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SoftBank, OpenAI, and Oracle Unveil $500 Billion AI Infrastructure Project ‘Stargate’ in Historic Partnership

SoftBank Group, OpenAI, and Oracle have revealed plans to launch a groundbreaking $500 billion joint venture aimed at advancing artificial intelligence infrastructure in the United States. The new venture, named “Stargate,” was announced by OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son, and Oracle Chairman Larry Ellison, with President Donald Trump present, who hailed the initiative as the “largest AI infrastructure project in history.”

During the announcement, President Trump emphasized the significance of the project, stating, “This new American company will invest at least $500 billion into AI infrastructure in the United States. You’ll hear a lot about Stargate in the future.”

Son disclosed that the venture will initially deploy $100 billion, with plans to increase the investment to $500 billion for AI-focused projects, such as data centers and physical campuses. Leading companies like Microsoft and Nvidia are also expected to join the initiative, according to Bloomberg.

Altman and Ellison expressed gratitude toward President Trump for his crucial role in the development of the project. Altman commented, “This will be the most important project of this era, and we wouldn’t be able to do this without you, Mr. President.”

The leaders also discussed the transformative potential of AI in healthcare. Altman shared his vision of AI accelerating the cure for diseases, particularly cancer and heart disease, stating, “We will see diseases get cured at an unprecedented rate.” Ellison highlighted the role of AI in developing personalized cancer vaccines, adding that AI could revolutionize early cancer detection and treatment by designing individualized mRNA vaccines in just 48 hours.

LS Digital Launches AI Marketing Stack to Boost Brand Strategies

LS Digital has unveiled its new AI marketing stack, designed to integrate artificial intelligence into its marketing services. This move aims to make AI an essential component across its offerings, helping brands stay competitive with AI-driven tools and strategies. The stack includes key features like Research AI, Generate AI, and Predictive AI, which will provide insights, facilitate campaign creation, and forecast trends, ultimately improving marketing effectiveness. The Research AI tool, which generates valuable market insights and customer behavior analysis, will be available to current clients free of charge for a limited time.

Prasad Shejale, founder and CEO of LS Digital, emphasized that AI is a cornerstone of future marketing success and that the launch is aimed at removing obstacles to AI adoption for brands. The solution is designed to enhance customer engagement, optimize marketing investments, and predict trends. To ensure clients derive maximum benefit from the AI tools, LS Digital will offer training and support.

By embedding AI into its core services, LS Digital seeks to accelerate the adoption of AI-powered marketing solutions across all functions. Venugopal Ganganna, co-founder and chief innovation officer, highlighted the strategic advantages of AI integration, noting that it would help chief marketing officers (CMOs) tackle challenges such as analyzing complex consumer data and developing personalized campaigns. Ganganna also acknowledged LS Digital’s partnership with Quilt for refining the company’s AI capabilities.

LinkedIn Appoints Deepak Agarwal as Chief AI Officer for Second Stint

LinkedIn has appointed Deepak Agarwal as its Chief AI Officer, a move announced by Agarwal on his LinkedIn profile. Agarwal expressed his excitement, stating that this marks his second tenure leading AI at LinkedIn, having previously served as the VP of AI for eight years. During his earlier stint, Agarwal’s team developed groundbreaking AI innovations that continue to underpin many of the company’s AI initiatives today.

In his new role, Agarwal emphasized LinkedIn’s long history of leveraging AI to enhance professional connections, learning, and growth. He highlighted AI’s central role in personalizing experiences for members, empowering businesses, and fostering meaningful professional relationships. Agarwal’s mission as CAIO is to push the boundaries of AI, ensuring innovations are cutting-edge, ethical, inclusive, and empathetic.

Previously, Deepak Agarwal served as Chief AI Officer at Pinterest, where he was also VP of Consumer and Trust Engineering.

India Commits to Partner with European Union to Integrate $24 Trillion Market

Union Minister for Commerce and Industry, Piyush Goyal, met with European Commissioner for Trade and Economic Security, Maroš Šefčovič, for a high-level dialogue in Brussels on January 18-19. This was the first in-person meeting between the two leaders following their introductory video conference in December 2024. The dialogue focused on building a new framework for the India-European Union (EU) strategic agenda, particularly in the areas of trade and investment. According to a statement from the Ministry of Commerce & Industry, the discussions were marked by mutual respect and a keen awareness of each other’s sensitivities, setting the tone for deeper collaboration.

During the meeting, Goyal underscored Prime Minister Narendra Modi’s vision to transform India into a developed nation by 2047. He laid out six key principles to guide the future of the India-EU partnership. First, he highlighted the importance of a relationship based on shared democratic values, aiming to integrate the combined $24 trillion market of India and the EU, which would create unprecedented opportunities for over 2 billion people. Second, Goyal emphasized the need for a fair and equitable trade agenda, focusing on simplifying trade barriers and ensuring that small and medium enterprises, farmers, and fishermen benefit from cost-competitive practices.

Third, Goyal spoke about India’s commitment to promoting high-quality products, aligning with Prime Minister Modi’s call for “zero defect, zero effect” production capabilities. He proposed collaboration with the EU to harmonize standards and exchange best practices. The fourth principle focused on advancing cutting-edge technologies and building resilient supply chains by securing critical raw material supplies and reducing dependence on non-market economies. In the fifth principle, Goyal discussed cooperation on sustainable development, ensuring that trade and development efforts are aligned with the respective levels of development and the principle of common but differentiated responsibility. Lastly, Goyal pointed to India’s young, aspirational workforce as a potential bridge for mutual growth, aiming to foster deeper ties between the two regions.

In their discussions, the two leaders also focused on the development of a new India-EU strategic agenda, instructing their teams to create a mutually beneficial plan for trade and investment. They agreed on the importance of expediting negotiations for a free trade agreement (FTA) to address global challenges. Progress was reviewed in the India-EU Trade and Technology Council (TTC), with both leaders committing to resolving legacy issues and ensuring continuous consultations between senior officials. The meeting was attended by senior officials from both sides, further solidifying the commitment to a long-term partnership.

Niranjan Nilekani Appointed Vice President and Head of BIU & Analytics at Mahindra Group

The Mahindra Group has announced the appointment of Niranjan Nilekani as Vice President and Head of Business Intelligence Unit (BIU) and Analytics. In his new role, Nilekani will lead the company’s analytics initiatives, driving data-driven strategies and fostering innovation across its business verticals.

Nilekani brings over 12 years of extensive experience in the analytics domain, having previously served as Senior Assistant Vice President – Data Science and Analytics at ICICI Lombard. During his tenure, he spearheaded transformative analytics solutions that enhanced operational efficiency and customer engagement in the insurance sector.

Throughout his career, Nilekani has gained recognition for his expertise in analytics across diverse industries, including banking, services, and aviation. He has held leadership positions in esteemed organizations, excelling in areas such as risk analytics, data science, and business intelligence. Known for leveraging advanced statistical tools and techniques, he has consistently delivered strategies that align with business growth and operational excellence.

At Mahindra Group, Nilekani will play a crucial role in integrating analytics into the organization’s vision, further strengthening its commitment to innovation and data-driven decision-making.

Edtech Platform BrightCHAMPS Acquires Edjust to Accelerate Global Growth

BrightCHAMPS, a prominent edtech platform specializing in programming and AI courses for K-12 students, has acquired Indian K12 education marketplace Edjust in a cash-and-stock deal to bolster its global expansion efforts. This marks BrightCHAMPS’s fourth acquisition since its inception in 2020, following Education10x (2021), Schola (2022), and Metamorphosis Edu (2023).

Edjust’s founders will spearhead a new vertical aimed at offering academic subjects such as Math, Science, and English, designed to enhance students’ all-round success and future readiness. The upcoming initiative is expected to leverage Edjust’s robust sales model and introduce immersive digital experiences to parents across 30 countries.

Founded in 2022 by Dushyant Panchal, Anmol Mittal, and Sanjay Panikar, Edjust employs a blend of artificial intelligence, human emotional intelligence, and sophisticated data analytics to identify high-potential edtech users. The company has established a strong presence in the US and UK markets with its innovative approach to connecting parents with edtech solutions.

BrightCHAMPS, led by Ravi Bhushan, currently operates in 30 countries, including the US, Canada, Nigeria, Southeast Asia, and the Middle East. The platform offers a range of courses in coding, financial literacy, and robotics for children aged 6-16. With $63 million raised across two funding rounds, including a $51 million round in November 2021 that valued the company at $500 million, BrightCHAMPS continues to scale its global footprint in the edtech sector.

IDFC FIRST Bank and RuPay Launch FIRST EA₹N Credit Card; UPI-Enabled Gateway to Inclusive Credit

IDFC FIRST Bank, in partnership with RuPay, has unveiled the game-changing FIRST EA₹N RuPay Credit Card, a UPI-enabled, FD-backed virtual credit card designed to make credit more accessible and rewarding. This innovative offering ensures universal eligibility by leveraging a Fixed Deposit as a security, breaking down barriers for first-time credit card users or those with limited credit history. The card is issued instantly online, allowing immediate use for UPI transactions at over 60 million merchants across India. Its seamless integration with UPI revolutionizes the financial services landscape, combining convenience with inclusivity.

The FIRST EA₹N RuPay Credit Card delivers numerous benefits, including up to 1% cashback on UPI transactions made via the IDFC FIRST Bank app and 0.5% cashback on transactions through other UPI apps, along with rewards on insurance, utility payments, and e-commerce purchases. A special launch offer provides new users with 100% cashback, up to ₹500, on their first UPI transaction within 15 days of activation, effectively offsetting the first year’s fees. Additionally, the linked FD offers an attractive 7.25% annual interest, making the card a dual benefit product that encourages both credit building and investment.

The card comes with added protections, including complimentary roadside assistance worth ₹1,399, lost card liability coverage up to ₹25,000, and a ₹2,00,000 personal accident insurance cover, enhancing its value proposition. Shirish Bhandari, Head of Credit Cards, FASTag, and Loyalty at IDFC FIRST Bank, highlighted the customer-centric design of the product, stating, “The FIRST EA₹N RuPay Credit Card empowers first-time credit card users with a gateway to financial services while providing everyday savings and investment growth. It embodies our philosophy of delivering more value to our customers, enabling them to #getmorefromyourbank.”

Google Partners with Maharashtra Government to Establish AI Center of Excellence in Nagpur

Google and the Maharashtra government have signed a significant Memorandum of Understanding (MoU) to establish an Artificial Intelligence (AI) Center of Excellence (CoE) at the Indian Institute of Information Technology (IIIT), Nagpur. This initiative aims to position Maharashtra as a leader in AI-driven innovation and technological advancement.

Announcing the development, Maharashtra Chief Minister Devendra Fadnavis highlighted the transformative potential of AI. He stated that the CoE would tackle real-world challenges while creating valuable opportunities for the youth of the state. The MoU signing took place in Mumbai after a high-level meeting between Fadnavis and Oliver Parker, Vice President of Global Generative AI GTM at Google, with senior officials from both sides participating in the discussions.

The AI CoE is designed to foster research and develop solutions for various sectors, making AI technology more accessible and practical. Chief Minister Fadnavis also revealed plans to establish an “Innovation City” in Maharashtra, which will focus on driving advancements in fields like IT, digital transformation, and gaming. He emphasized that these initiatives would ensure Maharashtra remains at the forefront of technological progress.

Nagpur, already emerging as a technology hub, is set to benefit further from this initiative. Over the years, consistent investments in IT, cloud computing, and digital tools have supported employment growth in the region. The new CoE is expected to strengthen this trajectory and solidify Nagpur’s reputation as a key center for innovation.

Google has reiterated its commitment to deep tech and AI initiatives across India, identifying Maharashtra as a priority area. The establishment of the AI Center of Excellence represents a pivotal step in advancing AI research and development, aligning with the state’s vision to lead in technology and innovation.

Trump Revokes Biden’s AI Risk-Reduction Order, Citing Innovation Concerns

US President Donald Trump on Monday rescinded a 2023 executive order issued by Former President Joe Biden aimed at mitigating risks posed by artificial intelligence to consumers, workers, and national security.

Biden’s directive had mandated AI developers to report safety test results for systems that could impact national security, the economy, public health, or safety. This requirement, grounded in the Defense Production Act, was intended to ensure government oversight before such technologies were publicly released. Additionally, the order tasked federal agencies with setting standards for AI safety testing and addressing potential risks related to chemicals, biological threats, radiological hazards, nuclear concerns, and cybersecurity.

The move to revoke the order aligns with the 2024 Republican Party platform, which criticized the regulation as a barrier to AI innovation. The party emphasized support for AI development that upholds free speech and promotes human well-being.

The rise of generative AI—capable of creating text, images, and videos—has generated both excitement and concern, particularly over job displacement and other societal challenges.

Meanwhile, the Biden administration recently imposed new restrictions on AI chip and technology exports, drawing criticism from industry leaders, including Nvidia. However, Trump allowed a separate executive order to remain intact, which Biden had signed to provide federal support for the energy-intensive AI data centers. This includes leasing federal sites owned by the Defense and Energy Departments to meet the growing energy demands of advanced AI infrastructure.

Donald Trump Sworn in as 47th U.S. President, Promises Sweeping Changes and Bold Leadership

Donald Trump officially assumed office as the 47th President of the United States in a ceremony held inside the Rotunda of the U.S. Capitol. The event, traditionally held on the Capitol’s scenic West Lawn, was relocated indoors due to a frigid weather forecast. Vice President JD Vance also took the oath during the proceedings. Trump’s swearing-in marked the beginning of a presidency determined to reshape the country’s policies and its role on the global stage.

In his inaugural address, President Trump outlined a bold and transformative vision for his administration. Among his key priorities were securing the U.S. southern border by declaring a national emergency and halting illegal immigration. He also pledged to deport millions of undocumented immigrants, emphasizing a firm stance on immigration reform. On energy policy, Trump vowed to make America a leading global energy powerhouse by ramping up oil and gas production, repealing the Green New Deal, and ending electric vehicle mandates to protect the auto industry.

Economic reform was another cornerstone of his speech, with Trump announcing the establishment of an “External Revenue Service” to collect tariffs and taxes from foreign nations, aiming to enrich American citizens and industries. He also highlighted his administration’s commitment to social policies rooted in a merit-based system, including declaring the recognition of only two genders under federal policy.

The new president stressed his intent to rebuild the U.S. military, pledging to reinstate service members expelled due to COVID-19 vaccine mandates and to halt the implementation of “radical social experiments” in the armed forces. Trump also addressed his commitment to protecting free speech, promising to end government censorship and ensure justice under the Constitution.

Pre-inaugural festivities began with members of Trump’s family and allies participating in celebratory events across Washington, D.C. On the eve of his inauguration, Trump addressed a rally at Capitol One Arena, where he vowed to reverse what he called “American decline” with swift and decisive actions. Earlier in the day, he participated in a wreath-laying ceremony at Arlington National Cemetery, honoring fallen soldiers.

In his speech, Trump also touched on international affairs, announcing the return of American hostages from the Middle East and unveiling plans to rename the Gulf of Mexico as the “Gulf of America.” He declared his intention to restore President William McKinley’s name to Mount Denali and to reclaim the Panama Canal from Chinese influence.

Trump concluded his address with a call for unity and ambition, invoking the country’s history of resilience and innovation. “Our golden age has just begun,” he proclaimed, urging Americans to dream boldly and work together to achieve greatness. His first actions in office included signing 80 executive orders to reverse policies from the previous administration, setting the stage for a presidency marked by sweeping changes and an assertive agenda.

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