Page 17 - Latest Updates on Artificial intelligence
ElevenLabs raises $500 million in Series D, valuation jumps to $11 bn
Sequoia-led funding round triples voice-AI startup's valuation as it expands beyond speech into full audio stack
 "ElevenLabs raises $500 million in Series D, valuation jumps to $11 bn")
Anthropic's upgraded AI tool may intensify competition in tech world
Anthropic's update to its agentic AI tool Claude Cowork is fuelling concerns over disruption in software and IT services, as AI agents begin to replace legacy workflows
 "Anthropic's upgraded AI tool may intensify competition in tech world")
Technology Development Board issues first call of proposal under RDI fund
The statutory body invited applications on a rolling basis in priority areas such as energy transition, AI, quantum computing, robotics and space
 "Technology Development Board issues first call of proposal under RDI fund")
Most of our users have never seen a line of code in their life Mukund Jha
Emergent CEO Mukund Jha explains how Emergent went from zero to $50 million in seven months by letting business owners build their own software
 "Most of our users have never seen a line of code in their life Mukund Jha")
Fractal Analytics sets IPO price band, eyes ₹14,450 crore valuation
Fractal will launch its IPO for retail investors on February 9, while anchor investors can bid on February 6
 "Fractal Analytics sets IPO price band, eyes ₹14,450 crore valuation")
Musk's xAI merger with SpaceX poses bigger threat to OpenAI, Anthropic
Musk is attempting to supercharge his efforts to build more powerful AI systems with help from one of his most successful ventures
 "Musk's xAI merger with SpaceX poses bigger threat to OpenAI, Anthropic")
OpenAI fills safety job listed at $555,000 with hire from rival Anthropic
Altman named Dylan Scandinaro, who was previously listed as being on an AI safety team at Anthropic, in a post on the social media platform X
 "OpenAI fills safety job listed at $555,000 with hire from rival Anthropic")
Infosys to help US bank Citizens set up AI innovation hub in India
Infosys will work with US-based Citizens to launch an AI-first innovation hub in Bengaluru to drive AI-led transformation across banking operations and services
 "Infosys to help US bank Citizens set up AI innovation hub in India")
From aspiration to action: The promise of the India AI Impact Summit
The India summit seeks to bridge this divide by emphasising measurable results in healthcare, agriculture, education, climate action and governance
 "From aspiration to action: The promise of the India AI Impact Summit")
Adobe Firefly offers unlimited AI image, video generations to subscribers
Adobe has removed monthly credit limits in Firefly, allowing subscribers to generate unlimited images and videos across AI models, with early sign-ups open until March 16
 "Adobe Firefly offers unlimited AI image, video generations to subscribers")
Talent crunch deepens as 74% recruiters struggle to find right hires
Nearly 74% of recruiters in India are struggling to find qualified candidates even as hiring remains well above pre-pandemic levels, with AI-generated applications and skill shortages adding pressure
 "Talent crunch deepens as 74% recruiters struggle to find right hires")
Oracle plans 20,000-30,000 job cuts to fund data centre expansion
Employees linked to data centres and non-core units are likely to be most at risk
 "Oracle plans 20,000-30,000 job cuts to fund data centre expansion")
New Google AI tool can study DNA changes and predict disease risk
Google DeepMind's AlphaGenome can analyse long stretches of DNA to predict how hidden genetic changes affect gene regulation, offering new clues to cancer, heart disease and mental illness
 "New Google AI tool can study DNA changes and predict disease risk")
Amazon, other firms cite AI for layoffs, real reason remains unclear
Like many companies, in technology and otherwise, but particularly those that make and sell AI tools and services, Amazon has been pushing its workforce to find more efficiencies with AI
 "Amazon, other firms cite AI for layoffs, real reason remains unclear")
Budget 2026-27 lays blueprint for a future-ready digital ecosystem
Budget 2026 sketches an ambitious AI- and cloud-led growth model, but sustained R&D investment will be crucial if India is to become a creator, not just a consumer, of technology
 "Budget 2026-27 lays blueprint for a future-ready digital ecosystem")
Nvidia halts plan to invest $100 billion in OpenAI after talks collapse
The discussions stalled after some inside Nvidia expressed concerns about the transaction, the Wall Street Journal said, citing unidentified people familiar with the deliberations
 "Nvidia halts plan to invest $100 billion in OpenAI after talks collapse")
Apple loses several AI researchers, top Siri executive amid talent exodus
Apple's AI challenges have contributed to a stock slump this year - even as the company's sales reach new heights
 "Apple loses several AI researchers, top Siri executive amid talent exodus")
Govt to provide AI infrastructure, GPUs to universities for skilling
AI tools, GPUs and indigenous datasets will be provided to 500 universities as the Centre steps up efforts to boost AI skills, research and innovation
 "Govt to provide AI infrastructure, GPUs to universities for skilling")
Retail banking: AI is changing the world, responsible adoption is crucial
Retail bankers say AI can reshape banking, but trust, governance, explainable models, and high-quality data are essential for safe and sustainable adoption
 "Retail banking: AI is changing the world, responsible adoption is crucial")
Apple warns memory costs are starting to bite as makers prioritise AI chips
Samsung, the world's second-largest smartphone maker, also bracing for the impact of the chip shortage, with its mobile business profit slumping 10 per cent in the fourth quarter.
 "Apple warns memory costs are starting to bite as makers prioritise AI chips")