Page 7 - Latest Updates on Artificial intelligence
Saudi Arabia plans $100 billion AI powerhouse to rival UAE tech hub
The state-backed entity will invest in data centers, startups and other infrastructure to develop AI, the people said, asking not to be identified discussing plans that aren't yet public
 "Saudi Arabia plans $100 billion AI powerhouse to rival UAE tech hub")
India is one of our fastest growing markets: Microsoft AI CEO Suleyman
On his inaugural visit, Suleyman says AI will put knowledge at everyone's fingertips
 "India is one of our fastest growing markets: Microsoft AI CEO Suleyman")
AI, GenAI, most talked-about tech, still far from full enterprise adoption
Lack of frameworks in strategy, data, and tech slows AI adoption, says a latest report by Infosys Knowledge Institute
 "AI, GenAI, most talked-about tech, still far from full enterprise adoption")
Nvidia rides AI wave to surpass Apple, becomes world's largest company
Microsoft Corp., which Nvidia passed last month, has a market cap of $3.06 trillion. Nvidia has soared more than 850 per cent since the end of 2022
 "Nvidia rides AI wave to surpass Apple, becomes world's largest company")
ICC successfully trials AI-powered tool to curb abuse in women's cricket
The International Cricket Council (ICC) in partnership with tech company GoBubble employed an artificial intelligence tool to address online abuse targeting female players
 "ICC successfully trials AI-powered tool to curb abuse in women's cricket")
Campus hiring soars as GCCs seek freshers skilled in data science and AI
Companies like Wells Fargo, JPMorgan Chase, Novartis, Epsilon, and EQ India are actively hiring from engineering colleges, business schools, and general degree institutions in India
 "Campus hiring soars as GCCs seek freshers skilled in data science and AI")
OpenAI in talks with regulators in California to become for-profit company
The attorney general in Delaware also has been in communication about the nonprofit to for-profit shift, as detailed in a letter to OpenAI
 "OpenAI in talks with regulators in California to become for-profit company")
From-the-grave 'interview' with Nobel winner Szymborska exposes AI pitfalls
The terminated radio host, Lukasz Zaleski, said he would have invited Szymborska on his morning show himself, but never did for a simple reason: She died in 2012
 "From-the-grave 'interview' with Nobel winner Szymborska exposes AI pitfalls")
Nobel for protein folding sparks debate on AI's role in scientific prizes
Many machine learning algorithms start with humans "teaching" them the already known, and then letting the algo loose on existing data where it may find new patterns
 "Nobel for protein folding sparks debate on AI's role in scientific prizes")
Intel, Samsung results rallies seen short-lived on AI-related challenges
The US firm behind the once ubiquitous "Intel Inside" labels has been hurt by a costly effort to start a foundry business as it also fends off upstart AI chip designers like Nvidia Corp
 "Intel, Samsung results rallies seen short-lived on AI-related challenges")
Venture capitals cautious on AI: Startups must show clear value, returns
Venture capital firms in India are becoming cautious with AI investments, emphasising solid business models and tangible returns, as many startups face closures amid changing dynamics
 "Venture capitals cautious on AI: Startups must show clear value, returns")
Spot AI secures $31 mn, launches Video AI Agents for enhanced surveillance
Video AI Agents transform cameras from passive observers into proactive problem solvers and can autonomously identify issues and trigger responses without the need for human intervention
 "Spot AI secures $31 mn, launches Video AI Agents for enhanced surveillance")
Microsoft Cloud, Office software boost revenue growth beyond projections
Sales in the first quarter, which ended Sept 30, increased 16% to $65.6 billion
 "Microsoft Cloud, Office software boost revenue growth beyond projections")
AI adoption in banking: India's opportunity to transform financial services
Banks with large asset sizes and those endowed with greater resources are more inclined to invest in innovation and modern technologies like AI
 "AI adoption in banking: India's opportunity to transform financial services")
Cognizant saw 13,000 associates joining back, says CEO Ravi Kumar
AI is a unique technology and it will disrupt the knowledge worker
 "Cognizant saw 13,000 associates joining back, says CEO Ravi Kumar")
More intelligence features will be available in December, confirms Apple
Apple also confirmed that it will roll out further enhancements in the coming months, including priority notifications, Siri with on-screen awareness, and more
 "More intelligence features will be available in December, confirms Apple")
Cognizant Q3 FY24 net up 10.8%; narrows revenue growth guidance for FY24
IT company reports 'large deals' in the quarter and 'momentum' in its AI services
Here's why AI's $1.3 trillion future increasingly hinges on Taiwan
Taiwan is small, and Taipei is small, and in that small area everything moves super fast, the 35-year-old Harvard graduate said after one of his trips to secure production
 "Here's why AI's $1.3 trillion future increasingly hinges on Taiwan")
Meta CEO Zuckerberg warns of worsening AI losses after sales narrowly beat
Zuckerberg warned investors Wednesday that Meta will continue to spend significantly on infrastructure and other projects like the metaverse and AI-powered glasses
 "Meta CEO Zuckerberg warns of worsening AI losses after sales narrowly beat")
Samsung's profit rises beating estimates after broader biz offsets AI gloom
Samsung has lost about a quarter of its value this year, as the once-dominant memory chipmaker struggled to get its latest chips certified by Nvidia Corp. for use in AI accelerators
 "Samsung's profit rises beating estimates after broader biz offsets AI gloom")
