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Artificial Intelligence (AI) in healthcare is projected to contribute USD 25-30 billion to India's GDP by 2025, enhancing accessibility, diagnostics, and treatment outcomes, according to a report by Deloitte. Government-backed initiatives like the IndiaAI Mission and the Digital Personal Data Protection Act, 2023, are setting the stage for a digitally empowered healthcare ecosystem, ensuring responsible AI integration and enhanced data security, it noted. As per the report -- "Digital Healthcare- Top 10 Myths Debunked Digital Health & AI", AI adoption in healthcare has surged past 40 per cent, surpassing sectors such as FMCG (30 per cent) and manufacturing (25 per cent). Deloitte India Life Sciences and Health Care Industry Leader Joydeep Ghosh noted that India's digital healthcare ecosystem is rapidly advancing, with AI-powered diagnostics, MedTech innovations and digital health records transforming patient care. India's surgical consumables and disposables exports reached USD ...
Hong Kong will cut thousands of civil service jobs and boost spending in artificial intelligence as it seeks to tackle an increasing deficit, authorities said Wednesday. Finance Secretary Paul Chan said during a budget speech that there would be a cumulative reduction of government recurrent expenditure by 7 per cent from now until 2027-2028. Hong Kong's deficit had reached 87.2 billion Hong Kong dollars (USD 11.2 billion) for the financial year of 2024-2025, making it the third straight year of losses. It gives us a clear pathway towards the goal of restoring fiscal balance, Chan said. He said 10,000 civil servant posts would be cut by April 2027, representing a reduction of about 2 per cent of the civil service in each of the next two years. Salaries will also be frozen in the civil service this year. Chan also said that up to 195 billion Hong Kong dollars (USD 25 billion) worth of bonds will also be issued in the next five years to ensure progress of important infrastructure ..
Edtech unicorn upGrad has earmarked Rs 100 crore to create an AI incubator, to boost innovation in learning and skilling space, a top company official said. upGrad Founder and CEO, Ronnie Screwvala told PTI in an interview that outside the school and colleges curriculum the learning and skilling space is evolving rapidly and there is need to explore innovative ways to address this segment. "We are putting Rs 100 crore. It will be used for incubation as well as acquiring minority stake in 5-6 startups at an early stage so that we do not dictate them. We don't want to get into the valuation game as it becomes too onerous for a startup but we want them to innovate in a more frugal manner," Screwvala said. The move follows upGrad's announcement in Davos of creating an AI center of excellence with investment of Rs 2,150 crore in collaboration with the Maharashtra government. The company has also entered into a partnership with Microsoft to train 10 lakh STEM Indian professionals in one