Page 102 - Latest Updates on Artificial intelligence
To fund artificial intelligence boom, technology plans plumbing upgrade
The money being thrown at technology to support artificial intelligence is also a reminder of spending patterns of the dot-com boom of the 1990s
 "To fund artificial intelligence boom, technology plans plumbing upgrade")
Alphabet, Microsoft earnings show hefty AI bets are driving growth
After pouring billions of dollars into the infrastructure needed to support AI applications, both Alphabet and Microsoft reported that their quarterly revenue growth was outpacing expectations
 "Alphabet, Microsoft earnings show hefty AI bets are driving growth")
Elon Musk escalates OpenAI fight with subpoena of ex-board member Toner
The subpoena, which was signed on Tuesday, demanded that Toner hand over information by May 21, 2024
 "Elon Musk escalates OpenAI fight with subpoena of ex-board member Toner")
Alphabet Inc beats revenue estimates as AI fuels cloud growth in Q1
The company also said it would pay a dividend of 20 cents a share, its first ever, and repurchase an additional $70 billion in stock. The shares jumped 13 per cent in extended trading
 "Alphabet Inc beats revenue estimates as AI fuels cloud growth in Q1")
Meta chief Zuckerberg asks for patience after AI push irks investors
After Meta revealed that it will spend billions of dollars more than expected this year - fueled by investments in artificial intelligence - the company's CEO did his best to soothe Wall Street
 "Meta chief Zuckerberg asks for patience after AI push irks investors")
AI offers remarkable opportunity for India: Qualcomm India President Soin
The India growth story is compelling, and the country with its strength and scale has a 'remarkable opportunity' with hybrid AI
 "AI offers remarkable opportunity for India: Qualcomm India President Soin")
'AI could replace the need for call centres': TCS CEO Krithivasan
K Krithivasan believes that the demand for IT talent will always increase and employment will not be in trouble
 "'AI could replace the need for call centres': TCS CEO Krithivasan")
SK Hynix expects full chip recovery after strong earnings on AI boom
"The memory market is entering into full recovery cycle with ongoing strength of AI demand," SK Hynix said
 "SK Hynix expects full chip recovery after strong earnings on AI boom")
What IT sector wants: AI push, clarity on labour laws on LS polls wishlist
Industry leaders highlighted the need to prioritise original research and development in software intellectual property (IP) creation and the simplification of labour laws
 "What IT sector wants: AI push, clarity on labour laws on LS polls wishlist")
Police register case against X user over deepfake video of Ranveer Singh
The First Information Report was registered on a complaint filed by the actor's father, Jugjeet Singh Bhavnani, against the user @sujataindia1st, an official said
 "Police register case against X user over deepfake video of Ranveer Singh")
Aionos to bridge silos within aviation, hospitality using AI: Rahul Bhatia
Aionos, wherein IGE will hold the majority shareholding, was launched here on Tuesday in presence of Gurnani and Bhatia
 "Aionos to bridge silos within aviation, hospitality using AI: Rahul Bhatia")
Microsoft launches lightweight artificial intelligence model Phi-3-mini
SLMs are designed to perform simpler tasks, making it easier for use by companies with limited resources, the company said
 "Microsoft launches lightweight artificial intelligence model Phi-3-mini")
Adobe to bring tool for AI image generation to Photoshop this year
Adobe is developing its own image-generation AI system called Firefly, which is trained on data that Adobe has rights to, in order to avoid copyright infringement claims against users
 "Adobe to bring tool for AI image generation to Photoshop this year")
InterGlobe, Assago set up AI business venture AIonONS; eyes partnerships
InterGlobe has a significant presence in the Travel, Transportation, Logistics, and Hospitality (TTLH) segment, and the country's largest airline IndiGo is part of the group
 "InterGlobe, Assago set up AI business venture AIonONS; eyes partnerships")
Genpact launches innovation centre in Gurugram to support AI-first approach
Facility will offer Genpact and its clients a space to explore 'new ideas' and capabilities
India leads in GenAI adoption, investment trends likely to rise: Report
According to the report, 81 per cent of Indian organisations have already implemented GenAI, making India the leader in adopting generative artificial intelligence technologies
CCI set to study impact of AI on competition, efficiency and innovation
"The transformative capabilities of AI have significant pro-competitive potential; at the same time, there may be competition concerns emanating from the use of AI," the CCI stated
Cognizant, Microsoft announce partnership to expand adoption of GenAI
Cognizant purchased 25,000 Microsoft 365 Copilot seats for Cognizant associates, along with 500 Sales Copilot seats and 500 Services Copilot seats
 "Cognizant, Microsoft announce partnership to expand adoption of GenAI")
Ranveer Singh files complaint after viral deepfake video endorsing Congress
In the now-viral deepfake video, Ranveer Singh was seen criticising Prime Minister Narendra Modi regarding issues of unemployment and inflation
 "Ranveer Singh files complaint after viral deepfake video endorsing Congress")
Global IT spend bottoming out
Near-term outlook muted; medium-term offers hope
 "Global IT spend bottoming out")
