Reliance And Nvidia To Build AI Infrastructure In India

By Kapil Rajyaguru

Reliance And Nvidia To Build AI Infrastructure In India.

Mukesh Ambani-owned Reliance and Nvidia, a leading US-based company in Artificial Intelligence computing has announced a joint attempt in building AI infrastructure in India. The announcement was made by CEO Jensen Huang during a chat session with Mukesh Ambani at the Nvidia AI Summit 2024 on Thursday.

In addition to the partnership with Reliance, Nvidia Corp.’s CEO announced on Thursday that the company is establishing partnerships with major Indian companies, including Infosys, highlighting India’s significance to the AI pioneer’s future, reported Bloomberg.

Nvidia plans to assist Tech Mahindra in developing a Hindi large language model and collaborate with Flipkart on conversational customer service. It will also work with healthcare companies to improve patient care and research productivity.

Dutch Ministry Seeks Public Opinion on New Crypto Tax Laws.

The Dutch government is seeking public feedback on proposed laws aimed at aligning its crypto tax monitoring rules with EU regulations to enhance transparency. These laws would require crypto service providers, such as exchanges, to collect and share user data with the tax authority, thereby preventing tax avoidance.

 The Ministry of Finance emphasized that existing obligations for crypto owners to file tax returns will remain unchanged. The new bill will also facilitate data sharing between EU countries, ensuring a more equitable finance sector and helping governments capture lost tax revenues. Feedback is due by November 21, with a bill submission planned for 2025.

Microsoft Shareholders to Vote on Potential Bitcoin Investment as Board Urges Caution.

 Microsoft’s upcoming shareholder meeting on December 10 is shaping up to be a closely watched event. The tech giant’s board of directors (BOD) and shareholders are facing a proposal for the company to invest in Bitcoin.

 According to a Securities and Exchange Commission (SEC) filing released late Thursday, the “Assessment of Investing in Bitcoin” has been proposed as an official voting item. This has sparked anticipation in both tech and financial circles, including crypto.

Crypto Exchange Kraken to Launch Its Own Blockchain Next Year.

Following over a decade of operating as one of the largest digital asset trading platforms, the United States-based crypto exchange Kraken has decided to launch its own blockchain. A Bloomberg report disclosed that Kraken’s network would likely go live in early 2025.

The new blockchain, dubbed Ink, would be designed primarily for decentralized applications enabling users to trade, lend, and borrow cryptocurrencies without intermediaries.

Ink will be a layer-2 (L2) network built on the Optimism Superchain, which powers an ecosystem of blockchains built on a common standard codebase that shares Ethereum’s security, governance, and values.

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