Page 6 - Ai Technology

Canva eyes India as top market, driven by creators, AI growth: Country head

India is the fourth-largest and among the fastest-growing markets for Canva globally, and the popular graphic design platform hopes to make it number one market in the coming years, driven by strong traction from creators, students, and growing use of AI tools, according to Canva India head Chandrika Deb. The comment comes at a time when India has emerged as a powerhouse for global AI and tech firms, backed by digital-first, young population, attractive market size, and rapidly expanding internet and data infrastructure. India's AI market, growing at a compound annual growth rate (CAGR) of 25-35 per cent is projected to reach USD 17 billion by 2027, as per a Nasscom-BCG report. "Canva is the world's largest design platform today and India is actually one of our top markets that is driving growth for Canva," Deb, country manager for Canva India, told PTI in an interview. Indians have created over 2.8 billion designs on Canva so far, with about 2.5 million new designs generated daily,

AI-generated historical images recycle colonial stereotype, finds research

These images circulate through social media in ways that make their artificial origins difficult to discern

Reliance investments in AI infra may top $12-15 bn: Morgan Stanley

Billionaire Mukesh Ambani's Reliance Industries Ltd may spend about USD 12-15 billion over the next few years on AI infrastructure that could include a giant 1GW data centre, Morgan Stanley said in a report. Ambani had at the company's annual shareholder meeting in August announced a major push into AI through a new subsidiary and strategic partnerships. A new wholly-owned subsidiary, Reliance Intelligence will spearhead the conglomerate's AI initiatives that will be centered around four pillars -- Infrastructure (building gigawatt-scale, AI-ready data centers), Partnerships (collaborating with global tech leaders to bring cutting-edge AI solutions to India), Services (developing AI-powered services tailored for Indian consumers, small businesses, and enterprises in sectors like education, healthcare, and agriculture) and Talent (investing in upskilling and nurturing India's AI workforce). Reliance has re-invented itself every decade, and AI is set to reshape its equity story, Morga

Govt not asking creators to restrict AI content, but to label it: Meity

The government is not seeking to control or restrict online content but rather to ensure transparency by requiring creators to label AI-generated content so that audiences can make informed choices, Electronics and IT Secretary S Krishnan said on Thursday. The government proposed changes to IT rules on Wednesday, mandating the clear labelling of AI-generated content and increasing the accountability of large platforms, such as Facebook and YouTube, for verifying and flagging synthetic information to curb user harm from deepfakes and misinformation. "All that we are asking for is to label the contentYou must put in a label which indicates whether a particular piece of content has been generated synthetically or not. We are not saying don't put it up, or don't do this and that. Whatever you're creating, it's fine. You just say it is synthetically generated. So that once it says it's synthetically generated, then people can make up their minds as to whether it is good, bad, or whatever,

Mandatory labelling for AI-generated social media content coming soon

The IT ministry has proposed amendments to the IT Rules 2021 to make labelling and disclosure of AI-generated content mandatory for users and online intermediaries

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

Safeguarding competition: Digital world will need policy intervention

India must act early to define what 'gatekeeper' firms in AI are, ensure that Cloud, compute, & chip providers are not allowed to self-enforce lockins, & force transparency in pricing

Fury mounts over global AI frenzy as data centres strain resources

As tech firms build data centres worldwide to advance artificial intelligence, vulnerable communities have been hit by blackouts and water shortages

AI using your data to set personalised prices online: How it can backfire

Artificial intelligence (AI) is quietly remaking how companies set prices. Not only do prices shift with demand (dynamic pricing), but firms are increasingly tailoring prices to individual customers

Andhra's $15 bn Google deal sparks competition among southern states

Last Wednesday, the Andhra Pradesh government announced that it had approved two major investments by the Raymond group, worth ₹940 crore, in aerospace and automotive manufacturing

No layoffs expected from AI, says HDFC Bank's CEO amid tech shift

The country's largest private sector lender HDFC Bank does not see its use of artificial intelligence leading to any layoffs, a top company official has said. The lender, which had 2.20 lakh employees as of September, is carrying out some "lighthouse experiments" in technologies, including generative AI, which will deliver its advantages in the next 18-24 months, HDFC Bank Chief Executive and Managing Director Sashidhar Jagdishan said on Saturday. "Frankly, AI is not going (to result in) any layoff whatsoever in our bank, at least. Because I see this as a massive opportunity to move people from the backend to the front end or to the technology end," Jagdishan told reporters in the post-earnings call, replying to a specific question on the impact of AI on jobs. "It's only going to change the mix of where our people are going to be positioned. But, it is not going to reduce people apart from normal attrition that we have," he added in the remarks that come amid heightened concerns ove

African languages for AI: The project that's gathering a huge new dataset

The data and models will be useful for captioning local-language media; voice assistants for agriculture and health; call-centre and support in the languages

Will AI pay off the West's debts? Don't bet on a tech-led rescue

To be sure, a wildly upbeat assessment of AI's potential impact on economic growth has propelled asset markets higher over the last few years

The AI gold rush: Investments surge, but gains in GDP are only guesstimates

Huge investments are being committed to AI-related infrastructure, but the technology's positive effects on labour market and GDP are only guesstimates

Building capacity: Data centres in India to improve AI capabilities

These centres are physical facilities housing the computing and networking equipment required to collect, process, store, and distribute data

Graph AI raises $3 mn from Bessemer to target $8 bn drug safety market

California-based Graph AI raised $3 million in seed funding led by Bessemer Venture Partners to scale its AI-driven pharmacovigilance platform for global drug safety and compliance

Deepika Padukone becomes new voice for Meta AI in India, US, other nations

Bollywood actress Deepika Padukone collaborated with Meta to become the new voice of its AI version across multiple countries.Taking to her Instagram handle, Deepika shared a video which featured the actress recording her voice in a studio for Meta AI."Hi, I am Deepika Padukone. I am the new voice of Meta AI. So tap the ring and my voice will run out," said Deepika in the post.While sharing the video, the 'Piku' actress wrote, "Okay, so this is pretty cool I think! I'm now part of Meta AI and you can chat with my voice in English across India, United States, Canada, United Kingdom, Australia and New Zealand."Recently, Deepika Padukone, who is also a founder of The Live Love Laugh (LLL) Foundation, has been appointed as the first-ever Mental Health Ambassador by the Union Ministry of Health & Family Welfare (MoHFW).The announcement was made on the occasion of World Mental Health Day, marking a significant step in India's ongoing efforts to prioritise mental well-being as a key ...

Apple AI search chief Ke Yang to leave for Meta weeks after AKI appointment

The group is developing features to make the Siri voice assistant more ChatGPT-like by adding the ability to pull information from the web

2D materials: India's chance to leapfrog in the semiconductor race

India must prioritise 2D materials to leapfrog in semiconductors, quantum computing, and energy tech, securing strategic IP, economic growth, and global influence

California governor signs law to protect kids from risks of AI chatbots

California Governor Gavin Newsom on Monday signed legislation to regulate artificial intelligence chatbots and protect children and teens from the potential dangers of the technology. The law requires platforms to remind users they are interacting with a chatbot and not a human. The notification would pop up every three hours for users who are minors. Companies will also have to maintain a protocol to prevent self-harm content and refer users to crisis service providers if they express suicidal ideation. Newsom, who has four children under 18, said California has a responsibility to protect kids and teens who are increasingly turning to AI chatbots for everything from homework help to emotional support and personal advice. "Emerging technology like chatbots and social media can inspire, educate, and connect but without real guardrails, technology can also exploit, mislead, and endanger our kids," the Democrat said. We've seen some truly horrific and tragic examples of young people