Press Release

NeevCloud launches the country's first Made in India AI SuperCloud

Published

1 year ago

November 21, 2023

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To deploy 40,000 GPUs and AI cloud infrastructure worth $1.5 billion by 2026
Set to democratize access to AI & Supercomputing for enterprises and startups by providing the world’s lowest prices for Cloud GPUs at $1.69/hour

BANGALORE, India, Nov. 21, 2023 /PRNewswire/ — NeevCloud, has today announced the launch of the country’s first AI SuperCloud. The company aims to make India self-reliant on AI and Supercomputing and help users in resolving India’s core challenges by deploying AI cloud infrastructure including 40,000 GPUs and storage worth $1.5 billion by 2026.

MeitY’s India AI 2023 report expects AI to add USD 967 billion to the Indian economy by 2035 and $450-500 billion by 2025 accounting for 10% of the $5 trillion GDP target by 2027. MSMEs are expected to be the major contributors to the growth in India, however there are challenges in terms of affordability, billing, transparency, and personalized support.

NeevCloud aims to solve these challenges and democratize access to AI and supercomputing for all enterprises, startups by introducing ‘AI Supercomputing as a Service’ model and providing the world’s lowest prices for Cloud GPUs at $1.69/hour reducing costs by up to 50%. It can enable companies to leverage Generative AI and deploy Large Language Models (LLM) across various use cases capable of solving India’s unique challenges.

About the launch, Narendra Sen, Founder & CEO, NeevCloud, said, “At NeevCloud, we envision a future where India not only leads but empowers the world with innovative technology. Our mission is to democratize AI cloud computing, making it accessible to all enterprises and startups across India, and fostering the growth of Made in India AI. Our AI SuperCloud stands as a testament to Indian innovation, and we believe our journey has the potential to power not only our nation, but users across the world who need cutting-edge but affordable cloud solutions to power their AI and ML workloads. Our aim is to create next-generation cloud infrastructure in India that will fuel the vision of making India into a $5 trillion economy.”

According to IDC, India’s public cloud services market is expected to reach $17.8 billion by 2027, and NeevCloud aims to secure a 25% market share.

“The growth of AI and Generative AI applications and high-performance cloud computing is adding to the increasing demand for data centers in India that can support these workloads. The data center industry is evolving to provide specialised solutions to meet these demands driven by AI, cloud computing, and digital transformation. Rearchitecting the data center industry to meet these needs can lead to better optimization and value creation in the data center industry,” said Rachit Mohan, APAC Lead, Data Center Leasing & India Lead, Data Center Transactions, JLL.

Unlocking Opportunities with NeevCloud

NeevCloud began its journey by solving a fundamental issue plaguing the data center industry when it came to AI and HPC workloads. Existing data center infrastructures are inefficient at handling demanding workloads of AI, ML, and HPC projects, which can consume up to a staggering 80KwH of power, starkly contrasting the typical 10-20KwH of power used for regular workloads. This power-intensive environment leads to excessive heat generation, causing operational complications, and rising operating costs.

To tackle this problem, NeevCloud created an entirely indigenous patented solution: Varuna, a groundbreaking liquid immersion cooling system. Varuna’s technology efficiently addresses high rack density heat concerns by submerging servers in a coolant, resulting in a remarkable reduction of Power Usage Effectiveness (PUE) from 1.5 to 1.05, achieving exceptional sustainability. This not only resolved the heat issue but also had a cascading effect, reducing cooling costs by an astounding 90% and overall expenses by a significant 50%.

NeevCloud can also enable confidential machine learning by creating SuperClusters that directly allocate to the BFSI, automotive, and healthcare organizations. It has the potential to assist businesses of all scales, research institutions, and diverse industries in advancing their AI strategies.

NeevCloud aims to solve fundamental customer problems in India related to accessibility, environmental impact, support, self-reliance, and fostering innovation in cloud and AI technologies within the Indian market. It can help companies accelerate the development of high-performance computing use cases of AI/ML like fraud detection, algorithmic trading and risk modeling in the financial services industry; high-resolution medical imaging, genomics and sequencing, and drug discovery in the healthcare industry. In the automotive industry, it can facilitate the development of autonomous driving, design and manufacturing, and predictive maintenance.

Made in India, Made for the World

NeevCloud isn’t just redefining India’s technological landscape; it’s reshaping the future. With results delivered at 10x speed which is possible with NeevCloud’s AI SuperCloud and a 50% cost reduction, the lowest in the world for Cloud GPUs. NeevCloud leverages Tier IV data centers and also focuses on reducing carbon emissions. Moreover, it sets itself apart with round-the-clock personalized human support, transparent billing practices, and a robust arsenal of enterprise-grade hardware.

Leading the Charge for Sustainability

NeevCloud remains committed to sustainability and helping clients meet their ESG goals. It operates its data centers using clean energy and striving towards clean and carbon-neutral operations. NeevCloud aims to set up data centers in Mumbai, Chennai, Hyderabad, and Noida and plans to achieve 100% clean energy across all of them.

About NeevCloud

Established by a passionate and driven team of Indian cloud experts, with two decades of experience in the cloud industry, NeevCloud stands as India’s first AI SuperCloud. Envisioning a future where India is self-reliant in cloud and AI technology, NeevCloud is on a mission to empower ‘Made in India‘ AI, extending the reach of AI cloud computing to enterprises and startups across the nation.

NeevCloud offers a comprehensive suite of services, encompassing accelerated AI cloud clusters, each meticulously designed to meet the intricate IT demands of government entities, large and small enterprises, research pioneers, and a wide array of industries. Its foundation rests upon cutting-edge technology, including the deployment of advanced GPUs, coupled with an entirely indigenous innovation, the Varuna liquid immersion cooling system. NeevCloud is unwavering in its commitment to sustainability, operating its data centers using clean energy and striving towards clean and carbon-neutral operations.

The company is aligned with the country’s Digital India, Make in India, and Aatmanirbhar Bharat initiatives and India’s goal of becoming self-reliant in the cloud.

Media Contacts:

Komal Chawla

[email protected]

+91 9082064540

Shreya Laghate

[email protected]

+91 8600909703

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Press Release

New Study Reveals Majority of Indians Prioritize Nutrition Over Taste, Surpassing Global Average

Published

11 months ago

May 31, 2024

Newsvoir

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Based on a recent survey of urban Indian consumers:

Nine out of 10 consumers are searching for protein-rich food compared to seven out of 10 global shoppers.

The top four qualities consumers look for when buying snacks are (1) natural, (2) heart-healthy, (3) protein-rich and (4) energy-source, all of which come before satisfying cravings.

Nuts have emerged as one of the most popular snacking choices, with 86% of Indian shoppers report having purchased them in a span of 6 months.

Urban Indians read nutrition labels more than the global average, reflecting a growing trend towards informed purchasing.

69% of urban dwellers surveyed have the opinion that plant-based protein is just as good as meat-based protein, exceeding the global average of 55%.

Wonderful Pistachios, the world’s largest grower and processor of pistachios and distributor of California Pistachios in India, released today, World Nutrition Day, the findings of a new global study that sheds light on the snacking habits of urban Indians. The study, commissioned with Material, a leading global research consultancy, included 10 countries and over 12,400 respondents, revealed a new behavioural trend that urban Indian consumers prioritize nutrition over taste when it comes to snacking. This growing preference for healthy snacking emphasizes the importance of good nutrition for overall well-being.

For the India market specifically, the study delved into the snacking habits of 2,415 shoppers across six Indian cities, which represented a population of approximately 35.9 million consumers. Remarkably, a majority of urban Indians (58%) reported basing their food purchasing decisions on nutritional benefits more than taste, exceeding the global average of 52%. Delhi and Ahmedabad lead with over 60% of urban shoppers preferring nutrition in their food. Bengaluru and Chennai follow closely, indicating a nationwide shift towards smarter snacking preferences. In India, Millennials and Gen Z are leading the charge in health-conscious purchasing decisions, with more than 83% of consumers in these age groups reading nutritional labels before buying.

Indian consumers prioritize four key factors when shopping for nutritional snacks: natural (free of artificial colours and preservatives), heart-healthy, protein-rich, and provides energy. Nine out of 10 urban shoppers consciously seek protein-rich food options, compared to the global average of seven out of 10. The focus on nutrition has fueled the rise of nuts as a preferred snack choice, becoming essential to daily eating habits. The study found a staggering consumption of nuts, with 86% of Indian shoppers report purchasing them in a span of 6 months, compared to just 75% globally. With 6g of protein in per 28g serving, California Pistachios are a smart snack choice that provides benefits without sacrificing taste.

Shail Pancholi, Country Director, India, Wonderful Pistachios, commented on the study, saying, “Nuts were traditionally used as garnishes and consumed during festivals, but have now become a popular snack in India, indicating a notable shift in dietary habits. Pistachio consumption in India has doubled in the last six years, as consumer awareness of the nutritional benefits that pistachios offer has grown. Consumers are discovering that pistachios are naturally cholesterol-free, rich in plant-based protein and dietary fiber, and provide over 30 different vitamins and minerals.”

Interestingly, the study found that nuts are the second most preferred snack among urban Indian consumers, with 64% of Baby Boomers and 59% of Gen Z prioritizing nutrition over taste when selecting food. This indicates a growing focus on health across generations, with Baby Boomers focusing on senior wellness and Gen Z reflecting the rise of mindful purchasing. Though on opposite ends of the age spectrum, these two generations take the lead in seeking protein-rich options, as well as preferring natural snacks.

Mumbai tops most of the consideration sets when choosing a snack. Residents opt for natural ingredients (35% vs. the national average of 30%), heart-healthy options (33% vs. 30%), and protein (33% vs. 29%). Chennai residents look for energy-boosting snacks (31% vs. the national average of 29%).

The fact that 69% of urban Indians surveyed have the opinion that that plant-based protein is just as good as meat-based protein reflects a positive shift towards varied dietary preferences. Pistachios are a good source of high-quality complete protein, containing all nine essential amino acids. A 28g serving of pistachios provides 6g of protein, which is 11% of the recommended daily allowance (RDA) according to FSSAI.

The Wonderful Pistachios study unveils a compelling shift in Indian snacking habits. Nuts are evolving from festive treats to a daily snacking staple, fueled by a nationwide preference for more nutritious options. The trend transcends generations, resonating with Gen Z and Baby Boomers alike, underscoring the growing importance of mindful eating in urban India. As consumers increasingly seek natural, heart-healthy, protein-rich, and energy-boosting snacks, the future of Indian snacking appears to be firmly rooted in nutrition and well-being.

Wonderful Pistachios

Wonderful® Pistachios is the world’s largest grower and processor of pistachios, with a global presence in over 70 countries. As a vertically integrated operation, they are experts in every step of the process from tree to shelf, ensuring the highest-quality product every time. In tandem with its Grower Partners, Wonderful Pistachios harvests 125,000 sunny acres (50,000 hectares) of land in California that receive warm days and cool nights, which work in harmony with the rich, natural soils to create the perfect growing climate for high-quality pistachios. They ship 600 million pounds (204 million kg) of nuts worldwide from their advanced processing facilities to ensure the highest standards are met. When it comes to pistachios, Wonderful® Pistachios expertise is unmatched in scale and capacity, paired with warehouses and sales teams worldwide that are well-equipped to provide support at every step of the way.

California Pistachios

California Pistachios are grown and distributed by The Wonderful Company, the world’s largest vertically integrated pistachio processor and marketer located in California’s Central Valley. California Pistachios are Non-GMO, providing a smart, healthy choice for consumers around the world. Sun-ripened in the moderate Mediterranean climate of California, these distinctively green nuts pack taste and contain antioxidants and over 30 different nutrients. California Pistachios in India are available under leading brands and private labels at retail outlets, grocery stores, and online platforms.

For more information about California Pistachios India, please visit www.b2b.wonderfulpistachios.com

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Press Release

Singapore Prepares Ahead to Leverage Artificial Intelligence for a Better Future

Published

11 months ago

May 31, 2024

PR NEWSWIRE

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SINGAPORE, May 31, 2024 /PRNewswire/ — Senior Minister of State for Communications and Information Tan Kiat How launched the Digital Enterprise Blueprint (DEB) at Asia Tech x Singapore (ATxSG) 2024 today. The Blueprint will enable SMEs to harness technology, optimise the way they work, and strengthen digital resilience and cybersecurity across the ecosystem. 50,000 SMEs are expected to benefit over the next five years through four key focus areas:

Empower enterprises to be smarter by adopting AI-enabled solutions
Enable enterprises to scale faster through cloud-based and integrated solutions
Equip enterprises to be safer through improved cyber resilience
Support enterprises to upskill workers to make full use of digital capabilities

Seven partners have come onboard to pledge their commitment, including Singapore Business Federation, Singapore Computer Society, SGTech, Amazon Web Services, Google, Microsoft and Salesforce.

In collaboration with IMDA and the TechSkills Accelerator for ITE and Polytechnics Alliance, SGTech is launching the Tech Apprenticeship Programme to expand the career pathways of graduates by providing access to industry apprenticeships that offer on-the-job training and development opportunities. Over the next two and a half years, SGTech aims to facilitate the placement of at least 300 apprentices who are fresh or mid-career professionals from polytechnic or ITE backgrounds, and drive the adoption of similar practices that promote more inclusive hiring and career agility.

IMDA and the Singapore Academy of Law (SAL) signed an MoU aimed at uplifting the legal sector’s productivity through the use of GenAI. As part of this partnership, GPT-Legal, a new large language model which is contextualised for Singapore’s legal sector, will be co-developed. The model will be integrated into SAL’s research platform LawNet, which is accessible by 75% of Singapore’s lawyers. SAL will also be penning an MoU with the National University of Singapore and AI Singapore to develop its AI capabilities and create a certification to recognise AI specialists in the legal profession.

Additionally, Tribe and Digital Industry Singapore announced a collaboration with NVIDIA to launch the Ignition AI Accelerator for AI startups to create and bring to market the next wave of advancement in AI solutions. This programme will nurture 15 high-potential startups, equipping them with well-rounded support covering business and technical needs. NVIDIA and Tribe will also collaborate with EnterpriseSG to offer qualified AI startups funding support through the Startup SG Tech scheme, and assist them through the IMDA Accreditation process.

Singapore hosted the final meeting of the UN Secretary-General’s Artificial Intelligence Advisory Body (AIAB) from 28-29 May. As part of the agenda, Singapore facilitated an engagement session between AIAB and the Digital Forum of Small States (Digital FOSS). Digital FOSS Fellows exchanged views with AIAB members on the topic of AI governance, particularly on the implications and challenges faced by small states. Through such efforts, Singapore aims to promote a more inclusive approach towards shaping global AI and digital governance.

Contact:

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Press Release

One in Six Globally Concerned About Colorectal Cancer Screening Costs

Published

11 months ago

May 31, 2024

PR NEWSWIRE

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SHENZHEN, China, May 31, 2024 /PRNewswire/ — By 2040, the burden of colorectal cancer (CRC) is projected to increase to 3.2 million new cases and 1.6 million deaths per year representing a 66% and 71% rise in new cases and deaths respectively relative to 2020.

To better address the global burden of CRC and reduce its impact, BGI Genomics has launched the second edition of its global CRC awareness report, covering 1,938 respondents from Brazil (306), China (367), Poland (300), Saudi Arabia (300), Thailand (362), and Uruguay (303):

CRC Screening Gaps Vary Globally: Nearly half (49.3%) of global respondents have never undergone CRC screening, with the highest proportions in Saudi Arabia (62.0%) and Poland (61.0%).

Preference for Fecal Testing Over Colonoscopy: Although colonoscopies are more recognized (33.4%), fecal tests at healthcare facilities are preferred (31.8%), reflecting a trend towards non-invasive methods.

Cost and Fear are Determinants of Screening Choice: Fear of colonoscopy (18.2%) and screening costs (17.7%) are major barriers to CRC screening. Poland (24.7%) and Uruguay (21.0%) show the highest fear of colonoscopy, while Thailand (24.5%) and Brazil (20%) indicate the most concern about costs.

Medical Advice and Family History Drive CRC Screening: Doctor’s recommendations are a major driver for CRC screening (30.5% globally), with Uruguay showing the highest adherence (44.1%). Additionally, those with a family history of CRC are more proactive in screening (64.5%), compared to the general population (35.0%).

Prof. Varut Lohsiriwat from Mahidol University offers his insights to this report. He suggested: “The essence of effective cancer screening lies in the acceptance and adherence of the patient to the screening method. The best screening method is the one that the patient accepts and adheres to because that’s the method that will actually benefit them.”

Dr. Zhu Shida, BGI Genomics Deputy GM, notes: “At BGI Genomics, we focused our efforts on developing advanced molecular biology testing techniques to close the gap [between acceptance and accessibility]. The ultimate goal is to transform colorectal cancer from a life-threatening disease into a manageable condition through widespread, early screening and intervention.”

For more region-level comparisons, access the full BGI Genomics 2024 State of CRC Awareness Report.

All data involved in this report come from the results of an online survey project conducted by BGI Genomics. It only surveys awareness related to colorectal cancer and does not involve personally identifiable data.

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