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Seventeen lighthouse initiatives from India contributing to the SDGs showcased in publication released during UNGA week

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Joint book by Reliance Foundation, United Nations India office and Observer Research FoundationPermanent Representative of India to the UN says India offers exemplary models for other countries at two jointly hosted high-level eventsIndia’s leadership and experience brings promise towards achieving the Sustainable Develoment Goals says multi-country ministerial panel

NEW YORK, Sept. 25, 2023 /CNW/ —  A strong belief in the Indian approach and leadership to achieve the Sustainable Development was the underlying tone of two high-level discussions organised in New York by Reliance Foundation, Observer Research Foundation, the United Nations India office and the Permanent Mission of India to the United Nations.

 

A publication ‘Ideas, Innovation, Implementation: India’s Journey Towards the SDGs’ that brought this message to life was released during the discussions. The book, a joint initiative by Reliance Foundation, Observer Research Foundation and the UN India office, highlights 17 lighthouse initiatives across 17 SDGs undertaken by not-for-profit organisations and communities. The publication highlights how implementation of the ideas could hasten the journey to the SDGs while providing a foundation for a post-2030 agenda.

Releasing the publication at the forum on ‘Delivering Development: Journeys, Directions and Lighthouses’, Ms. Ruchira Kamboj, Permanent Representative of India to the UN, said, “We refuse to make a choice between fighting poverty and protecting our planet; instead, we will pursue sustainable, inclusive, and equitable transitions that leave no one behind. In this spirit of fostering transparency and sharing best practices, I am delighted to announce that we have just released a comprehensive report Ideas, Innovation, Implementation: India’s Journey towards the SDGs.”

Speaking at the panel on South Rising: Partnerships, Institutions and Ideas’, India’s External Affairs Minister S Jaishankar said on SDGs, green development, women-led development, and digital public infrastructure would determine global progress for the next decade and transition would be driven by the Global South. “We need political rebalancing and economic rebalancing as part of the G20. None of this can go beyond a point unless there is cultural rebalancing which is respecting the diversity of the world, giving other cultures and traditions their due respect. From millets to traditional medicine, respecting others’ heritage, tradition, music, ways of life – these are parts of the change the global south would like to see.”

Ms Kamina Johnson Smith, Minister of Foreign Affairs and Foreign Trade, Jamaica, strongly articulated India’s support especially to smaller countries. “In a situation where you had to call on friends for support, the question was, who could you call, and more importantly, who would answer. India answered. India answered the world and the small countries in the Caribbean,” Ms. Johnson Smith said.

Echoing similar sentiments, Mr Hugh Hilton Todd, Minister of Foreign Affairs and International Co-operation, Republic of Guyana, said, “Multilateralism needs leadership. That’s what India is providing. India, as a country, is extremely humble and responsible. Quietly, India has been taking care of its people and the rest of the world. It’s only natural that India has earned its rightful place in helping not only by providing leadership in the global south but helping to advance integration. India has proven itself to be a responsible partner and leader.”

Mr João Gomes Cravinho, Minister of Foreign Affairs, Portugal said, “Behind political will are many interests, intentions of various sorts. To talk about political courage, we need outstanding leadership.To talk about political courage, at the same time, we need a transformation of the way people view their own interests. We must seek to transform the way that people look at the realities they face.”

Reliance Foundation, ORF and United Nations India hosted the two key dialogues during the UNGA week focussing on the overarching theme of India’s journey towards SDGs. 

Mr Jagannatha Kumar, CEO, Reliance Foundation spoke of the need to think beyond 2030. Mr Shombi Sharp, UN Resident Coordinator, India, spoke about public, private and multi-stakeholder conversations towards the SDGs. Mr Samir Saran, President, ORF, spoke of the importance of bringing attention to the voices of those invisibilised in the world.

Ideas, Innovation, Implementation: India’s Journey Towards the SDGs can be downloaded at https://reliancefoundation.org/sdgs_publication

Video – https://www.youtube.com/watch?v=1NxA02hR7m8
Photo – https://mma.prnewswire.com/media/2220469/Reliance_Foundation_2.jpg

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SOURCE Reliance Foundation

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CHAI, the Social AI Platform, on Track to Hit $1.4B Valuation in 2026

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CHAI, a fast-rising AI startup in Palo Alto, is rapidly emerging as the next unicorn with explosive revenue growth of 250%, surpassing industry leaders like Databricks (127%), SpaceX (139%), and Anthropic (220%). With a last valuation of $450 million more than a year ago, CHAI is on track to achieve a $1.4 billion valuation by 2026, driven by projected 30X revenue multiples—a benchmark set by top-tier Silicon Valley disruptors.

PALO ALTO, Calif., May 17, 2025 /PRNewswire/ — CHAI, a fast-rising AI startup in Palo Alto, is rapidly emerging as the next unicorn with explosive revenue growth of 250%, surpassing industry leaders like Databricks (127%), SpaceX (139%), and Anthropic (220%). With a last valuation of $450 million more than a year ago, CHAI is on track to achieve a $1.4 billion valuation by 2026, driven by projected 30X revenue multiples—a benchmark set by top-tier Silicon Valley disruptors.

With a valuation of $450 million 16 months ago, CHAI is experiencing explosive revenue growth of 250%, surpassing high-profile companies including Anthropic (220%), Midjourney (167%), SpaceX (139%), and Databricks (127%). With 2024 revenue of $18 million and projections to reach or even surpass $45 million by the end of 2025, CHAI’s trajectory places it among the elite tier of tech innovators.

Industry analysts tracking CHAI’s meteoric rise predict revenue multiples of 30X to 32X by 2026, potentially driving the company’s valuation to approximately $1.4 billion. This remarkable growth rate exceeds some of today’s most valuable startups, including Anthropic and SpaceX.

While CHAI doesn’t have plan to start it’s next fund raising round, investors and industry observers are taking note of its extraordinary performance metrics, positioning the company as the next breakthrough success in Silicon Valley’s competitive landscape.

Was CHAI the first AI Platform? CHAI was the first consumer AI product to reach 1 million users, leveraging the open-sourced LLM GPT-J, before ChatGPT or Llama.

What is CHAI? CHAI is a social AI platform where users can create their own AI. Since its launch three years ago, CHAI has experienced significant growth, particularly among Gen Z users. Now, to support further growth and wider adoption, CHAI has redesigned its brand.

Can you use CHAI AI in a browser? As of March 2025, no. CHAI is focused on delivering the most engaging social AI experience by hiring talented engineers to refine its app. While there are currently no plans for a web app, this may change in the future.

Is CHAI AI safe? CHAI has implemented a range of safety features that allow users to engage in dynamic chats while encouraging them to stay within established guidelines. By building better AI, CHAI aims to enhance user value and experience.

What makes CHAI special? CHAI is designed to be the most engaging social AI, delivering highly entertaining conversations. Many users rely on it to craft interactive stories and immersive experiences.

Why do people love CHAI? CHAI employs advanced AI techniques to increase the entertainment value of its bots. Users chat with AI to write interactive novels and have engaging conversations, supported by a variety of genres that appeal to avid novel readers.

Sometimes regarded as the best free AI chatbot, CHAI is paving its way to widespread adoption of conversational social AI for entertainment.

Who is the founder? William Beauchamp is a 2x founder, first started building CHAI with his sister in Cambridge UK in 2020. After building the first AI chat platform they relocated to Palo Alto.

Are they hiring? CHAI is a rapidly growing company that is known for paying very high salaries with an intense culture focused on delivering results and iterating quickly. Apply on CHAI’s website.

Press Contact:

Tom Lu
+1 (626) 594-8966
https://www.chai-research.com/

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SOURCE Chai Research Corp

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GMI Cloud Scales Up With New HQ in Mountain View, CA

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GMI Cloud deepens existing Silicon Valley roots, prioritizing collaboration with leading AI innovators 

MOUNTAIN VIEW, Calif., May 16, 2025 /PRNewswire/ — GMI Cloud, a fast-rising provider of GPU-as-a-Service infrastructure purpose-built for AI, today is proud to announce it has moved its headquarters from San Jose, CA to Mountain View, CA to provide more open space for its growing team and the local growing AI native startup community. From hackathons, meetups, technology industry events and more, the closer proximity to top universities and colleges will help GMI Cloud continue to foster the rapid growth of AI throughout Silicon Valley and on a global level.

The new office comes amid strong momentum for GMI Cloud. Since its funding announcement last year, the company has grown exponentially in customers and partnerships, increasing AI development all over the world. However, GMI Cloud has been a global company since day one, with data centers in Taiwan, Malaysia, Mexico, and the U.S. Its global data center network makes it uniquely able to provide flexible, cost-effective computing solutions without the disruption of geopolitical changes. Customers can scale their AI capabilities without unexpected cost surprises. This new office signifies its commitment to AI innovators in Silicon Valley and beyond.

“Bringing GMI Cloud to Mountain View allows for employees to enjoy what the local community has to offer while keeping us in the epicenter of Silicon Valley,” said Alex Yeh, CEO of GMI Cloud. “We are accelerating quickly and we find it incredibly valuable to have the right home base to host our partners, customers, and employees.”

For more information about GMI Cloud and hiring opportunities, visit www.gmicloud.ai.

About GMI Cloud
GMI Cloud is a global company that delivers full-stack, U.S.-based GPU infrastructure and enterprise-grade inference services built to scale AI products. Whether training foundation models or deploying real-time agents, GMI gives teams full control of performance, costs, and launch velocity. With on-demand and reserved GPU clusters for all workloads and projects, GMI helps AI teams build without limits. GMI Cloud is based in Mountain View, CA.

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SOURCE GMI Cloud

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STL reports FY25 results; well-positioned to unlock growth

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Reports EBITDA of INR 146 Cr, highest in the last six quarters; 31% QoQ growth

MUMBAI, India, May 17, 2025 /PRNewswire/ — STL (NSE: STLTECH), a leading optical and digital solutions company, today announced its financial results for the year ended 31 March, 2025. The Company reported revenues of INR 1052 Cr for the quarter and INR 3996 Cr for FY25 across its business units – Optical Networking and Digital. STL delivered EBITDA margins of 13.8% and EBITDA of INR 146 Cr, highest in the last six quarters.

With a focus on customer centricity, product innovation, and cost leadership, STL continues to be a partner of choice for the global Digital Infrastructure build. As we navigate evolving tariff dynamics, we remain focused on leveraging our global manufacturing footprint in the U.S., Europe, and India and diversified supplier partnerships to drive company performance. 

In Q4 FY25, Optical Networking Business reported a 26% revenue growth and 110% EBITDA as compared to Q4 FY24. This was driven by accelerating momentum in the Enterprise Connectivity and Data Centre Business and a ~22% attach rate in the Optical Connectivity Business (OC). Enterprise and Data Centre Business has seen robust demand in Europe and India as STL supported key players in these regions to expand their end customer connectivity solutions.

STL Digital – Achieved EBITDA positive for consecutive 2 quarters with a steady YoY revenue growth and a robust order book. STL Digital has strategic partnerships with 40+ technology companies and has acquired more than 25 global customers across India and the U.S.

Some key highlights for FY25

Global Services Business* – STL completed the demerger of its Global Services Business that transitioned from Sterlite Technologies (STL) to STL Networks Limited under the brand name ‘Invenia.’Our marquee wins – STL added diversified customers across geographies, forming deep partnerships with service providers like Archtop Fiber in the U.S., Connexin, Netomnia and Wyre in the UK and Europe, Vocus in Australia, du Telecom in MEA and Bharatnet and Vedanta in India.Product innovation and co-creation with customers – STL has aggressively driven product innovation, focusing on co-creation with customers and next-gen optical solutions with development of ultra-thin optical fibre of 160-micron, 180-micron and 864F Microcables, AI-led data centre solutions, Multi-core fibre (MCF) for quantum communications and silicon photonics, and Optical Connectivity portfolio for the U.S. STL also unveiled Rapid series of Optical products, compliant with the ‘Build America, Buy America’ (BABA) regulations. STL ended the year with a patent count of 740 with 76 new patents filed in FY25.Our Net Debt: Equity has improved to 0.68 times against 1.39 times post demerger and Post QIP (YoY).

“FY25 was marked by resilience and customer-focus. By doubling down on our core priorities—Customer and Cost Leadership—we not only sustained momentum but also laid the groundwork for future growth. The strengthening order pipeline and customer engagements signal a promising shift in market dynamics,” remarked Ankit Agarwal, Managing Director, STL. “The trifecta of AI-ready infrastructure, rural fiberisation, and data centre expansion will be the cornerstone of global digitalisation, and we’re are fully prepared with our extensive Connectivity solutions,” he added.

Financial highlights (INR Cr)

Financials**

INR Cr

FY25

FY24

Q4FY25

Q4FY24

Revenue

3996

4083

1052

843

EBITDA

452

527

146

44

**All financials are from continued operations

*Pursuant to receipt of necessary statutory approvals and in accordance with the Scheme of Arrangement between STL and STL Networks Limited, the Company has demerged its Global Service business effective March 31, 2025, as approved by NCLT. Consequently, the financial results of the Global Service business for the respective quarters and year ended March 31, 2025 and March 31, 2024 have been presented as discontinued operations to reflect the impact of this demerger.

About STL – Sterlite Technologies Ltd:

STL is a leading global optical and digital solutions company providing advanced offerings to build 5G, Rural, FTTx, Enterprise and Data Centre networks. Read more, Contact usstl.tech | Twitter | LinkedInYouTube

For more information, contact:
Media Relations:
Shaily Rai Sinha
stl.communications@stl.tech

Investor Relations
Ajay Jhanjhari 
investor@stl.tech

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