Page 58 - Artificial Intelligence

CoreWeave commits $6 bn to Pennsylvania data centre amid Trump AI push

The announcement will be made during a CEO roundtable with Trump at Senator Dave McCormick's inaugural Pennsylvania Energy and Innovation Summit, the company said in a statement

AI adoption helped cut costs and gain new customers, says TVS ILP

Logistics parks operate at full capacity as AI adoption drives operational efficiency, cost reduction and higher customer retention despite global tariff challenges

AI video platform Trupeer raises ₹25.8 crore from RTP Global, others

AI video platform Trupeer has raised USD 3 million (around Rs 25.8 crore) in a seed funding round led by RTP Global, a statement said on Tuesday. The funding round also saw participation from Salesforce Ventures and a consortium of over 20 CIO and CTO angel investors from Fortune 500 companies, Trupeer said. This round supports Trupeer's mission to reinvent how teams create product videos, tutorials, and walkthroughs, the AI platform said, adding that it will help unlock AI videos for business workflow communication. Trupeer CEO and co-founder Shivali Goyal said that the platform is already being used by over 10,000 teams globally to turn raw screen recordings into instant, studio-quality product videos across 50-plus languages for product marketing, customer success and training. Looking ahead, Trupeer is expanding beyond screen recordings. The team is building new ways to generate video from documents, personalize content at scale, and integrate natively with the tools where team

Tech Wrap July 15: ChromeOS Android merger, HMD T21 tablet, OnePlus AI

Google to merge ChromeOS and Android platforms. HMD T21 tablet launched. OnePlus AI suite rolls out to OnePlus 13, 13R. Realme C71 5G launched. Canva in Claude AI. Nothing Phone 3, Headphone 1 on sale

San Francisco rolls out Microsoft's AI tools to 30,000 govt workers

With Microsoft 365 Copilot, the US city aims to cut down on administrative burden, improve public services, and become a benchmark for responsible AI use in government

Trump admin to allow resumption of H20 AI chip sales to China: Nvidia

The development comes amid a preliminary trade deal between the US and China last month, which sought China to resume the exports of rare earth and the US to relax its export curbs

Pentagon awards AI contracts to Google, OpenAI, xAI and Anthropic

The contracts represent a significant revenue stream for AI companies, which have been looking to expand their reach into the public sector

Meta's days of giving free AI may be ending as monetisation plans loom

Unlike AI models from Google and OpenAI, Meta's Llama is described as "open source," meaning its underlying code is freely available online for anyone - including rivals - to use and adapt

Musk suggests Tesla shareholders should vote on possible xAI investment

Musk asked X users publicly last year if Tesla should invest $5 billion in xAI, writing at the time that he was just testing the waters

SpaceX commits $2 billion to xAI as Musk steps up AI ambitions: Report

The investment follows xAI's merger with X and values the combined company at $113 billion, with the Grok chatbot now powering Starlink support

Nvidia CEO Jensen Huang to hold media briefing in Beijing on July 16

Nvidia's market value topped $4 trillion for the first time last week, solidifying the chipmaker's position as Wall Street's central player in a race to dominate AI technology

AI firm iOPEX Technologies innaugrates second facility in Chennai

The new engineering Centre established by global leader in agentic AI and automation-led enterprise transformation solution provider iOPEX Technologies would help enterprise clients achieve significant business outcomes, a top official said. The US-based company recently strengthened its footprint with the inauguration of the second facility in Chennai, marking a new chapter of growth in the region. Commenting on the inauguration of the facility, company CEO Shiva Ramani in a press release on Sunday, said, "Chennai has been a strategic location of iOPEX for over 15 years and expanding to this new facility reaffirms our commitment to investments in expanded service capabilities leveraging next-gen technologies such as agentic AI to accelerate the transformation of our Fortune 500 clients." The new facility located at Olympia Cyberspace, Guindy complements the organisation's 9 global locations including San Jose and Dallas in the United States, London in the United Kingdom, Manila in

Musk's xAI issues lengthy apology for Grok's violent, antisemitic comments

The company blamed a system update for the remarks where the chatbot was seen praising Adolf Hitler

India first country to launch a traditional knowledge digital library: WHO

The WHO release follows India's proposal on the subject, leading to the development of WHO's first-ever roadmap for applying AI in traditional medicine

Meta acquires voice AI startup PlayAI as it continues to add talent

Meta has made AI the company's top priority this year, investing heavily in infrastructure such as chips and data centers, as well as recruiting top talent to build AI models and features

Musk's xAI seeeks up to $200 billion valuation in fresh funding talks

If the new financing materializes, it would bring xAI's total new backing to $20 billion - a goal that has been discussed by the company

Can China effectively compete in the artificial intelligence talent war?

The competition for AI talent prompted Meta Platforms Inc to reportedly offer sign-on bonuses of $100 million to lure senior staff from rivals

Raymond adopts AI, automation in HRMS to create future-ready workforce

Raymond, which celebrated its centenary this year, has embarked on a massive exercise to redefine skills for the modern age and is using automation to improve its productivity and efficiency, a top company official said. In a bid to create an engaged and skilled talent workforce that is 'ready-for-the-future', the 100-year old group is leveraging AI and automation in people practices. "We are in the process of implementing a very powerful HRMS system which has the ability to deploy AI. However, we are committing to preserving the human-centric ethos of the organisation. "Through extensive training, we will be sensitising people managers on working with empathy and emotional intelligence in the age of AI," KA Narayan, President, HR, Raymond, told PTI. Raymond is a diversified group with majority business interests in textile & apparel sectors and a presence across varying segments such as consumer care, realty and engineering in national and international markets. Its 100-year ...

Shiprocket launches multimodal AI model for MSMEs and D2C businesses

E-commerce enablement platform Shiprocket on Friday launched a multimodal AI engine, Shunya.ai, for MSMEs and D2C businesses. The AI stack is developed to support multilingual commerce, regional customer experiences, and scalable automation, the company said in a statement. "Developed in partnership with Ultrasafe Inc. through a joint venture, Shunya.ai brings together voice, text, and image intelligence in 9-plus Indian languages, built, trained, and hosted entirely within India. The platform is set to reach over 1 lakh MSMEs within the first year, driving time and cost savings across cataloguing, marketing, fulfilment, and customer engagement workflows," it said. With this launch, Shiprocket looks to tap into India's USD 1 trillion MSME economy and growing digital commerce opportunity, projected to reach USD 350 billion by 2030. MSMEs account for over 30 per cent of the country's Gross Value Added (GVA). Shunya.ai, trained on Indian commerce data, is hosted entirely within the ..

Every dollar or energy saved is what you don't need to produce: Sharma

We have built almost 580 vocational training centres, where we have trained almost 300,000 plus youths so far, says Deepak Sharma, zone president, Greater India, MD & CEO of Schneider Electric India