Page 112 - Artificial Intelligence

Govt's AI advisory needs changes, should focus on risky apps: GTRI

The government's advisory on artificial intelligence (AI) needs certain modifications such as a clear definition of "significant platforms", focus on applications with higher risks of spreading misinformation, and a transparent approval process, for the growth of AI technologies in India, a report said on Thursday. Days after Google's AI platform's response to queries on Prime Minister Narendra Modi generated controversy, the government earlier this month issued an advisory for social media and other platforms to label undertrial AI models and prevent hosting unlawful content. In an advisory to intermediaries/platforms on March 1, the Ministry of Electronics and Information Technology warned of criminal action in case of non-compliance. The advisory is applicable to significant players/platforms and untested platforms, not start-ups. The Global Trade Research Initiative (GTRI) also recommended that the government exempt the AI applications in areas of research medicine, education, .

Layoff fears at Paytm as deadline for bank cutback just a day away

In Dec, Business Standard reported that Paytm was rationalising its employee cost structure, which includes revising its hiring strategy, focusing on contract employees

EU lawmakers pass Act to regulate AI despite doubts about right balance

The landmark set of rules, in the absence of any legislation from the US, could set the tone for how AI is governed in the Western world

Perfios secures $80 million funding, set to become 2nd unicorn of 2024

Perfios helps financial institutions with processes such as origination, onboarding, decisioning, underwriting, and monitoring

Samsung to use chip-making tech favoured by SK Hynix as race heats up

Samsung, however, has recently issued purchase orders for chipmaking equipment designed to handle MUF technique, three sources with direct knowledge of the matter said

US spearheads first UN resolution on AI aimed at ensuring world has access

The United States is spearheading the first United Nations resolution on artificial intelligence, aimed at ensuring the new technology is safe, secure and trustworthy and that all countries, especially those in the developing world, have equal access. The draft General Assembly resolution aims to close the digital divide between countries and make sure they are all at the table in discussions on AI and that they have the technology and capabilities to take advantage of its benefits, including detecting diseases, predicting floods and training the next generation of workers. The draft recognizes the rapid acceleration of AI development and use and stresses the urgency of achieving global consensus on safe, secure and trustworthy artificial intelligence systems. It also recognizes that the governance of artificial intelligence systems is an evolving area that needs further discussions on possible governance approaches. US National Security Advisor Jake Sullivan said the United States

Google restricts Gemini's scope of response as India sets for election

It is also collaborating with ECI for seamless access to vital voting information

India now distinct regional priority for Intel: Exec VP Christoph Schell

The global semiconductor industry is projected to reach a trillion-dollar valuation by 2030

India AI mission to provide funding, support to deeptech startups: Experts

The move will provide much-needed financial assistance to deeptech startups in the country, an area which founders say has been a major roadblock for innovation in the sector

Centre to develop non-personal data collection platform for India Inc

Govt plans to develop foundational models with a capacity of more than 100 billion parameters, said Union Minister Rajeev Chandrasekhar

OpenAI slams Elon Musk, calls his claims 'incoherent' in court filing

In the filing, OpenAI stresses that it did not violate its agreement with Musk because "there is no founding agreement, or any agreement at all with Musk, as the complaint itself makes clear"

Gautam Adani, Qualcomm CEO discuss artificial intellgence, semiconductors

Chip giant Qualcomm chief executive Cristiano R Amon and billionaire Gautam Adani on Monday discussed role of AI, semiconductors and edge appliances across markets in the fast changing global technology space. The two leaders met in Mumbai on Monday morning to discuss India's potential around semiconductors, AI and mobility, according to a social media post by Adani. While Qualcomm is big on designing and manufacturing semiconductors and wireless telecommunications products, Adani group had in 2022 bought a small quantity of fifth generation or 5G spectrum for private captive network deployment in ports, logistics and power generation among others. Adani is also building data centres at multiple locations. "Great meeting with Qualcomm CEO @cristianoamon & his leaders! Inspiring to hear his vision for semiconductors, AI, mobility, edge appliances and much more across different markets. Exciting to hear about his plans and commitment to India's potential!," Adani said in a post on ..

Influx of AI startups pumps up battle for technical talent in Europe

Founded in 2010 and acquired by Google in 2014, London-based DeepMind made its name applying AI to everything from board games to structural biology

Best of BS Opinion: Investing in AI, China's ambitious targets & more

Here is the best of Business Standard's opinion pieces for today

Investing in AI

Govt should focus on enabling environment

Truth in the AI era

Can legislation enable this?

OpenAI's Sam Altman returns to company's board after probe clears him

Altman is rejoining the company's board following the findings

10K GPUs under IndiaAI mission to be in place over 18-24 months: IT secy

The graphics processing units approved under the IndiaAI Mission will be made available in the next 18-24 months, a top government official said on Friday. Speaking on the sidelines of Tie-Con Delhi-NCR, Electronics and IT Secretary S Krishnan said that the government will invite bids from the industry under the mission and provide viability gap funding for GPU-based computing infrastructure. Our target is that the GPUs under the AI machine should be available between 18 and 24 months and will not be directly available under this mission, Krishnan said. The Cabinet has approved the India AI Mission with an outlay of Rs 10,372 crore for five years to encourage AI development in the country. Under the mission. supercomputing capacity, comprising over 10,000 GPUs (graphics processing units), will be made available to various stakeholders for creating an AI ecosystem. The demand for GPU-based servers has increased as they can process data at a higher speed compared to CPU-based ...

Cabinet nod for India AI mission with Rs 10,372 crore outlay for 5 years

Under India AI Mission, a key focus area is to develop high-end compute capacity within the country, for which the government will facilitate the setting up of more than 10,000 GPUs under PPP model

Large representation of Indian data differentiates us: Krutrim's Ravi Jain

Krutrim's head of strategy Ravi Jain said what differentiates the AI platform from others is that it uses Indian data including different languages to train its models