Page 110 - Artificial Intelligence

India's growth should be led by labour-intensive manufacturing: ILO

The report calls for primacy to be given to labour-intensive manufacturing employment to absorb the abundant unskilled labour along with the emerging employment-generating modern manufacturing

Ministries test the AI waters: Try out use cases in bid to reduce workload

'A case study is being carried out across ministries by a dedicated wing which consists of experts to figure out the AI use cases under AI mission,' a senior government official said

Apple set to unveil AI strategy at developers conference on June 10

The iPhone maker announced WWDC timing, saying event will run through June 14. Though Apple didn't say what it plans to unveil, people familiar with matter have said that presentation will focus on AI

AI drives new wealth, Taylor Swift joins billionaire club: 2024 Hurun List

In the latest "Hurun Global Rich List 2024", Mumbai has been named the fastest-growing city for billionaires globally. The list features artificial intelligence prominently. Here are the key takeaways

Executives plan to invest more in GenAI for sustainability: IBM study

Nearly two-thirds of top executives surveyed believe that generative Artificial Intelligence (AI) will be important in their sustainability efforts while 76 per cent of executives plan to increase their investment in this emerging technology for sustainability, a study by IBM Institute for Business Value (IBV) said. Generative AI can be a game changer for data-driven sustainability, enabling organisations to turn trade-offs into win-wins, identify improvement opportunities, and drive innovation at speed and scale, the study said. While 63 per cent of executives surveyed agree that generative AI will be important for their sustainability efforts, 76 per cent say they plan to increase their investment in generative AI for sustainability. "With AI reshaping industries, integrating sustainability into core business practices add to the long-term value creation. The commitment of businesses to invest in Gen AI for sustainability signals a promising move towards a greener, more prosperous

Behind the plot to break Nvidia's grasp on AI by targeting software: Report

Almost as important to its hardware is the company's nearly 20 years' worth of computer code, which helps make competition with the company nearly impossible

With artificial intelligence at the wheel, Hyundai's TN unit shifts gear

The plant, one of the first units by any industrial player in Sriperumbudur is set to see an investment of Rs 26,000 crore, as it enters into 26th year of its operation

The AI boom makes millions for an unlikely industry player: Anguilla

For each domain registration, Anguilla's government gets anywhere from $140 to thousands of dollars from website names sold at auctions

Maruti Suzuki acquires over 6% stake in technology startup Amlgo Labs

Maruti Suzuki India on Saturday said it has acquired over 6 per cent stake in technology startup Amlgo Labs. The startup operates in data analytics, cloud engineering, machine learning (ML) and artificial intelligence (AI) to assist companies in data-driven decision-making. The investment is being made through Maruti Suzuki Innovation Fund, an initiative to undertake strategic investments in startups exhibiting high levels of technological innovation, the auto major said in a statement. This is the second such investment by the company. Earlier, it had invested in Sociograph Solutions in June 2022. "Our investment in Amlgo Labs will help us to further strengthen the quality of new models, using advanced analytics and machine learning," Maruti Suzuki India Managing Director and CEO Hisashi Takeuchi said.

BS Manthan: India has an opportunity to lead the world in the AI race

The inaugural edition of Business Standard's two-day national summit of thought leaders, BS Manthan, will delve into the topic of 'How India can ride the AI wave to become a global powerhouse'

Wipro promotes 31 staff to senior roles after top-level exodus: Report

The promotions, seen by industry watchers as a move to stem senior-level attrition, came after a series of high-profile exits at the country's No.4 software services exporter

United Nations adopts first global artificial intelligence resolution

The nonbinding resolution, proposed by the United States and co-sponsored by China and over 120 other nations, also advocates the strengthening of privacy policies

Microsoft to pay Inflection AI $650 mn after scooping up most of staff

As part of the deal, Microsoft will pay $620 million to license Inflection's AI models and around $30 million for waiving any legal rights related to the mass hiring

Google researchers use AI to forecast floods with small data sets

Google's AI model now operational in 80 countries, provides more accurate predictions of river flooding than the previous dominant system, according to a paper published Wednesday in Nature

Lok Sabha polls: How GenAI is rewriting political campaigning strategies

GenAI is being widely employed by political parties and candidates for a personalised approach to voters

UN to vote on its first resolution on AI, aimed at ensuring safety

The General Assembly is set to vote Thursday on what would be the first United Nations resolution on artificial intelligence, aimed at ensuring the powerful new technology benefits all nations, respects human rights and is safe, secure and trustworthy. The United States, which sponsored the resolution, has said it hopes the world body will adopt it by consensus, meaning it would have the support of all 193 UN member nations. US National Security Advisor Jake Sullivan said that if the resolution is adopted it will be a historic step forward" in fostering the safe use of AI. The resolution would represent global support for a baseline set of principles for the development and use of AI and would lay out a path to leverage AI systems for good while managing the risks, he said in a statement to The Associated Press earlier in March. The draft resolution aims to close the digital divide between rich developed countries and poorer developing countries and make sure they are all at the ta

Saudi Arabia plans $40 billion investment in artificial intelligence

In recent weeks, representatives of Saudi Arabia's Public Investment Fund have discussed a potential partnership with Andreessen Horowitz, one of Silicon Valley's top venture capital firms

India will have an upper hand in AI: PM Modi at Startup Mahakumbh

The prime minister Modi said that he is making use of AI technology for his election campaign

YouTube to roll out disclosure labels for videos created using GenAI

The platform, however, won't require creators to disclose content that is 'clearly' unrealistic, animated, includes special effects, or has used generative AI for production assistance

Former AI search experience lead appointed as new head of Google Search

Elizabeth Reid's appointment as the head of Google Search suggests that the company is pushing for more AI capabilities for Search