Artificial Intelligence

Consumer firms are reporting operational gains from AI, but evidence that these benefits are translating into higher revenue, margins or Ebit remains limited

The lender uses GST, account, bureau and other data in its AI-backed underwriting engine, while deploying the technology in fraud detection, customer care and cheque processing

India's app market crossed $345 million in Q2 revenue as AI, entertainment and digital services pushed non-gaming apps ahead, extending a trend seen in the first quarter

The country's largest lender, State Bank of India (SBI), used artificial intelligence to underwrite nearly Rs 1 lakh crore in MSME loans of up to Rs 5 crore each during 2025-26, a senior bank official said on Wednesday. "In FY26, in 12 months time, we are able to underwrite loans up to Rs 5 crore, both covering the new-to-bank customers, as well as existing customers. Almost Rs 1 lakh crore we were able to underwrite," SBI Managing Director Rama Mohan Rao Amara said at the annual FIBAC event here. He added that the bank is also deploying artificial intelligence, including Large Language Models (LLMs), to automate processing of cheques up to Rs 10,000. The use of AI has helped free up the bandwidth of relationship managers, who earlier spent considerable time collecting data and carrying out preliminary analysis, the official said. Cheques of up to Rs 10,000 account for around 25 per cent of the bank's cheque volumes, and the AI model can read the cheque and verify mandatory fields

Venture capital firm behind Flipkart and Swiggy closes ninth India fund as part of a record $3.5 billion global raise, betting AI lets homegrown startups build for the world from day one

In this session, Brad Sugars, Founder, ActionCOACH, provides guidance on building successful businesses, and gives tips to the students.

The British lender employs about 22,000 at its global capability centers in India, which support the bank's operations worldwide

Big Tech companies have signaled that spending on AI would not slow down, with combined outlays set to surpass $730 billion this year

The company has not set a release date for Nemotron 4 and has ‌yet to complete final training

The Alliance of General Information Press, which represents French newspapers and ​magazines, opposes the recent rollout of AI-generated article summaries by ‌Google without consultation

Spotify will display the ​badge on banners and About sections in artist profiles, as well as in Search and on track rows across playlists

IBM and Together AI will build a $240-million AI cluster using Nvidia's latest systems, reflecting rising demand for computing capacity to run open-source AI models

Comes at a time when maintaining merchant relationships becomes a paramount priority

Token prices have fallen sharply, but agentic workflows can consume far more of them, while data, infrastructure and governance add to costs, shifting the focus from usage to business returns

C S Setty said banks must take AI beyond retail applications to improve credit access, risk assessment and productivity while strengthening cybersecurity and governance

He said AI could become as significant to the current decade as liberalisation was to the 1990s and digitalisation to the 2010s

Meta has released the weights of Muse Glimmer, a 30-billion-parameter model built for local AI agents, coding and tool use, and designed to run on a Mac or PC with a single consumer GPU

Twenty-nine ​lawmakers, led by Representatives Greg Casar and Doris Matsui, pressed OpenAI to explain how ​its AI agents are monitored during testing

Zuckerberg's letter is the latest entry in the broader genre of manifestos from AI executives laying out their visions for the emerging technology

Google team is encouraging candidates for its open roles to fill out a special form alongside their application to eliminate the risk it may be automatically screened out by the company's AI systems