Page 71 - Latest Updates on Artificial intelligence
Best of BS Opinion: Sharp slowdown, unintended consequence and more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: Sharp slowdown, unintended consequence and more")
Time for AI in education: A transformative revolution akin to printing era
Human-conversation mode, I guess, is one key reason we all run to ChatGPT and similar AI tools often
Elon Musk urges court to block OpenAI 'illegal' for-profit conversion
A spokesperson for OpenAI said Musk's filing "again recycles the same baseless complaints" and "continues to be utterly without merit."
 "Elon Musk urges court to block OpenAI 'illegal' for-profit conversion")
Trilegal partners with AI platform Lucio to boost legal efficiency
Since May 2024, Lucio - developed by lawyers - has processed over 100,000 documents and 8 million pages of text
 "Trilegal partners with AI platform Lucio to boost legal efficiency")
Artificial intelligence democratising discovery ecosystem: Meta's Srinivas
Srinivas also added that this visibility and reach has meant several brands being first launched on Meta platforms - Instagram, Facebook, and Thread
 "Artificial intelligence democratising discovery ecosystem: Meta's Srinivas")
Most CFOs in India see GenAI boosting tax function efficiency: Report
Globally, 87 per cent of leaders echo this sentiment, underscoring GenAI's potential to revolutionize tax functions worldwide, said a EY Tax and Finance Operations (TFO) Survey 2024
 "Most CFOs in India see GenAI boosting tax function efficiency: Report")
SoftBank CEO Son ask Indian entrepreneurs to have exponential mindset
Masayoshi Son, who has been a vocal advocate for AI's transformative potential, previously predicted that AI could contribute up to 5% of global economic output by 2035
 "SoftBank CEO Son ask Indian entrepreneurs to have exponential mindset")
Pocket FM's revenue up 6x to Rs 1,052 crore in FY24, losses reduced
The revenue growth was primarily driven by subscription income from micro-transactions
 "Pocket FM's revenue up 6x to Rs 1,052 crore in FY24, losses reduced")
Dell forecasts downbeat Q4 revenue on weak PC demand, rival competition
Dell forecast fourth-quarter revenue between $24 billion and $25 billion, average analyst estimate is $25.57 billion, according to data compiled by LSEG
 "Dell forecasts downbeat Q4 revenue on weak PC demand, rival competition")
TakeMe2Space set to launch India's first AI laboratory in space
The mission will demonstrate real-time data processing in orbit, making space research more affordable and accessible
 "TakeMe2Space set to launch India's first AI laboratory in space")
GenAI startups see 3.4x funding surge in September quarter: Nasscom
In Q2 FY24, the total funds raised stood at $15 million across nine rounds, driven primarily by enterprise applications and Agentic AI
 "GenAI startups see 3.4x funding surge in September quarter: Nasscom")
Nvidia showcases AI model that can modify voices, generate novel sounds
It joins other technologies shown by startups such as Runway and larger players such as Meta Platforms that can generate audio or video from a text prompt
 "Nvidia showcases AI model that can modify voices, generate novel sounds")
AI analytics firm Pyramid Analytics secures $50 mn from BlackRock
The Amsterdam-incorporated company, which has offices in London, New York City and Tel Aviv, declined to disclose its equity valuation following the investment
 "AI analytics firm Pyramid Analytics secures $50 mn from BlackRock")
Microsoft previews Recall, Click to Do on Qualcomm-powered Copilot Plus PCs
Both these AI features will also be available on Intel and AMD processor-powered PCs eligible for Copilot Plus PC experience
 "Microsoft previews Recall, Click to Do on Qualcomm-powered Copilot Plus PCs")
Greening AI for sustainable computing: A call for tech firms, policymakers
AI is helping reduce energy wastage and improve business process efficiencies. However, its energy use may be neutralising the overall benefits from digitisation
 "Greening AI for sustainable computing: A call for tech firms, policymakers")
Age of AI is here as it is 'most important' for all times: Nvidia CEO Huang
The greatest challenges of our time, unimaginable challenges to overcome in the past, all of a sudden seem possible to tackle, Nvidia CEO added
 "Age of AI is here as it is 'most important' for all times: Nvidia CEO Huang")
Amazon doubles down on AI startup Anthropic with $4 billion investment
The e-commerce company's increased investment in Anthropic underscores the billions of dollars funneled into AI startups over the past year
 "Amazon doubles down on AI startup Anthropic with $4 billion investment")
Nvidia's Blackwell chip remains on track after forecast disappoints: CEO
Nvidia predicted fiscal fourth-quarter sales of about $37.5 billion. Though the average analyst estimate was $37.1 billion, projections ranged as high as $41 billion
 "Nvidia's Blackwell chip remains on track after forecast disappoints: CEO")
AI will play a huge role in financial inclusion, says Nandan Nilekani
He also added that all the building blocks of digitisation in India have been created in a way that promotes financial inclusion
 "AI will play a huge role in financial inclusion, says Nandan Nilekani")
Bengaluru has 57% of AI adaptability in Indian ecosystem: Priyank Kharge
The demography is a natural advantage that India has when it comes to talent
 "Bengaluru has 57% of AI adaptability in Indian ecosystem: Priyank Kharge")
