Page 118 - Latest Updates on Artificial intelligence
IT services companies' GenAI investments likely to soar this year
Clients in the Asia-Pacific (APAC) region are expected to treble their investments in GenAI, although they currently lag behind their North American counterparts
 "IT services companies' GenAI investments likely to soar this year")
Apac biz to triple spends on GenAI to $3.4 bn in 2024: Infosys Research
While the spending trails North America, Apac's adoption, effectiveness, and growth are among the highest globally, it said
 "Apac biz to triple spends on GenAI to $3.4 bn in 2024: Infosys Research")
AI-model developed to detect extremist users, ISIS-related content on X
Their work could help social media companies identify and eventually restrict such accounts in a timelier manner and abate their impact on online communities, they said
 "AI-model developed to detect extremist users, ISIS-related content on X")
US antitrust inquiry targets OpenAI, Anthropic's deals with big tech firms
In a statement, Microsoft said it would provide the FTC information to complete its review and that collaboration by American companies put the US ahead in AI
 "US antitrust inquiry targets OpenAI, Anthropic's deals with big tech firms")
Ola founder Bhavish's Krutrim becomes first $1 billion Indian AI startup
It becomes the first Indian AI startup to gain a billion-dollar valuation, a mere month after debuting a large language model, the firm said in a blog post
 "Ola founder Bhavish's Krutrim becomes first $1 billion Indian AI startup")
Elon Musk's AI start-up seeks to raise up to $6 bn from global investors
Thanks to the popularity of OpenAI's chatbot ChatGPT, the AI industry has been a rare bright spot in a subdued start-up funding environment
 "Elon Musk's AI start-up seeks to raise up to $6 bn from global investors")
Meity's Republic Day tableau focuses on AI for social empowerment
Artificial intelligence is a kinetic enabler to leap-frog traditional development barriers and catalyse large-scale socio-economic transformation in India, according to an official statement
 "Meity's Republic Day tableau focuses on AI for social empowerment")
FTC launches inquiry into AI deals such as Microsoft's OpenAI partnership
The FTC said it has issued compulsory orders to five companies requiring them to provide information regarding investments and partnerships
 "FTC launches inquiry into AI deals such as Microsoft's OpenAI partnership")
Microsoft hits $3 trillion market value, cementing strength of AI rally
The stock rose as much as 1.3% to $403.95, resulting in a market capitalization of $3 trillion. The threshold cements Microsoft's status as one of the largest public stocks
 "Microsoft hits $3 trillion market value, cementing strength of AI rally")
Startup AiDash raises $50 mn in funding for tech that uses AI, satellites
Company spots climate risks to power lines, plans hiring 150 people in India
 "Startup AiDash raises $50 mn in funding for tech that uses AI, satellites")
SAP unveils restructuring plan to trim costs, move to affect 8,000 jobs
Separately, SAP reported a 5 per cent gain in fourth-quarter non-IFRS revenue to €8.47 billion ($9.2 billion)
 "SAP unveils restructuring plan to trim costs, move to affect 8,000 jobs")
Deepfake audio of Biden alarms experts in lead-up to US elections
Meanwhile, deepfake detection tools are still in their infancy and remain inconclusive
 "Deepfake audio of Biden alarms experts in lead-up to US elections")
40% of our FY25 investments to be in AI: Coforge CEO Sudhir Singh
The Noida headquartered company plans to invest in setting up new cloud infrastructure and AI studio at its campus
 "40% of our FY25 investments to be in AI: Coforge CEO Sudhir Singh")
Microsoft, others making tools to help small businesses capitalise on AI
What's more, bigger companies are developing tools specifically to help small businesses integrate AI into their operations in more advanced ways
Meity to seeks govt nod for India AI program entailing Rs 10,000 cr: MoS IT
Working groups formed by the government on Artificial Intelligence (AI) on Friday recommended setting up a three-tier compute infrastructure comprising 24,500 Graphics Processing Units (GPUs)
 "Meity to seeks govt nod for India AI program entailing Rs 10,000 cr: MoS IT")
Fund managers burned in AI surge are giving up on active management
With the likes of Microsoft Corp. and Nvidia Corp. all but owning 2023's bull run, money managers faced a dilemma
 "Fund managers burned in AI surge are giving up on active management")
Humans still cheaper than AI in vast majority of jobs, finds MIT study
The adoption of AI across industries accelerated last year after OpenAI's ChatGPT and other generative tools showed the technology's potential
 "Humans still cheaper than AI in vast majority of jobs, finds MIT study")
OpenAI bans developer for bot mimicking US lawmaker, says repor
'We recently removed a developer account that was knowingly violating our API usage policies which disallow political campaigning, or impersonating an individual without consent,' OpenAI said
In India, 71% of retail businesses plan to adopt GenAI in a year: Survey
International companies like eBay, Walmart, and Nordstrom are integrating Generative AI (GenAI) for diverse applications. In India, 71 per cent of retail businesses plan to adopt GenAI in a year
 "In India, 71% of retail businesses plan to adopt GenAI in a year: Survey")
AI, ML-based systems show new-age face of Kerala's plantation sector
Automation is employed in a big way in irrigation as well as spraying of pesticides across plantations, besides diagnosis of pests infesting crops, the release said
 "AI, ML-based systems show new-age face of Kerala's plantation sector")
