Page 19 - Latest Updates on Artificial intelligence
Fractal Analytics IPO opens Feb 9: GMP at 10%; 5 key risks you should know
Fractal Analytics IPO will be offered at a price band of ₹857 to ₹900 per share, with a lot size of 16 shares
 "Fractal Analytics IPO opens Feb 9: GMP at 10%; 5 key risks you should know")
Amazon plans AI use in film and TV production to cut rising studio costs
Amazon plans to use AI to speed up film and TV production, rein in rising studio costs and enhance creativity, while keeping writers, directors and actors at the centre of the process
 "Amazon plans AI use in film and TV production to cut rising studio costs")
White House adviser Kratsios to lead US delegation to AI summit in India
The India-AI Impact Summit will be held from February 16 to 20 at Bharat Mandapam, New Delhi, marking the first global AI summit to be hosted in the Global South
 "White House adviser Kratsios to lead US delegation to AI summit in India")
IT shares in focus as ADRs slide overnight; why are tech stocks falling?
ADRs of Wipro and Infosys fell by up to 3.3 per cent on Wednesday, extending losses after declining around 6 per cent amid rising concerns about the global tech sector
 "IT shares in focus as ADRs slide overnight; why are tech stocks falling?")
Tech stocks sink as Anthropic AI triggers global selloff; Nifty IT skids 6%
The Nifty IT index plummeted 5.9 per cent, the steepest intraday fall since April 7, 2025, with the fall led by Persistent Systems, LTIMindtree, and Infosys
 "Tech stocks sink as Anthropic AI triggers global selloff; Nifty IT skids 6%")
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")