Page 32 - Artificial Intelligence

OpenAI unveils India-first plan, to give 500K free ChatGPT licences

OpenAI launched an India-first education initiative to distribute 5 lakh free ChatGPT licences for six months to government school teachers, engineering students, and K-12 educators

AI disruption fears spark investor scrutiny of software companies' stocks

Fourteen years later, artificial intelligence is inspiring similar euphoria and some investors are preparing for a hefty slice of the software industry to become the feast

AI can reshape 35-50% of job roles in Indian banking system: BCG report

Amid concerns over artificial intelligence's impact on jobs, a consultancy firm on Monday said the adoption of the technology can "reshape" half of the roles in the Indian banking sector. In what may come as a concerning outcome for banks, Boston Consulting Group (BCG) said that despite a nearly five-times increase in information technology spending of banks over the last decade, the gains in productivity are limited. The firm pegged the actual productivity gains at just 1 per cent for Indian banks, and added that lenders from the country trail their global peers. AI adoption can help banks overcome the challenge posed by limited productivity gains, it said, adding that many banks are already adopting such tools. "We feel that about 35-50 per cent of jobs can get reshaped if banks are able to boldly embrace these new technologies, and that will be a prerequisite if the banking sector has to break the sticky cost structures that they've been encountering over the last few years," it

China's space station taikonauts now have an AI assistant: Meet Wukong

China's Tiangong station has deployed Wukong AI, its first large-scale artificial intelligence assistant, to support taikonauts during missions and spacewalks

Meta partners with Midjourney for its products and models: What to expect

Meta said it will license Midjourney's "aesthetic technology" to enhance AI imagery, bringing advanced image generation into Facebook, Instagram, and WhatsApp

Best of BS Opinion: The RBI's current policy framework has worked well

Today's Opinion Page looks at the RBI's recent discussion paper on inflation targeting, OpenAI's plans for India, the role of institutions in growth, and the recent GST rate cuts boost to growth

Vibe coding flips the script on IT hiring, opens doors for non-tech talent

IT cos seeking talent from non-tech backgrounds to tap into AI expertise

India bets on open-source AI to challenge US tech giants: Himanshu Tyagi

Sentient founder Himanshu Tyagi advocates for open-source AI to ensure India's technological sovereignty, as the country's AI talent pool grows rapidly and aims to challenge US and Chinese dominance

Economic ties boosting growth, India key for AI, tech: Microsoft India Prez

Microsoft India President Puneet Chandok has termed the country one of the most exciting markets for technology and AI, underlining the company's commitment to India and belief in economic ties that power global growth. Chandok, President of Microsoft India and South Asia, told PTI in an interview that while AI now writes 30 per cent of the company's code, a massive "tech debt" remains on the supply side in the industry, one that requires more engineers, software and applications as the company pushes to build for the future. Microsoft CEO Satya Nadella had, in April this year, said as much as 30 per cent of the Redmond, Washington-headquartered tech giant's code is now written by artificial intelligence, or AI. Chandok described India as "one of the most exciting markets in the world for technology and AI". "We, as Microsoft, are committed to India and we want to move the country forward," he said. As a multinational organisation with extensive footprint worldwide, the company se

OpenAI to launch first India office in Delhi this year as user count surges

Company has established a legal entity in the country and is hiring a dedicated local team

Meta strikes $10 bn Google Cloud deal to boost AI expansion drive

The accord marks the first major cloud computing deal between Meta and Google, which ranks third in the market behind Amazon.com Inc.'s AWS and Microsoft Corp.'s Azure

Nvidia in talks with Trump admin to design new chip for China: CEO Huang

This comes after Nvidia announced that it is pausing H20 chips to China after the Chinese regulators raised security concerns, prompting suspension of production and deliveries

Nvidia halts H20 chip production after China cites security concerns

After US nod, Nvidia's H20 shipments face fresh hurdles with Chinese regulators citing security risks; suppliers told to pause production

Nova IVF Fertility introduces AI into IVF labs for precise embryo selection

Nova IVF Fertility introduces AI-powered Vita Embryo across 120 clinics in India, improving IVF success rates and accuracy, in partnership with South Korea's Kai Health

Pixel 10 series: Magic Cue to Camera Coach, Gemini AI features explained

Google introduces the Pixel 10 series with Android 16, highlighting Gemini AI tools like Magic Cue, Camera Coach, NotebookLM integration into Screenshot, and more. Here's what they'll do

Search engines reportedly indexed users' chats with Grok: What it means

Chats shared via Grok's "share" button are being indexed by Google and other search engines, making user conversations publicly searchable on the web

AI should be used in preparation of project report for highways: Gadkari

Artificial intelligence (AI) should be used in the preparation of detailed project reports for highway construction, mining and enhancing agricultural productivity, Union Minister Nitin Gadkari said on Wednesday. Addressing an event here, Gadkari said innovation, technology and AI will be India's strength. "In India, the quality of DPRs prepared by consultancy firms is not good. AI can be used in every field, including in the preparation of DPR for highway construction, mining and enhancing agricultural productivity," he noted. A DPR, which includes surveys, investigations and designs, is essential to the project implementation process. Recently, the road transport and highways minister had said the government will penalise those consultants who do not adhere to proper procedures in making detailed project reports (DPRs) for highways and tunnels. "AI can also be used to analyse road accident data and black spots," he said. While noting that the use of AI will be a qualitative ref

Indian AI founders tapping global capital, building international products

While there is a well-developing local market in India, US customers are more eager to try new products and are willing to pay for them, says Krishna Mehra, AI partner at Elevation Capital

Silicon Valley needs to get over its obsession with superhuman AI

In 1950 the computing pioneer Alan Turing proposed the imitation game, a test in which a machine proves its intelligence by how well it can fool human interrogators into believing it's human

Weaver raises $170 million to expand AI-led affordable housing finance

Weaver Services secures $170 million from Lightspeed, Premji Invest, and Gaja Capital to drive asset acquisitions, tech innovation, and housing finance access in tier-2 and tier-3 cities