Page 81 - Artifical Intelligence

Azim Premji's family office to invest more money in AI to prop $10 bn fund

PremjiInvest, the largest Indian family office that manages over $10 billion for software tycoon Azim Premji, will invest more money into AI companies while fine-tuning its AI investment tools

Former Tech Mahindra India biz head Mitra quits to set up AI startup

Former Tech Mahindra India business head Jagdish Mitra has set up an AI startup with a proposed initial investment of Rs 65-80 crore. The startup is likely to commence operations in the next three months. "We will start going to customers in 8-12 months. Initially, we will invest USD 8-10 million," Mitra -- one of the contenders for the post of Tech Mahindra CEO position after CP Gurnani resigned -- told PTI. "Cost arbitrage factor, driven by manpower, is going to be seriously impacted. It will be driven by values. We need to move from a cost-driven proposition to a value-driven proposition. "We are going to focus on value proposition. Our firm will start operations within a quarter," Mitra, who moved out of Tech Mahindra earlier this month, said. Without disclosing the name of the company, Mitra said the firm will focus on manufacturing, retail, and sportstech and operate both from the US as well as India. "Everyone will not develop chatGPT models. It will cost a huge amount of

AI edition of books

In any case, AIs are known to be biased, to have hallucinations, and to lack a sense of reality. A shade of uncertainty thus remains

Google extends Gemini AI app support to older-generation Android devices

Initially available for Android 12 or later, Google's Gemini app is now supported on devices based on Android 10 and Android 11 operating systems

Flipkart bets big on generative AI to improve customer, seller experience

Datar believes that, as the company builds scale, it will be able to improve on the returns on investment (ROI) it is witnessing from its AI bets

Apple's new AI models could power on-device features on iOS 18 for iPhones

Apple has released "Open-source Efficient Language Models" (OpenELM), which are a series of four small language models capable of tasks such as text generation, text summarisation, and more

Qualcomm unveils Snapdragon X Plus chip for PCs with on-device AI: Details

The Snapdragon X Plus is a new addition to the Qualcomm chip family for PCs with on-device AI capabilities. It is expected to debut, together with Snapdragon X Elite-powered PCs, in coming months

Deepfakes of Bollywood stars spark concerns of AI meddling in LS elections

Both AI-generated videos end with the Congress election symbol and slogan: "Vote for Justice, Vote for Congress"

Nothing Ear (a) earphones with ChatGPT integration go on sale in India

The Nothing Ear (a) wireless earphones are now available for purchase on e-commerce platform Flipkart at an introductory price of Rs 5,999, including bank offers

Gemini AI assistant might soon let you play music with voice commands

Google has not provided any details about the roll-out plan for the "Music" feature; however, it is expected to roll-out soon on Gemini app for Android

Generative AI features on Apple's iOS 18 to run entirely on-device: Report

The company will likely leverage Apple Silicon's prowess to run its large language model (LLM) on the processor itself, with no processing on the cloud

Salesforce abandons talks to acquire data-management firm Informatica

Informatica's shares closed at $35.19 on Friday, valuing the Redwood City, California-based company at about $11.2 billion, including debt

The Gaza model of AI

The Gaza model, if one can call it that, will be studied with care and attention to detail by all sorts of agencies as well as military strategists

Acer debuts AI-enhanced 'Predator Helios series' gaming laptops in India

Acer said its Predator Helios series has AI capabilities such as AI-assisted noise reduction, AI-driven webcam solution, and AI-enabled graphics card

Nothing rolls out update for Phone series with ChatGPT integration: Details

With the Nothing OS 2.5.5, Nothing is adding the ability to launch ChatGPT in different modes from its smartphone's home screen and with gestures on earbuds

Aurionpro Solutions to acquire 67% stake in Mumbai-based start-up Arya.ai

The acquisition, valued at approximately $16.5 million, will involve acquiring shares from existing shareholders and subscribing to new equity capital

Adobe Express mobile app with AI tools powered by Firefly model launched

Adobe Express is a content creation app available on both Android and iOS devices. It has been upgraded to feature generative AI features such as Text to Image, Generative Fill, and more

AI-powered equity research platform PineGap.ai raises $2.5 million

PineGap.ai, an AI-powered equity research platform, on Thursday said it has raised USD 2.5 million (about Rs 20.88 crore) in a funding round led by US-based investors SVQuad and Inventus Capital. The seed funding round also saw participation from DeVC and Silicon Valley serial entrepreneurs like Mohit Aron, Founder of Cohesity/Nutanix, Vetri Vellore, Founder of Ally.io, and Mohan Kumar, Managing Partner of Avataar Ventures, alongside Wall Street executives. The funds will be utilised to boost product development efforts and strengthen its engineering team. The company, co-founded by IIT-BHU graduates Deepak Sharma (CEO) and Ankit Varmani (CBO), aims to empower equity research analysts working in hedge funds, mutual funds, and investment banks by providing them with an advanced AI-powered platform to interpret data and derive insights from public company filings, a statement said. The platform is powered by Pine-LLM, PineGap's proprietary deep reasoning technology. According to the

China's Baidu says AI chatbot 'Ernie Bot' has attracted 200 million users

Ernie Bot was the first locally developed ChatGPT-like chatbot to be announced in China and was approved for public release in August, last year

Explained: What is conversational AI and how is it different from gen-AI

Like generative AI, conversational AI is a subset of artificial intelligence but with enhanced focus on natural language processing to generate human-like responses to queries