Page 8 - Latest Updates on Artificial intelligence
RBI sets compliance blueprint for AI-driven finance under draft framework
The draft framework requires regulated entities to establish board-approved model risk management systems covering all models, including AI and machine learning applications
 "RBI sets compliance blueprint for AI-driven finance under draft framework")
EXLService Holdings to acquire AI training firm iMerit for $310 million
The acquisition will strengthen EXL's AI capabilities, expand its presence in high-growth sectors and deepen partnerships with foundation model developers
 "EXLService Holdings to acquire AI training firm iMerit for $310 million")
ClickPost's AI agent Parth tackles non-delivery issues of ecommerce players
The AI-powered voice agent automates customer outreach after failed deliveries, helping ecommerce brands reduce return-to-origin shipments and improve delivery success rates
 "ClickPost's AI agent Parth tackles non-delivery issues of ecommerce players")
Enterprise AI enters new phase as firms shift focus from adoption to ROI
AI investment is accelerating across industries, but enterprises are increasingly focused on measuring returns, scaling deployments, adopting agentic AI, and reshaping workforces
 "Enterprise AI enters new phase as firms shift focus from adoption to ROI")
Anthropic's Mythos finds vulnerabilities in classified US govt systems
Anthropic teamed up with Washington's intelligence agencies to conduct tests using Mythos under Project Glasswing
 "Anthropic's Mythos finds vulnerabilities in classified US govt systems")
China takes supercomputer crown from US for first time since 2017
A supercomputer in Shenzhen was declared the world's fastest. It uses only standard microprocessors and not the special-purpose chips called graphics processing units
 "China takes supercomputer crown from US for first time since 2017")
AI startup sues US over export curbs on Anthropic's advanced models
The suit, filed Tuesday in federal court in Washington, comes less than two weeks after Anthropic disabled access to its most advanced AI models, Fable 5 and Mythos 5
 "AI startup sues US over export curbs on Anthropic's advanced models")
On the anvil: Broader AI risk framework for cos launching new services
The proposed framework is expected to set guardrails for AI tools, create a regulatory sandbox and define accountability norms for companies operating in India
 "On the anvil: Broader AI risk framework for cos launching new services")
SK Hynix to Samsung Electronics: Tech titans tumble as AI bets face doubts
A sharp selloff in South Korean chipmakers fuelled concerns over the sustainability of artificial intelligence spending, dragging equity markets lower worldwide
 "SK Hynix to Samsung Electronics: Tech titans tumble as AI bets face doubts")
AI is already rewriting reality, but getting women wrong, says UN Women
Organisation highlights bias, digital violence and lack of representation ahead of two global conferences
 "AI is already rewriting reality, but getting women wrong, says UN Women")
Japan's Sakana AI says Fugu Ultra matches Mythos on certain benchmarks
What are Fugu and Fugu Ultra, the AI systems through which Japan's Sakana AI is betting on 'One Model To Command Them All' and claiming Mythos-level performance on some benchmarks?
 "Japan's Sakana AI says Fugu Ultra matches Mythos on certain benchmarks")
Kospi crash, SpaceX fall: Is bull-run in AI-related stocks nearing an end?
While AI as a concept is here to stay, said U R Bhat, co-founder & director, Alphaniti Fintech, it is the valuation of the related companies that's worrisome.
 "Kospi crash, SpaceX fall: Is bull-run in AI-related stocks nearing an end?")
South Korean stocks tumble 10% from record, triggering trading halt
The Kospi closed down 10%, with losses extending after a 20-minute trading suspension by the Korea Exchange
 "South Korean stocks tumble 10% from record, triggering trading halt")
Oracle cuts 21,000 jobs in 12 months, cites AI-driven workforce changes
The company's global headcount shrank to 141,000 full-time employees as of the May 31 end of the fiscal year, compared with 162,000 a year earlier
 "Oracle cuts 21,000 jobs in 12 months, cites AI-driven workforce changes")
India's biggest equity fund makes contrarian bet on IT stocks amid AI fears
PPFAS Mutual Fund's $14.9 billion Flexi Cap Fund has added exposure to IT services companies over the past three months to May as valuations cooled sharply
 "India's biggest equity fund makes contrarian bet on IT stocks amid AI fears")
India's global IPO share at 6-year low following mega SpaceX listing
In the month of the Covid year, the share had fallen to less than 1 basis point
 "India's global IPO share at 6-year low following mega SpaceX listing")
Info Edge invested in over 50 AI, deep-tech companies since 2020
Naukri parent has invested more than Rs 1,000 crore across over 50 AI and deep-tech startups since 2020, with its overall startup portfolio now valued at Rs 41,300 crore
 "Info Edge invested in over 50 AI, deep-tech companies since 2020")
UP eyes 9% of India's data centre capacity with ₹4.9 trn investment
Uttar Pradesh aims to attract ₹4.9 trillion in investments and emerge as a major data centre hub, backed by AI-focused, green digital infrastructure
 "UP eyes 9% of India's data centre capacity with ₹4.9 trn investment")
Reliance's AI strategy bets on compute, power and connectivity at scale
Reliance's AGM showed the conglomerate is shifting from being viewed as an energy-retail giant to an AI infrastructure player built around data centres, compute, connectivity, and power
 "Reliance's AI strategy bets on compute, power and connectivity at scale")
WazirX bets on AI, futures trading to fuel comeback after $235-mn hack
The AI tool is expected to help users execute trades, conduct research, analyse market sentiment and evaluate investment opportunities
 "WazirX bets on AI, futures trading to fuel comeback after $235-mn hack")