Page 83 - Artificial Intelligence

Paytm bets on AI-first features to power profitability in the next 2 years

Chatbot will let customers ask questions, explore topics in Indian languages and make financial decisions

DeepSeek emerges as a global force in China's rapidly growing AI industry

DeepSeek is now global force. But it's just one player in China's booming AI industry

AI in healthcare likely to contribute $30 billion to GDP by 2025: Report

Artificial Intelligence (AI) in healthcare is projected to contribute USD 25-30 billion to India's GDP by 2025, enhancing accessibility, diagnostics, and treatment outcomes, according to a report by Deloitte. Government-backed initiatives like the IndiaAI Mission and the Digital Personal Data Protection Act, 2023, are setting the stage for a digitally empowered healthcare ecosystem, ensuring responsible AI integration and enhanced data security, it noted. As per the report -- "Digital Healthcare- Top 10 Myths Debunked Digital Health & AI", AI adoption in healthcare has surged past 40 per cent, surpassing sectors such as FMCG (30 per cent) and manufacturing (25 per cent). Deloitte India Life Sciences and Health Care Industry Leader Joydeep Ghosh noted that India's digital healthcare ecosystem is rapidly advancing, with AI-powered diagnostics, MedTech innovations and digital health records transforming patient care. India's surgical consumables and disposables exports reached USD ...

Amazon unveils gen AI-powered 'Alexa+' with agentic abilities: What's new

Alexa+ will first launch in the United States in the coming weeks, with a gradual rollout to select Echo Show devices, including Echo Show 8, 10, 15, and 21

Donald Trump's AI-generated video shows Gaza as luxury resort, sparks row

The video features a golden statue of Trump, a hummus-eating, dancing Musk, and American and Israeli leaders relaxing on beach, promoting his proposal to expel 2.1 mn Palestinians and transform Gaza

Hong Kong to cut 10k civil service jobs, invest in AI to tackle deficit

Hong Kong will cut thousands of civil service jobs and boost spending in artificial intelligence as it seeks to tackle an increasing deficit, authorities said Wednesday. Finance Secretary Paul Chan said during a budget speech that there would be a cumulative reduction of government recurrent expenditure by 7 per cent from now until 2027-2028. Hong Kong's deficit had reached 87.2 billion Hong Kong dollars (USD 11.2 billion) for the financial year of 2024-2025, making it the third straight year of losses. It gives us a clear pathway towards the goal of restoring fiscal balance, Chan said. He said 10,000 civil servant posts would be cut by April 2027, representing a reduction of about 2 per cent of the civil service in each of the next two years. Salaries will also be frozen in the civil service this year. Chan also said that up to 195 billion Hong Kong dollars (USD 25 billion) worth of bonds will also be issued in the next five years to ensure progress of important infrastructure ..

upGrad earmarks Rs 100 cr for creating AI incubator: Ronnie Screwvala

Edtech unicorn upGrad has earmarked Rs 100 crore to create an AI incubator, to boost innovation in learning and skilling space, a top company official said. upGrad Founder and CEO, Ronnie Screwvala told PTI in an interview that outside the school and colleges curriculum the learning and skilling space is evolving rapidly and there is need to explore innovative ways to address this segment. "We are putting Rs 100 crore. It will be used for incubation as well as acquiring minority stake in 5-6 startups at an early stage so that we do not dictate them. We don't want to get into the valuation game as it becomes too onerous for a startup but we want them to innovate in a more frugal manner," Screwvala said. The move follows upGrad's announcement in Davos of creating an AI center of excellence with investment of Rs 2,150 crore in collaboration with the Maharashtra government. The company has also entered into a partnership with Microsoft to train 10 lakh STEM Indian professionals in one

Glance deepens pact with Google to add GenAI content in new apps

Glance will work with Google Cloud and use its tech such as Gemini AI and Imagen, a text-to-image model, to create content for customers who use its smartphone and TV screensavers

Bridgetown Research secures $19 m to scale AI-Powered biz research agents

The company is developing AI-powered agents for business research and analysis, targeting private equity, consulting, and corporate strategy companies

China's DeepSeek cuts off-peak pricing for developers by up to 75%

DeepSeek's low-cost AI models triggered a major sell-off in global equity markets last month, as investors worried that its arrival could threaten current AI market leaders

BS Manthan: Can India's upskilling push secure its job market future?

Industry leaders will explore the challenges and opportunities in job market, assessing if India can emerge as a global leader by 2030 through AI, upskilling, and digital innovation

With AI in focus, the next decade is about 'value realisation': McKinsey

Additionally, if the tariff threat made by US President Donald Trump becomes a reality, that too will have an impact on the industry

SAP Labs India looks to double its productivity gains from GenAI

Nasscom's data show that India will create 2.7 million new and reskilled AI jobs by 2028

DeepSeek accelerates to launch next-gen AI model as China goes all in

The company says it hopes the new model will produce better coding and be able to reason in languages beyond English

Alibaba to release open-source version of video, image generating AI model

The release of the model comes as competition intensifies in China's AI market, following DeepSeek's launch of its latest open-source models last month

Delhi High Court refuses to hear plea early seeking ban on Deepseek

The bench, also consisting of Justice Tushar Rao Gedela, had on February 12 said that AI tools are dangerous, irrespective of whether they are in Chinese or American hands

Nvidia's H20 chip orders jump as Chinese firms adopt DeepSeek's AI models

Surge in orders underlines Nvidia's dominance of the market and could help alleviate concerns that DeepSeek might cause a slide in AI chip demand

Maharashtra will lead AI and technology revolution: CM Devendra Fadnavis

Chief Minister Fadnavis said that the level of digital services has increased in the state and most government services have become available online

India's differentiator in realty is vibrant work ecosystem: Neil Murray

Murray shared his insights on the country's growing commercial real estate sector

Global CEOs split on GenAI's impact on jobs, automation concerns rise

For instance, DBS Group expects its workforce to reduce by 10 per cent, or 4,000 employees, over the next three to four years