Artificial Intelligence

Oracle co-founder Larry Ellison has dismissed fears that artificial intelligence (AI) will kill the traditional software industry, saying it will instead let companies build complete, ready-to-use applications for entire industries that need no training and can be switched on without lengthy installations. Speaking at Oracle AI World here, Ellison, the company's executive chairman and chief technology officer, rejected talk of a "SaaS apocalypse", in which businesses would use AI to build their own applications instead of buying software-as-a-service (SaaS) products. "I don't think that's quite true. I think companies will continue to build applications, but they will be quite different because of AI. They will be much, much better," he noted. Business software has so far never been fully finished for any one industry, Ellison said. A hospital, bank or hotel using even the best commercial products has had to build its own extensions or connect applications from other vendors. "Beca

India is one of Oracle NetSuite's highest-priority markets, a senior company executive said, adding that small Indian businesses, especially those outside the big metros, are increasingly using artificial intelligence (AI) and cloud to expand into new states and, in some cases, overseas. Speaking to PTI on the sidelines of Oracle AI World, Amit Suxena, group vice president and head of Asia at Oracle NetSuite, an AI-native business management platform, said momentum among Indian businesses had been growing over the last four to five years. "One of the biggest advantages India has is that we have a young population which is actually now native to using cloud and AI, which means that India is not burdened like some of the other mature economies where they like to use legacy systems," Suxena said. He said technology was narrowing the gap between small firms and large companies, letting smaller businesses grow beyond the city they started in. "Overall, from a business perspective, I'm .

The move reflects OpenAI's multipronged bid to quickly add more AI processing power

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AIShield will operate as an independent company under Protectt.ai, with fresh capital aimed at research, global expansion and sovereign AI security capabilities

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Amazon, Google and Microsoft customers can buy access to Anthropic's AI models through their existing cloud accounts. The cloud providers bill the customer, keep a fee and pass the rest to Anthropic

Amazon, Google and leading investment firms have poured billions into the Claude maker, whose public listing will test investor appetite for AI companies beyond Silicon Valley

Private bank chiefs say AI adoption must move beyond pilots to large-scale implementation, with a focus on customer experience, productivity, data governance and cybersecurity