Page 9 - Latest Updates on Artificial intelligence
Largest Gen AI hackathon in Mumbai; over 2,000 developers to participate
Mumbai will host a landmark AI Week this month, starting with NVIDIA's flagship AI Summit-one of just three global conferences
 "Largest Gen AI hackathon in Mumbai; over 2,000 developers to participate")
GenAI start-up landscape witness broad-based growth, crosses 240 in H1 2024
Net funding addition of $152 million since H1 CY2023, cumulative funding grows over $750 million since 2023, according to Nasscom report
 "GenAI start-up landscape witness broad-based growth, crosses 240 in H1 2024")
Ericsson plans to expand R&D base in India, focuses on AI, 6G development
Ericsson currently has R&D sites in Chennai, Bengaluru and Gurugram that work across telecom domains spanning Transport, Packet Core, OSS, BSS, Cloud and advanced AI technologies
 "Ericsson plans to expand R&D base in India, focuses on AI, 6G development")
EQT-backed Indium acquires majority stake in engineering firm Experion
This acquisition will expand Indium's geographic footprint and increase its headcount to approximately 5,000 employees
 "EQT-backed Indium acquires majority stake in engineering firm Experion")
Advantageous to build new AI applications on top of LLMs: Accel's Kirani
According to Kirani, India's vast services sector encompassing call centres, accounting, healthcare management, IT, and document processing offers access to a rich dataset for training AI models
 "Advantageous to build new AI applications on top of LLMs: Accel's Kirani")
Lenovo Tech World 2024: New AI agent, ThinkPad AI laptop and more announced
Powered by Intel Core Ultra 200V series processors, the new Lenovo ThinkPad X1 2-in-1 Gen 10 Aura Edition laptop will offer Microsoft's Copilot+ AI experience as well as Lenovo's own suite of AI tools
 "Lenovo Tech World 2024: New AI agent, ThinkPad AI laptop and more announced")
Indian problems require Indian solutions: NCPCR chief on children's issues
Under his leadership, he said the National Commission for Protection of Child Rights (NCPCR) implemented a family-centred approach that he believes effectively addressed many issues
 "Indian problems require Indian solutions: NCPCR chief on children's issues")
We want to embed our AI Force platform across our customers: HCLTech CEO
He talks about the growth triggers, spend mindset and GenAI deal growth
 "We want to embed our AI Force platform across our customers: HCLTech CEO")
Saudi Arabia's ambitious tech leap aims to lead in cyberspace governance
What is worth noting is that Saudi Arabia has gone all out to develop and leverage advanced science and technology to underpin its rapid economic and social transformation
 "Saudi Arabia's ambitious tech leap aims to lead in cyberspace governance")
Bhavish Aggarwal-founded Krutrim AI's business head Ravi Jain resigns
Jain exited the company after putting in around three years, marking another high-profile exit from the Bengaluru-headquartered group this year
 "Bhavish Aggarwal-founded Krutrim AI's business head Ravi Jain resigns")
A general framework for Cloud-driven AI needed, says Jio executive
Jio aims to provide subscription-based AI services to small businesses across sectors
 "A general framework for Cloud-driven AI needed, says Jio executive")
AI-led firms report higher growth, outpace peers in revenue, productivity
The findings are based on a survey of 2,000 executives across 12 countries and 15 industries, including insights from 200 senior executives based in India
Govt announces 3 AI CoEs for healthcare, agriculture, sustainable cities
The CoE in healthcare will be led by IIT Delhi and AIIMS, while the CoE in agriculture will be led by IIT Ropar. The sustainable cities CoE will be led by IIT Kanpur
 "Govt announces 3 AI CoEs for healthcare, agriculture, sustainable cities")
Artificial intelligence to light the path at India Mobile Congress
PM to highlight transformative technology in inaugural address on Tuesday; 15 ministries to showcase AI integration
 "Artificial intelligence to light the path at India Mobile Congress")
Over-reliance on AI poses financial stability risks: RBI Governor Das
Feasibility of expanding RTGS to settle transactions in USD, Euro, GBP can be explored
 "Over-reliance on AI poses financial stability risks: RBI Governor Das")
Skill ministry, Meta partner to launch AI assistant for Skill India Mission
Under the partnership, an innovative AI-powered chatbot powered by Meta's open-source Llama model will be developed to enhance the learner experience on the Skill India Digital (SID) Portal
 "Skill ministry, Meta partner to launch AI assistant for Skill India Mission")
AI enables unmatched agility; deployment be guided by regulations: Scindia
Speaking at the occasion, International Telecommunication Union (ITU) Secretary-General, Doreen Bogdan-Martin noted that the rise of AI is partly why standards are in the spotlight
 "AI enables unmatched agility; deployment be guided by regulations: Scindia")
We should be cautious about how GenAI is used: PhonePe CTO Rahul Chari
The company's worry continues to be the regulatory market cap in the Unified Payments Interface (UPI) payments ecosystem. Market cap is not the right solution, said Rahul Chari
 "We should be cautious about how GenAI is used: PhonePe CTO Rahul Chari")
GenAI: Indian companies see productivity boost as key benefit of technology
As many as 56 per cent of them are establishing governance frameworks for the use of GenAI tools and apps
 "GenAI: Indian companies see productivity boost as key benefit of technology")
How GenAI helps e-commerce firms handle high festive season demand
E-commerce companies lean on the technology to serve customers and sellers in festival season shopping rush
 "How GenAI helps e-commerce firms handle high festive season demand")
