Page 22 - Artifical Intelligence

Apple researchers show how the company plans on running AI models on-device

From large language models running entirely on device to a next-generation Siri, here is how Apple plans to take on the likes of Microsoft and Google in the AI space

Socially construct the right AI

…and achieve societal benefit, not harm

Financial Intelligence Unit arms itself with AI to check money laundering

India's Financial Intelligence Unit (FIU) has operationalised an advanced 2.0 version of its information technology system, armed with artificial intelligence and machine learning tools, to check money laundering and terrorist financing crimes in the country's economic channels. The upgrade of the technological backbone was required as the volume of data (suspicious transaction reports) flagged by banks and various other financial institutions to the FIU for analysis and further dissemination to investigative and intelligence organisations has been "increasing", a latest report for the 2022-23 fiscal said. The agency was set up in 2004 to "play a decisive role in India's fight against the menace of money laundering and terrorism financing" under the legal setup of the Prevention of Money Laundering Act (PMLA). The recently released report has been accessed by PTI which says that the Financial Intelligence Network (FINnet) 2.0 was envisaged as the country's regulatory environment has

In red-hot AI space, funds for Indian startups cooling down: Traxcn

PE/VC funding down 71% in CY23; it has slowed further in this year

These Samsung phones from 2022 get Galaxy AI features with OneUI 6.1 update

Reportedly, Samsung has started rolling out OneUI 6.1 update with Galaxy AI features to Galaxy S22 series smartphones

Maharashtra govt asks police to crack down on deepfake creators

The Maharashtra government on Friday directed the state police to take stern action against those creating deepfakes, saying such content is a cause for concern amid the poll season. According to an official release, the number of deepfakes and doctored photos being circulated on social media and digital media has risen during the ongoing Lok Sabha elections. Deepfake is a video of a person in which their appearance has been digitally altered so that they look like somebody else. Such manipulated content is being created using machine learning (ML) or artificial intelligence (AI), it said, adding that the use of this machinery during elections is a cause for concern. Deepfake content creates misunderstanding and is defamatory, said the government. The government has asked the Director-General of Police (DGP) to curb such practices and ensure a clean and transparent electoral process. The police have been asked to take stern action against anti-social elements making and circulatin

OpenAI's ChatGPT facing widespread outage across web and smartphone app

According to Downdetector, reported outages for OpenAI spiked up from 11am on May 3 with 90 per cent of reported problems being with ChatGPT

Apple has advantage over the competition in generative AI, says Tim Cook

Cook said, Apple continues to make significant investments in generative AI and the company will share "some very exciting things" soon

Israeli cyber security startup Apex gets initial investment from Sam Altman

"We started Apex to build the extra layers of security that's needed for enterprises to adopt (AI)," said Apex's CEO, Matan Derman

Anthropic launches Claude 3 AI-powered iPhone app to compete with ChatGPT

Anthropic said it can be used by finance teams to generate investment reports, engineering teams working on large bases of code or sales teams collaborating on how to land a large client

Amazon beats estimates; AI boosts cloud growth, revenue forecast lags

Shares of the Seattle-based e-commerce and tech company climbed less than 2 per cent in extended trade after its current-quarter revenue forecast came in below expectations

Eight US newspapers sue OpenAI, Microsoft for copyright infringement

A group of eight U.S. newspapers is suing ChatGPT-maker OpenAI and Microsoft, alleging that the technology companies have been purloining millions of copyrighted news articles without permission or payment to train their artificial intelligence chatbots. The New York Daily News, Chicago Tribune, Denver Post and other papers filed the lawsuit Tuesday in a New York federal court. We've spent billions of dollars gathering information and reporting news at our publications, and we can't allow OpenAI and Microsoft to expand the Big Tech playbook of stealing our work to build their own businesses at our expense, said a written statement from Frank Pine, executive editor for the MediaNews Group and Tribune Publishing. The other newspapers that are part of the lawsuit are MediaNews Group's Mercury News, Denver Post, Orange County Register and St. Paul Pioneer-Press, and Tribune Publishing's Orlando Sentinel and South Florida Sun Sentinel. All of the newspapers are owned by Alden Global ...

Banks could boost revenues by 6% with Generative AI: Accenture report

Banks can significantly increase employee productivity and revenues by incorporating generative AI (GenAI) in their operations, according to a report by IT company Accenture. Accenture analysed publicly available employee data to estimate the impact of generative AI on banking tasks. The company modelled the financial implications for over 150 large banks globally, including Indian public and private sector banks, over a three-year period. "Banks that move quickly to scale generative AI across their organisations could increase their revenues by up to 600 bps (basis points) in three years," the research revealed. Banks which effectively adopt and scale generative AI could increase employee productivity by up to 30 per cent by streamlining numerous language-related tasks, it said. "Operating income could increase by around 20 per cent, while return on equity levels could rise by 300 bps...By helping banks operate more efficiently, the technology could lead to 1-2 per cent in cost ..

Amazfit Balance smartwatch gets AI features with ZeppOS 3.5 update in India

Zepp OS 3.5 update is exclusive to the Amazfit Balance smartwatch in India, with subsequent rollouts planned for the Amazfit Cheetah series, Amazfit Falcon, and Amazfit T-Rex Ultra from May onwards

Now, OpenAI's ChatGPT remembers details to offer personalised experience

Announced in February, OpenAI's Memory feature is now available to ChatGPT Plus paid subscribers globally, except those in Europe and Korea

China emerges as a hub for 369 unicorns; AI and semiconductor sectors lead

Chinese unicorns command an impressive average valuation of US$3.8 billion, with AI unicorns leading the pack at an average valuation of US$6.76 billion

Azim Premji's family office to invest more money in AI to prop $10 bn fund

PremjiInvest, the largest Indian family office that manages over $10 billion for software tycoon Azim Premji, will invest more money into AI companies while fine-tuning its AI investment tools

Former Tech Mahindra India biz head Mitra quits to set up AI startup

Former Tech Mahindra India business head Jagdish Mitra has set up an AI startup with a proposed initial investment of Rs 65-80 crore. The startup is likely to commence operations in the next three months. "We will start going to customers in 8-12 months. Initially, we will invest USD 8-10 million," Mitra -- one of the contenders for the post of Tech Mahindra CEO position after CP Gurnani resigned -- told PTI. "Cost arbitrage factor, driven by manpower, is going to be seriously impacted. It will be driven by values. We need to move from a cost-driven proposition to a value-driven proposition. "We are going to focus on value proposition. Our firm will start operations within a quarter," Mitra, who moved out of Tech Mahindra earlier this month, said. Without disclosing the name of the company, Mitra said the firm will focus on manufacturing, retail, and sportstech and operate both from the US as well as India. "Everyone will not develop chatGPT models. It will cost a huge amount of

AI edition of books

In any case, AIs are known to be biased, to have hallucinations, and to lack a sense of reality. A shade of uncertainty thus remains

Google extends Gemini AI app support to older-generation Android devices

Initially available for Android 12 or later, Google's Gemini app is now supported on devices based on Android 10 and Android 11 operating systems