Page 17 - Latest Updates on Artificial intelligence
Oracle cuts 21,000 jobs in 12 months, cites AI-driven workforce changes
The company's global headcount shrank to 141,000 full-time employees as of the May 31 end of the fiscal year, compared with 162,000 a year earlier
 "Oracle cuts 21,000 jobs in 12 months, cites AI-driven workforce changes")
India's biggest equity fund makes contrarian bet on IT stocks amid AI fears
PPFAS Mutual Fund's $14.9 billion Flexi Cap Fund has added exposure to IT services companies over the past three months to May as valuations cooled sharply
 "India's biggest equity fund makes contrarian bet on IT stocks amid AI fears")
India's global IPO share at 6-year low following mega SpaceX listing
In the month of the Covid year, the share had fallen to less than 1 basis point
 "India's global IPO share at 6-year low following mega SpaceX listing")
Info Edge invested in over 50 AI, deep-tech companies since 2020
Naukri parent has invested more than Rs 1,000 crore across over 50 AI and deep-tech startups since 2020, with its overall startup portfolio now valued at Rs 41,300 crore
 "Info Edge invested in over 50 AI, deep-tech companies since 2020")
UP eyes 9% of India's data centre capacity with ₹4.9 trn investment
Uttar Pradesh aims to attract ₹4.9 trillion in investments and emerge as a major data centre hub, backed by AI-focused, green digital infrastructure
 "UP eyes 9% of India's data centre capacity with ₹4.9 trn investment")
Reliance's AI strategy bets on compute, power and connectivity at scale
Reliance's AGM showed the conglomerate is shifting from being viewed as an energy-retail giant to an AI infrastructure player built around data centres, compute, connectivity, and power
 "Reliance's AI strategy bets on compute, power and connectivity at scale")
WazirX bets on AI, futures trading to fuel comeback after $235-mn hack
The AI tool is expected to help users execute trades, conduct research, analyse market sentiment and evaluate investment opportunities
 "WazirX bets on AI, futures trading to fuel comeback after $235-mn hack")
AI will sharpen business cycles, increase stressed assets, says Sahoo
Former IBBI chief M S Sahoo said AI will make business cycles more frequent and sharp, increasing stressed assets and adding to the insolvency ecosystem's load
 "AI will sharpen business cycles, increase stressed assets, says Sahoo")
Agent marketplace one of our large bets, says PayU CPO Manas Mishra
PayU is building AI-powered tools and agent marketplaces as it bets on agentic commerce and payments becoming the next frontier in digital transactions
 "Agent marketplace one of our large bets, says PayU CPO Manas Mishra")
Transforming the terrain: India's marketing space ready for AI revolution
Indian CMOs are leading global AI adoption, making bold investments in agentic commerce and personalisation to drive growth, a BCG survey shows
 "Transforming the terrain: India's marketing space ready for AI revolution")
India, South Korea discuss cooperation in digital governance, AI
The discussion came up during a meeting between Republic of Korea Minister of Interior and Safety Yun Hojung and Union Minister of State for Personnel Jitendra Singh
 "India, South Korea discuss cooperation in digital governance, AI")
AI-made ads promise cheaper reach, but can brands avoid slop trap?
Disney's AI ad tool could lower video costs for SMEs and regional brands, but Indian marketers warn that scale without human judgement may weaken trust, recall and regulation
 "AI-made ads promise cheaper reach, but can brands avoid slop trap?")
Anthropic not security threat: Trump dismisses concerns following AI curbs
Trump said Anthropic had 'behaved very responsibly' after the Commerce Department's order requiring approval before foreign nationals could access its most advanced AI models
 "Anthropic not security threat: Trump dismisses concerns following AI curbs")
Nobel prize winner John Jumper to leave Google's DeepMind for Anthropic
Jumper played a key role in Google's AI coding efforts, and his exit adds to the company's challenges in competing with Anthropic, OpenAI and Elon Musk's SpaceX in the AI race
 "Nobel prize winner John Jumper to leave Google's DeepMind for Anthropic")
More companies see debt instruments downgraded as financial stress rises
Share of instruments that faced such action rose to almost a five-year high in May
 "More companies see debt instruments downgraded as financial stress rises")
AI accelerating projects, clearing work backlogs: Deutsche Bank executive
Deutsche Bank said AI tools are improving efficiency across its operations, enabling teams to clear work queues significantly faster
 "AI accelerating projects, clearing work backlogs: Deutsche Bank executive")
Employers seek adaptable workers as AI reshapes entry-level jobs: Study
The study finds AI is rapidly transforming entry-level roles, with employers increasingly prioritising adaptability, AI fluency and human-centric skills over traditional expertise
 "Employers seek adaptable workers as AI reshapes entry-level jobs: Study")
'Next 20 years will mirror geopolitical turbulence of 1925-1945,' warns CEA
V Anantha Nageswaran said businesses must prioritise resilience over efficiency as geopolitical tensions rise, while arguing that AI will increase, not reduce, human cognitive load
 "'Next 20 years will mirror geopolitical turbulence of 1925-1945,' warns CEA")
Relationship between LLM and services firms is symbiotic: Coforge CEO
Coforge aims to reach $5 billion in revenue within four years, banking on AI-driven demand while viewing LLM firms as partners rather than competitors
 "Relationship between LLM and services firms is symbiotic: Coforge CEO")
Irdai sets up working group to guide AI adoption in insurance sector
The working group will guide insurers on AI adoption, governance and oversight while ensuring policyholder interests and data protection remain safeguarded
 "Irdai sets up working group to guide AI adoption in insurance sector")