<\/span>
\u25a0 Cornerstone Ventures\u2019 $200 million fund
\u25a0 ETtech Done Deals
\u25a0 Senior Dell exec on AI-enabled devices<\/p>\n

\n

AI compute mission best served by marketplace model: experts<\/p>\n

<\/p>\n

<\/div>\n

Industry experts have recommended that the government’s initiative to provide substantial artificial intelligence (AI) compute capacity can be best delivered through a marketplace model<\/a>. In this, private entities would compete to offer hardware, cloud solutions, and other relevant services, while the government assumes the role of an enabler.<\/p>\n

What\u2019s happening:<\/span> In early March, the union cabinet approved a Rs 10,372-crore India AI Mission<\/a> that aims to build AI computing infrastructure of at least 10,000 graphics processing unit (GPUs) through public-private partnerships in five years. <\/p>\n

Experts believe that instead of spending money acquiring and installing GPUs, the government could simply acquire compute capacity from hyperscalers and offer it at subsidised rates.<\/p>\n

\"AI<\/div>\n

Tell me more:<\/span> Tanuj Bhojwani, head of people+ai, a non-profit initiative by EkStep Foundation, told ET, \u201cThe government can do a pooled procurement negotiation on behalf of the Indian ecosystem and let the private players buy at that rate.\u201d <\/p>\n

Backing startups:<\/span> The government should back startups and research institutions by offering AI compute capacity or other managed services at subsidised pricing, Anushree Verma, a director analyst with the emerging technologies and trends group at Gartner said.<\/p>\n

Also read |<\/span> People+ai readies blueprint for digital public infrastructure for open compute<\/a><\/p>\n

\n

Paytm UPI share drops further in March; PhonePe, Google Pay show gains<\/p>\n

<\/p>\n

\"Vijay<\/div>\n

Paytm founder Vijay Shekhar Sharma<\/em><\/p>\n

Digital payments major Paytm has reported a slight drop in Unified Payments Interface<\/a> (UPI) transactions in March, as per data by the National Payments Corporation of India (NPCI).<\/p>\n

Fine print:<\/span> In March, Paytm processed around 1.2 billion UPI transactions, down slightly from 1.3 billion in February and 1.4 billion in January of this year, data released by the NPCI shows.<\/p>\n

\"Top<\/div>\n

Rivals climb:<\/span> The volume count increased for its two larger peers PhonePe and Google Pay. <\/p>\n