Page 9 - Artificial Intelligence

IBM releases new AI models for businesses as genAI competition heats up

The new Granite models were trained using AI chip leader Nvidia's H100 graphics processor units (GPUs), said Dario Gil, IBM's director of research

Private banks leading AI adoption in banking services, says RBI study

Says AI likely to make banking services accessible to population at bottom of the pyramid

Apple iPhone 16 Pro Max review: A pro-grade phone set to get better with AI

While its full potential is expected to be unlocked with iOS 18.1's Apple Intelligence later this month, the iPhone 16 Pro Max already stands as a formidable device

When scammers cloned billionaire Sunil Mittal's voice to con his executive

Scammers often use AI voice clones to con commoners to transfer money or disclose financial information but it's rare when they try to impersonate a billionaire. This is exactly what scammers tried to do by cloning telecom czar Sunil Bharti Mittal's voice to scam his executive in Dubai to transfer money. Fortunately, the executive was smart enough to realise Mittal won't ask for such a huge money transfer and the scam was stopped in its tracks. On Monday, speaking at the NDTV World Summit, Mittal cited the incident to caution people about the risks posed by misuse of emerging technologies like AI. Mittal recounted how the said executive stationed in Dubai received a fraudulent call that seemed to mimic his voice and tone and directed that a large fund transfer be done. The official who was vigilant and "sensible" immediately realised it was a scam, Mittal said admitting that when he heard the voice recording himself he was completely "stunned" as "it was perfectly articulated just

We've secured a place at the table for large deals: Debashis Chatterjee

Debashis talks about what worked for the company, the combined forces of LTI and Mindtree and how clients are ramping up AI deals

44% of organisations see AI as key to competitive advantage: Report

A significant percentage of organisations see Artificial Intelligence as key to competitive advantage and said they have experienced a notable boost in productivity through AI integration, according to a new report. According to the "Industry 5.0 and AI report", compiled by BML Munjal University, 44 pc of organisations have experienced a significant boost in productivity through AI integration. Additionally, 21 pc reported that AI can play a pivotal role in driving innovation, enabling the development of new products, services and business models, particularly in sectors like finance, healthcare, manufacturing and marketing. "Approximately 33 pc of organizations focus on product development, while 29 pc leverage AI for customer service through chatbots and robotic process automation (RPA). Marketing teams, representing 19 pc of businesses, utilize AI for trend analysis, while 13 pc apply AI to improve supply chain management. Financial planning, though less prominent (6 pc), benefit

Microsoft-OpenAI ties shows signs of fraying due to concerns over stability

Microsoft had already pumped $13 bn into OpenAI, and Nadella was initially willing to keep the cash spigot flowing. But after OpenAI's board of directors briefly ousted Altman, Microsoft reconsidered

ITU secretary-general echoes PM's call for framework on digital tech

Points to the need for telecom standards setting the tone for ethical use of AI globally

India Mobile Congress: Qualcomm places production chips on India bet

Expects to source chips from India in the next two years as semiconductor plants here become operational

Parliament using AI to make House more people-friendly: LS Speaker Birla

Lok Sabha Speaker Om Birla on Thursday said Parliament was using artificial intelligence and related technologies for record-keeping and making speeches by members and other information available to the people in their mother tongue. Addressing the concluding session of the 149th assembly of the Inter-Parliamentary Union, Birla said in a multi-lingual society like India, it is necessary to facilitate parliamentarians to speak in their preferred languages. He highlighted the imperative of using technology/AI for record-keeping, making debates and speeches, and other information available to the people to make Parliament people-friendly. He said he was happy to note that the world parliamentary fraternity had appreciated India's initiatives of a green, tech-driven and paperless Parliament. Birla also participated in the Governing Council meeting of the IPU. He said the IPU was a productive forum for advancing global commitments to inclusive growth through parliamentary ...

There's a renewed focus on GCCs with tech emphasis: KPMG India CEO

"Well-being is integral to our people strategy. As a firm, we are committed to creating an environment where every employee can thrive"

GenAI start-up landscape witness broad-based growth, crosses 240 in H1 2024

Net funding addition of $152 million since H1 CY2023, cumulative funding grows over $750 million since 2023, according to Nasscom report

Largest Gen AI hackathon in Mumbai; over 2,000 developers to participate

Mumbai will host a landmark AI Week this month, starting with NVIDIA's flagship AI Summit-one of just three global conferences

Ericsson plans to expand R&D base in India, focuses on AI, 6G development

India is a key market for Swedish telecom gear maker Ericsson and the firm plans to expand its research and development (R&D) base in the country, a company executive said on Wednesday. Andres Vicente, Head of Southeast Asia, Oceania and India, Ericsson, speaking on the sidelines of India Mobile Congress 2024, said the company is stepping up the work on AI, Gen AI and Network APIs (Application Programming Interfaces) at its R&D centres in India. "India is one of the key markets for Ericsson across the world and we feel really proud of what we have achieved so far. We have been manufacturing in India since 1994," he said. The combination of high-performance, programmable networks and network APIs, along with a strong community of developers, will lead to significant growth and innovation. This presents a major opportunity for India, given its active developer and startup scene, he said. "We're going to invest more in research and development around 6G, network APIs and ...

EQT-backed Indium acquires majority stake in engineering firm Experion

This acquisition will expand Indium's geographic footprint and increase its headcount to approximately 5,000 employees

Advantageous to build new AI applications on top of LLMs: Accel's Kirani

In 2023, the world's early AI applications and large language models (LLMs) emerged primarily from the Bay Area, driven by highly specialised PhDs in deep learning. India then lagged in terms of access to these expert resources. A year later, the India story has changed dramatically. The year 2024 will go down as a turning point with engineers in India beginning to develop innovative AI applications across various verticals, without needing deep learning PhDs. The number of AI startups building solutions on top of LLMs has since surged significantly. India is rapidly becoming a global hub for AI applications, says Shekhar Kirani, a partner at global venture capital firm Accel. He points to specific examples that demonstrate India's unique advantage in AI. A Bengaluru-based engineering team, for instance, built an AI application that automates 10-Q filings for US companies. Traditionally handled by accounting firms, the process took several days. However, the team trained a ...

Lenovo Tech World 2024: New AI agent, ThinkPad AI laptop and more announced

Powered by Intel Core Ultra 200V series processors, the new Lenovo ThinkPad X1 2-in-1 Gen 10 Aura Edition laptop will offer Microsoft's Copilot+ AI experience as well as Lenovo's own suite of AI tools

Indian problems require Indian solutions: NCPCR chief on children's issues

NCPCR chairperson Priyank Kanoongo emphasised the need to find "Indian solutions to Indian problems and not follow European models," for solving children's issues, a philosophy he believes was his biggest challenge during his tenure as the chairperson of the apex child rights body. As he demits office on Wednesday, Kanoongo reflected on how his approach shaped his leadership and the initiatives he spearheaded. In an interview with PTI, Kanoongo said that one of his key challenges was adapting existing child welfare systems to fit the Indian context. Kanoongo critiqued the replication of European models in India and explained, "In Europe, children living with their grandparents are considered part of the extended family. But in our culture, we consider grandparents as immediate family. The challenge was to adapt such systems to the Indian context and give legal recognition to these relationships." Under his leadership, he said the National Commission for Protection of Child Rights .

A general framework for Cloud-driven AI needed, says Jio executive

Jio aims to provide subscription-based AI services to small businesses across sectors

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.