Davos: This shift highlighted the rapid surge in AI investments and interest last year, which were sparked by the explosion of popularity of ChatGPT, the AI chatbot developed by OpenAI that was launched at the end of 2022, according to CNBC.
Last year, the state government had signed MoUs of Rs 1.37 lakh crore during the conference, of which 83 per cent MoUs have materialised on the ground, officials said.
CM Shinde said that Maharashtra has become a preferred destination for investments from a variety of countries, owing to state’s friendly economic environment.
ArcelorMittal Nippon Steel India has confirmed a proposed investment of Rs 1,000 crore towards brownfield expansion of its Vizag pellet plant in Andhra Pradesh," the Gujarat-based company said in a statement on Tuesday. The planned expansion will increase pellet production capacity at Vizag by 35 per cent to 11 MT from 8 MT, it said.