Page 2 - Latest Updates on Artificial intelligence
Lovable's $13.3 billion valuation puts AI coding's SaaS challenge in focus
Since launching in November 2024, users have created more than 60 million projects on the platform, which now sees more than 900 million monthly visits to apps built on it
 "Lovable's $13.3 billion valuation puts AI coding's SaaS challenge in focus")
SBI used AI to underwrite nearly ₹1 trillion MSME loans in FY26: Amara
The lender uses GST, account, bureau and other data in its AI-backed underwriting engine, while deploying the technology in fraud detection, customer care and cheque processing
 "SBI used AI to underwrite nearly ₹1 trillion MSME loans in FY26: Amara")
AI adoption surges, but are consumer firms seeing measurable returns?
Consumer firms are reporting operational gains from AI, but evidence that these benefits are translating into higher revenue, margins or Ebit remains limited
 "AI adoption surges, but are consumer firms seeing measurable returns?")
AI, entertainment push app revenue to record $345 mn in Q2: Sensor Tower
India's app market crossed $345 million in Q2 revenue as AI, entertainment and digital services pushed non-gaming apps ahead, extending a trend seen in the first quarter
 "AI, entertainment push app revenue to record $345 mn in Q2: Sensor Tower")
SBI uses AI to underwrite nearly ₹1 trillion in MSME loans in FY26
SBI is also using AI-based early warning signals to identify vulnerable exposures before delinquencies emerge, by analysing sector-specific, market and other publicly available information
 "SBI uses AI to underwrite nearly ₹1 trillion in MSME loans in FY26")
Accel bets $550 million on India's next wave of founders for AI era
Venture capital firm behind Flipkart and Swiggy closes ninth India fund as part of a record $3.5 billion global raise, betting AI lets homegrown startups build for the world from day one
 "Accel bets $550 million on India's next wave of founders for AI era")
Standard Chartered expects India tech hub roles to grow as AI expands
The British lender employs about 22,000 at its global capability centers in India, which support the bank's operations worldwide
 "Standard Chartered expects India tech hub roles to grow as AI expands")
Nvidia partners with Wall Street giants to raise $500 bn for AI buildout
Big Tech companies have signaled that spending on AI would not slow down, with combined outlays set to surpass $730 billion this year
 "Nvidia partners with Wall Street giants to raise $500 bn for AI buildout")
Nvidia building 1-trillion-parameter Nemotron 4 to rival leading AI models
The company has not set a release date for Nemotron 4 and has yet to complete final training
 "Nvidia building 1-trillion-parameter Nemotron 4 to rival leading AI models")
French press body asks competition watchdog to take action over Google AI
The Alliance of General Information Press, which represents French newspapers and magazines, opposes the recent rollout of AI-generated article summaries by Google without consultation
 "French press body asks competition watchdog to take action over Google AI")
Spotify to add 'AI Persona' badges on AI-generated artist profiles from Sep
Spotify will display the badge on banners and About sections in artist profiles, as well as in Search and on track rows across playlists
 "Spotify to add 'AI Persona' badges on AI-generated artist profiles from Sep")
IBM, Together AI ink $240 million multi-year agreement for AI cluster
IBM and Together AI will build a $240-million AI cluster using Nvidia's latest systems, reflecting rising demand for computing capacity to run open-source AI models
 "IBM, Together AI ink $240 million multi-year agreement for AI cluster")
Fintech firms Paytm, Pine Labs double down on adding sales employees
Comes at a time when maintaining merchant relationships becomes a paramount priority
 "Fintech firms Paytm, Pine Labs double down on adding sales employees")
Tokens to usage: Why cheaper AI still leaves enterprises with bigger bills
Token prices have fallen sharply, but agentic workflows can consume far more of them, while data, infrastructure and governance add to costs, shifting the focus from usage to business returns
 "Tokens to usage: Why cheaper AI still leaves enterprises with bigger bills")
AI's next banking frontier is rural India, small businesses: SBI Chairman
C S Setty said banks must take AI beyond retail applications to improve credit access, risk assessment and productivity while strengthening cybersecurity and governance
 "AI's next banking frontier is rural India, small businesses: SBI Chairman")
Only AI alone can help limit AI frauds, says RBI Governor Malhotra
He said AI could become as significant to the current decade as liberalisation was to the 1990s and digitalisation to the 2010s
 "Only AI alone can help limit AI frauds, says RBI Governor Malhotra")
Muse Glimmer 30B: Meta bets on open AI models that can run on Macs and PCs
Meta has released the weights of Muse Glimmer, a 30-billion-parameter model built for local AI agents, coding and tool use, and designed to run on a Mac or PC with a single consumer GPU
 "Muse Glimmer 30B: Meta bets on open AI models that can run on Macs and PCs")
US House Democrats seek answers from OpenAI, Anthropic over rogue AI agents
Twenty-nine lawmakers, led by Representatives Greg Casar and Doris Matsui, pressed OpenAI to explain how its AI agents are monitored during testing
 "US House Democrats seek answers from OpenAI, Anthropic over rogue AI agents")
5 key takeaways from Mark Zuckerberg's 6,500-word manifesto on AI
Zuckerberg's letter is the latest entry in the broader genre of manifestos from AI executives laying out their visions for the emerging technology
 "5 key takeaways from Mark Zuckerberg's 6,500-word manifesto on AI")
Google's DeepMind team warns job seekers of unreliable HR filters
Google team is encouraging candidates for its open roles to fill out a special form alongside their application to eliminate the risk it may be automatically screened out by the company's AI systems
 "Google's DeepMind team warns job seekers of unreliable HR filters")