Page 111 - Artificial Intelligence

Talent groomed globally coming to India, for India: IBM APAC's Hans Dekkers

The company's flagship event IBM Think in Mumbai he talks about opportunities, AI and GenAI adoption and regulatory impact

India hub driving global AI innovation; new campus plans on track: SAP Labs

SAP labs India, the biggest R&D hub for German software maker SAP outside its headquarters, is sharply focused on driving global AI innovations from here, managing director Sindhu Gangadharan said adding that plans for opening a new, sprawling campus in Bengaluru are on track. SAP Labs India is on an expansion drive and the construction of the first of the three phases of a new campus in Bengaluru is already underway, another company official said adding the first phase entailing a capex of Euro 80 million is expected to be completed by Q2 of 2025. Gangadharan said that AI and GenAI (generative AI) have triggered an "incredible" business transformation, enabling companies to leverage the new-age technologies to reimagine customer experiences and processes, she said asserting that India with its talent and skillset has the power to lead AI innovations. SAP Labs India is focusing on Custom AI and multi-agent AI technology to drive the next wave of business transformation for its ...

India at cusp of digital renaissance, responsible AI key: IBM India MD

IBM India Managing Director Sandip Patel on Tuesday announced a "Digital Renaissance" in India, emphasising the country's leadership in AI adoption as he called for a focus on making AI practical, responsible, and embeddable. Patel, Managing Director (MD) of IBM India & South Asia, was delivering a keynote address at the IBM Think 2024 event here. "Today we are living in a defining moment. We are witnessing India's digital renaissance. I like to call it the 'Naya Daur' of digital Bharat, and each one of you here is propelling this charter, IBM, together with you, is committed to innovating in India, for India and the world. "And we are doing that with our focused strategy on hybrid cloud and AI, which are today two of the most transformational technologies of our time," he said. AI, according to Patel, is not just a buzzword but a crucial growth accelerator for India. Citing a recent survey carried out by IBM, he said 59 per cent of Indian enterprises are deploying AI, the highest

Nurix AI raises $27.5 mn in funding round led by Accel, General Catalyst

Startup founded this year will use the financing on technology and business expansion

Vietnamese, US firms sign MoUs on energy, AI, data centre: Vietnam govt

Vietnam has long sought an upgrade, which would reduce punitive anti-dumping duties levied on non-market economies identified as having a heavy state influence

I believe AI represents American Indian spirit, says PM Narendra Modi

In his hour-long address to an estimated 13,000 Indian Americans in New York's Nassau Veterans Coliseum, Modi said India does not aspire for global dominance

PM Modi urges global tech CEOs to be part of India's growth story

Prime Minister Narendra Modi participated in a "fruitful" roundtable with the CEOs of leading American tech companies where he emphasised India's growth prospects and discussed initiatives to foster bilateral collaborations across various sectors. The meeting took place at the Lotte New York Palace Hotel on Sunday during the second leg of Modi's three-day US visit. It saw the participation of CEOs of major US-based firms working on cutting-edge technologies such as AI, quantum computing and semiconductors. "Had a fruitful roundtable with tech CEOs in New York, discussing aspects relating to technology, innovation and more. Also highlighted the strides made by India in this field. I am glad to see immense optimism towards India," Modi said in a post on X. Organised by the Massachusetts Institute of Technology (MIT) School of Engineering, the CEOs of top US tech firms, including Google CEO Pichai and Adobe CEO Shantanu Narayena, attended the conference. "Further cementing technology

Jony Ive joins hands with Sam Altman for secret AI device project

Jony Ive spent hours in the neighborhood at the William Stout Architectural Books store, which had thousands of books about design, before he left the city, he knew that he wanted to return

How shift to digital credit underwriting helps financial org in India

Digital underwriting is not just about making decisions quickly through automation: It ensures greater financial inclusion and improves risk control

Indian educators to procure 1,000 AI-powered EdTech innovations at Didac

Indian educators will procure more than 1,000 AI-Powered EdTech innovations showcased at Didac India 2024 exhibition, according to a statement. The 14th edition of Didac India, an exhibition and conference focused on education and skilling resources, was organised by Messe Stuttgart India from September 18 to 20 at Yashobhoomi, New Delhi. The event witnessed the unveiling of a diverse array of futuristic solutions and resources with exhibitors from over 20 countries showcasing more than 5,000 Edtech products and innovations, the statement said. "Over 1000 cutting-edge AI products are going to be procured by Indian educators to transform India's education and skill sector," it stated. Domestic and international companies including Roombr, Microsoft, HP, Samsung, LG, BenQ, Up Grad, Teachmint, Viewsonic, Philips, and several others showcased latest innovations in AI, education technologies, drones, educational supplies, IoT, robotics, AV equipment, lab equipment, infrastructure, AR, a

AI must be guided by humanism and compassion, not just tech experts

It is futile to resist change because tech progress is autonomous; nobody oversees developments. Only natural intelligence - humanism, conscience, and compassion of leaders -can provide oversight

Supreme Court to use AI to generate summaries for pleadings: ACJ Manmohan

The Supreme Court is set to introduce an AI tool called 'AI Saransh', developed by the National Informatics Centre, which is designed to generate summaries of pleadings

Tech giants embark on final push to dilute European Union's AI Act

EU lawmakers in May agreed the AI Act, the world's first comprehensive set of rules governing the technology, following months of intense negotiations between different political groups

Infosys to help Posti spruce up customer experience, efficiency with AI

Indian IT services company Infosys on Thursday announced it is extending strategic collaboration with Posti to enable the delivery and logistics services provider in Finland, Sweden and the Baltics to enhance customer experience and operational efficiency. Infosys will adopt an AI-driven approach powered by Topaz, its AI-first offering using generative AI technologies, to empower Posti with operational efficiencies and service quality. Infosys Cobalt will leverage its Live Enterprise Application Management Platform (LEAP), a cloud-enabled platform, to provide NextGen Application Management Services for enterprises to drive their cloud journey, and enhance business productivity. "Infosys today announced it is extending its strategic collaboration with Posti, the leading delivery and logistics services provider in Finland, Sweden and the Baltics," the release said. Over the last five years through the collaboration, Infosys has helped Posti improve the resilience of IT systems, reduc

PDG plans infusing $1 bn for expansion in India amid AI data center boom

The investment will bring PDG's capacity to 230 MW across two major hubs, Mumbai and Chennai

LinkedIn trains generative AI models on user data, offers opt-out option

Reportedly, LinkedIn initiated the process of utilising user data to enhance its generative AI products without first updating its terms to reflect this change

UN advisory body makes seven recommendations for governing AI

Only a handful of countries have created laws to govern the spread of AI tools

AI Alliance adds 7 Indian members including Infosys, AI4Bharat & Sarvam AI

Founded in 2023, the group aims to promote open, safe, and responsible artificial intelligence practices globally

FinOps platform Bluecopa raises $1.8 million in pre-Series A round

The Hyderabad-based company will use the fresh capital to expand market reach, improve artificial intelligence (AI) capabilities, and advance product development.

Blackrock, Microsoft join hands to raise $30 billion for AI investments

The infrastructure investments - including energy projects - will be mostly in the US, with a portion of the funds to be deployed in US partner countries, the companies said in a statement