Page 11 - Ai Technology

Redrob raises $10 million in funding led by Korea Investment Partner

AI research startup Redrob on Friday said it has raised USD 10 million (Rs 88.7 crore) in a Series A financing round led by Korea Investment Partners. This brings Redrob's total funds raised to date to USD 14 million, following its earlier seed round of USD 4 million in 2023. The funding round also saw participation from KB Investment, Kiwoom Investment, Korea Development Bank Capital, Daekyo Investment, and DS & Partners, according to a company statement. With the fresh capital, Redrob plans to advance its technology by refining its machine learning architecture to achieve a targeted 50-fold reduction in costs. The company also aims to develop language models tailored for India, covering all 22 officially recognised constitutional languages, and deliver a comprehensive AI suite designed to support learning, career advancement, and workplace productivity. "The company is preparing to launch several major initiatives, including the rollout of free Redrob LLM access for all Indian .

OpenAI partners with Foxconn to design hardware for AI data centres

Hon Hai, also known as Foxconn, will co-design and develop data centre server racks with OpenAI, and work to ensure such racks can be manufactured across the US

Karnataka government bets big on AI with ₹400 crore push at tech summit

Government teams with venture investors to back deeptech startups as Bengaluru seeks to fortify its position as India's premier innovation hub

India can be the most important country in the world for AI: Kirthiga Reddy

Former Facebook India (now Meta India) MD Kirthiga Reddy shares insights on building AI-native companies and why established tech firms must move 100x faster

Digital arrest hardest fraud threat, Google can't fix it alone: Kotsovinos

Digital arrest scams are the toughest fraud challenge today, calling for ecosystem-wide action as deepfakes and AI-driven impersonation make tracking and prevention more complex, says Kotsovinos

Meta's chief AI scientist Yann LeCun to leave, start new AI research firm

Artificial intelligence pioneer Yann LeCun said Wednesday he will be leaving his job as Meta's chief AI scientist at the end of the year. LeCun said he will be forming a startup company to pursue research on advanced forms of AI that can understand the physical world, have persistent memory, can reason, and can plan complex action sequences. He said Meta will partner with the new startup and that some of the research will overlap with Meta's commercial interests and some of it will not. LeCun joined Facebook in 2013 and co-founded Meta's AI research division, formerly known as Facebook AI Research. LeCun stepped down as the group's director in 2018 but has remained Meta's chief AI scientist. He's also a part-time professor at New York University, where has taught since 2003. LeCun spent his early career at the image processing department at AT&T Bell Labs in New Jersey, where he worked on developing AI systems that could read text found in digitised images. He was a winner in 201

Luma AI secures $900 mn to accelerate multimodal AGI frontier push

This Series C is a milestone in the company's mission to build multimodal general intelligence: AI that can generate, understand and operate in the physical world

Sarvam likely to unveil India's maiden sovereign AI model by February

Sarvam AI co-founder Vivek Raghavan said India's first sovereign LLM is likely to debut before or during the India AI Impact Summit, with the model trained on trillions of tokens

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

Business-as-usual may erase 30% of revenue for tech services firms: Report

Report says tech services firms risk major revenue and margin erosion if they continue with business-as-usual strategies. AI, demographic shifts and energy transition are reshaping sector's outlook

Business-as-usual approach could cut 30% of revenue for tech firms: Report

A business-as-usual approach could erode revenue by 30 per cent or more for tech services firms, Bain & Co has said citing major disruptions like AI facing global technology services industry. In its new report 'The new growth equation for tech services' Bain & Company noted that AI is the biggest disrupter in tech services, but "not the only one". Economic nationalism, aging population and the energy transition are also forcing change across the industry. Together, these factors are reshaping how tech services providers operate, deliver value and compete. The global technology services industry faces major disruption, and continuing to operate with a business-as-usual approach could erode revenue by 30 per cent or more, according to the report. "Across the sector, margins have fallen by more than 200 basis points, and valuations have returned to pre-pandemic levels," it observed. Analysis by Bain shows that these factors, however, also create fresh opportunities. The rise of .

Anthropic's valuation hits $350 bn as Microsoft, Nvidia seal major AI deal

Microsoft has teamed up with Nvidia and Anthropic to broaden its AI plans, with Microsoft set to invest up to $5 billion and Nvidia up to $10 billion in Anthropic

Fractal Analytics bets heavily on R&D in AI race ahead of IPO debut

Fractal, which specialises in AI-driven decision-making for large businesses, will continue to invest 'significantly', and possibly increase its research outlay

Trump urges US Congress to block state AI rules, warns it risks innovation

In a post on his Truth Social network Tuesday, the president urged lawmakers to act quickly, and floated the idea of including an AI measure as part of upcoming defense policy legislation

Google CEO Sundar Pichai urges caution on AI use, flags 'bubble' concerns

Sundar Pichai warns that AI has limits and urges users to use it carefully, noting that no company would be shielded if an AI investment bubble collapses

Bengaluru Tech Summit 2025: 'Look beyond coding, focus on products'

At the Bangalore Tech Summit, industry leaders said India must move from a coding-focused services model to product-led innovation, strengthening deep tech, AI and semiconductor capabilities

HCLTech in collaboration with Nvidia launches physical AI innovation lab

HCLTech partners with Nvidia to launch a Santa Clara lab that helps global enterprises build, test and scale physical AI and robotics solutions for next-gen industrial automation

Karnataka launches KEO, a low-cost AI-ready PC to bridge the digital divide

Karnataka has introduced KEO, a RISC-V-based, AI-ready personal computer designed to offer affordable, locally built computing to students, households and small businesses, aiming to narrow the state'

Why ChatGPT remains too dangerous for teens as risks, lawsuits rise?

ChatGPT's sycophantic behavior became so well known it earned the name 'glazing' earlier this year

Will AI turn Japan's 'irreplaceable treasures' into disposable slop?

AI's threat gives Japan a second chance to do right by the workers propping up the $21 billion industry. Tokyo must move fast to strengthen labour rights, protect IP, and demand transparency