Nandan Nilekani, billionaire Infosys co-founder, gives alma mater $38.5 mn for AI
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Billionaire Infosys Ltd. co-founder Nandan Nilekani will donate $38.5 million to his alma mater Indian Institute of Technology Bombay, making one of the largest such gifts by an alumnus of an educational institution in the country.The grant takes the technologist's total donations to the school to 4 billion rupees ($49 million) and is intended to foster research in emerging areas while supporting a deep-tech startup ecosystem, Nilekani's office announced on Tuesday after a memorandum signing by the two parties. Nilekani, who shot to prominence after founding the IT services pioneer Infosys, in 1973 joined what's become known as the country's pre-eminent engineering and technology learning institution. He helped establish Infosys in 1981, a few summers after graduating from what's...