Jio Platforms Partners Confluent To Fuel GenAI Use Cases In India - Related to launches, capital, €50m, genai, partners

Harnessing cloud and AI to power a sustainable future

Data from a poll conducted by MIT Technology Review Insights in 2024 implies growing momentum for this dynamic duo: 38% of executives polled say that cloud and AI are key components of their enterprise’s sustainability initiatives, and another 35% say the combination is making a meaningful contribution to sustainability goals (see Figure 1).

This enthusiasm isn’t just theoretical, either. Consider that 45% of respondents identified energy consumption optimization as their most relevant use case for AI and cloud in sustainability initiatives. And organizations are backing these priorities with investment—more than 50% of companies represented in the poll plan to increase their spending on cloud and AI-focused sustainability initiatives by 25% or more over the next two years.

This content was produced by Insights, the custom content arm of MIT Technology Review. It was not written by MIT Technology Review’s editorial staff.

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Nina Capital launches €50M fund for early-stage healthtech

Healthtech investor Nina Capital has presented the first close of its €50M Fund III. Contributors to the fund include Boston-based wealth management firm Seven Two Partners, professional family offices, foundations, corporations, and individuals across Europe and the United States.

"Healthcare is at the forefront of a transformative era, where groundbreaking innovations are creating immense opportunities for both patient impact and investors," unveiled Andrew Macken, Managing Partner at Seven Two. "For the best outcomes in this complex industry, we believe that it is crucial for managers to find great founders who are working on solving these significant problems and for those managers to help these businesses grow. We are impressed with the work that Marta and her team have accomplished and excited to see what Nina Capital has in store to reshape the future of healthcare.”.

With Fund III, Nina Capital plans to establish a new investment portfolio spanning Europe, North America, Israel, and, for the first time, Australia. Investments will span from pre-seed to Series A with initial checks ranging from €250,000 to €[website] and reserves to support portfolio companies through follow-on funding.

The firm has already made its first Fund III investment: Sonar Mental Health, a US-based mental health platform that assists students through a combination of AI and human-led support. It plans two more investment in early 2025.

"Healthcare is at the forefront of a transformative era, where groundbreaking innovations are creating immense opportunities for both patient impact and investors," showcased Andrew Macken, Managing Partner at Seven Two.

"For the best outcomes in this complex industry, we believe that it is significant for managers to find great founders who are working on solving these significant problems and for those managers to help these businesses grow. We are impressed with the work that Marta and her team have accomplished and excited to see what Nina Capital has in store to reshape the future of healthcare.”.

Jio Platforms Partners Confluent To Fuel GenAI Use Cases In India

On Jio Cloud Services, Confluent will cover all key aspects of streaming service – streaming, connecting, processing and governing data.

This collaboration is set to boost India’s digital infrastructure, as data streaming plays a pivotal role in enabling real-time analytics and GenAI.

Confluent Cloud will be available on Jio Cloud Services, allowing businesses in India to start using data streaming seamlessly.

Jio Platforms Limited has partnered with California-based data streaming enterprise Confluent to drive the development of real time and GenAI use cases in India.

As part of the agreement, Confluent Cloud will be available on Jio Cloud Services, allowing businesses in India to start using data streaming seamlessly.

This collaboration is set to boost India’s digital infrastructure, as data streaming plays a pivotal role in enabling real-time analytics and GenAI advancements, .

“We’re on the precipice of rapid transformation in India, and data streaming is a must-have for businesses to stay ahead of consumer trends, including advancements in AI,” expressed Kiran Thomas, president and chief executive at Jio Platforms Limited.

On Jio Cloud Services, Confluent will cover all key aspects of streaming service – streaming, connecting, processing and governing data.

Confluent Platform will be offered as a managed service for both consumers and enterprises in India, including the public sector, ensuring enterprise-grade security and governance to manage large scale data securely.

lately, at the inaugural AI Action Summit held in Paris, Indian Prime Minister Narendra Modi called for a need of global collaboration to establish governance and standards that uphold shared values.

“India is building its own large language model (LLM), considering its diversity. We are developing AI applications for public good. We have the world’s largest AI talent pool,” the PM claimed.

India’s bid to build its own LLM was first revealed by union minister Ashwini Vaishnaw, who in recent times revealed that India plans to build its own foundational AI model in the next 10 months.

The minister also unveiled that the government will make available 18,000 high-end GPU-based compute facilities for AI development to entities across the country in the next couple of days, which will enable the development of the AI model.

While the country’s leader focussed on the benefits that humanity can extract from AI, the Indian Economic Survey 2024-25 highlighted the immense job disruption threat the tech can pose on the country’s job market.

Highlighting researches from the International Monetary Fund, the International Labour Organisation, Goldman Sachs, among others, the Economic Survey mentioned that AI-led automation can prove to be challenging for the Indian economy and the labour market.

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The funding comes weeks after it raised INR [website] Cr ($[website] Mn) from its extended Series A funding round by issue of CCPS.