Through its Rs 75,000 crore ‘India Digitization Fund,’ Google would invest in early-stage firms driven by women.
There is positive news for women working in the country’s startup business. Especially for women who are low on income or need money to build their business. Google will meet these requirements.
Indeed, Google will focus its Rs 75,000 crore ‘India Digitization Fund’ on investing in early-stage firms driven by women. This information was provided by a top business executive on Monday.
To provide inexpensive Internet connection, the business has established a $ 10 billion ‘India Digitization Fund (IDA)’ (about Rs 75,000 crore).
Google IDF purchased a 7.73 percent share in Jio for $4.5 billion and a 1.2 percent stake in Bharti Airtel for $700 million.
Sanjay Gupta, Country Manager and Vice President, Google India, during the ‘Google for India’ event, stated, ‘Women-led startups will be given special consideration. As part of our IDF investments in the future, we will assist early-stage enterprises, with a specific emphasis on women-led startups.”
The corporation has unveiled various artificial intelligence-based projects, including speech technology, voice and video search.
“With artificial intelligence, textual information can be instantaneously translated into video, and translation from English to any language would be conceivable,” Gupta added.
To obtain speech data, the business collected data from 773 districts in India. A partnership with the Indian Institute of Science in Bangalore has also been announced.
The firm will enhance its language translation and search technologies with the use of this data. Google has given a $1 million donation to IIT Madras to establish India’s first AI centre.