Page 141 - Latest Updates on Artificial intelligence
Munich AI accord
Big Tech commits itself to countering election misuse
 "Munich AI accord")
March Fed pivot ruled out, May rate cut less likely: Vikram Sahu
Sahu says the US elections and Fed pivot will benefit emerging markets (EMs) this year
 "March Fed pivot ruled out, May rate cut less likely: Vikram Sahu")
Sebi using AI for investigations, says whole time member Kamlesh Chandra
As long as the market is transparent and no manipulation is happening, that is fine with the regulator, he noted
 "Sebi using AI for investigations, says whole time member Kamlesh Chandra")
Gemini not reliable on political topics: Google on chatbot's response on PM
In an e-mail statement, a Google spokesperson said, "We've worked quickly to address this issue"
 "Gemini not reliable on political topics: Google on chatbot's response on PM")
Nvidia's stellar result shifts focus to AI-linked stocks of Indian firms
Shares of Nvidia rose 16 per cent after its result, adding $277 billion in market cap to $1.96 trillion, making it the third-most valuable company in the US ahead of Amazon
 "Nvidia's stellar result shifts focus to AI-linked stocks of Indian firms")
Nvidia briefly hits $2 trillion valuation as AI frenzy grips Wall Street
The milestone followed another bumper revenue forecast from the chip designer that drove up its market value by $277 billion on Thursday - Wall Street's largest one-day gain on record
 "Nvidia briefly hits $2 trillion valuation as AI frenzy grips Wall Street")
Use of AI can prevent stressed assets: IMF ED Krishnamurthy Subramanian
Subramanian said India should follow the global practice where the bourses and the regulator need to be informed when there is a violation of a technical covenant
 "Use of AI can prevent stressed assets: IMF ED Krishnamurthy Subramanian")
Nvidia surges after company proclaims AI has hit 'tipping point': Report
The shares jumped about 13% in premarket trading on Thursday following the announcement. They earlier closed at $674.72 in New York, leaving them up 36% for the year
Disney leans on AI in latest class of startup investments: Report
Walt Disney Co. chose three companies working on artificial intelligence to be among the five picked for its annual business incubator program
 "Disney leans on AI in latest class of startup investments: Report")
Google pauses AI image generation of people after race inaccuracies
Earlier this week, Google said it was aware Gemini was offering what it called 'inaccuracies in some historical image generation depictions.'
 "Google pauses AI image generation of people after race inaccuracies")
57% Indian consumers prefer AI tools over human interaction, shows data
Human interaction remains a top choice when considering aspects of decision-making, customer support, and returns or cancellations, said the survey
 "57% Indian consumers prefer AI tools over human interaction, shows data")
Generative AI will be disappointing in the short term, says Noshir Kaka
Noshir Kaka, Senior Partner and Co-lead of global Technology, Media & Telecommunications Practice, McKinsey & Company, says that GenerativeAI (GenAI) is like a double-edged sword
 "Generative AI will be disappointing in the short term, says Noshir Kaka")
Majority of Capgemini's 2 billion euros investment in AI coming to India
The other big focus of the investment for the firm is partnership and setting up CoEs. India has always been the centre point for the firm when it comes to CoEs. At present, the firm has over 100 CoEs
 "Majority of Capgemini's 2 billion euros investment in AI coming to India")
Google releases 'open' artificial intelligence models after Meta, others
The Alphabet subsidiary said individuals and businesses can build AI software based on its new family of "open models" called Gemma, for free
 "Google releases 'open' artificial intelligence models after Meta, others")
AI model backed by Mukesh Ambani's Reliance Industries to launch in March
The BharatGPT group, encompassing an arm of India's most valuable company and eight affiliated universities, offered a sneak peek of the large language model Tuesday
 "AI model backed by Mukesh Ambani's Reliance Industries to launch in March")
Artificial intelligence to save more time for chartered accountants: ICAI
"AI taking away the compliance part from the chartered accountants and giving them more scope to work on bigger areas... AI cannot overtake human intelligence," Agarwal said
Tech cos in India hope for chunk in $300 bn global AI market by 2027
The country has several advantages, including one of the world's largest pools of IT and engineering talent and a fast-growing domestic market, they concluded
 "Tech cos in India hope for chunk in $300 bn global AI market by 2027")
'A large part of our Gen AI asset development happens from india'
Ghosh speaks on the sidelines of Nasscom Technology Leadership Forum in Mumbai, and shares India's role in driving the GenAI strategy
 "'A large part of our Gen AI asset development happens from india'")
AI market in India to touch $17 billion by 2027: Nasscom-BCG report
The Nasscom report in partnership with BCG was released on Tuesday at the sidelines of the Nasscom Technology & Leadership Forum 2024 here
AI framework to be presented by July: MoS IT Rajeev Chandrasekhar
He also said the approach to regulating AI in India would be similar to the way the government has introduced rules around the Internet
 "AI framework to be presented by July: MoS IT Rajeev Chandrasekhar")