Page 6 - Latest Updates on Artificial intelligence
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")
We want to be a co-pilot in India's AI journey: Microsoft's Irina Ghose
She talks about how AI is getting infused in security and Microsoft's focus in the new year
 "We want to be a co-pilot in India's AI journey: Microsoft's Irina Ghose")
AI will change nature of work, but won't lead to job losses: Axis Bank
Axis Bank spent nearly two years on so-called 'hyperpersonalization' for its app, which includes nudges for customers when their salaries get deposited or when bills come due, its digital head said
 "AI will change nature of work, but won't lead to job losses: Axis Bank")
OpenAI builds first chip with Broadcom, TSMC; scales back foundry ambition
OpenAI, which helped commercialize generative AI that produces human-like responses to queries, relies on substantial computing power to train and run its systems
 "OpenAI builds first chip with Broadcom, TSMC; scales back foundry ambition")
PayPal expects Q4 revenue below estimates as profit push puts growth behind
Efficiency has been a focal point for PayPal as CEO Alex Chriss, who took the helm last year, pushes for cost discipline through job cuts and higher investments in automation and AI
 "PayPal expects Q4 revenue below estimates as profit push puts growth behind")
EvoluteIQ secures $20 million funding to fuel growth and innovation
This funding will support EvoluteIQ's plan to enhance its AI automation platform and expand operations globally
 "EvoluteIQ secures $20 million funding to fuel growth and innovation")
Joe Biden finalises curbs on US investment in Chinese chip, AI tech
The rules, which come after more than a year of deliberation, ban some investments into those industries and require the US government to be notified about others
 "Joe Biden finalises curbs on US investment in Chinese chip, AI tech")
Reddit's high-flying stock run faces AI-training data test in earnings
The stock is up 139 per cent since it began trading in March, the best performance among this year's IPOs to raise at least $310 million
 "Reddit's high-flying stock run faces AI-training data test in earnings")
Global leader: India has capabilities to leverage artificial intelligence
While Nvidia's enthusiasm about India's AI-driven future may be well founded, India should be aware of the dangers of getting locked onto one platform
 "Global leader: India has capabilities to leverage artificial intelligence")
Meta building AI search engine to cut reliance on Google, Bing: Report
Meta's web crawler will provide conversational answers to users about current events on Meta AI, the company's chatbot on WhatsApp, Instagram and Facebook, according to the report
 "Meta building AI search engine to cut reliance on Google, Bing: Report")
Urban demand stress under watch, festivals may boost consumption: FinMin
H1FY25 growth driven by rural demand, agriculture, services, and stable external sector
 "Urban demand stress under watch, festivals may boost consumption: FinMin")
