Telecom
Zoho Corporation to Leverage NVIDIA NeMo to Build LLMs
Zoho Corporation, a global technology company headquartered in Chennai, announced today that it will be leveraging the NVIDIA AI accelerated computing platform – which includes NVIDIA NeMo, part of NVIDIA AI Enterprise software – to build and deploy its large language models (LLMs) in its SaaS applications.
Once the LLMs are built and deployed, they will be available to Zoho Corporation’s 700,000+ customers across ManageEngine and Zoho.com globally.
Over the past year, the company has invested more than USD 10 million in NVIDIA’s AI technology and GPUs, and plans to invest an additional USD 10 million in the coming year. The announcement was made during the NVIDIA AI Summit in Mumbai.
Ramprakash Ramamoorthy, Director of AI at Zoho Corporation, commented, “Many LLMs on the market today are designed for consumer use, offering limited value for businesses.
“At Zoho, our mission is to develop LLMs tailored specifically for a wide range of business use cases.
“Owning our entire tech stack, with products spanning various business functions, allows us to integrate the essential element that makes AI truly effective: context.”
Zoho prioritises user privacy from the outset to create models that are compliant with privacy regulations from the ground up, rather than retrofitting them later.
Its goal is to help businesses realise ROI swiftly and effectively by leveraging the full stack of NVIDIA AI software and accelerated computing to increase throughput and reduce latency.
Zoho has been building its own AI technology for over a decade and adding it contextually to its wide portfolio of over 100 products across its ManageEngine and Zoho divisions.
Its approach to AI is multi-modal, geared towards deriving contextual intelligence that can help users make business decisions.
The company is building narrow, small and medium language models, which are distinct from LLMs. This provides options for using different size models in order to provide better results across a variety of use cases.
Relying on multiple models also means that businesses that do not have a large amount of data can still benefit from AI. Privacy is also a core tenet in Zoho’s AI strategy, and its LLM models will not be trained on customer data.
“The ability to choose from a range of AI model sizes empowers businesses to tailor their AI solutions precisely to their needs, balancing performance with cost-effectiveness,” said Vishal Dhupar, Managing Director, Asia South at NVIDIA.
“With NVIDIA’s AI software and accelerated computing platform, Zoho is building a broad range of models to help serve the diverse needs of its business customers.”
Through this collaboration, Zoho will be accelerating its LLMs on the NVIDIA accelerated computing platform with NVIDIA Hopper GPUs, using the NVIDIA NeMo end-to-end platform for developing custom generative AI—including LLMs, multimodal, vision, and speech AI.
Additionally, Zoho is testing NVIDIA TensorRT-LLM to optimise its LLMs for deployment and has already seen a 60% increase in throughput and 35% reduction in latency compared with a previously used open-source framework.
The company is also accelerating other workloads like speech-to-text on NVIDIA accelerated computing infrastructure.
Telecom
Suspected Lakurawa Terrorists Kill 3 Telcoms Workers in Kebbi
Terrorists belonging to Lakurawa group have reportedly killed three staff of a leading telecommunication firm.
The insurgents were said to have invaded a construction site at Gumki village in Arewa Local Government Area of Kebbi State.
The bandits reportedly attacked a construction site at Gumki village in Arewa Local Government Area of Kebbi State when their victims were installing a surveillance mast for the Nigeria Immigration Service and killed them and one other person who is yet to be identified.
There was a conflicting report of which organization the victims belonged as the police said three of the deceased were Airtel staff and the residents identified them to be Immigration staff.
A staff of Sir Yahaya Specialist Hospital however corroborated the villagers, saying the three victims brought to the hospital were Immigration staff.
But SP Nafiu Abubakar, police spokesperson, said four persons lost their lives, one indigene and three staff of Airtel.
He said from the report the police got, Bello M Sani, state Commissioner of Police, alongside with CIS Muhammad Bashir, Comptroller, Nigeria Immigration Service, Kebbi State Command, Lawali mobilized their men to the scene to evacuate the corpses to Sir Yahaya Memorial Hospital in Birnin Kebbi.
He said his CP has deployed additional tactical teams to the area and charged them to decisively deal with the suspected bandits operating in the area.
He said the CP also had meeting with people in the area and appealed to them to always assist the police and other security agencies with relevant information for their prompt response.
Telecom
Nigeria Has World’s Most Affordable Data Costs – GSMA
Nigeria has an average data cost of $0.38 per gigabyte, making her the most affordable countries globally and one of the cheapest in Africa for mobile data services.
United States averages $6 per gigabyte and South Africa with $1.77 per gigabyte rank the highest globally and in Africa respectively.
According to the GSMA, Nigerian data costs, as a percentage of Gross National Income (GNI) per capita, are among the lowest across Africa.
The reports by the body lends weight to telecom operators advocacy for tariff adjustments to address economic pressures threatening the sector’s sustainability.
The GSMA report, titled “The Role of Mobile Technology in Driving the Digital Economy in Nigeria,” highlighted Nigeria’s competitive data pricing, which is significantly lower than other African nations, such as Kenya ($0.59 per gigabyte), Ethiopia ($0.68 per gigabyte), and South Africa ($1.77 per gigabyte).
By contrast, the United States averages $6 per gigabyte, underscoring Nigeria’s advantage in offering cost-effective connectivity.
The cost of mobile data in Africa varies greatly by country and region.
Data costs can refer to the cost of mobile data or the cost of acquiring, maintaining, and using business data.
In 2023, the average cost of 1 GB of mobile data in Sub-Saharan Africa was $3.31, while in Northern Africa it was $0.86.
Telecommunications operators in Nigeria have been requesting some policy changes as well as tariff rebalancing to enable them deliver support to the Government’s digital economy objectives.
They have called for the simplification and improvement of the Right of Way (RoW) charging and administration process, harmonised across the country
According to them, all government authorities (at national and sub-national levels) should apply the national maximum RoW fee of N145 per/LSQM adopted by the National Economic Council (NEC) for the deployment of fibre across all states in Nigeria.
There should be a single point of contact in each state for the RoW application process while the duration for the approval process should be digitalised and limited to a maximum of one month.
Simplification and reduction of the tax burden on the mobile sector
On tariff, recall that the Association of Licensed Telecommunications Operators of Nigeria (ALTON) and the Association of Telecommunications Companies of Nigeria (ATCON) had urged the Nigerian Communications Commission (NCC) to consider reviewing tariffs upward to address rising operational costs.
Nodding in agreement, Bismarck Rewane, chief executive officer, Financial Derivatives, said the proposed tariff hike by telecommunications will help reduce inflation in the country.
He said it would help to reduce inflation because it increases productivity, stressing that the price of MTN shares went up by 10% to 220.
Rewane reiterated that investors had already factored that in, adding that they are expecting a lot of good goodies.
“But more important to think about is the fact that because of an increase in tariff and an increase in investment to make the industry sustainable, they’re going to see an increase in productivity, not directly but indirectly.
“Any increase in productivity and output is likely to allow inflation to moderate, which is the goal. So, we heard from the policymaker, Bosun Tijani, who was very clear that we want a sustainable sector. But we also heard from the regulator saying that we will hold these guys to quality of service.
“We also heard from the operators, MTN that they are all revving up. So in all, there are economic benefits because of increased output and productivity. Two, policymakers are aligned because they want this to lead to a moderation in inflation,” he added.
He further said that it was not a bad deal and re-echoed the minister’s comment that the tariff hike will not be 100 per cent.
“Will they get 100%? No, they will definitely not. We suspect that we are going to likely see something between 40 and 50% which is fair after so many years of static changes,” Rewane added.
Telecom
Bismarck, Economist Claims Planned Tariff Hike by Telcos Will Reduce Inflation
Bismarck Rewane, chief executive officer, Financial Derivatives, has said the proposed tariff hike by telecommunications will help reduce inflation in the country.
Rewane made this statement on Channels Television’s Business Morning on Thursday.
Recall that Association of Licensed Telecommunications Operators of Nigeria (ALTON) and the Association of Telecommunications Companies of Nigeria (ATCON) had urged the Nigerian Communications Commission (NCC) to consider reviewing tariffs upward to address rising operational costs.
On January 3, Karl Toriola, chief executive officer (CEO), MTN Nigeria, said telcos want a 100 percent tariff hike.
According to Rewane, who previously supported the plans for a tariff hike, the move will make the sector more sustainable.
He said it would help to reduce inflation because it increases productivity, stressing that the price of MTN shares went up by 10% to 220.
Rewane reiterated that investors had already factored that in, adding that they are expecting a lot of good goodies.
“But more important to think about is the fact that because of an increase in tariff and an increase in investment to make the industry sustainable, they’re going to see an increase in productivity, not directly but indirectly.
“Any increase in productivity and output is likely to allow inflation to moderate, which is the goal. So, we heard from the policymaker Bosun Tijani, who was very clear that we want a sustainable sector. But we also heard from the regulator saying that we will hold these guys to quality of service.
“We also heard from the operators, MTN that they are all revving up. So in all, there are economic benefits because of increased output and productivity. Two, policymakers are aligned because they want this to lead to a moderation in inflation,” he added.
He further said that it was not a bad deal and re-echoed the minister’s comment that the tariff hike will not be 100 per cent.
“Will they get 100%? No, they will definitely not. We suspect that we are going to likely see something between 40 and 50% which is fair after so many years of static changes,” Rewane added.
- General News2 days ago
Nigeria Recovers $52.88m in Assets Linked to Former Petroleum Minister Diezani Alison-Madueke
- E-Business2 days ago
Cybersecurity Firm Warns of Phishing Threats Targeting Telegram Premium
- General News2 days ago
Transform Your Health with QNET’s BELITE 123: The Ultimate Weight Management Solution
- General News2 days ago
TikTok Announces Plans to Cease Operations in the U.S. by January 19, 2025
- Telecom3 days ago
Nigeria Has World’s Most Affordable Data Costs – GSMA
- E-Financial12 hours ago
BudgIT Queries Irregularities in FG’s Proposed 2025 Budget
- E-Financial12 hours ago
NAICOM Seeks Police’s Support to Enforce Third-party Motor Insurance
- E-Financial12 hours ago
GAIM 6: Fidelity Bank Rewards 10 Customers with N10m