Peter Bendor-Samuel, CEO, Everest, a research firm, said there was a long curve before GenAI started generating money
The company was on the top of the list in 2022, but had slipped to fifth in 2023
Results from Microsoft Corp., Meta Platforms Inc., Amazon.com Inc. and Apple Inc. this week signaled that biggest companies in world are still heavily investing in artificial intelligence
IT hardware company Netweb Technologies on Saturday posted over three-fold jump in net profit to Rs 15.4 crore in the April-June quarter of 2024-25. The company had posted a net profit of Rs 5 crore in the same period a year ago. Total income also increased to Rs 153.21 crore during the reported quarter from Rs 60.2 crore in June 2023 quarter. "AI systems has emerged as a pivotal growth pillar, contributing significantly to our operating revenue, with its share increasing to 14.6 per cent in the quarter gone by, marking a robust growth of 146 per cent YoY," Sanjay Lodha, Chairman and Managing Director, Netweb Technologies said.
The Ministry of Electronics and Information Technology has urged tech firms to adopt advanced methods for obtaining parental consent while allowing them to determine the best practices independently
TCS is working on an AI-based interview coach that evaluates both the content of an employee's responses and their body language and tone, providing corrective feedback
The proposed legislation will be in addition to the proposed Digital Competition Bill, for which public consultations have already been completed
"We will continue to invest in software," Wagh said, adding capex in the CV business would be around 2-4 per cent of revenues
The tech industry body also recommended removing the 2.5 per cent tariff slab to enhance ease of business in the industry
Banning phones in schools to limited screen times at home: Vivek Murthy is advocating for proactive steps by all to safeguard mental health of the youth on social media platforms
The government has been approached by the digital news publishers regarding abuse of dominant position by big tech players in ad-revenue share agreements
AI creates a number of potential issues for data privacy, the two top officials at Ireland's Data Protection Commission said in an interview on Tuesday
India is the fastest-growing economy in the world and one of the high-growth nations within Netgear as well, said Charles Prober, chief executive officer of Netgear
Microsoft-backed OpenAI makes the popular ChatGPT chatbot, which sparked a race among the world's largest tech companies for dominance in the emerging generative AI field
This stands in stark contrast to the 650,000-700,000 individuals that the tech industry body Nasscom said have received training in AI within leading tech companies
The fake equipment compromised public and private sectors, including sensitive government systems used by the military
The four companies were allegedly supplying artificial intelligence chips for China's military modernisation programmes
Tech industry continued to outpace other sectors in jobs cuts through the first quarter of this year
There were four acquisitions each for financial technology and high-tech firms, three for enterprise infrastructure and two for media and entertainment
India is second-largest market for e-commerce major in terms of number of employees, only behind the US. Amazon is doubling down on its job creation efforts in the country