Page 128 - Latest Updates on Artificial intelligence
Samsung Electronics' profit surges after AI boom reverses its chip losses
The results underscore how demand for the memory chips that power modern electronics and artificial intelligence is starting to rebound after a severe downturn
 "Samsung Electronics' profit surges after AI boom reverses its chip losses")
Wipro bags AI deal to transform Nokia's digital workplace services
Wipro said its team will build a "bespoke" artificial intelligence-powered, cloud-based solution for Nokia's workforce of around 86,700 users globally in 130 countries of operations
 "Wipro bags AI deal to transform Nokia's digital workplace services")
Tech Mahindra partners with Atento to offer GenAI-powered services
Atento is a customer relationship management (CRM) and business transformation outsourcing (BTO) company in Latin America
 "Tech Mahindra partners with Atento to offer GenAI-powered services")
Shah deepfake video: Case against Maha Youth Cong's social media handle
In the fake video, BJP leader Shah was purportedly seen announcing the curtailment of reservation rights of the SCs, STs and OBCs
 "Shah deepfake video: Case against Maha Youth Cong's social media handle")
Microsoft set to invest $1.7 billion in cloud, AI in Indonesia: CEO Nadella
Microsoft will train 2.5 million people in Southeast Asia in AI use by 2025, Nadella said
 "Microsoft set to invest $1.7 billion in cloud, AI in Indonesia: CEO Nadella")
Artificial intelligence startups face rough financial reality check
Investors have poured $330 billion into about 26,000 AI and machine-learning startups over the past three years, according to PitchBook
 "Artificial intelligence startups face rough financial reality check")
Global alternative firm Investcorp acquires NSEIT for Rs 1,000 crore
NSEIT is a leading provider of advanced digital transformation and cybersecurity services focused on global customers in capital markets, insurance, and banking
 "Global alternative firm Investcorp acquires NSEIT for Rs 1,000 crore")
Investors may have a higher focus on deeptech, Gen AI, climate tech in 2024
The report focuses on investment activity across seed and pre-Series A stages, by analysing market information, along with a survey conducted with 22 leading institutional early-stage investors
 "Investors may have a higher focus on deeptech, Gen AI, climate tech in 2024")
Rapid adoption: India's BPM industry on cusp of revolution amid GenAI use
BPM industry has been growing faster than the IT services sector, which has been impacted by macroeconomic uncertainties
 "Rapid adoption: India's BPM industry on cusp of revolution amid GenAI use")
India takes top rank in world artificial intelligence race, shows data
In leading countries, 60 per cent of companies had AI projects "up and running"
 "India takes top rank in world artificial intelligence race, shows data")
AI inside: Tech simplifies and automates routine work for IT firms
AI can be used in a variety of functions: From HR management to sales and coding. Senior executives say companies must continuously train employees in the technology and keep them skilled
 "AI inside: Tech simplifies and automates routine work for IT firms")
Shipping to shopping, AI is making food safe
AI's application in food and beverage is a market worth $9.68 bn and it is expected to reach $48.99 bn by 2029
 "Shipping to shopping, AI is making food safe")
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")