Page 60 - Artificial Intelligence

Best of BS Opinion: University-level funding key to India's R&D targets

Today's opinion page takes a closer look at the RDI scheme, India's R&D lapses, the current account deficit, and whether the RBI's changes to project finance are a good idea in the long run

With $3.92 trn valuation, Nvidia on track to become most valuable company

The shares were last up 1.5 per cent at $159.60, leaving Nvidia's stock market value at $3.89 trillion, just short of Apple's record

GobbleCube raises $3.5 million to expand AI tools for consumer brands

InfoEdge Ventures leads Pre-Series A round as GobbleCube targets growth in hyperlocal commerce with AI-driven solutions for top consumer brands

Aadhaar authentication hits 2.29 bn-mark in June; face authentications rise

The Aadhaar-based authentication is being used to deliver welfare services and enable people to access services from various providers

State AI law ban dropped from Trump's tax bill after GOP rift over rules

A controversial bid to deter states from regulating artificial intelligence for a decade seemed on its way to passing as the Republican tax cut and spending bill championed by President Donald Trump worked its way through the US Senate. But as the bill neared a final vote, a relentless campaign against it by a constellation of conservatives including Republican governors, lawmakers, think tanks and social groups had been eroding support. One, conservative activist Mike Davis, appeared on the show of right-wing podcaster Steve Bannon, urging viewers to call their senators to reject this AI amnesty for trillion-dollar Big Tech monopolists. He said he also texted with Trump directly, advising the president to stay neutral on the issue despite what Davis characterised as significant pressure from White House AI czar David Sacks, Commerce Secretary Howard Lutnick, Texas Sen. Ted Cruz and others. Conservatives passionate about getting rid of the provision had spent weeks fighting others

Railways building AI-based integrated security centre, analytics platform

Railways should leverage AI for dynamic freight pricing, suggests Vinod Dham

TCS announces leadership rejig with a focus on AI-first transformation

The company also said that Krishnakanth Narayanrao, who heads Ultimatix, will report to Sanathanam

AI in currency: How it is quietly rewriting the rules of modern banking

Artificial intelligence is quietly transforming consumer-facing industries

From cancer detection to treatment, how AI is transforming health care

Artificial intelligence is changing the DNA of health care with the promise of a 'healthier human'. The second of a three-part series

Buy-buy AI: Why India's retailers are betting big on AI-powered growth

The concluding part of the series looks at how artificial intelligence is transforming every aisle with algorithms, from product discovery to logistics and marketing

Need to shift from fortnightly to real-time credit reporting: RBI DG

RBI's Rajeshwar Rao calls for real-time credit reporting, use of alternate data, AI and tokenisation to improve access and efficiency in India's expanding credit ecosystem

Zango raises $4.8 mn to scale AI-native compliance tools, expand teams

Zango, which helps financial firms stay audit-ready with AI agents, will use its $4.8 million seed funding to grow teams in London and Bengaluru and build new product modules

Ed-tech cos embrace AI bots to solve learners' doubts fast, and at scale

As AI-driven tutoring bots emerge as a key differentiator, ed-tech companies say that they will continue to invest in the tech to upgrade it and make it more accurate

OpenAI offers custom AI consulting services to clients at $10 million+

Pentagon, Grab among early clients as OpenAI expands to offer tailored versions of its flagship GPT-4o model to clients

Best of BS Opinion: India could face trade and investment challenges

Today's opinion page pieces look at the many challenges India faces, from trade, logistics reforms, AI in governance and a demographic time-bomb

Governing with AI: Future-ready policy decisions need adaptive systems

Artificial intelligence can help enable real-time decision-making, but its potential depends on how govts adapt

Grammarly acquires startup Superhuman in AI productivity platform push

Superhuman, once an exclusive email tool boasting a long waitlist for new users, was last valued at $825 million in 2021, and currently has an annual revenue of about $35 million

Musk's xAI raises $5 billion each in fresh debt, equity: Morgan Stanley

The proceeds will support xAI's continued development of AI solutions, a data center and its flagship Grok platform

Apple considers using Anthropic or OpenAI to power Siri in major shift

A switch to Anthropic's Claude or OpenAI's ChatGPT models for Siri would be an acknowledgment that the company is struggling to compete in generative AI - the most important new technology in decades

Delhi developer Anant Raj to invest $2 billion on India data center boom

Anant Raj's move follows ambitious plans by India's top business houses Adani Group and Reliance Industries Ltd. to expand their footprint