GlobalLogic says 40-50% of its AI pilots move to production, far above global averages, as enterprises focus on agentic and physical AI for real business gains
Ecommerce company Flipkart on Friday said it has acquired a majority stake in Minivet AI, an Artificial Intelligence and Machine Learning solutions provider. The acquisition is a strategic move to build and invest in core Generative AI (GenAI) capabilities, at a time when e-commerce is rapidly shifting towards visual, conversational, and AI-led discovery, the Walmart-backed ecommerce firm said in a statement. It, however, did not disclose the financial details of the acquisition, including the quantum of stake bought or size of deal. "Flipkart, India's homegrown e-commerce marketplace, today announced it executed definitive documents to acquire a majority stake in Minivet AI, an innovative AI/ML solutions provider founded in 2024," it said. The latest move is expected to accelerate the transition to a more intuitive, interactive, and immersive shopping experience for e-commerce platforms, including Flipkart, it said. Minivet AI focuses on generative video for e-commerce, transform
Even if the LLM funding bubble bursts, enterprise AI adoption-driven by agentic systems and real use cases-will remain intact, says Cognizant's chief AI officer
Artificial Intelligence (AI) is placing professionals who rely on cognitive skills at the highest risk of job replacement, a fundamental change from previous technological shifts, MeitY Secretary S Krishnan said on Thursday. Speaking at FICCI's AI India Conclave, Krishnan explained that because AI is now directly challenging cognitive labour, white-collar workers are the most vulnerable to being automated out of their positions. "If you looked at previous industrial revolutions the kind of change that they engineered, most of that change was around automating physical, manual work. For the first time, AI is actually replacing cognitive work. So it's people who work with their minds who are at the greatest risk of replacement by AI," the Secretary noted. Despite the threat of displacement, Krishnan emphasised AI's significant power to boost productivity, particularly across developing economies like India. He argued that the potential for creating new job opportunities through ...
China has secretly built a prototype machine to make advanced AI chips, aiming to end Western dominance, with working chips expected by 2028-2030
Little-known until recently even within its home market of India, RRP Semiconductor Ltd. became a social-media obsession as its shares surged more than 55,000 per cent in the 20 months
The multi-lane free flow (MLFF) toll system and AI-driven highway management will be completed across the country by 2026-end, and after implementation, these technologies will eliminate wait time at toll plazas for commuters, Union Minister Nitin Gadkari informed the Rajya Sabha on Wednesday. Responding to supplementaries during the question hour, the road transport minister said the new technology will be AI-based. Commuters will not have to wait any longer at toll plazas, and this will help save fuel worth Rs 1,500 crore and add Rs 6,000 to the government revenue. "The multi-lane free flow toll (MLFF) is a very good facility. Earlier, we had to pay at the toll, and it would take 3 to 10 minutes; then, due to FastTag, the time has come down to 60 seconds or less. Our income has increased by at least Rs 5,000 crore. After MLFF came, replacing FastTag, cars can now cross the toll at a maximum of 80 km per hour, and no one will be stopped at the toll," he said in the House. "Our ...
Funding led by ChrysCapital and Dragon Funds backs the company's AI-driven expansion beyond traditional marketing platforms
The AI Impact Summit that India will host early next year will serve as a platform to commit to shared solutions and enable the Global South to actively shape the Artificial Intelligence agenda, Minister of State for Electronics and Information Technology Jitin Prasada said here. UN Secretary General Antonio Guterres will attend the IndiaAI Impact Summit 2026 that will be held on February 19-20 in New Delhi. This will be the first time an AI summit will be hosted in the Global South, following similar Global AI Summits in Bletchley Park (UK), Seoul and Paris. This is not symbolic. It's substantive, Prasada said Tuesday in his remarks at a special curtain-raiser event organised in the UN Headquarters by the Permanent Missions of India and France to the United Nations. He said that emerging and developing economies will account for the majority of future AI users, data generation and real-world deployment scenarios. Their needs, constraints and innovations must therefore shape the ..
Aberdeen Group Plc sees Indian stocks staging a rebound next year, while Principal Asset Management Co. and Eastspring Investments view the market's low correlation with AI trade
As the rest of the world rushes to harness the power of artificial intelligence, militant groups also are experimenting with the technology, even if they aren't sure exactly what to do with it. For extremist organisations, AI could be a powerful tool for recruiting new members, churning out realistic deepfake images and refining their cyberattacks, national security experts and spy agencies have warned. Someone posting on a pro-Islamic State group website last month urged other IS supporters to make AI part of their operations. One of the best things about AI is how easy it is to use, the user wrote in English. Some intelligence agencies worry that AI will contribute (to) recruiting, the user continued. So make their nightmares into reality. IS, which had seized territory in Iraq and Syria years ago but is now a decentralised alliance of militant groups that share a violent ideology, realised years ago that social media could be a potent tool for recruitment and disinformation, so
When language models like GPT-4o were told to try persuading someone about healthcare funding or immigration policy, they'd generate around 25 claims during a 10-minute interaction
A central government-appointed body will collect and distribute these royalties while a separate committee will set rates, subject to judicial review
Compendium of case studies to be showcased at India-AI Impact Summit, focusing on ethical, empowering AI for women and girls
Trump said the measure was necessary to bolster the emerging technology and counter a patchwork of state-level rules the industry worries will hamper its growth
Goldman Sachs Alternatives leads $200 million investment, valuing the platform company at $5.5 billion as demand surges for automated code-to-production workflows
India plans to mandate global AI firms to share revenue as royalties for using Indian creators' content to train LLMs, under a proposed statutory licensing and royalty framework
Amazon's mega 5-yr plan tops announcements made by Microsoft, Google
Rate of diffusion will decide winners of next tech wave, Microsoft CEO says in Delhi
Tata Consultancy Services has signed an agreement to buy 100% of Coastal Cloud for $700 million in cash, adding 400+ Salesforce professionals and strengthening its advisory