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What is the story about?
Shares of recent outperformer Netweb Technologies Ltd. will be in focus on Thursday, October 9, after the company announced a partnership with Bengaluru-based Bud Ecosystem to jointly develop affordable, localized AI infrastructure solutions for India.
Under the partnership, Netweb will use its scalable, high-performance and enterprise-grade computing systems with Bud's AI foundry software stack, to create ready-to-deploy AI solutions for sectors like education, healthcare, retail, agriculture and small businesses.
The partners will develop AI-in-a-box pre-configured systems, integrating optimized hardware and software to deliver AI capabilities in environments with limited connectivity or technical resources.
“Our collaboration with Bud Ecosystem reinforces our vision of building trusted, scalable, and inclusive compute infrastructure for India’s digital growth," Netweb's VP-Technology, Swastik Chakraborty said.
Bud Ecosystem is a Bengaluru-based AI research and product company specializing in multi-modal generative AI. The company has open-sourced more than 20 models, including large language models, diffusion models, small language models and CodeGen models.
Netweb Technologies shares have risen 41% in the last one month. In the last 16 trading sessions, the stock has declined only thrice. The surge over the last one month has taken the year-to-date advance to 50%.
The stock had listed in 2023 with an IPO price of ₹500. Based on Wednesday's closing price, the stock is up over 8x from its issue price, making it one of the most successful listings in recent times.
Under the partnership, Netweb will use its scalable, high-performance and enterprise-grade computing systems with Bud's AI foundry software stack, to create ready-to-deploy AI solutions for sectors like education, healthcare, retail, agriculture and small businesses.
The partners will develop AI-in-a-box pre-configured systems, integrating optimized hardware and software to deliver AI capabilities in environments with limited connectivity or technical resources.
“Our collaboration with Bud Ecosystem reinforces our vision of building trusted, scalable, and inclusive compute infrastructure for India’s digital growth," Netweb's VP-Technology, Swastik Chakraborty said.
Bud Ecosystem is a Bengaluru-based AI research and product company specializing in multi-modal generative AI. The company has open-sourced more than 20 models, including large language models, diffusion models, small language models and CodeGen models.
Netweb Technologies shares have risen 41% in the last one month. In the last 16 trading sessions, the stock has declined only thrice. The surge over the last one month has taken the year-to-date advance to 50%.
The stock had listed in 2023 with an IPO price of ₹500. Based on Wednesday's closing price, the stock is up over 8x from its issue price, making it one of the most successful listings in recent times.
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