Page 68 - Latest Updates on Artificial intelligence
Microsoft to cut 3% of global workforce amid AI investment focus: Report
Microsoft did not immediately respond to a Reuters request for comment. The company's stock was slightly lower in morning trading
 "Microsoft to cut 3% of global workforce amid AI investment focus: Report")
Softbank reports 1st profit in 4-yrs; India bets Ola, Swiggy weigh on SVF2
SoftBank posts ¥1.15 trillion FY25 profit but reports ¥561.7 bn loss in SVF2 due to share declines in Indian bets Ola and Swiggy, which fell nearly 40 per cent
 "Softbank reports 1st profit in 4-yrs; India bets Ola, Swiggy weigh on SVF2")
AI firm Perplexity eyes $14 billion in valuation in fresh funding round
Venture capital firm Accel is set to lead the round, the report said. Perplexity did not immediately respond to a Reuters request for comment
 "AI firm Perplexity eyes $14 billion in valuation in fresh funding round")
LTIMindtree bags record $450 million deal with global agribusiness firm
As part of the deal LTIMindtree will implement an AI-powered operating model to deliver application management infrastructure support and cybersecurity services
 "LTIMindtree bags record $450 million deal with global agribusiness firm")
A lot is being built in India in Cloud tech and AI: Bikram Singh Bedi
India has a large population and its innovation "stays significantly ahead of the curve", he said
 "A lot is being built in India in Cloud tech and AI: Bikram Singh Bedi")
Artificial intelligence checks in: How it is changing the travel sector
AI-powered advisors, facial recognition and GenAI chatbots are among tools that people, airlines and the hospitality industry are using to make travel more comfortable and convenient
 "Artificial intelligence checks in: How it is changing the travel sector")
In first address, Pope Leo XIV warns AI is greatest threat to humanity
Pope Leo XIV pledged to continue church reforms and highlighted artificial intelligence as a major challenge to human dignity, fairness, and the future of work
 "In first address, Pope Leo XIV warns AI is greatest threat to humanity")
Wipro ropes in ex-Goldman Sachs exec Sandeep Dhar to lead GCC business
Dhar joins Wipro to head GCC practice, combining AI and consulting to help global firms scale innovation hubs as part of broader strategy to revive growth under Srini Palia
 "Wipro ropes in ex-Goldman Sachs exec Sandeep Dhar to lead GCC business")
Google Cloud in talks with govt on India AI mission, says Bikram Singh Bedi
Public sector, government, companies that work with the government, and other verticals such as finance, which are regulated by the government, remain key focus areas for Google Cloud
AI's potential depends on ethical governance, equitable access: Expert
At a UM6P-hosted summit, academics and business leaders discussed how AI is reshaping scientific, industrial, and entrepreneurial innovation through foundational and transformative roles
 "AI's potential depends on ethical governance, equitable access: Expert")
Can India keep up with AI's soaring demand for infra, GPUs, and talent?
Despite generating 20% of global data, India accounts for just 3% of the world's data centre capacity currently
 "Can India keep up with AI's soaring demand for infra, GPUs, and talent?")
Apple defends $20 bn Google search deal by claiming it's unnecessary
Apple plans to reshape its Safari web browser around artificial intelligence services such as OpenAI's ChatGPT, Perplexity AI Inc. and Anthropic PBC's Claude
 "Apple defends $20 bn Google search deal by claiming it's unnecessary")
AI regulation needs global cooperation, not isolated moves: Sitharaman
Speaking in Milan, Finance Minister calls for common global framework for the technology
 "AI regulation needs global cooperation, not isolated moves: Sitharaman")
Bengaluru-based Routematic raises ₹340 cr, defies electric vehicle dip
The move is important as it comes at a time when the app-based mobility space - both business-to-business (B2B) and business-to-consumer (B2C) - has been under a cloud
 "Bengaluru-based Routematic raises ₹340 cr, defies electric vehicle dip")
Fintech giant Paytm set to go slow on hiring replacements for exiting staff
Paytm's non-sales employee cost dropped 35.6 per cent in Q4FY25 as the company opted not to backfill roles, leaning on AI to enhance productivity and trim expenses
 "Fintech giant Paytm set to go slow on hiring replacements for exiting staff")
Tech Wrap May 7: GTA 6 new trailer, Microsoft Surface, Google Simplify
GTA 6's second trailer has now been released. Microsoft has expanded Surface lineup in India. Google rolls out new AI feature for iOS. OnePlus 13s teaser video out
 "Tech Wrap May 7: GTA 6 new trailer, Microsoft Surface, Google Simplify")
AI adoption still in early stages for most global enterprises: Accenture
Accenture says most firms are still experimenting with AI, with just 15 per cent beyond pilot stage; agentic systems expected to fuel the next major transformation
Sam Altman backtracks on for-profit ambitions, OpenAI to remain non-profit
US AI-research and deployment company OpenAI has decided to go with a public benefit corporation (PBC) while still keeping the non-profit in charge, satisfying regulators, the public, and investors
 "Sam Altman backtracks on for-profit ambitions, OpenAI to remain non-profit")
Google might bring 'Live for AI mode' to Lens: What is it and how it works
With Live for AI mode, users would reportedly be able to share their screens with Google Lens and it will provide them with information based on search results
 "Google might bring 'Live for AI mode' to Lens: What is it and how it works")
AI boom drives global data centre growth despite soaring costs: Moody's
Global data centre expansion accelerates to meet AI and cloud demands; challenges include rising energy needs, supply chain disruptions, and power infrastructure constraints
 "AI boom drives global data centre growth despite soaring costs: Moody's")