Aritificial Intelligence

AI is enabling startups across sectors in India: RTP Global's Nishit Garg

RTP Global's Nishit Garg discusses India's evolving startup ecosystem, AI's role as an enabler, and the firm's investment focus on climate, EV, SaaS, and fintech amid improving market conditions

Nvidia CEO Huang regrets turning down SoftBank's offer to fund acquisition

During a conversation at the Nvidia AI Summit in Japan, Jensen Huang praised SoftBank's Masayoshi Son for his contributions across multiple industry sectors in Japan

90% of financial institutions focus on AI, GenAI for innovation: PwC India

Ninety per cent of Indian financial institutions are focusing on artificial intelligence (AI) and GenAI (Generative Artificial Intelligence) as the primary technology enablers of innovation, according to a PwC India report. As per the PwC India report titled, 'Mapping the FinTech innovation landscape in India' data analytics also continues to emerge prominently across nearly 74 per cent responses, underscoring its integral role in driving insights and decision-making within the financial services (FS) sector. It said that 31 financial institutions consisting of banks, insurance firms and fintechs participated in the survey. "Artificial Intelligence (AI) and GenAI (Generative Artificial Intelligence) emerged as the focus area for innovation for Indian financial institutions, with 90 per cent of the respondents citing them as the primary technology enablers of innovation," it said. Further, 84 per cent of respondents stated that customer experience and engagement - acquisition, ...

Samsung launches AI-powered washing machine, aims to lead premium segment

Consumer Electronics maker Samsung India on Tuesday launched a new range of AI-powered washing machines and aims to be the market leader in the premium segment in the coming quarters, said a company official on Tuesday. The company, which currently holds around 20 per cent of the washing machine market, has "an objective of becoming a consumer leader" by gaining market share quarter-on-quarter, outpacing the industry growth, said Samsung India Senior Director, Digital Appliances, Saurabh Baishakhia. Samsung expects new launches, the ongoing trend of premiumisation in the appliances segment and the coming festive season this year and tailwind from attractive financing schemes breaking down acquisition costs will help it gain in the segment and claim market leadership, he said. "We have 20 per cent market share and are looking further improving it. We aspire to become a brand that is bought by most consumers," Baishakhia told PTI. At present, South Korean maker LG Electronics is the

Not smartphones, Indian consumers may pay more for AI features in laptops

While smartphone brands are struggling to find consumers for their new rollouts with AI features, experts indicate that AI-backed laptops have a wider use case and, hence, may open up the market

HCLTech, IBM join hands for GenAI centre to provide tailored AI solutions

IT services company HCL Technologies and tech giant IBM on Tuesday announced a new collaboration to establish a Generative AI Centre of Excellence. Alongwith IBM, HCLTech aims to train 10,000 of its engineers and architects in IBM's AI technologies, specifically 'watsonx'. IBM's watsonx is an Artificial Intelligence (AI) and data platform built for business. According to a release, the centre will be available through HCLTech's AI and cloud native labs in Noida, London and New Jersey and Santa Clara in the US. It will help enterprises modernise legacy applications, develop IT service management use cases, reduce coding complexity, improve skill development on the watsonx platform and enable continuous innovation. "This expansion of our work with IBM will facilitate rapid exploration of AI's potential as we create highly differentiated HCLTech offerings using the latest IBM technology. We plan to embed watsonx in HCLTech AI Force with GenAI-powered solutions to support code ...

Adobe brings Firefly-powered Generative AI features to Acrobat Reader

The new features will let users remove background, erase and crop. It will also enable you to remove unwanted objects from images, alter background and insert new images directly from the application.

Over 82% Indians oppose GenAI use in poll campaigns, says Adobe study

A high percentage of Indians, around 93%, agreed that it was important to know if the content they are consuming is generated using AI

HP rebrands consumer, commercial PC lines, introduces new logo for AI PCs

Consumer PCs from HP will now be named Omni, followed by a signifier indicating product category, and commercial PCs will have Elite as prefix followed by product category

Build trust in GenAI to transform India's data-rich tax landscape: Report

The report by consultancy firm PwC revealed that GenAI can help companies track latest laws and regulations around taxation and help overcome the current time gap

Devin: All about US-based startup Cognition's AI-powered software engineer

Cognition defined Devin as an autonomous agent that solves engineering tasks through the use of its own shell, code editor, and web browser

Nvidia market rally: What's behind the US-based company's bull run?

The market data shows that the Nvidia's shares have rallied over 250 per cent in the last one year

AI boosts user experience in top-rated apps of 2023, say Google, Apple

2023 sees AI integration in top apps, enhancing user experience and innovation

Microsoft chief executive officer Nadella touts promise of 'age of AI'

The US is the 2023 rotating host for events tied to the 21-member APEC group, which originated in a vision laid out by Australia in the late 1980

Kept off the editorial: News organisations set limits for AI use

News publishers and broadcasters are using AI for mundane tasks but not core business, reports Vanita Kohli-Khandekar

Wearable 'Ai Pin' launched by Humane, backed by former Apple execs

"Ai Pin is the embodiment of our vision to integrate AI into the fabric of daily life, enhancing our capabilities without overshadowing our humanity," Humane co-founder and President said

About 16.2 mn Indian workers need to be upskilled, reskilled in AI: Report

As many as 16.2 million workers need to be upskilled and reskilled in Artificial Intelligence and automation to meet India's skill deficit, says a report. According to the study conducted by Pearson and commissioned by ServiceNow, Artificial Intelligence (AI) will transform employment landscape, augment digital skill sets and create millions of new tech jobs. "AI and automation will require 16.2 million workers in India to reskill and upskill while also creating 4.7 million new tech jobs," the report said. India's digital skill ecosystem is also poised to grow in tandem, with ServiceNow's research revealing that additional application developers (75,000), data analysts (70,000), platform owners (65,000), product owners (65,000), and implementation engineers (55,000) will be needed by 2027, to meet the tech deficit. "We're working with every industry across the country to showcase best practice use of AI to drive meaningful business change and ensure these changes bring about ...

Apple complies with China clampdown on ChatGPT-like apps, removes 100 apps

The list of removed apps from the China App Store has Spark, ChatGAi Plus, and OpenCat. As per the sources, a notice received from Apple says that the apps contain "content that is illegal in China"

91% of Indian organisations experienced ransomware attacks in 2023: Report

100% of Indian organisations expect to suffer an identity-related compromise in 2023. 61% anticipate AI-enabled attacks. 80% expect layoffs and workforce churn to create new cybersecurity issues

EU, US to ready artificial intelligence code of conduct 'within weeks'

The forum was set up in 2021 to ease trade friction after the turbulent presidency of Donald Trump but has since set its sights largely on artificial intelligence