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Amazon will continue to expand the use of automation technologies across operations in India and deploy advanced systems for inventory management at its fulfilment centres in the country, a senior company executive said. In an interview with PTI, Amazon Robotics Chief Technologist Tye Brady said the company already uses several automation solutions in its Indian fulfilment network and remains committed to investing in the market, where it has announced significant long-term capital commitments. Amazon has invested USD 40 billion in India and has announced plans for another USD 35 billion investment through 2030. "There are robotic systems in India (fulfilment centres of Amazon), like, the SLAM labeler, systems that we use for inventory control, for inventory management. That we will continue to invest in," Brady said on the sidelines of Amazon's Delivering the Future EMEA 2026 event in London. SLAM (scan, label, apply, manifest) labeler is an automated system used in large fulfilme
India is poised to add nearly USD 2 trillion in market capitalisation through technology over the next decade, creating large companies, which will reshape the country's economic landscape, said VC firm Accel on Wednesday. "India is going to add USD 2 trillion of market cap using technology in the next decade," said Accel Partner Prayank Swaroop while speaking at the ongoing AI Impact Summit here. Technology companies currently account for only 4-5 per cent of India's overall market capitalisation, however, he projected that this share could rise sharply to 15-20 per cent in the next 10 years. "This means there are going to be lots and lots of USD 100 billion companies that will get created," Swaroop said, adding that it would be a "massive jump". This is an opportunity that is available for Indians in India, from India and for the world, the venture capitalist added. Highlighting the role of Artificial Intelligence (AI), Swaroop said "what we are seeing in AI today is very fast.
Artificial intelligence is rapidly reshaping industries, workplaces and the daily digital life, emerging as one of the most transformative technologies - and a focal point of global conversations. As chatter around AI intensifies ahead of the mega summit that New Delhi is set to host, here is a straightforward guide to some frequently used terms making headlines, and what they mean. From LLMs to guardrails, decoding AI vocabulary: ----------------------------------------------------- -- AI: First things, first. Artificial Intelligence, or AI, refers to the simulation of human intelligence by machines. Think of it as systems designed to perform tasks that typically require human intelligence - understanding language, recognising images, making decisions, solving problems, and increasingly, creating content such as text, music or videos. At its core, AI is about enabling machines to learn from data. Instead of being programmed step-by-step for every scenario - as is the case with ..