Google invests in allied domains in India, to finance early-stage women-led startups Google, as a company, has been investing in various domains in Indian economy and the global tech firm will soon begin to focus on investing in early-startups led by women. According to a senior executive of the company, Google will do it through India Digitisation Fund of Rs 75,000 crore.
The company had pumped in USD 10 million which is about Rs 75,000 crore in the prevailing exchange rate at the end of 2020 in order to make internet access affordable. The company has also picked up a share of 7.73 per cent stake in Jio for about $4.5 billion along with a 1.2 per cent stake in Bharti Airtel for $700 million.
However, moving forward, the company will be target at supporting early-stage startups that are led by women in particular. The same was announced by Google India at the Google for India event. Not stopping there, Google India has announced several projects that will be powered by AI that will include speech technology along with voice and video search, etc.
While translations from English to any language will be possible, AI will enable conversion of text into video almost instantaneously. The company feels AI can also take online safety to a new level through advanced threat detection.
Google also announced its collaboration with Indian Institute of Science that is based in Bengaluru to better its language translation feature and search technology. It also announced a grant of $1 million to AI centre at IIT Chennai.