Ai Models

Meta announces 'Movie Gen' AI model: What is it, how it works, and more

Movie Gen AI model can generate videos of up to 16 seconds in 1080p resolution and also produce background audio for videos, said Meta

AI global market may touch $990 bn by 2027 with 40-55% AGR: Report

The global market for artificial intelligence (AI)-related products and services is expected to grow at an annual rate of 40-55 per cent, and can reach up to USD 990 billion by 2027, a report has said. Bain & Company's 5th annual Global Technology Report said AI workloads could grow about 25-35 per cent per year through 2027. "Bain estimates that the total addressable market for AI-related hardware and software will grow between 40 per cent and 55 per cent annually for at least the next three years, reaching between USD 780 billion and USD 990 billion by 2027. Fluctuations in supply and demand will create volatility along the way, but a long-term, durable trajectory seems like it is here to stay," it said. As AI expands, the need for computing power will radically expand the scale of large data centers over the next five to 10 years, it added. "AI will spur growth in data centers, from today's 50-200 megawatts to more than a gigawatt. This means that if large data centers cost ...

Jony Ive joins hands with Sam Altman for secret AI device project

Jony Ive spent hours in the neighborhood at the William Stout Architectural Books store, which had thousands of books about design, before he left the city, he knew that he wanted to return

Social media users lack control over data used by AI, says US FTC

Discord, a communications platform, said the report lumps very different business models into one category, and that it did not offer advertising at the time the study was conducted

Infosys to help Posti spruce up customer experience, efficiency with AI

Indian IT services company Infosys on Thursday announced it is extending strategic collaboration with Posti to enable the delivery and logistics services provider in Finland, Sweden and the Baltics to enhance customer experience and operational efficiency. Infosys will adopt an AI-driven approach powered by Topaz, its AI-first offering using generative AI technologies, to empower Posti with operational efficiencies and service quality. Infosys Cobalt will leverage its Live Enterprise Application Management Platform (LEAP), a cloud-enabled platform, to provide NextGen Application Management Services for enterprises to drive their cloud journey, and enhance business productivity. "Infosys today announced it is extending its strategic collaboration with Posti, the leading delivery and logistics services provider in Finland, Sweden and the Baltics," the release said. Over the last five years through the collaboration, Infosys has helped Posti improve the resilience of IT systems, reduc

Zomato bans AI-generated images from food menus to preserve authenticity

Effective from Monday (September 16), restaurants that fail to comply with the new rule against AI images will be removed from Zomato

OpenAI unveils o1-series AI models: What are they, how they work, and more

OpenAI said that o1 and o1-mini AI models can apply different strategies and learn from mistakes to solve science, coding, and maths problems

OpenAI presents new series of AI models with 'reasoning' abilities

The models, dubbed o1 and o1-mini, can reason through complex tasks and solve harder problems than previous models in science, coding and math, the AI firm said

Accel Atoms 4.0 to invest up to $1 mn in startups focused on 'Bharat', AI

Global venture capital firm Accel on Wednesday announced the launch of Accel Atoms 4.0, the fourth edition of its pre-seed scaling programme, Accel Atoms, that offers chosen startups up to USD 1 million funding along with perks of over USD 5 million from Accel network partners. Accel Atoms 4.0 builds on the success of three previous editions, and is designed to make the journey as frictionless as possible for visionary founders and promising entrepreneurs operating in the two distinct cohorts of AI and Bharat, the VC firm said in a release. Accel Atoms 4.0 is inviting applications from two categories of pre-seed startups - those building for Bharat', and AI (Artificial Intelligence), it said. Applications for the programme open on September 16. Accel defines Bharat' as the middle-income households spread across Tier 2, Tier 3, and rural India. Startups at the pre-seed stage, including idea-stage and pre-product companies, are eligible to apply for this rigorous three-month hybrid .

Inside ManageEngine's AI-powered growth strategy towards $1 bn in revenue

Since its first AI rollout in 2014, ManageEngine has gradually integrated various AI-powered features across its offerings, including anomaly detection and predictive forecasting

OpenAI plans to release 'Strawberry' for ChatGPT in 2 weeks: Report

Sam Altman-led OpenAI has propelled new interest and triggered heavy investments in AI, as businesses race to capitalize on the lucrative technology to boost their products

Microsoft backed G42 to build India's largest supercomputer with 8 exaflop

Microsoft and Mubadala-backed G42 will build India's largest supercomputer with eight exaflops, which can perform millions of trillion floating-point operations per second, a senior company official said on Tuesday. G42 India CEO Manu Jain told PTI that the company also unveiled a beta version of Hindi language large language model -- an artificial intelligence engine, with which users can converse in Hindi, English and Hinglish (mix of Hindi and English) language. He said that Prime Minister Narendra Modi had visited Abu Dhabi earlier this year and a memorandum of understanding on digital infrastructure was signed between India and the UAE. "We are the chosen implementation partner to execute this MoU. The MoU had spoken about three things - setting up a very large 2 gigawatt data centre in India. This can double the existing capacity of data centres in India. The second is building one of India's largest supercomputers up to 8 exaflops which we (G42) are building with Cerebras, an

HCLTech to show GenAI-based chatbot, other solutions at SEMICON India 2024

HCLTech on Tuesday said it will showcase its generative AI-based chatbot, along with its other engineering and AI solutions at the SEMICON India event. The three-day conference will commence on September 11, and will be inaugurated by Prime Minister Narendra Modi. "HCLTech suite of solutions on showcase will include conversational AI, HCLTech AI Force -- a generative AI solution that accelerates software development lifecycle, Digital Twins for Wafer Handler and Rack System, Spec to Parts and Spec to Platform and HCLTech Proto ATMP lab demos," HCLTech said in a statement. The IT company will showcase enterprise, digital and engineering innovations, specifically designed for the semiconductor ecosystem, it said. "We look forward to our participation in SEMICON India--especially at a time when India is poised to become a leading player in the semiconductor space. We're happy to contribute our skills, knowledge and engineering prowess gained over four decades. "Our collaborations wit

It's glowtime: AI in spotlight as Apple launches GenAI-backed iPhone16

The new iPhones represent a big moment for generative AI, which can answer questions, create images and write software code

How ubiquitous iPhone 16 is different from Apple's recent releases

Apple's ubiquitous iPhone is about to break new ground with a shift into artificial intelligence that will do everything from smartening up its frequently dim-witted assistant Siri to creating customised emojis on the fly. The new era will dawn Monday with the unveiling of the hotly anticipated iPhone 16 in a Cupertino, California, auditorium named after Apple co-founder Steve Jobs, who pulled out the first iPhone in 2007 and waved it like a magic wand while predicting it would reshape society. Apple has sold billions of iPhones since then, helping to create about USD 3 trillion in shareholder wealth. But in the past decade, there have been mostly minor upgrades from one model to the next a factor that has caused people to hold off on buying a new iPhone and led to a recent slump in sales of Apple's marquee product. The iPhone 16 is generating a bigger buzz because it is the first model to be tailored specifically for AI, a technology that is expected to trigger the biggest ...

Audible to begin generating AI voice replicas of select audiobook narrators

Last year, Amazon began offering US-based, self-published authors who make their books available on the Kindle Store the option of having their works narrated by a generic "virtual voice"

US, Britain, EU to sign first legally binding international AI treaty

The AI Convention, which has been in the works for years and was adopted in May after discussions between 57 countries, addresses the risks AI may pose, while promoting responsible innovation

AI startup You.com gets backing from Nvidia, DuckDuckGo Back, raises $50 mn

You.com claims millions of daily users, including at organizations like Salesforce, Stanford University and the startup Hugging Face

AI tool xFakeSci achieves 94% accuracy in identifying fake research papers

Researchers have developed a tool that could tell apart an original research article from one created by AI-chatbots, including ChatGPT. In a set of 300 fake and real scientific papers, the AI-based tool, named 'xFakeSci', detected up to 94 per cent of the fake ones. This was nearly twice the success rate seen among the more common data-mining techniques, the authors from the State University of New York, US, and Hefei University of Technology, China, said. "... we introduce xFakeSci, a novel learning algorithm, that is capable of distinguishing ChatGPT-generated articles from publications produced by scientists," they wrote in the study published in the journal Scientific Reports. For developing the AI-based algorithm, the researchers developed two distinct datasets. One of them contained almost 4,000 scientific articles taken from PubMed, an open database housing biomedical and life sciences research papers and maintained by the US National Institutes of Health. The other consis

AI not a job killer, would make workers more efficient, says experts

Imagine a customer-service center that speaks your language, no matter what it is. Alorica, a company in Irvine, California, that runs customer-service centres around the world, has introduced an artificial intelligence translation tool that lets its representatives talk with customers who speak 200 different languages and 75 dialects. So an Alorica representative who speaks, say, only Spanish can field a complaint about a balky printer or an incorrect bank statement from a Cantonese speaker in Hong Kong. Alorica wouldn't need to hire a rep who speaks Cantonese. Such is the power of AI. And, potentially, the threat: Perhaps companies won't need as many employees and will slash some jobs if chatbots can handle the workload instead. But the thing is, Alorica isn't cutting jobs. It's still hiring aggressively. The experience at Alorica and at other companies, including furniture retailer IKEA suggests that AI may not prove to be the job killer that many people fear. Instead, the