Page 10 - Artificial Intelligence

Bhavish Aggarwal-founded Krutrim AI's business head Ravi Jain resigns

The business head of Bhavish Aggarwal-founded artificial intelligence startup Krutrim AI, Ravi Jain, has quit, according to sources. Jain exited the company after putting in around three years, marking another high-profile exit from the Bengaluru-headquartered group this year. When contacted, the company declined to comment on the matter. Ola Krutrim is an AI startup, which has formed a series of strategic partnerships with global majors like Arm and Untether AI for the development of CPU and AI chips, platforms, and systems. In January 2024, Krutrim raised USD 50 million at a valuation of USD 1 billion in a funding round led by Matrix Partners. This made Krutrim the first artificial intelligence unicorn from India. Ola has seen several high-profile exits this year. Ola Cabs chief executive Hemant Bakshi left within three months of his appointment. In May, the chief financial officer of Ola Cabs and Ola Financial Services (Ola Mobility) Karthik Gupta, stepped down.

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

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

AI-led firms report higher growth, outpace peers in revenue, productivity

Companies embracing AI-led processes globally are experiencing remarkable growth, surpassing their peers with higher revenue growth and greater productivity, according to a report by Accenture. In India, the percentage of organisations fully modernised with AI has surged from 8 per cent in 2023 to an impressive 25 per cent in 2024, marking a significant leap in operational efficiency and revenue generation, the report said. 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. The report, titled "Reinventing Enterprise Operations with Gen AI," highlighted that globally, organisations that have adopted intelligent operations are achieving 2.5 times higher revenue growth and 2.4 times greater productivity than their peers. This trend underscores the transformative power of Generative AI, which has become a catalyst for innovation across various sectors. Notably, 79 per cent of Indian

Govt announces 3 AI CoEs for healthcare, agriculture, sustainable cities

Union Education Minister Dharmendra Pradhan on Tuesday announced three Artificial Intelligence Centres of Excellence (CoEs) focused on healthcare, agriculture and sustainable cities. The CoEs will be led by top educational institutions, in consortium with industry partners and startups. "The three CoEs in AI-healthcare, agriculture and sustainable cities', will democratise AI innovations and research to revolutionise healthcare delivery, strengthen food security and address critical urban challenges. These CoEs led by our top academic institutions will strengthen India's AI capabilities and power the growth of India's AI ecosystem," Pradhan said. "The CoEs in AI will emerge as temples of global public good. The talent and zeal that Bharat is blessed with, in the times ahead, these CoEs will be a key element of global public policy and also emerge as solution-providers of the world. "I am confident that the CoEs will give further impetus to the startup ecosystem in our country, help

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

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

Skill ministry, Meta partner to launch AI assistant for Skill India Mission

The Ministry of Skill Development & Entrepreneurship on Monday said it has entered into a partnership with Meta to launch an AI Assistant for the Skill India Mission and establish five centres of excellence in virtual reality and mixed reality. 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. Moreover, the five centres of excellence at National Skill Training Institutes (NSTIs) in Hyderabad, Bengaluru, Jodhpur, Chennai, and Kanpur will equip learners and instructors with the latest VR technology to learn and enhance existing skills in a safe, immersive, and engaging environment, according to a statement. "The partnership on AI assistant aims to streamline information access, improve learning outcomes, and provide students with seamless support through an intuitive digital interface. The five centres of excellence will also provide realistic .

AI enables unmatched agility; deployment be guided by regulations: Scindia

Artificial Intelligence (AI) is enabling unmatched agility and precision but its deployment must be guided by ethical considerations and robust regulatory framework, Communications Minister Jyotiraditya Scindia said on Monday. Speaking at the ITUWTSA event, the Minister asserted that governance of AI and Internet of Things (IoT) cannot be an "afterthought" and added that concerns of privacy and bias must be addressed to ensure that these technologies serve as a "force for good." "... We must address concerns of privacy, of bias and of transparency, ensuring that these technologies serve as a force for good," Scindia said. AI is reshaping contours of how information is stored and processed, the Minister said, adding it is enabling companies and individuals by unlocking unparalleled agility, precision and scalability. The Minister emphasised that the digital landscape and tech deployment therefore must be "guided by ethical considerations and robust regulatory framework". Speaking a

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

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

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

New document shows OpenAI's transformation from nonprofit to $157 bn giant

Back in 2016, a scientific research organisation incorporated in Delaware and based in Mountain View, California, applied to be recognized as a tax-exempt charitable organization by the Internal Revenue Services. Called OpenAI, the nonprofit told the IRS its goal was to advance digital intelligence in the way that is most likely to benefit humanity as a whole, unconstrained by a need to generate financial return. Its assets included a USD 10 million loan from one of its four founding directors and now CEO, Sam Altman. The application, which non-profits are required to disclose and which OpenAI provided to The Associated Press, offers a view back in time to the origins of the artificial intelligence giant that has since grown to include a for-profit subsidiary recently valued at USD 157 billion by investors. It's one measure of the vast distance OpenAI and the technology that it researches and develops has traveled in under a decade. In the application, OpenAI indicated it did no

Intel Core Ultra 200S series processors bring on-device AI to desktop PCs

Apart from a dedicated neural processing unit (NPU), the Intel Arrow Lake-S processors for desktops also offer significant reductions in power usage

AMD plans to start mass production of next AI chip later this year

AMD's Su also said at the event that the company does not currently have plans to use contract chip manufacturers beyond Taiwan's TSMC for advanced manufacturing processes

India, US collaborate on 'safe, secure, trustworthy' AI, says Seth Center

Among other areas of cooperation, India and the US's focus has also been on critical and emerging technologies that include artificial intelligence and quantum technologies

Delhi CEO captures 'peak Bengaluru moment' in hotel; netizens divided

Ananya Narang discovered instead a virtual receptionist managing all guest services remotely, which she described as her own 'peak Bengaluru moment'

Zoom expands AI features, introduces custom avatars and upgraded companion

Zoom has announced the next generation of Zoom AI Companion, the company's AI personal assistant, along with a custom add-on for AI Companion at an additional cost per month

'Reasoning' AI will depend on cheaper computing, says Nvidia CEO Huang

Nvidia will set the stage for these advances by boosting its chip performance every year by two to three times, at the same level of cost and energy consumption, Huang said

Google DeepMind's chemistry Nobel showcases AI's medical potential

The prize was also the second this week to involve artificial intelligence, highlighting the technology's growing significance in scientific research