Page 76 - Latest Updates on Artificial intelligence
44% of organisations see AI as key to competitive advantage: Report
According to the "Industry 5.0 and AI report", compiled by BML Munjal University, 44 pc of organisations have experienced a significant boost in productivity through AI integration
 "44% of organisations see AI as key to competitive advantage: Report")
Microsoft-OpenAI ties shows signs of fraying due to concerns over stability
Microsoft had already pumped $13 bn into OpenAI, and Nadella was initially willing to keep the cash spigot flowing. But after OpenAI's board of directors briefly ousted Altman, Microsoft reconsidered
 "Microsoft-OpenAI ties shows signs of fraying due to concerns over stability")
ITU secretary-general echoes PM's call for framework on digital tech
Points to the need for telecom standards setting the tone for ethical use of AI globally
 "ITU secretary-general echoes PM's call for framework on digital tech")
India Mobile Congress: Qualcomm places production chips on India bet
Expects to source chips from India in the next two years as semiconductor plants here become operational
 "India Mobile Congress: Qualcomm places production chips on India bet")
Parliament using AI to make House more people-friendly: LS Speaker Birla
Addressing the concluding session of the 149th assembly of IPU, Birla said in a multi-lingual society like India, it is necessary to facilitate parliamentarians to speak in their preferred languages
 "Parliament using AI to make House more people-friendly: LS Speaker Birla")
There's a renewed focus on GCCs with tech emphasis: KPMG India CEO
"Well-being is integral to our people strategy. As a firm, we are committed to creating an environment where every employee can thrive"
 "There's a renewed focus on GCCs with tech emphasis: KPMG India CEO")
GenAI start-up landscape witness broad-based growth, crosses 240 in H1 2024
Net funding addition of $152 million since H1 CY2023, cumulative funding grows over $750 million since 2023, according to Nasscom report
 "GenAI start-up landscape witness broad-based growth, crosses 240 in H1 2024")
Largest Gen AI hackathon in Mumbai; over 2,000 developers to participate
Mumbai will host a landmark AI Week this month, starting with NVIDIA's flagship AI Summit-one of just three global conferences
 "Largest Gen AI hackathon in Mumbai; over 2,000 developers to participate")
Ericsson plans to expand R&D base in India, focuses on AI, 6G development
Ericsson currently has R&D sites in Chennai, Bengaluru and Gurugram that work across telecom domains spanning Transport, Packet Core, OSS, BSS, Cloud and advanced AI technologies
 "Ericsson plans to expand R&D base in India, focuses on AI, 6G development")
EQT-backed Indium acquires majority stake in engineering firm Experion
This acquisition will expand Indium's geographic footprint and increase its headcount to approximately 5,000 employees
 "EQT-backed Indium acquires majority stake in engineering firm Experion")
Advantageous to build new AI applications on top of LLMs: Accel's Kirani
According to Kirani, India's vast services sector encompassing call centres, accounting, healthcare management, IT, and document processing offers access to a rich dataset for training AI models
 "Advantageous to build new AI applications on top of LLMs: Accel's Kirani")
Lenovo Tech World 2024: New AI agent, ThinkPad AI laptop and more announced
Powered by Intel Core Ultra 200V series processors, the new Lenovo ThinkPad X1 2-in-1 Gen 10 Aura Edition laptop will offer Microsoft's Copilot+ AI experience as well as Lenovo's own suite of AI tools
 "Lenovo Tech World 2024: New AI agent, ThinkPad AI laptop and more announced")
Indian problems require Indian solutions: NCPCR chief on children's issues
Under his leadership, he said the National Commission for Protection of Child Rights (NCPCR) implemented a family-centred approach that he believes effectively addressed many issues
 "Indian problems require Indian solutions: NCPCR chief on children's issues")
A general framework for Cloud-driven AI needed, says Jio executive
Jio aims to provide subscription-based AI services to small businesses across sectors
 "A general framework for Cloud-driven AI needed, says Jio executive")
Bhavish Aggarwal-founded Krutrim AI's business head Ravi Jain resigns
Jain exited the company after putting in around three years, marking another high-profile exit from the Bengaluru-headquartered group this year
 "Bhavish Aggarwal-founded Krutrim AI's business head Ravi Jain resigns")
We want to embed our AI Force platform across our customers: HCLTech CEO
He talks about the growth triggers, spend mindset and GenAI deal growth
 "We want to embed our AI Force platform across our customers: HCLTech CEO")
Saudi Arabia's ambitious tech leap aims to lead in cyberspace governance
What is worth noting is that Saudi Arabia has gone all out to develop and leverage advanced science and technology to underpin its rapid economic and social transformation
 "Saudi Arabia's ambitious tech leap aims to lead in cyberspace governance")
AI-led firms report higher growth, outpace peers in revenue, productivity
The findings are based on a survey of 2,000 executives across 12 countries and 15 industries, including insights from 200 senior executives based in India
Govt announces 3 AI CoEs for healthcare, agriculture, sustainable cities
The CoE in healthcare will be led by IIT Delhi and AIIMS, while the CoE in agriculture will be led by IIT Ropar. The sustainable cities CoE will be led by IIT Kanpur
 "Govt announces 3 AI CoEs for healthcare, agriculture, sustainable cities")
Over-reliance on AI poses financial stability risks: RBI Governor Das
Feasibility of expanding RTGS to settle transactions in USD, Euro, GBP can be explored
 "Over-reliance on AI poses financial stability risks: RBI Governor Das")
