Ai Systems

AI adoption in MSMEs can unlock over $500 bn economic value: Report

Adoption of Artificial Intelligence (AI) in India's 64 million Micro, Small and Medium Enterprises (MSMEs) alone could unlock over USD 500 billion in economic value, but the country must pivot from an "adopt-first" to an "invent-first" mindset to realise this potential, according to a new report. The report, titled "India's Triple AI Imperative: Succeeding with AI in India", released by Boston Consulting Group (BCGX) and Federation of Indian Chambers of Commerce & Industry (FICCI), noted that while India has one of the world's fastest-growing AI markets, it faces significant gaps in deep innovation and value realisation. BCG X is the technology build, design, and innovation arm of Boston Consulting Group (BCG). "A particularly untapped opportunity lies in India's 64 million MSMEs. AI adoption in this segment alone could unlock over USD 500 billion in economic value, through productivity gains, cost savings, and improved access to credit," the report stated. However, the findings ..

Deccan AI launches expert network to power next phase of AI training

It has unveiled Deccan AI Experts, a specialised talent network enabling India's top professionals to contribute directly to AI model training and evaluation as data replaces compute as key bottleneck

Deloitte India launches AI-based tax research platform Tax Pragya

Deloitte has launched Tax Pragya, an AI-based tax research and summarisation platform trained on 1.2 million cases and Deloitte content to support income tax, GST and transfer pricing work

Shiv Sena's Shrikant Shinde introduces Bill to regulate deepfakes in LS

A Private Member's Bill seeking a clear legal framework for regulation of deepfakes has been introduced in the Lok Sabha. The Regulation of Deepfake Bill, introduced by Shiv Sena leader Shrikant Shinde in the House on Friday, aims to protect citizens by mandating prior consent from individuals depicted in deepfake content. "Misuse of deepfakes for harassment, deception and misinformation has escalated, creating an urgent need for regulatory safeguards," Shinde said. The Bill also lists penalties for offenders creating or disseminating deepfake content with malicious intent. "With advancements in artificial intelligence and deep learning, deepfake technology has emerged as a significant tool for media manipulation. While the technology has potential applications in education, entertainment and creative fields, it also poses severe risks when misused, threatening individual privacy, national security and public trust," Shinde said in the statement of objects and reasons in the Bill.

Big Tech's debt binge raises risk in race to create an AI world

Listen to the Here's Why podcast on Apple, Spotify or anywhere you listen

Brookfield launches $100 billion AI infrastructure program with Nvidia

The program will be anchored by a new Brookfield Artificial Intelligence Infrastructure Fund, which is launching on Wednesday with a target of $10 billion in equity commitment

Is the AI bubble on the brink of a reckoning as dot-com fears return?

Investors are drawing parallels between the AI frenzy and the dot-com boom as major players reduce exposure and questions rise over whether the sector is heading for a long-awaited correction

Jeff Bezos to co-lead AI startup in first operational role since Amazon

This is the first time Bezos has taken a formal operational role in a company since he stepped down as chief executive of Amazon in July 2021

What to expect at COP30 climate summit in Belem, and why it matters

The rotating presidency, now held by Brazil, sets the summit agenda and works through the year to rally governments toward shared action and goals

AI can help govt spend smarter, but human oversight remains essential

AI can help public buyers navigate this complexity and advance sustainability goals across the procurement cycle, from planning and tendering to contract management and performance monitoring

With over a billion users, India may be the world's biggest AI opportunity

OpenAI, Google and Perplexity are rolling out free access to paid AI tiers in India, including ChatGPT Go, Gemini Pro for Jio users, and Perplexity Pro for Airtel subscribers

Why even using basic AI may be bad for students' ability to think

As AI tools become ubiquitous in schools, it could be possible that the very capacities needed for reasoning, judgment and original expression may begin to erode

Happiest Minds targets $50 mn Gen AI revenue over next three years

Happiest Minds expects $50 mn revenue from generative AI over the next three years, with 22 scalable projects in play. Q2FY26 profit rose 9% to ₹54 crore on 10% revenue growth

Google to supply AI chips to Anthropic in multibillion-dollar deal

The arrangement gives Anthropic vastly more computing capacity while cementing Google's position as both a major investor and key infrastructure provider in the race to power large AI models

What is AI 'superintelligence' and why are global voices seeking to ban it

From Steve Bannon to Meghan Markle, over 800 global figures have issued an open warning to stop the race to build 'superintelligence' or artificial intelligence that would surpass humans

Indian techie builds AI tool to simplify US visa process: How it works

Indian scientist Priyanka Kulkarni builds AI startup Casium to simplify America's visa process, cutting costs, paperwork, and wait times for employers and workers

AI is suffering 'brain rot' as social media junk clouds its judgment

Researchers from Texas A&M, the University of Texas at Austin and Purdue University find that exposure to junk web text leads to lasting cognitive decline in large language models

Meet Indian AI startups replacing call-center jobs with human-like chatbots

AI-powered systems are subsuming jobs done by headset-wearing graduates in technical support, customer care and data management, sparking a scramble to adapt

GoodScore raises $13 mn from Peak XV to expand AI credit platform

Bengaluru-based fintech will use the funds to deepen its AI-led credit health offerings, scale its marketplace, and grow its product and tech teams

AI promises productivity, but it seems to be delivering mostly 'workslop'

News that Deloitte Australia will partially refund the government for a report sprinkled with apparent AI-generated errors has caused a local furor and spurred international headlines