Software firm KX starts India operations, unveils free-to-use KDB.AI Cloud for developers, start-ups, enterprises
The Hindu
KX: AI firm enters India, offers free vector database to users; aims to empower enterprises, developers, startups to develop cutting-edge AI solutions tailored to India's needs.
U.K-. and New York-headquartered KX, which is into vector (representation of things) and time-series data management (the AI arm that understands time), has announced its entry into the Indian market with software offerings to help enterprises and developers harness the full potential of the generative AI [Artificial Intelligence] sector and excel.
On this occasion, the company, which caters to investment banks, life and health science, semiconductor, telecom and manufacturing sectors, announced the general availability of KDB.AI Cloud, its free-to-use vector database for users in India.
The company said these twin announcements would empower Indian enterprises, developers, and startups to develop AI solutions that are ‘cutting-edge, responsible, inclusive, and tailored’ to India’s specific needs.
“KDB.AI Cloud is now available as a free SaaS-based service from KX. India’s developers, enterprises, and startups can seize this opportunity to embark on a transformative journey into the world of generative AI,” Ashok Reddy, CEO, KX said in a virtual interview.
With India having about six million developers, the largest developer population globally, and producing 1.5 million engineering graduates annually, the company’s entry and offerings would have profound implications for India’s innovation landscape, he said.
“India’s developer community has an enviable reputation globally. By establishing a permanent presence in the country, we will help this community unlock the transformative potential of generative AI,” Mr Reddy who is based in New York and currently visiting India said.
“The launch of KDB.AI Cloud exemplifies our commitment to democratizing access to our market-leading technology and I am excited to see the innovative applications and use cases that will emerge from our collaborations,” he added.
Mumbai police investigate embezzlement of ₹122 crore from New India Cooperative Bank, leading to RBI restrictions and board supersession.
Taiwan's top tech official emphasizes the need for global semiconductor industry division of labor, not monopolization.
Cupid Ltd reports increased profits, appoints new Chairman, and expands market presence with new products and manufacturing facility.
Lok Sabha committee, led by BJP's Baijayant Jay Panda, to examine Income-Tax Bill 2025 with 31 MPs.
SEBI rejects Gaekwad's plea for competing open offer, solidifying Burman Group's acquisition bid for Religare Enterprises.
Mahindra & Mahindra's electric SUVs XEV 9e and BE 6 receive 30,179 bookings worth ₹8,472 crore on opening day.
Maxivision Group acquires Ojas Eye Hospitals in Mumbai to expand operations in Maharashtra with Rs.500 crore investment.
Markets tumble as Sensex and Nifty decline, with investors wary of foreign fund outflows and muted earnings.
Johnson & Johnson introduces TECNIS PureSee IOL for presbyopia in India, offering high-quality vision and reduced visual symptoms.
PMI Electro Mobility raises ₹250 crore for electric buses, accelerating growth plans with consortium investment.
India's wholesale price inflation slightly eased to 2.31% in January, driven by food and manufactured costs, with fuel prices in deflation.
AI could one day allow people to continue conversations with their loved ones after their death, said Sebastian Thrun, founder of Google X.
India considering liberalized air service agreement with Singapore, potentially allowing more flights and airport access.