Technology

Technology, Artificial Intelligence,Blockchain, Generative AI,

Business

Business, Automobile, Banking, Energy, Merger & Acquisition, Startups, Telecommunications,

GAMING & GADGETS

Gaming & Gadgets, gadgets, Online Gaming,

SCIENCE

Science

IBM and Yotta Partner to Deliver Secure, Sovereign Agentic AI for Enterprises and Government

IBM and Yotta Partner to Deliver Secure, Sovereign Agentic AI for Enterprises and Government
(L-R) Sandip Patel, Managing Director, IBM India & South Asia; Sunil Gupta, Co-Founder, Managing Director & CEO, Yotta Data Services; Sriram Raghavan, General Manager, IBM Software, India and Software Innovation Lab
  • The collaboration intends to host IBM watsonx Orchestrate on Yotta's Shakti Cloud and bring IBM Sovereign Core to India, enabling enterprises to scale trusted, compliant AI
IBM (NYSE: IBM) and Yotta Data Services Private Limited ("Yotta") today announced plans to enter into a strategic partnership to deliver an Agentic AI platform for enterprises and government organisations in India. The platform is proposed to be built using IBM watsonx Orchestrate and deployed on Yotta's Shakti Cloud, to help organisations scale AI adoption while meeting evolving requirements around data residency, security, and regulatory compliance.

As enterprises move from AI experimentation to operational deployment, there is increasing demand for platforms that can orchestrate AI-driven workflows across business functions while maintaining governance and control. The proposed platform will enable organisations to deploy and manage AI agents across IT service management, HR, finance, procurement, and customer support.

As part of the collaboration, IBM and Yotta also intend to bring IBM Sovereign Core onto Yotta's Shakti Cloud. IBM Sovereign Core, now generally available, is a software platform designed to help organisations build and operate AI-ready sovereign environments — delivering continuous compliance monitoring, verifiable control, and governed AI execution across data, operations, technology, and AI. Together, the two offerings are intended to give Indian organisations a complete foundation for deploying agentic AI at scale, without compromising on compliance or control.

"AI innovation in India must be anchored in sovereignty, security, and performance. Together with IBM, we propose to enable enterprises to harness the power of agentic AI on a secure, India-hosted cloud, so they can innovate with confidence while maintaining control over their data and operations," said Sunil Gupta, Co-Founder, Managing Director & CEO, Yotta Data Services.

Yotta's Shakti Cloud provides scalable GPU infrastructure and AI services designed for Indian enterprises. Combined with IBM watsonx Orchestrate — an enterprise agentic AI platform — the proposed solution is intended to help Indian organisations adopt AI with speed and security, enabling AI-driven orchestration that accelerates time-to-value and streamlines operations across functions.

IBM Sovereign Core: Making Digital Sovereignty Operational

IBM Sovereign Core introduces a new model for operational sovereignty, where governance, compliance, and control are built into the system from the start. IBM defines digital sovereignty across four pillars:

  • Operational Sovereignty — control over how environments are operated
  • Data Sovereignty — control over data at rest, in use, and in motion
  • Technology Sovereignty — open, modular architecture that avoids vendor lock-in
  • AI Sovereignty — control over where models run and how inference is governed. 
IBM Sovereign Core delivers an integrated software platform combining control plane, identity, security, compliance, and AI execution functions within a single deployment model. Key capabilities include a customer-operated control plane, in-boundary identity and encryption, continuous compliance monitoring and evidence generation, preloaded regulatory frameworks, governed AI execution, and an open, modular architecture built on Red Hat OpenShift and Red Hat AI.

By intending to host IBM Sovereign Core on Yotta's Shakti Cloud — an India-based, MeitY-empanelled infrastructure — the partnership aims to deliver a sovereign environment purpose-built for India's regulatory requirements, supporting enterprises and government organisations in meeting data residency mandates, maintaining audit-ready compliance evidence, and deploying AI workloads within defined sovereign boundaries.

"Indian enterprises are increasingly focused on operationalising AI in a way that is secure, governed, and aligned with regulatory expectations. This collaboration will combine IBM's AI capabilities with Yotta's sovereign cloud infrastructure to help organisations scale AI responsibly — embedding sovereignty, governance, transparency, and trust from the outset," said Sandip Patel, Managing Director, IBM India & South Asia.

IBM and Yotta intend to jointly pursue go-to-market initiatives including solution co-creation, proof of concepts, and technical enablement, targeting organisations across BFSI, public sector, manufacturing, and digital-native industries.

About Yotta Data Services Private Limited

Yotta Data Services is a sovereign cloud infrastructure and platform services provider, offering cloud, AI cloud, data centre hosting, connectivity, media tech and cybersecurity services; managed applications; and a wide range of managed IT services. Yotta operates its cloud regions at its hyperscale data centre parks in Panvel (Navi Mumbai) and Greater Noida (Delhi NCR). Yotta's homegrown, open-source-based Sovereign hyperscale cloud, Yntraa, is MeitY empanelled (VCC and GCC). Yotta has also launched Shakti Cloud, a platform providing enterprises with a comprehensive suite of AI services including AI labs, AI workspaces, Shakti Studio AI Inference platform, access to NVIDIA NIM services, and Kubernetes clusters with GPU resources. Yotta is the only NVIDIA Cloud Partner (NCP) across the APAC region to be part of the NVIDIA Exemplar cloud initiative and is one of only six Reference Architecture Platform NCPs globally. For more information, visit www.yotta.com.

About IBM

IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.

Tata Power, Bhutan & World Bank Drive $515M Clean Energy Boost with Dorjilung Project

Tata Power, Bhutan & World Bank Drive $515M Clean Energy Boost with Dorjilung project

Bhutan has signed $515 million in financing agreements with the World Bank, alongside Tata Power, to build the 1,125 MW Dorjilung Hydroelectric Power Project—its largest hydropower initiative, expected to generate one-third of the nation’s electricity and boost GDP by 2.4%.

Project Overview

  • Capacity: 1,125 MW
  • Location: Kurichhu River, eastern Bhutan
  • Annual Generation: Over 4,500 GWh of clean electricity
  • Completion Target: 2031
  • Economic Impact: Expected to raise Bhutan’s GDP by 2.4%

Financing & Structure

  • Total Project Cost: $1.7 billion
  • World Bank Financing: $300M from IDA (includes $150M grant), $215M from IBRD, up to $300M from IFC
  • Public-Private Partnership: Druk Green Power Corporation (60%) and Tata Power (40%)
  • Private Sector Catalyzation: Expected to mobilize $900M additional financing

Regional Impact

  • Exports to India: Nearly 80% of annual generation
  • Carbon Reduction: Displacement of 3.3 million tons of CO₂ annually
  • Energy Security: Reduces winter imports, provides surplus summer power for export

Economic & Social Benefits

  • Jobs: Direct and indirect employment opportunities
  • Sectors Boosted: Manufacturing, tourism, and small businesses
  • Revenue Use: Export revenues reinvested in health, education, and infrastructure

Leadership Statements

  • Dasho Tshering Tobgay, PM of Bhutan: “This project is a cornerstone of Bhutan’s 13th Five-Year Plan… advancing our carbon-negative commitment.”
  • Johannes Zutt, World Bank VP South Asia: “The financing model sets a new standard for sustainable infrastructure development.”
  • Dr Praveer Sinha, CEO Tata Power: “This landmark project will strengthen regional energy security and deepen India–Bhutan clean energy cooperation.”

Key Takeaways

  • Bhutan’s largest hydropower venture under PPP
  • Model for sustainable financing with minimal sovereign debt exposure
  • Transforms Bhutan’s energy sector, reinforces carbon-negative status
  • Deepens regional clean energy trade with India

Samsung Joins $1 Trillion Club as AI Chip Boom Powers Record Surge

Samsung Joins $1 Trillion Club as AI Chip Boom Powers Record Surge

Samsung has officially crossed the $1 trillion market capitalization milestone, becoming only the second Asian company after TSMC to achieve this valuation. The surge was fueled by record-breaking Q1 2026 earnings, AI-driven chip demand, and investor optimism.
  • Date of milestone: First crossed on February 26, 2026, confirmed by FactSet data.
  • Market cap surge: Shares jumped 15% on May 6, 2026, cementing the valuation.
  • Q1 2026 earnings:
    • Operating profit: 57.2 trillion won (~$42B), up 8x year-on-year.
    • Revenue: 133.9 trillion won (~$98B), a record high.
    • Profit in Q1 alone exceeded full-year 2025 profit (43.6 trillion won).
  • Stock performance: Samsung’s shares nearly quadrupled over the past year, driven by AI chip demand.

Drivers Behind the Rally

DriverDetails
AI Memory BoomDemand for HBM chips surged; Samsung began mass production of HBM4 chips in Feb 2026, supplying Nvidia’s Vera Rubin AI architecture.
Apple Partnership SpeculationApple held exploratory talks with Samsung and Intel to diversify chip production beyond TSMC.
Market MomentumSouth Korea’s Kospi index crossed 7,000 for the first time on May 6, 2026, lifted by Samsung and SK Hynix.
  • Global Context: Samsung is the second Asian firm after TSMC to hit $1T. SK Hynix holds ~55% of the HBM market vs Samsung’s ~25%.
  • Risks & Challenges: Competition from SK Hynix, supply chain uncertainty with Apple talks, and volatility in AI demand.
In short, Samsung’s $1 trillion valuation reflects a structural shift in the semiconductor industry, driven by AI memory demand and strategic positioning in global supply chains.

Reliance Takes Aim at Space: Jio to Launch India’s Own Starlink Rival

Reliance Takes Aim at Space: Jio to Launch India’s Own Starlink Rival

Reliance Industries is preparing a multi‑billion‑dollar push into satellite communications via Jio Platforms, aiming to build India’s answer to Starlink with a constellation of low earth orbit (LEO) satellites. Mukesh Ambani is personally spearheading the project, which is already in advanced planning stages.

Key Highlights of Reliance’s Satellite Communications Entry

  • Investment Scale: Multi‑billion‑dollar commitment focused on LEO satellites.
  • Platform: The satellite arm will be housed under Jio Platforms (JPL).
  • Leadership: Mukesh Ambani is leading the initiative, supported by senior executives.
  • Project Teams: Six specialized teams are working on satellites, launches, payloads, user terminals, and regulatory filings.
  • Regulatory Moves: Reliance has begun discussions with India’s Department of Telecommunications (DoT) to file orbital slots with the International Telecommunication Union (ITU).
  • Timeline: Targeting rollout within 2–4 years, positioning Reliance against Starlink, Amazon Kuiper, and OneWeb.

Strategic Importance

  • Domestic Capability: India’s government is keen to reduce reliance on foreign satcom providers.
  • Global Competition: China has filed for 200,000 satellites across multiple LEO constellations.
  • Connectivity Impact: LEO satellites enable high‑speed, low‑latency internet, vital for rural and remote areas.

Comparison: Reliance vs Global Players

CompanyFocus AreaInvestment ScaleTarget MarketTimeline
Reliance (Jio Platforms)LEO satellitesMulti‑billion USDIndia + Global2–4 years
Starlink (SpaceX)LEO satellites$10B+GlobalOperational
Amazon KuiperLEO satellites$10BGlobal2026–27
OneWeb (Eutelsat)LEO satellites$3B+Global (gov & enterprise)Operational

Risks & Challenges

  • Regulatory hurdles: Spectrum allocation and orbital slot approvals.
  • Capital intensity: Multi‑billion‑dollar upfront investment with long payback cycles.
  • Global competition: Starlink already operational with thousands of satellites.
  • Technology partnerships: Reliance is in talks with satellite tech firms.

What This Means for India

  • Boost to Digital India: Potential to bridge the rural‑urban digital divide.
  • Strategic autonomy: Reduces dependence on foreign satellite networks.
  • Industrial synergy: Complements Reliance’s telecom dominance.

CNN Founder Ted Turner Dies at 87, His 24-Hour News Legacy Shaped India’s Media Boom

CNN Founder Ted Turner Dies at 87, His 24-Hour News Legacy Shaped India’s Media Boom

Ted Turner, the legendary founder of CNN and pioneer of the 24-hour news cycle, has died at the age of 87. His passing marks the end of an era in global media, as he reshaped television news, sports, and entertainment.

Key Facts About Ted Turner

  • Date of death: May 6, 2026
  • Age: 87
  • Cause of death: Not disclosed (Turner had revealed in 2018 that he suffered from Lewy body dementia)
  • Major achievements:
    • Founded CNN (Cable News Network) in 1980, the world’s first 24-hour news channel
    • Built Turner Broadcasting System (TBS), launching channels like TNT, Cartoon Network, and Turner Classic Movies
    • Owned the Atlanta Braves and marketed them as “America’s Team”
    • Created the Goodwill Games in 1986
    • Donated $1 billion to the United Nations and co-founded the Nuclear Threat Initiative

Legacy in Media

  • CNN’s Impact: Revolutionized news delivery by making information available around the clock, influencing competitors like Fox News and MSNBC
  • Entertainment Expansion: Acquired MGM/UA film library, merged Turner Broadcasting with Time Warner in 1996
  • Cultural Influence: Known for bold moves, outspoken comments, and nicknames like “Captain Outrageous” and “Mouth of the South”

Philanthropy & Environmentalism

  • United Nations Donation: $1 billion pledge in 1997 remains one of the largest individual contributions in history
  • Environmental Efforts: One of the largest landowners in the U.S., Turner advocated for conservation and sustainable ranching
  • Nuclear Threat Initiative: Co-founded in 2001 to reduce global nuclear risks

Quick Timeline of Turner’s Career

YearMilestone
1970Bought Atlanta TV station, beginning media empire
1977Briefly managed Atlanta Braves
1980Launched CNN
1986Started Goodwill Games
1996Merged Turner Broadcasting with Time Warner
1997Donated $1 billion to UN
2001Co-founded Nuclear Threat Initiative

Controversies

  • Outspoken personality: Frequently criticized for controversial remarks on politics and religion
  • Corporate struggles: Lost control of Turner Broadcasting after Time Warner merger
  • Health challenges: Publicly revealed Lewy body dementia diagnosis in 2018

Why This Matters Globally

  • For India: Turner’s CNN model influenced Indian news channels like NDTV and Aaj Tak, which adopted 24-hour formats
  • Media industry impact: His innovations continue to shape how breaking news is consumed worldwide, including digital-first platforms

Market Reports

Market Report & Surveys
IndianWeb2.com © all rights reserved