Page 106 - Artificial Intelligence

India top choice for digital pursuit; cos to boost AI investments: Report

India remains the top choice for enterprises looking to expand digital services portfolio and companies are expected to increase spending on AI, data analytics and cybersecurity, industry body nasscom said in a report on Monday. The report 'Digital Enterprise Maturity 5.0: Digital Readiness in the Era of AI' is based on a survey of 550 enterprises across 11 major sectors and seven major geographical regions. The survey found that 71 per cent of enterprises in India spent over 20 per cent of their tech spends on digital in 2023. "Nearly 90 per cent of companies have signalled plans to boost investments in key digital technology areas in 2024, including artificial intelligence (AI)/machine learning (AI/ML), big data analytics, cloud computing, cybersecurity, and intelligent automation," it said. The report further said the focus is expected to lean more towards cybersecurity by the first half of 2025, as a response to increased adoption of generative AI (gen AI), which has emerged as

Microsoft backed OpenAI bids for Japan business as it opens Tokyo office

Japan hopes to take advantage of AI as it looks to compete with an increasingly assertive China, accelerate the shift to digital services and alleviate deepening labour shortages

2 digital registries will do away with need to carry academic certificates

Two programmes are doing away with the need for students to carry around their academic certificates. The initiative will also help employers in verifying documents

In Lok Sabha election campaigning, political parties put AI to test

Technology is being used to translate speeches instantly, create digital anchors and in one case make videos of a long-dead leader

Icertis aims to be $1bn firm in ARR in 4-5 years: CTO Monish Darda

In a video interview, Monish Darda talked about the company's next milestone and the impact of generative artificial intelligence (GenAI)

AI in modern processes raises complex ethical, legal considerations: CJI

The integration of Artificial Intelligence (AI) in modern processes, including court proceedings, raises complex ethical, legal and practical considerations that demand a thorough examination, Chief Justice of India D Y Chandrachud said on Saturday. The CJI said AI represents the "next frontier of innovation" and its use in court adjudication presents both opportunities and challenges that warrant nuanced deliberation. Justice Chandrachud said while AI presents unprecedented opportunities, it also raises complex challenges, particularly concerning ethics, accountability and bias and addressing these challenges requires a concerted effort from stakeholders worldwide, transcending geographical and institutional boundaries. He was speaking at a two-day conference on technology and dialogue between the Supreme Courts of India and Singapore. Chief Justice of Singapore Justice Sundaresh Menon, and several other judges and experts were also present during the conference. Justice Chandrac

OpenAI, Meta to roll out AI versions capable of planning, reasoning

Meta plans to release Llama 3 in the upcoming weeks, while OpenAI's AI model 'GPT-5' will also be introduced soon

The future of work in the AI era

Even if humans are able to adjust to a life of leisure in the long term, the most optimistic projections of AI productivity portend massive short-run disruptions to labour markets

Meta starts testing AI chatbot on WhatsApp and Instagram in India

Meta AI will allow users to generate text, images and summarise stories

Apple plans to overhaul entire Mac Line with AI-focused M4 processors

Apple shares gained more than 2% to $171.20 as of 1:12 p.m. in New York on Thursday. They had been down 13% this year through Wednesday's close

90% of GCCs plan to harness AI, ML in 2-3 years, says ANSR report

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

Alphabet heads toward $2 trn valuation with investors cheering AI progress

The stock is heading back toward what would be a record $2 trillion market value - a milestone surpassed only by Microsoft Corp., Apple Inc. and Nvidia Corp

Heat maps, virtual assistants: Malls ramp up AI use to track business

Technology helps them in knowing footfall and where visitors are flocking to

Big Tech's 'interconnected web' of AI investments concerns UK's CMA

The Competition and Markets Authority said Thursday it's uncovered an "interconnected web" of partnerships and investments within AI involving a handful of the same tech firms

Generative AI boom will be built on AWS, says Amazon CEO Andy Jassy

Jassy has focused the company's investments on a few big initiatives such as building data centers to help fuel the artificial intelligence boom

OpenAI launches enhanced GPT-4 turbo for ChatGPT plus users and developers

The upgraded GPT-4 Turbo is now capable of generating fully functional websites by producing genuine code and interpreting image content and context to generate meaningful output

GenAI new, balance must be struck between innovation, regulation: Vaishnaw

Generative AI is a relatively new phenomenon, and a fine balance must be struck between innovation and regulation to safeguard social structures and ensure progress, Union Minister for Electronics and IT Ashwini Vaishnaw said on Wednesday. Speaking at a seminar by Women Journalist Welfare Trust, the minister said while technology and AI are making lives easier with transformative powers, if left without safeguards they also pose a downside risk to age-old established structures, and hence a new set of regulations and legislations are required. "There is a very risky side, which is affecting our society, democracy, and many of the social structures that were meticulously built over decades and centuries. Many of the institutions that were meant to protect society and make sure that we all live in a harmonious way are under attack," he said. The minister said despite existing in the industrial world for three decades, AI as a generative AI, that can be used by a normal user, is a new

Intel's on a mission to bring AI everywhere, says CEO Pat Gelsinger

Intel's latest Gaudi 3 processors are expected to improve AI compute performance by four times, compared to its predecessor

Wipro appoints Malay Joshi as CEO for 'Americas 1' strategic market unit

Joshi is a company veteran who joined Wipro in 1996 and has had an extensive career spanning over 28 years in various leadership roles across functions, industries, and geographies

We will use GenAI across our portfolio to simplify experiences: Cisco Prez

Chittilapilly talks about the progress of the Chennai plant, small and medium businesses (SMBs), and trends in tech spending