Page 110 - Artificial Intelligence

Hon Hai revenue growth rises as AI server demand offset weak iPhone sales

Hon Hai's sales growth could accelerate in 2024-25 as the proliferation of AI emerges as the company's key growth engine and iPhone demand stabilizes

Meta unveils AI tool that can generate, edit videos based on text prompts

Meta's product, Movie Gen, can create a new video up to 16 seconds long based on a text prompt. It can also use such prompts to generate audio for or edit an existing video

Concerned about your credit health? Paisabazaar AI advisor will help

PB Assist will give 'real-time, actionable insights' to customers, says company

Google to provide data localisation option to AI innovators in India

This option will be particularly helpful for enterprises in the public sector and financial services, due to the sensitive nature of the data they handle, said Bikram Bedi

OpenAI secures $4 bn revolving credit line after big funding round

The borrowing facility will boost its liquidity to $10 billion, OpenAI said, allowing the startup to buy costly computing capacity, including Nvidia chips

Indian education sector needs to prepare itself for AI-driven future

The second of a three-part series reports on how education institutes are addressing the skills shortage

75% business leaders say AI key to their competitive advantage: Report

Experian's latest report analyses how business leaders are utilising GenAI, consolidating datasets to improve decisioning models, and focusing on customer experience

Arkam Ventures targets middle India: GenAI, space tech, EVs among key areas

Arkam believe that the biggest venture outcomes over the next 15 years are going to come from founders who are reimagining and rewriting many traditional industries

Google working on software for reasoning AI, similar to OpenAI's 'o1'

AI researchers are pursuing reasoning models as they search for the next significant step forward in the technology

Google hesitated on his chatbot, now spends $2.7 bn to rehire AI pioneer

Google acquired Noam Shazeer's AI startup Character.AI in a $2.7 billion deal with a stipulation that Shazeer starts working for them again

Meta looks to expand production of mixed reality headsets in Vietnam

Meta also said it would soon begin testing Meta AI in Vietnamese, having started its Business AI for Messenger testing in the country in June, with its full launch by the end of this year

AI chip firm Cerebras records threefold revenue jump in US IPO filing

Receding recession fears and a strong equities rally have also rejuvenated the US IPO market in 2024 after two lackluster years

Sought and wooed: Technology skills employers want around the world

India is among countries making the greatest demand for data analytics from their workforces

AI at work for governance: How technology is helping various ministries

From ensuring regulatory compliance to tracking coal transport, the tech has various uses

OpenAI's plan to make artificial intelligence flow like electricity

It was also a demonstration of the tech industry's determination to accelerate the development of a technology it claims could be as transformative as the Industrial Revolution

Amazon engaging with India on GPU procurement tender: Senior exec

Pankaj Gupta, Leader-Public Sector, Amazon India, called the India AI mission an empowerment framework for the sector, and indicated that the firm was engaging with the government on the same

AI global market may touch $990 bn by 2027 with 40-55% AGR: Report

The global market for artificial intelligence (AI)-related products and services is expected to grow at an annual rate of 40-55 per cent, and can reach up to USD 990 billion by 2027, a report has said. Bain & Company's 5th annual Global Technology Report said AI workloads could grow about 25-35 per cent per year through 2027. "Bain estimates that the total addressable market for AI-related hardware and software will grow between 40 per cent and 55 per cent annually for at least the next three years, reaching between USD 780 billion and USD 990 billion by 2027. Fluctuations in supply and demand will create volatility along the way, but a long-term, durable trajectory seems like it is here to stay," it said. As AI expands, the need for computing power will radically expand the scale of large data centers over the next five to 10 years, it added. "AI will spur growth in data centers, from today's 50-200 megawatts to more than a gigawatt. This means that if large data centers cost ...

GenAI a top priority for 42% of tech, media, and telecom firms in India

Around 58 per cent of organisations in the TMT sector regard generative AI as a long-term disruptor, highlighting its transformative potential

OpenAI pitched White House on need of massive 5GW data center buildout

OpenAI said investing in these facilities would result in tens of thousands of new jobs, boost the gross domestic product and ensure the US can maintain its lead in AI development

AI adoption will continue to accelerate in India, says IBM's Sandip Patel

Patel noted that while over 30% of Cloud spending is wasted, the issue with AI is not waste but insufficient scaling