Page 11 - Latest Updates on Artificial intelligence
Delhi CEO captures 'peak Bengaluru moment' in hotel; netizens divided
Ananya Narang discovered instead a virtual receptionist managing all guest services remotely, which she described as her own 'peak Bengaluru moment'
 "Delhi CEO captures 'peak Bengaluru moment' in hotel; netizens divided")
JSW Ventures picks up stake worth $1.8 mn in drone tech firm Aereo
Aereo uses drone technology and AI-driven data analytics to help clients in asset management in sectors including mining and infrastructure
 "JSW Ventures picks up stake worth $1.8 mn in drone tech firm Aereo")
Policy support important as India largely an out-of-pocket market: Panchal
AstraZeneca Pharma India Managing Director and Country President, Sanjeev Panchal, talks to Shine Jacob about the company's future plans in an interview
 "Policy support important as India largely an out-of-pocket market: Panchal")
Hon Hai revenue growth rises as AI server demand offset weak iPhone sales
Hon Hai's sales growth could accelerate in 2024-25 as the proliferation of AI emerges as the company's key growth engine and iPhone demand stabilizes
 "Hon Hai revenue growth rises as AI server demand offset weak iPhone sales")
Meta unveils AI tool that can generate, edit videos based on text prompts
Meta's product, Movie Gen, can create a new video up to 16 seconds long based on a text prompt. It can also use such prompts to generate audio for or edit an existing video
 "Meta unveils AI tool that can generate, edit videos based on text prompts")
Concerned about your credit health? Paisabazaar AI advisor will help
PB Assist will give 'real-time, actionable insights' to customers, says company
 "Concerned about your credit health? Paisabazaar AI advisor will help")
Google to provide data localisation option to AI innovators in India
This option will be particularly helpful for enterprises in the public sector and financial services, due to the sensitive nature of the data they handle, said Bikram Bedi
 "Google to provide data localisation option to AI innovators in India")
OpenAI secures $4 bn revolving credit line after big funding round
The borrowing facility will boost its liquidity to $10 billion, OpenAI said, allowing the startup to buy costly computing capacity, including Nvidia chips
 "OpenAI secures $4 bn revolving credit line after big funding round")
75% business leaders say AI key to their competitive advantage: Report
Experian's latest report analyses how business leaders are utilising GenAI, consolidating datasets to improve decisioning models, and focusing on customer experience
 "75% business leaders say AI key to their competitive advantage: Report")
Indian education sector needs to prepare itself for AI-driven future
The second of a three-part series reports on how education institutes are addressing the skills shortage
 "Indian education sector needs to prepare itself for AI-driven future")
Arkam Ventures targets middle India: GenAI, space tech, EVs among key areas
Arkam believe that the biggest venture outcomes over the next 15 years are going to come from founders who are reimagining and rewriting many traditional industries
 "Arkam Ventures targets middle India: GenAI, space tech, EVs among key areas")
Google working on software for reasoning AI, similar to OpenAI's 'o1'
AI researchers are pursuing reasoning models as they search for the next significant step forward in the technology
 "Google working on software for reasoning AI, similar to OpenAI's 'o1'")
Google hesitated on his chatbot, now spends $2.7 bn to rehire AI pioneer
Google acquired Noam Shazeer's AI startup Character.AI in a $2.7 billion deal with a stipulation that Shazeer starts working for them again
 "Google hesitated on his chatbot, now spends $2.7 bn to rehire AI pioneer")
Meta looks to expand production of mixed reality headsets in Vietnam
Meta also said it would soon begin testing Meta AI in Vietnamese, having started its Business AI for Messenger testing in the country in June, with its full launch by the end of this year
 "Meta looks to expand production of mixed reality headsets in Vietnam")
AI chip firm Cerebras records threefold revenue jump in US IPO filing
Receding recession fears and a strong equities rally have also rejuvenated the US IPO market in 2024 after two lackluster years
 "AI chip firm Cerebras records threefold revenue jump in US IPO filing")
Sought and wooed: Technology skills employers want around the world
India is among countries making the greatest demand for data analytics from their workforces
 "Sought and wooed: Technology skills employers want around the world")
AI at work for governance: How technology is helping various ministries
From ensuring regulatory compliance to tracking coal transport, the tech has various uses
 "AI at work for governance: How technology is helping various ministries")
OpenAI's plan to make artificial intelligence flow like electricity
It was also a demonstration of the tech industry's determination to accelerate the development of a technology it claims could be as transformative as the Industrial Revolution
 "OpenAI's plan to make artificial intelligence flow like electricity")
Amazon engaging with India on GPU procurement tender: Senior exec
Pankaj Gupta, Leader-Public Sector, Amazon India, called the India AI mission an empowerment framework for the sector, and indicated that the firm was engaging with the government on the same
 "Amazon engaging with India on GPU procurement tender: Senior exec")
AI global market may touch $990 bn by 2027 with 40-55% AGR: Report
As AI expands, the need for computing power will radically expand the scale of large data centers over the next five to 10 years, it added
 "AI global market may touch $990 bn by 2027 with 40-55% AGR: Report")
