Page 116 - Artificial Intelligence

Challenges remain, but India better equipped to move to Cloud: Experts

At the Business Standard BFSI Insight Summit, a panel discussed how Cloud and data centres have allowed banking, financial services and insurance (BFSI) and fintechs

Google plans to relaunch Gemini AI image creation tool in few weeks

Bard was renamed Gemini earlier this month and Google rolled out paid subscription plans, which users could choose for better reasoning capabilities from the AI model

Microsoft signs multi-year deal with OpenAI's French rival Mistral

The multi-year deal signals Microsoft's efforts to offer a variety of AI models beyond its biggest bet in OpenAI as the tech giant seeks to attract more customers for its Azure cloud services

A deep threat to election integrity

Deepfakes pose a daunting challenge for India and, if not tackled, they could undermine the 2024 elections

Bhavish Aggarwal's Krutrim rolls out OpenAI's ChatGPT rival in beta mode

During the announcement of the fundraise, Aggarwal had said, "India has to build its own AI, and at Krutrim we are fully committed to building the country's first complete AI computing stack"

Welspun Living expects its revenue from Indian market to triple by 2026-27

Share of Welspun Living's retail and emerging businesses, including flooring and advanced textiles, in its total revenue is also expected to go up by FY27

Cost concerns could delay AI ramp up among IT clients: Infosys exec

While some companies may not be ready for AI scale-up due to reasons such as not being data-ready, the technology is being adopted rapidly by others for the higher opportunity it provides, he said

IIT Madras researchers develop AI model to determine the age of a foetus

Currently, the age of a foetus (Gestational age or GA) is determined using a formula developed for the Western population

MWC: Qualcomm previews multimodal AI models on Android phone, Windows PC

Qualcomm also displayed generative AI features on Snapdragon 8 Gen 3 powered devices from Xiaomi, OPPO, and HONOR. Below are the details

Munich AI accord

Big Tech commits itself to countering election misuse

March Fed pivot ruled out, May rate cut less likely: Vikram Sahu

Sahu says the US elections and Fed pivot will benefit emerging markets (EMs) this year

Sebi using AI for investigations, says whole time member Kamlesh Chandra

Sebi is using Artificial Intelligence (AI) for investigations, its Whole Time Member Kamlesh Chandra Varshney said on Saturday and emphasised that entities should keep track of technological developments. Against the backdrop of instances of manipulations in the stock market, he said the message is that abiding with the law will be more beneficial and violations will cause problems. In response to a question by PTI on whether Sebi is using AI, Varshney said, "we are using Al for investigations... and also using for a lot of things". He was speaking on the sidelines of the 13th international convention of the Association of National Exchanges Members of India (ANMI) in the national capital. As long as the market is transparent and no manipulation is happening, that is fine with the regulator, he noted. The Securities and Exchange Board of India (Sebi) has been taking action against violators as well as measures to enhance transparency and curb misdoings.

Gemini not reliable on political topics: Google on chatbot's response on PM

Under fire over AI tool Gemini's objectionable response and bias to a question on PM Narendra Modi, Google on Saturday said it has worked quickly to address the issue and conceded that the chatbot "may not always be reliable" in responding to certain prompts related to current events and political topics. On Friday, Union Minister Rajeev Chandrasekhar had warned that Google's AI tool Gemini's response to a question around the Prime Minister is in direct violation of IT rules as well as several provisions of the criminal code. Chandrasekhar, Minister of State for IT and Electronics, had taken cognizance of the issue raised by verified accounts of a journalist alleging bias in Google Gemini in response to a question on Modi while it gave no clear answer when a similar question was asked for Trump and Zelenskyy. In an e-mail statement, a Google spokesperson said, "We've worked quickly to address this issue." Google further said Gemini is built as a creativity and productivity tool and

Nvidia's stellar result shifts focus to AI-linked stocks of Indian firms

Shares of Nvidia rose 16 per cent after its result, adding $277 billion in market cap to $1.96 trillion, making it the third-most valuable company in the US ahead of Amazon

Nvidia briefly hits $2 trillion valuation as AI frenzy grips Wall Street

The milestone followed another bumper revenue forecast from the chip designer that drove up its market value by $277 billion on Thursday - Wall Street's largest one-day gain on record

Use of AI can prevent stressed assets: IMF ED Krishnamurthy Subramanian

Subramanian said India should follow the global practice where the bourses and the regulator need to be informed when there is a violation of a technical covenant

Nvidia surges after company proclaims AI has hit 'tipping point': Report

The shares jumped about 13% in premarket trading on Thursday following the announcement. They earlier closed at $674.72 in New York, leaving them up 36% for the year

Disney leans on AI in latest class of startup investments: Report

Walt Disney Co. chose three companies working on artificial intelligence to be among the five picked for its annual business incubator program

Google pauses AI image generation of people after race inaccuracies

Earlier this week, Google said it was aware Gemini was offering what it called 'inaccuracies in some historical image generation depictions.'

57% Indian consumers prefer AI tools over human interaction, shows data

Human interaction remains a top choice when considering aspects of decision-making, customer support, and returns or cancellations, said the survey