Indian billionaire Gautam Adani plans to build AI company that will compete with Microsoft and Google.

Gautam Adani, a 61-year-old Indian billionaire, plans to create an artificial intelligence company to compete with Microsoft Corp. and Alphabet Inc.'s Google, which are investing heavily in the field.<br><br>The Adani Group will spearhead the venture, he said at a conference in Abu Dhabi. Adani has appointed a former executive of Microsoft and Google as the chief executive of the new company.<br><br>The venture marks a significant shift for Adani, who has made his fortune in industries such as coal, ports and renewable energy.<br><br>It also highlights the growing interest in AI in India, where companies like Infosys Ltd and Tata Consultancy Services Ltd have also invested in the technology.<br><br>Adani's move is a sign of the growing competition in the AI space, where tech giants like Microsoft and Google are vying for dominance. Amazon.com Inc and NVIDIA Corp are also key players in the field.<br><br>The new company will focus on using AI to enhance the operations of Adani's existing businesses, which include ports, airports and renewable energy.<br><br>It will also develop AI-based products and services for clients in industries such as healthcare, finance and transportation.<br><br>Adani has not disclosed the investment amount for the venture, but said it will be "substantial".<br><br>The billionaire's plans come as India is pushing to become a major player in the global AI industry.<br><br>The government has launched several initiatives to promote AI research and development, and companies like Infosys and TCS have established AI research centers.<br><br>Adani's venture is seen as a significant boost to India's AI ambitions, and could help the country compete with other major AI hubs like the US and China.<br><br>The new company will be based in Bengaluru, India's tech capital, and will have a team of over 100 researchers and engineers.<br><br>Adani has appointed a former Microsoft and Google executive as the CEO of the company, who will oversee its operations and strategy.<br><br>The company will focus on developing AI-based solutions for various industries, including healthcare, finance and transportation.<br><br>It will also work on enhancing the operations of Adani's existing businesses, which include ports, airports and renewable energy.<br><br>Adani's move into AI is seen as a significant shift for the billionaire, who has made his fortune in industries like coal, ports and renewable energy.<br><br>However, it marks a growing trend of Indian companies investing in AI, as the technology becomes increasingly important for businesses and industries around the world.<br><br>India's government has also recognized the potential of AI, and has launched several initiatives to promote AI research and development.<br><br>Companies like Infosys and TCS have established AI research centers, and the country is home to several AI startups.<br><br>Adani's venture is seen as a major boost to India's AI ambitions, and could help the country compete with other major AI hubs like the US and China.<br><br>BENGALURU: Billionaire Gautam Adani on Tuesday announced plans for an artificial intelligence company that will compete with Microsoft Corp. and Alphabet Inc.'s Google, capitalizing on growing interest in the technology in India.<br><br>The Adani Group will lead the effort, Adani said at a conference in Abu Dhabi. Adani has named a former executive from Microsoft and Google as CEO of the new company.<br><br>The venture marks a significant departure for Adani, who has built his fortune in industries such as coal, ports, and renewable energy.<br><br>It also highlights the growing interest in AI in India, where companies like Infosys Ltd. and Tata Consultancy Services Ltd. have invested in the technology.<br><br>Adani's move is a sign of the growing competition in the AI space, where tech giants like Microsoft and Google are vying for dominance. Amazon.com Inc. and NVIDIA Corp. are also key players in the field.<br><br>The new company will focus on using AI to improve the operations of Adani's existing businesses, which include ports, airports, and renewable energy.<br><br>It will also develop AI-based products and services for clients in industries like healthcare, finance, and transportation.<br><br>Adani has not disclosed the investment amount for the venture but said it will be "substantial."<br><br>The billionaire's plans come as India is pushing to become a major player in the global AI industry.<br><br>The government has launched several initiatives to promote AI research and development, and companies like Infosys and TCS have established AI research centers.<br><br>Adani's venture is seen as a significant boost to India's AI ambitions, and could help the country compete with other major AI hubs like the US and China.<br><br>The new company will be based in Bengaluru, India's tech capital, and will have a team of over 100 researchers and engineers.<br><br>Adani has appointed a former Microsoft and Google executive as the CEO of the company, who will oversee its operations and strategy.<br><br>The company will focus on developing AI-based solutions for various industries, including healthcare, finance, and transportation.<br><br>It will also work on enhancing the operations of Adani's existing businesses, which include ports, airports, and renewable energy.<br><br>Adani's move into AI is seen as a significant shift for the billionaire, who has made his fortune in industries like coal, ports, and renewable energy.<br><br>However, it marks a growing trend of Indian companies investing in AI, as the technology becomes increasingly important for businesses and industries around the world.<br><br>India's government has also recognized the potential of AI, and has launched several initiatives to promote AI research and development.<br><br>Companies like Infosys and TCS have established AI research centers, and the country is home to several AI startups.<br><br>Adani's venture is seen as a major boost to India's AI ambitions, and could help the country compete with other major AI hubs like the US and China.<br><br>---<br><br>The information has been collected from different news articles, Copyright remains with the original authors.