Page 123 - Artificial Intelligence

India must lead AI revolution, not just participate, says Amitabh Kant

India should not just participate but steer the ongoing AI revolution, and mobilise the powerful technology to bring the nation to the forefront of the global stage, the country's G20 Sherpa Amitabh Kant said on Thursday. "We're truly in a unique moment with the ongoing AI revolution. Its relentless advancing capabilities across the board, its increasing adoption by citizens, and most importantly, its potential to redefine the very fabric of industry and society marks this as a transformative era," the former NITI Aayog CEO said at the Global IndiaAI Summit here. Citing industry body nasscom, Kant said 70 per cent of Indian startups prioritise AI to drive their growth, thus underscoring the critical role of AI in the startup ecosystem. "India proudly holds the position of having the second highest number of GitHub AI projects globally, accounting for 19 per cent of worldwide AI projects. this demonstrates a vibrant and active engagement in AI development on an international scale.

AI deals lift US venture capital funding to highest level in two years

Some are expecting the M&A market for AI startups to pick up in the second half, as tech companies with capital or sought-after stock, from Nvidia to Databricks, have been acquisitive

GPAI members reaffirm commitment to human-centric, reliable AI to all

The mid-year summit of the GPAI members welcomed Serbia as incoming chair of grouping

Investors pour $27.1 billion into AI startups, defying a downturn

Now, the AI boom that started in late 2022, has become the strongest counterpoint to the broader startup downturn

OpenAI to support app development initiative under India's AI mission

Talking about the development of AI in India, Narayanan said that the technology has added speed and dynamism to the already dynamic entrepreneurial ecosystem in India

India will follow a DPI-like approach for artificial intelligence: Vaishnaw

The minister expressed concern about the issues arising from AI and said that the entire world was facing the same challenges with the technology

Govt to hold 'Global IndiaAI Summit' on July 3-4 to discuss key AI issues

The Ministry of Electronics and Information Technology will organise a global AI summit on July 3-4 to discuss issues related to artificial intelligence with India firmly committed to ethical and inclusive growth of this new-age technology. Through the 'Global IndiaAI Summit 2024', India aspires to establish itself as a global leader in AI innovation, ensuring that AI benefits are accessible to all and contribute to the nation's socio-economic development. The two-day event being organised by the Ministry of Electronics and Information Technology (Meity) in the national capital highlights the government's "unwavering commitment to the responsible development, deployment, and adoption of artificial intelligence", the release said. Key speakers at the event include Minister for Electronics and IT Ashwini Vaishnaw; Minister of State for Electronics and IT Jitin Prasada, as well as industry leaders. The summit will provide a platform for leading international AI experts from science, .

Robots in your veins

The Singularity Is Nearer follows Kurzweil's 2005 The Singularity Is Near, and several other heraldic works of tech futurism that have become sacred texts to the current generation of AI utopians

Good that the hype around Gen AI has come down: Capgemini CEO Aiman Ezzat

Ezzat talks about hype around Gen AI, India talent and recovery in global business

AI to be gamechanger for India in citizen services: Salesforce's Arundhati

AI's cross-border nature will require a 'Global Compact' to ensure its benefits reach all of humanity and to safeguard against any potential misuse, Arundhati Bhattacharya, the top boss of Salesforce India has said exuding confidence that for India, Artificial Intelligence will be a "gamechanger" in delivery of public services. Bhattacharya, the CEO and Chairperson of Salesforce India and former Chairperson of the SBI, said that AI is poised to bring about a transformation in every sphere - from healthcare to diagnostics, and education to skilling. The advent of this futuristic technology will benefit India in a big way, firing the engines of public service delivery, at scale and lower cost, she observed. In an interview with PTI, Bhattacharya also highlighted the need for a 'Global Compact' on AI, given the cross-border nature of technology and its impact. Bhattacharya said she is convinced that AI would benefit society, but in the wrong hands it can be prove to be "quite harmful"

We have strong pipeline of over $50 mn AI-led deals: Sonata Software CFO

A strong pipeline of large deals is expected to drive growth for the Bengaluru-based company

Nokia bets on AI feuled data center boom in $2.3 billion Infinera deal

The takeover will value the optical telecommunications maker's equity at $6.65 per share, the companies said in a statement late on Thursday

Smart match balls to AI: Tech changing face of football at Euro 2024

From smart-enabled match balls and artificial intelligence to cryogenic recovery chambers, soccer is being transformed by the cutting-edge technology available to players, coaches and officials. That much has been evident at Euro 2024, where advancements in areas such as equipment and sports science have been deployed on and off the field, designed to improve the game, the fan experience and player welfare. Not all of it is a hit with everyone. For instance, there are still complaints about VAR decisions just as there were about decisions in the days before VAR was introduced. Regardless, the world's most popular sport continues to be impacted by rapidly-developing technologies in the wider world. Right calls VAR decisions have, in large part, seemed to be a smoother process here than seen, for instance, in the Premier League last season. UEFA is deploying semi-automated offside technology, along with AI and Adidas' connected ball technology to speed up the review process and im

Introduce a single window clearance system for data centres: PwC-Assocham

Currently, only the state government of Maharashtra allows a single window clearance system for this industry

Skills, financial support, AI access key challenges for tech MSMEs: Nasscom

Around 94% of tech MSMEs acknowledged AI's ability to drive business growth, and 87% showed confidence in AI's potential to improve overall productivity in their enterprises

Skill and employment sector calls for job creation, GenAI courses

Gayathri Vasudevan, trustee at Sambhav Foundation, said the meeting focused largely on optimising the utilisation of existing funds

UN unveils 'Global Principles' to combat online misinformation, hate speech

The UN chief Antonio Guterres said the threats to information integrity are not new but are now spreading at unprecedented speeds due to digital platforms and AI

MapmyIndia founders set up new AI data analytics, consulting firm ClarityX

Digital navigation firm MapmyIndia founders have set up new entity ClarityX, which will operate in the domain of AI-based data analytics and consulting services, a top company official said. MapmyIndia Co-Founder and CMD Rakesh Verma, who has founded the new firm, revealed that MapmyIndia initially started as a data analytics company and with ClarityX, the founders want to start afresh with their vision around the data analytics and consulting services associated with it. "In the 90s when we started MapmyIndia, it was initially in the business of data analytics but the navigation part picked up well. "We are now setting up an AI-driven data analytics and consulting company ClarityX which is independent of MapmyIndia, and will provide to all enterprises, including MapmyIndia as a partner," Verma said. Further, he said, "MapmyIndia does not hold any stake in ClarityX." ClarityX has started operations in partnership with MapmyIndia. "We see ClarityX as an Indian alternative to globa

Meta rolls out Meta AI in India, will take on ChatGPT and Google Gemini

Tool launching today; it will be available on all social media platforms of the company to assist people in their daily lives

Formula 1 and Amazon aim for AI-powered 'personalized' race viewing

Vying against other sports, streaming shows, TikTok and video games, the battle for attention has never been so intense