Page 84 - Artificial Intelligence

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

Indian ITeS Industry and GenAI Conundrum as adoption remains under 40%

According to the latest BCG report 'The GenAI Adoption Conundrum', over 80 per cent of developers acknowledge its advantages, citing increased productivity and efficiency

GenAI making IT biz model outdated, says HCLTech CEO C Vijayakumar

IT major will hire more people at the entry level but need specialised skillsets

Amgen opens $200 million technology and innovation hub in Hyderabad

The facility, which occupies approximately 524,000 square feet across two towers in HITEC City, will focus on harnessing AI, data science, and digital innovation to accelerate research and development

Maharashtra govt working on a dedicated AI policy, developing GCC parks

Fadnavis said that technology will play a crucial role in making Maharashtra a trillion-dollar economy

Nvidia's chip demand faces scrutiny as DeepSeek stirs doubts on AI spending

Claims that DeepSeek's AI models rival its Western counterparts at a fraction of the cost has led some investors to ask if Nvidia's cutting-edge chips are essential for gaining an edge in AI race

Apple to add 20,000 US Jobs, produce AI servers amid Trump tariffs threat

The $500 billion investment and 20,000 new jobs over the next four years mark Apple's biggest US commitment to date

India's IT sector must revamp biz, create own language models: HCLTech CEO

The generative AI boom has threatened to disrupt business models for Indian IT companies that largely serve clients in the United States for operations support, providing software as a service

Alibaba joins global AI race, commits to $53 billion investment over 3 yrs

Chinese e-commerce giant Alibaba Group will focus on expanding data centres and computing capabilities to support the next generation of AI applications

India leading in AI adoption, shaping how it's governed, says FM Sitharaman

Union Finance Minister Nirmala Sitharaman on Saturday said India was not just leading in the adoption of artificial intelligence, but also shaping how AI is governed. Speaking at the 6th convocation of the Indian Institute of Information Technology (IIIT) Kottayam, Sitharaman said that India was not just ready for AI, but the demand for AI-driven solutions was also high in the country. She said this was evident from the fact that the country recorded 3 billion AI-related app downloads in 2024, while the US and China had only 1.5 billion and 1.3 billion downloads, respectively. The Finance Minister also said that India being made the co-chair at the recent AI Action Summit in Paris was a recognition of the country's global position in the sector. She noted that at the summit, Prime Minister Narendra Modi had emphasised that AI was not just a matter of national significance but a global responsibility. "What he (Modi) said gives us a very big messageuse AI, but use it responsibly. D

Tripura has started using AI to identify tax evaders, says CM Manik Saha

Tripura Chief Minister Manik Saha on Saturday said the state has been using artificial intelligence (AI) to identify tax evaders and will take action against them. While addressing GST 'Jaagrookta Abhiyan' at Prajna Bhavan, the chief minister said the tax collection plays a key role in accelerating development in the northeastern state. "Of the state's annual budget of Rs 27,800 crore in the 2024-25 financial year, its own revenue stands at Rs 3,700 crore. Only Rs 10,000 crore remained after meeting the non-plan expenditure- salary, pension, loan and interest of loan. The state needs to pay 25 per cent of its own revenue (Rs 3,700 crore) to Tripura Tribal Areas Autonomous District Council (TTAADC) and 10 per cent to Urban Local Bodies (ULBs)," he said. Emphasising on more tax collection by preventing evasion, the chief minister said the development depends on the tax collection. "If there is more tax, there will be more development. The government is taking all possible steps to ..

Over 50 firms sign up for race to develop India-specific AI models

Of these, nearly a dozen have expressed interest in building the foundation model and LLM

Artificial intelligence is changing how Silicon Valley builds startups

Lee, 41, would normally be flattered. In the past, a fast-growing startup like Gamma, the artificial intelligence startup he helped establish in 2020, would have constantly looked out for more funding

Enhancing efficiency, customer experience: Why companies adopt AI

The flagship survey report was unveiled at the AI India Global Exhibition and Summit

Corporate leaders push for AI localisation to drive India's tech growth

Bhatnagar also pointed out that his organisation is actively working on Bharat LLM

OpenAI vs ANI: IP, copyright laws, 'fair use' doctrine likely to be tested

OpenAI vs ANI in Delhi HC on Friday: Experts believe decision will define working, future of AI firms in India

TCS, Salesforce tie up to drive AI power in manufacturing, semiconductors

Tata Consultancy Services (TCS) on Thursday announced a new collaboration with Salesforce to help customers in the manufacturing and semiconductor industries drive value from artificial intelligence. As part of this collaboration, TCS launched three initiatives. These include Semiconductor Sales Accelerator for increasing sales with data-driven insights; Seller for the Future for providing near real-time insights, predictive analytics, and personalised recommendations; and Digital Field Service to equip technicians on field with real-time information, predictive maintenance insights, and optimised scheduling. "The collaboration will leverage the combined industry expertise, AI, and cloud capabilities of TCS and Salesforce to help manufacturers and semiconductor chipmakers to unlock data-driven insights for smarter selling and exceptional service," according to a release. One of the key challenges for organisations in their AI adoption journeys is to unlock the true value of their ..

Alibaba plans major AI investment as revenues rebound in third quarter

The company's revenue was 280.15 billion yuan ($38.58 billion) for the three months ended December 31, compared with 279.34 billion yuan expected by 17 analysts polled by LSEG

India among largest countries in Meta AI adoption, says India head

Says over 4 million entities have used at least one of the firm's GenAI offers

Razorpay unveils four new offerings, including AI features, at FTX 2025

The firm said the corporate card would enable customised spending limits and supplementary cards