Page 7 - Latest Updates on Artificial intelligence
Anthropic's revenue rises 45% to $16.8 billion in Q3 ahead of IPO
The company is preparing for a potential November listing, seeking to convince investors that its rapid revenue growth and improving efficiency can sustain heavy spending on computing and research
 "Anthropic's revenue rises 45% to $16.8 billion in Q3 ahead of IPO")
Shamrock AI raises $5 million in seed round led by Endiya Partners
Shamrock AI has raised $5 million in seed funding led by Endiya Partners to develop its enterprise AI assurance platform, strengthen its team and expand its customer base
 "Shamrock AI raises $5 million in seed round led by Endiya Partners")
Accenture bets on AI, targets mid-single-digit growth for next two years
Accenture aims for mid-single-digit revenue growth in constant currency in FY27 and FY28, followed by faster growth from FY29, as AI services help offset revenue pressure
 "Accenture bets on AI, targets mid-single-digit growth for next two years")
Electricity data sharing framework to launch this month: Power secy
The framework aims to unify fragmented power sector data through a standardised digital architecture, with machine-readable datasets and secure APIs for authorised users
 "Electricity data sharing framework to launch this month: Power secy")
Open-source AI models carry more cybersecurity risks: Anthropic executive
Ahead of its expected public listing, Anthropic is facing increasing competition in countries that are growing more concerned about a reliance on American AI technology
 "Open-source AI models carry more cybersecurity risks: Anthropic executive")
AI shouldn't be stifled, but unchecked use will be 'foolish': Sunil Mittal
Mittal said India is putting out a consultation paper on regulations, and guardrails around AI
 "AI shouldn't be stifled, but unchecked use will be 'foolish': Sunil Mittal")
Tata Power builds diversified energy pipeline to tap data centre growth
Tata Power is playing a key role in powering some of India's largest hyperscalers and AI-ready digital infrastructure projects
 "Tata Power builds diversified energy pipeline to tap data centre growth")
Govt to roll out data centre policy as concerns grow over power use
The move follows protests by residents in cities such as Mumbai and Visakhapatnam against data centres planned by Amazon and Google over concerns including water and electricity use
 "Govt to roll out data centre policy as concerns grow over power use")
AI demand for chipmaking tools may outpace supply in next 2 years: ASML
ASML said its current supply plans mean it won't be able to fully meet demand in 2027 and 2028
 "AI demand for chipmaking tools may outpace supply in next 2 years: ASML")
Global turbulence to rise in coming years from AI, debt risks: Vaishnaw
Technology will remain a highly globalised field, he emphasised, adding that global value chains will be multi-border, multi-country, and multi-geography, reflecting the nature of the industry itself
 "Global turbulence to rise in coming years from AI, debt risks: Vaishnaw")
Tired of AI slop? Facebook gives users more control over Feed and Reels
Facebook's new AI-powered tools let users specify what they want to see more or less of in Feed and Reels, with a 'Your algorithm' section to manage topics and refine recommendations
 "Tired of AI slop? Facebook gives users more control over Feed and Reels")
OpenAI employee arrested for planting hidden recording device in office
Saudi national Abdulrahman Alfozan, 35, was arrested after allegedly hiding a recording device in an OpenAI executive conference room to capture sensitive discussions
 "OpenAI employee arrested for planting hidden recording device in office")
Orbital data centres risk military attacks as AI drives computing demand
Tech companies are pursuing orbital data centres to power AI, but experts warn that military attacks could create debris that renders crucial areas of space unusable
 "Orbital data centres risk military attacks as AI drives computing demand")
New safeguards sharply reduce AI distillation attacks, says Anthropic
Anthropic said it had made it harder to use proxy networks to repeatedly probe Claude's protected reasoning, blocking extraction attempts and hindering large-scale distillation efforts
 "New safeguards sharply reduce AI distillation attacks, says Anthropic")
Data centre demand to outstrip supply as AI usage grows, say experts
NTT Data and Brookfield executives expect strong data centre demand amid rising AI adoption, but warn that power infrastructure, skilled talent and capacity constraints pose challenges
 "Data centre demand to outstrip supply as AI usage grows, say experts")
AI helps Infosys' Finacle suite reduce friction in its sales process
Infosys Finacle is using AI to reduce sales process time by 60-70 per cent, while deploying multiple language models to improve banking efficiency and control costs
 "AI helps Infosys' Finacle suite reduce friction in its sales process")
Alibaba unveils $450 Qwen AI glasses in expanding push into gadgets
Alibaba's new Qwen Glasses N1 series starts at $450 and features improved cameras, AI integration and eye-tracking capabilities as the company expands its consumer hardware portfolio
 "Alibaba unveils $450 Qwen AI glasses in expanding push into gadgets")
Two-thirds of MSMEs use AI tools, but only 21% deploy biz software: Study
A CII-ISB study finds 65.8 per cent of surveyed MSMEs use AI tools, but just 21 per cent deploy ERP or customised software, highlighting gaps in technology adoption and productivity.
 "Two-thirds of MSMEs use AI tools, but only 21% deploy biz software: Study")
Vigilance, not pause, answer to AI risks: IBM India & South Asia MD
Innovations from India can be scaled and applied anywhere in the world, he said, pointing to Indian innovations such as UPI
 "Vigilance, not pause, answer to AI risks: IBM India & South Asia MD")
Nandan Nilekani-backed Fundamentum raises ₹3K crore for AI, deeptech
The Nandan Nilekani-backed growth-stage fund plans to invest ₹100-200 crore each in 12-15 AI and deeptech companies over the next two to three years, with a hard cap of ₹3,500 crore
 "Nandan Nilekani-backed Fundamentum raises ₹3K crore for AI, deeptech")