Archives May 2026

• RAIGDRG™© + Defensible AI Counter™ — a deterministic runtime substrate that turns AI Governance from policy promise into examiner-ready, signed, offline-verifiable evidence.

• Built for Governments and Regulators, Public and Private Enterprise, Education Institutions, and Consulting and IT Partners across India, the Gulf, the European Union and the United States.

SMMARUN Management Consortium Associates LLP (LLPIN: ACT-2625), headquartered in Gurugram, today announced a global strategic partnership with ByteVerity, a runtime AI compliance platform with 121 patents filed. Branded RAIGDRG™© + Defensible AI Counter™, the partnership unites SMMARUN’s Responsible AI Governance and Digital Risk Governance consulting and Masterclass franchise with ByteVerity’s deterministic spine — designed, engineered and proven in India, and built to serve every regulated buyer of AI, anywhere in the world.

The here and now fact is that AI is moving faster than the governance that holds it accountable. The Stanford HAI 2025 AI Index recorded 233 AI-related incidents in 2024 — a 56.4% increase year-on-year. The EU AI Act (Regulation 2024/1689, Article 99) carries fines of up to €35 million or 7% of global annual turnover, with high-risk obligations from 2 August 2026. India’s DPDP Rules 2025 (MeitY, Gazette G.S.R. 846(E), notified 13 November 2025) layer penalties of up to ₹250 crore. RBI FREE-AI (13 August 2025) and MeitY’s India AI Governance Guidelines (5 November 2025) extend the perimeter to every regulated Indian entity. Across SMMARUN’s enterprise sample, 88% of organisations have adopted AI; only 23% can defend that adoption to a regulator.

We are bridging the gap between AI Promise and Reality, ‘Policy to Practice’, by providing ‘Defensible AI’, A Deterministic Substrate Under a Three-Pillar Practice. SMMARUN’s three pillars — (1) AI Governance, Fairness & Risk Management; (2) Masterclass in AI Governance; (3) AI-Driven Platform & Solutions — now carry a deterministic spine. ByteVerity sits under Pillar 3 and gives Pillars 1 and 2 something measurable to deliver against. ByteVerity’s Five Planes — Kernel, Compositor, Governor, Sovereign, Vault — map directly onto the Puneet Mohan 5P Model FrameWorkx™ (Predict, Prepare, Propose, Plan, Prevent) within the 4A InDoctrine™©. The result is not another policy document; it is signed, append-only, offline-verifiable evidence that a regulator, an internal auditor or an examiner can replay.

Three Buy-Tomorrow Engagements. The partnership goes to market with three productised offers:

1. 90-Day AI-Governance Readiness with Deterministic Spine — a fixed-scope sprint that stands up an AI Governance Operating Model, board-approved policy, Policy Packs and the ByteVerity runtime kernel against DPDPA 2023, RBI FREE-AI, MeitY’s India AI Governance Guidelines, IRDAI and SEBI — with global cross-walks to NIST AI RMF, ISO/IEC 42001, EU AI Act, SR 11-7 and 21 CFR Part 11.

2. Sovereign Data & National-Boundary IP Unlock — a Sovereign-plane deployment that locks data residency, model lineage and IP attribution inside national boundaries — purpose-built for Governments, Public Sector Enterprises, regulated private operators and the wider Indian and international technology ecosystem that needs provable digital sovereignty as the precondition for trustworthy AI.

3. Examiner-Ready Evidence Compression for SR 11-7 / 21 CFR Part 11 — a Vault-and-Governor stack that compresses SR 11-7 model risk documentation, 21 CFR Part 11 audit trails, ICH E6(R3) GCP records and CDSCO/ICMR submissions into signed bundles that survive offline verification — designed for banks, insurers, life-sciences operators and any examiner-facing function in any jurisdiction.

Built for Six Buyer Constituencies. RAIGDRG™© + Defensible AI Counter™ is engineered for six buyer constituencies: Governments and Regulators (RBI, MeitY, SEBI, IRDAI, the EU AI Office, SAMA, CBUAE and counterparts); Public Sector Enterprise; Private Enterprise across BFSI, Healthcare, Insurance and Life Sciences; Education Institutions — including IIT and IIM faculties partnering on Masterclass cohorts and joint research; Consulting and IT Partners working alongside SMMARUN’s platform-partner network; and the global Indian-led delivery ecosystem, including Global Capability Centres. One substrate. Six buyers. One signed page of evidence.

Global. Made in India. The partnership crystallises a doctrine that has been quietly building: that the world’s most rigorous AI governance fabric can be designed, built and proven in India — and then exported as Best-In-Class engineering to global regulators, global enterprises and global auditors. Global. Made in India. Governable everywhere.

 QUOTES

1. Arjun Malhotra | Chairman, SMMARUN Global Advisory Board | Co-founder, HCL Group

“In 1976, the question was whether Indians could build computers. In 2026, the question is whether Indians can build the governance fabric that makes the world’s AI trustworthy. SMMARUN and ByteVerity, together, give that question an Indian answer — humble in tone, world-class in engineering, and Best-In-Class in defensibility. Global. Made in India.”

2. Ravi Balwada | Advisor & Board Member, ByteVerity

“With 121 patents filed across the sidecar, signing kernel, contract layer and Policy Pack catalogue, ByteVerity was built to be the deterministic spine of Responsible AI. SMMARUN brings the consulting depth, the Masterclass pedagogy and the regulator-grade frameworks; we bring the substrate that makes all of it measurable. Together, we are not selling another platform — we are giving CIOs, CROs, Chief AI Officers, regulators and auditors a Defensible AI Counter™ they can put in front of any examiner, anywhere.”

3. Preeti Mohan | Co-founder & Chief Responsible AI Governance, SMMARUN

“Responsible AI cannot live only in slide decks and steering committees. It has to live in the runtime, in the evidence and in the everyday decisions of the people who build and operate these systems. With ByteVerity under our third pillar, SMMARUN can finally deliver Responsible AI Governance, Fairness and Risk Compliance as a measurable outcome — not an aspiration. Our 90-Day Readiness sprint, our Masterclass and our Sovereign Data offer are all now anchored to signed, replayable proof.”

4. Mohit Mahajan | Founder & CEO, ByteVerity

“Prompts alone have never stopped a model from misbehaving in production. ByteVerity’s model agnostic substrate — Kernel, Compositor, Governor, Sovereign, Vault — was engineered so that every consequential AI action across any model operate within the organisational and team guardrails and carries a signed, tamper-proof, offline-verifiable receipt. Bringing this together with SMMARUN’s RAIGDRG™© practice and the Puneet Mohan 5P Model FrameWorkx™ closes the loop the industry has tolerated for too long: the gap between what companies write in their prompts and policies and what their models actually do at 3:47 a.m. on a Tuesday.”

While global real estate capital recalibrates, Abbas Sajwani is accelerating.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260519804834/en/

Abbas Sajwani, Founder and CEO of AHS Properties. (Photo: AETOSWire)

The 26-year-old Founder and CEO of AHS Properties – recently recognised by Forbes as the youngest Arab billionaire and the youngest billionaire globally in real estate, with a net worth of $1.9 billion – is building one of the fastest-scaling development platforms in Dubai.

Since launching in 2021, AHS Properties has expanded from ultra-luxury villa redevelopments into a multi-billion-dollar portfolio spanning waterfront residential, Grade-A commercial, and large-scale mixed-use developments across Dubai’s most strategic corridors.

Its commercial flagship, AHS Tower on Sheikh Zayed Road, sold out during construction, while its broader pipeline is projected to reach AED 50 billion by year-end.

This growth is underpinned by a strategy that runs counter to broader market caution.

“The real risk in this market isn’t volatility, it’s waiting,” Sajwani said. “By the time conviction feels obvious, the opportunity is already priced in.”

At a time when segments of global capital have moved to the sidelines amid geopolitical and macroeconomic uncertainty, AHS Properties has continued to deploy, advancing strategic land acquisitions and launching new developments aligned with long-term demand.

Sajwani’s thesis is structural, not cyclical.

He believes Dubai is undergoing a permanent repositioning, from a discretionary luxury destination to a core hub for global capital, driven by sustained inflows of ultra-high-net-worth individuals, founders, and family offices.

“This isn’t about short-term demand,” he said. “It’s about where capital is choosing to live.”

That perspective is informed by early experience in financial markets. Beginning equity trading at 14, Sajwani developed a disciplined, long-term approach to capital allocation, one now applied at scale across real estate.

As global investors reassess geographic exposure, AHS Properties is emerging as a high-conviction operator, building not around market sentiment, but ahead of it.

For further media information visit: https://ahsproperties.com/abbas-sajwani/

About AHS Properties, please visit: https://ahsproperties.com/

Source: AETOSWire

View source version on businesswire.com: https://www.businesswire.com/news/home/20260519804834/en/

Amarandhar Reddy Kotha, Managing Director at Datacipher Limited (BSE 530915) an IT Services organisation, has been accepted into the Forbes Business Council, the foremost growth and networking organization for successful business owners and leaders worldwide.

Amarandhar Reddy Kotha was selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors.

As a member of the Council, Amarandhar Reddy Kotha has access to a variety of exclusive opportunities designed to help him reach peak professional influence. He will connect and collaborate with other respected leaders in a private forum. Amarandhar will also have the opportunity to share his expert insights in original articles and contribute to published Expert Panels alongside other experts on Forbes.com.

Finally, Amarandhar Kotha will benefit from exclusive access to membership-branded marketing collateral, high-touch support from the Forbes Councils member concierge team, and complimentary membership in EXEC—the luxury hotel, travel, lifestyle, and business benefits program.

“I’m so honored for this incredible opportunity to be a part of an accomplished business leadership community. This is a recognition and honor to the amazing team at Datacipher Limited, who enjoy working with complex networking projects. Looking forward to share our expertise and learn from the Forbes Business Council,” Amarandhar Reddy Kotha, Managing Director and founder of Datacipher Limited (BSE 530915).

Audiencerate Ltd, one of the few globally certified Google Customer Match Upload Partners and a Microsoft IP Co-sell certified partner with MACC eligibility, today announced the appointment of Riccardo Fabbri as Chief Technology Officer. The appointment marks a phase of dual expansion: the Audiencerate–Postel–Microsoft platform for Italian SMEs, and the Data platform integrated with Google DV360 for Agencies and Data Providers — both evolving toward a model that natively leverages first-party and third-party data through AI and machine learning.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260519344995/en/

Riccardo Fabbri, Chief Technology Officer of Audiencerate Ltd. Co-founder and former managing partner of Nohup, recognized by the Financial Times among Europe’s leading firms in the sector (2021 and 2022) and acquired by the Havas Group in August 2021. Leads the AI-driven phase of Audiencerate’s independent Customer Match infrastructure.

A profile built on twenty years of digital transformation

Fabbri brings to Audiencerate over two decades of experience in software development and cloud architectures. Co-founder in 2004 of Nohup, a digital consultancy in cloud-native development, he led the company to Financial Times recognition among Europe’s leading firms in the sector for two consecutive years (2021 and 2022). In August 2021 Nohup was acquired by the Havas Group, bringing its 30 professionals across Milan, Turin, and Udine into Havas CX. The distinctive trait of Fabbri’s path is engineering rigor, attention to privacy, and deep knowledge of media operational workflows — an essential asset within the European framework of AI Act, GDPR, and the Italian Consumer Code.

The AI-driven leap for SMEs and Agencies

Under Fabbri’s leadership, Audiencerate will accelerate on two parallel tracks. On the SME front, AI and machine learning enable continuous model learning, predictive modeling (propensity scoring, lookalike, CLV) and self-optimization of budget and bid management. On the agency front, advertisers’ first-party data serves as seed for lookalike and propensity models enriched with third-party signals: an audience that combines 1P relevance with 3P scale, compliant with privacy and cookie ecosystem evolution.

Statements

“Riccardo’s entry is the missing piece,” said Gianluca Leotta, President of Audiencerate. “A technologist-entrepreneur who took Nohup to a European exit, lived inside the international media agency world, and knows the technical grammar of our trajectory exactly. It is a long-term choice, consistent with the patrimonial and industrial vision we have always had for this project.”

“Audiencerate has built over the years a unique technological asset: a Data Provider position native to both Google and Microsoft ecosystems, with certifications and partnerships that very few companies can claim,” said Riccardo Fabbri. “The project is both challenging and exciting. On one side, bringing this infrastructure to millions of Italian SMEs through Postel and Microsoft. On the other, evolving the DV360 offering by drawing on twenty years alongside media agencies: trading desks need models that intelligently fuse first-party and third-party data, while pursuing the automation and scale needed to recover margins the market no longer recognizes as it once did. This is the kind of engineering challenge that resonates with my path as a founder and entrepreneur.”

About Audiencerate

Audiencerate Ltd, headquartered in London with offices in Italy and the United States, specializes in data activation, audience intelligence, and AI-driven marketing. Google Customer Match Upload Partner (December 2025), Google Data Provider since 2012, Microsoft IP Co-sell Eligible / MACC Eligible. NEXI is the company’s flagship enterprise client in Italy.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260519344995/en/

I Squared Capital (“I Squared”), a leading global infrastructure investment manager, today announced the launch of Cube Grid, a new power transmission platform targeting India’s rapidly expanding electricity grid. I Squared expects to deploy up to USD $1 billion of equity capital into Cube Grid to acquire and build a scaled portfolio of high-quality transmission assets across India.

Consistent with I Squared’s platform-building approach, Cube Grid has signed definitive agreements for seed assets totaling more than 1,450 circuit kilometers (ckm) of transmission lines. These projects are being developed in partnership with Dineshchandra Group (Dineshchandra R. Agrawal Infracon Private Limited or “DRAIPL”), an established infrastructure developer with over five decades of experience delivering large-scale projects across India, Australia, West Asia, and Africa.

We anticipate India’s power transmission sector to enter a phase of unprecedented growth, driven by strong policy support and the rapid expansion of renewable energy capacity. The Government of India has outlined an ambitious roadmap to modernize and expand the national grid, requiring an estimated USD $120 billion of capital expenditure over the next five to seven years to integrate new generation capacity and meet rising demand. We believe that this has potential of creating a significant pipeline of transmission projects across the country – compelling opportunities for both greenfield development and the acquisition of operating assets.

Harsh Agrawal, Senior Partner at I Squared Capital, said: “India is one of the fastest-growing major economies and a highly attractive infrastructure market. I Squared has been an investor in India for over a decade and has seen first-hand the rapid expansion of power generation, particularly renewables. We believe this creates a multi-decade opportunity to acquire and build critical grid assets that enable economic growth, enhance energy security, and accelerate the energy transition. DRAIPL has a proven track record from our work together on Cube Highways, another I Squared portfolio company in India. Extending this relationship to the transmission sector gives Cube Grid a strong execution partner.”

Hardik Agrawal, Director at Dineshchandra Group, said: “India’s transmission sector is at an inflection point as the country accelerates renewable integration and grid expansion. We are pleased to partner with I Squared and Cube Grid in developing this sector. Having witnessed I Squared’s long-term, platform-oriented approach, we believe this partnership combines financial discipline and operational focus with strong execution capabilities to build high-quality transmission infrastructure and contribute to an Atmanirbhar and Viksit Bharat.”

Over the past decade, I Squared has committed more than USD $4 billion to Indian infrastructure, owning, building and operating a portfolio of six companies providing essential services to millions of people across the country. The partnership with DRAIPL combines I Squared’s global investment expertise and platform-building experience with DRAIPL’s local execution capabilities and regional market knowledge.

The transaction is expected to close in the third quarter of 2026, subject to customary regulatory approvals and closing conditions.

About I Squared Capital

I Squared Capital is a leading independent global infrastructure investor dedicated to the mid-market, managing $55 billion in assets. Founded in 2012, I Squared has evolved into one of the most diverse infrastructure investors in the world, with investments across power & utilities; transportation & logistics; digital infrastructure; environmental infrastructure; and social infrastructure, providing essential services to millions of people worldwide. Today, the portfolio includes over 100 companies operating in more than 70 countries. Headquartered in Miami, the firm has offices in Abu Dhabi, London, Munich, New Delhi, São Paulo, Singapore, Sydney and Taipei. Learn more at www.isquaredcapital.com.

Disclaimers

This document does not constitute advice or a recommendation or offer to sell or a solicitation to deal in any security or financial product. It is provided for information purposes only. Investing involves risk; loss of principal is possible. Specific investments described herein do not represent all investment decisions made by ISQ. The reader should not assume that investment decisions identified and discussed were or will be profitable. Specific investment advice references provided herein are for illustrative purposes only and are not necessarily representative of investments that will be made in the future.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260520821733/en/