Page 17 - Artifical Intelligence

Who is Deedy Das, Kolkata-born techie now Partner at Menlo Ventures?

Deedy Das has been promoted to Partner at Menlo Ventures just 18 months after joining, cementing his reputation as a rising force in AI

In AI world, regulation must keep pace with tech: FM Nirmala Sitharaman

FM Nirmala Sitharaman urged soft-touch AI regulation to foster innovation while ensuring responsible use, as Niti Aayog projected AI could add $600 billion to GDP by 2035

India adopts techno legal route for AI safety, innovation, says Vaishnaw

Asserting that India has adopted techno legal approach for AI safety, Minister of Electronics and Information Technology Ashwini Vaishnaw on Monday said the tilt of the government is more toward innovation than regulation. "We have taken a very different approach in AI safety, whereas the many parts of the world look at AI safety more as a legal challenge. They want to create a law, pass a law, and then believe that AI safety will come," he said here. However, he said, "We have taken a techno legal approach, and our AI Safety Institute is a virtual institute, which basically is a network of institutes. And each of these nodes in the network have taken one problem to solve for." Speaking at the launch of two initiatives -- AI for Viksit Bharat Roadmap: Opportunity for Accelerated Economic Growth and NITI Frontier Tech Repository under its Frontier Tech Hub -- by Niti Aayog here, the minister said the government bias in technology is more towards innovation. "When there is a trade of

Increased adoption of AI can add $500-600 bn to GDP by 2035: NITI report

Accelerated adoption of Artificial Intelligence (AI) across industries can contribute USD 500-600 billion to India's GDP by 2035 on the back of increased productivity and efficiency in the workforce, a NITI Aayog report said on Monday. The report titled 'AI for Viksit Bharat:The Opportunity for Accelerated Economic Growth' further said over the next decade, the adoption of AI across sectors is expected to add USD 1726 trillion to the global economy. "India's combination of a large STEM workforce, expanding R&D ecosystem, and growing digital and technology capabilities position the country to participate in this transformation, with the potential to capture 1015 per cent of global AI value," it said. According to the Aayog, projections show that while AI will create many new roles, it will also displace many existing jobs, particularly in clerical, routine, and low-skill segments. "Accelerated adoption of AI across industries can contribute USD 500 billion -USD 600 billion over and

Dutch tech investor Prosus scales up India AI play amid global headwinds

Dutch investor Prosus backs Arivihan, CodeKarma, and Deccan AI in quick succession, calling AI a central pillar of its India strategy as it plans multi-billion-dollar bets

Generalist VCs in India bet big on deep-tech, innovation-driven companies

Deep-tech now forms over half of VC portfolios in India as firms like Cornerstone, Unicorn India Ventures and All in Capital back startups combining research with scalable models

Govt proposes tax exemption of up to 20 years for data centre developers

Incentives in Meity's draft include GST input tax credit on assets

IVF chains in India turn to AI to cut costs and boost success rates

Indian IVF providers are deploying AI for embryo and sperm selection to improve precision, reduce costs, and widen fertility access amid growing demand for reproductive care

FTC probes OpenAI, Meta, Snap over chatbot risks and data practices

The FTC is seeking details from AI chatbot firms like OpenAI, Meta, and Snap on how they handle user data, monitor safety, and manage potential risks from their technology

India Inc needs to ensure AI becomes tool for empowerment: ADP India

Knowledge workers and mid-career professionals in India are hopeful that artificial intelligence will positively impact their roles, even as concerns about job displacement persist, especially among younger professionals, a top official of a human capital management solutions provider has said. At a time when AI has become a critical part of an organisation's functioning, many professionals see the positive possibilities of AI. At the same time, a large number also have concerns about job displacement and feel uncertain about AI's future influence on their roles. To lessen fear and resistance around AI adoption, organisations balance enthusiasm for AI adoption with the lingering concerns about job displacement. "A good antidote to fear is skill-building: when employers invest in tailored training and upskilling, employees' anxiety turns into confidence, and optimism rises," Rahul Goyal, Managing Director, ADP India and Southeast Asia told PTI. According to ADP's latest chapter of .

From petri dish to payload: India's next Big Bang in future deeptech

Part II of this series shines the spotlight on India's audacious deeptech builders - startups engineering the country's future by tackling challenges too complex for conventional innovation

PwC India launches GenAI Navigate Tax Hub to modernise tax functions

PwC India's Navigate Tax Hub, powered by generative AI, integrates tax expertise and secure document management to boost efficiency, accuracy and value for tax teams

EPAM Systems' next act: AI at the core, says new CEO Balazs Fejes

New CEO Balazs Fejes says clients are moving from AI trials to full-scale execution, reshaping demand for engineering and transformation services

The GAME dynamic: High fixed-cost firms to gain most from AI adoption

AI has already proven its value in customer support and programming, and its applications will only broaden as the technology matures and enterprises grow more comfortable with the tools

Anthropic to pay $1.5 bn to settle authors' lawsuit over AI chatbot Claude

Anthropic will pay $1.5 bn to settle a lawsuit by authors claiming it used their books without consent to train AI chatbot Claude, in what may be the largest copyright recovery ever

TCS to manage Odisha govt's AI-enabled integrated financial system

Tata Consultancy Services (TCS) has partnered with the Odisha government to design and implement Integrated Financial Management System (IFMS) 3.0. The company has been working with the state government since 2005, beginning with the integrated Odisha Treasury Management System. This collaboration progressed through the implementation of IFMS, followed by IFMS 2.0, culminating in the launch of IFMS 3.0 the third generation of the solution, TCS said in a statement. As part of this programme, TCS will also implement its AI Workbench, an open-source solution designed to support AI/ML projects in designated operational areas, including model development, monitoring, and retraining, it said. This enables IFMS 3.0 to apply analytics and machine learning to decision-making and operational processes, with features such as multilingual chatbot interactions to enhance user experience. The assistant is developed to address FAQs, automate service desk procedures, and carry out functional tasks

AI no longer futuristic concept, but central pillar: CII-Protiviti report

Artificial Intelligence (AI) has moved beyond being a futuristic concept to become a central pillar of modern business transformation, reshaping economies, industries, and societies by driving global competitiveness, operational efficiency, customer experience, risk management, sustainability, and innovation, as per a report by the Confederation of Indian Industry (CII) and Protiviti. The "Vision AI: Trends and Strategic Insights 2025" report, released on Thursday, highlighted AI's pervasive impact across various sectors. "The question of whether AI will change our world is no longer hypothetical -- we are seeing the impact everyday. From transforming industries to reshaping how we work, AI has moved from opportunity to impact. AI literacy and fluency are no longer optional; they are mission-critical for every industry, every leader, and every enterprise. The opportunity to build with AI is immense," Microsoft India & South Asia President Puneet Chandok said. In the financial ...

High single-digit growth to still elude IT firms for some time: Cognizant

Cognizant's Surya Gummadi predicts IT services growth will return once enterprises deploy AI across technology stacks, though macro dynamics may delay this for some time

AI agents set to cash in big in China as UBS predicts 2026 as key year

Global brokerage UBS expects Chinese AI agents could start making money in 2026 as models get smarter; tech giants like Tencent, Alibaba and ByteDance are racing to build new AI tools

Apple plans AI-powered web search tool for Siri to rival OpenAI, Perplexity

The company is working on a new system, dubbed internally as World Knowledge Answers, that will be integrated into the Siri voice assistant