Page 97 - Artificial Intelligence

Wall Street expected to slash 200,000 jobs as AI encroaches human roles

Back office, middle office and operations are likely to be most at risk, according to Tomasz Noetzel, the BI senior analyst who wrote the report

Innovaccer raises $275 mn to expand its healthcare AI capabilities

This funding will support Innovaccer's efforts to expand collaboration with existing customers, introduce new AI and cloud capabilities, and scale its developer ecosystem

India's AI push gains force amid PM's power talks with tech leaders

While numerous AI startups are emerging, other companies are integrating AI into their existing operations

Satya Nadella praises Sharad Pawar-led body on AI use for farmers

Microsoft Chairman and CEO Satya Nadella on Wednesday lauded the Agricultural Development Trust (ADT) of Baramati in Maharashtra for using Artificial Intelligence (AI) to help farmers. It was great to meet the team at ADT Baramati today, who are using our AI tools to help farmers grow healthier, more sustainable harvests, Nadella posted on X. Former Union agriculture minister and ADT founder Sharad Pawar thanked Nadella for his words of praise for the organisation. Thank you @satyanadella, for highlighting the benefits of AI for agriculture. We at ADT Baramati are committed to bring to the farmers the latest technologies available in order for them to benefit from the same, and are committed to work with Microsoft to ensure the technologies are put to the best use possible, Pawar posted on X, in reply to Nadella's post. The Agricultural Development Trust was founded by Pawar and his elder brother Appasaheb Pawar in 1968 with the objective of ushering in agricultural and educational

Microsoft, IndiaAI join hands to train 500,0000 individuals on AI by 2026

The government's artificial intelligence programme unit IndiaAI and Microsoft have partnered to train 5 lakh individuals, including students, educators, developers, government officials, and women entrepreneurs on AI by 2026, a senior company official said on Wednesday. Microsoft India and South Asia President, Puneet Chandok told PTI that the USD 3 billion investment announced by the company's Chairman and CEO Satya Nadella will be on building tech, infrastructure and AI capacity and also on building the human capital in this country. "We had announced training for 20 lakh people last year. We have already trained 24 lakh. We have announced to train 1 crore people over the next five years. We have also signed an MoU with IndiaAI mission and as part of that, 5 lakh people will be trained," Chandok said. The government in March 2024 approved Rs 10,372 crore for the development of AI ecosystem in the country for five years. Under the collaboration, AI Productivity Labs in 20 National

hBits raises Rs 40 crore in Series A funding to finance growth plans

hBits, which facilitates fractional ownership of commercial real estate, has raised Rs 40 crore from investors to fund growth plan. In a statement on Wednesday, hBits said it has raised Rs 40 crore in its Series A funding round from Capricon Realty Private Ltd, an entity of Thackersey Group. The funds will be used to enhance hBits' AI-driven technology platform, expand its geographical presence, and bring curated, high-value investment opportunities to a wider audience, it added. The Thackersey Group, with a rich legacy of over 150 years, has been a significant contributor to Mumbai's business and cultural fabric, spanning industries like textiles and real estate. Raoul Thackersey of the Thackersey Group said, "We always believed in forward-thinking investments that shape industries and communities. The SM REIT framework has the potential to democratise access to Grade-A commercial real estate for investors across the country, he added. hBits platform enables individuals to own s

India can do 'frontier work' in AI, but investment a barrier: Nadella

India must get into frontier work in artificial intelligence and build foundational models, but investment is a real entry barrier and just one mathematical breakthrough can change entire dynamics, Microsoft Chairman and CEO Satya Nadella said here on Wednesday. During his second day of Microsoft India AI Tour, Nadella said that India can do great work in the area of Indic languages and transforming its industries using artificial intelligence. "There's no reason why India can't do frontier work, but you can even define frontier pretty unique. So for example, I don't think the last known big breakthrough in AI frontier has happened. I always say we are one mathematical breakthrough away from that entire edifice being thrown out and being going after something else," Nadella said. He said academics in India, the research institutions, including Microsoft Research, are very fantastic math team and algorithms team. "Let's not be bound, quite frankly, with what is considered frontier.

Microsoft to invest $3 bn in AI and cloud expansion in India: Nadella

The tech giant will also support the country's long-term competitiveness by training 10 million people over the next five years with AI skills

Getty Images to buy Shutterstock to create $3.7 bn visual content company

Getty Images is buying Shutterstock to create a $3.7 billion visual content company. The merger comes at a time when companies that use still images are facing increased competition from images generated by artificial intelligence. The companies said Tuesday that they have complementary portfolios and that a merger will provide customers with a broader array still imagery, video, music, 3D and other media. With the rapid rise in demand for compelling visual content across industries, there has never been a better time for our two businesses to come together," Getty Images CEO Craig Peters said in a prepared statement. Peters will serve as CEO of the combined business. We are excited by the opportunities we see to expand our creative content library and enhance our product offering to meet diverse customer needs, Shutterstock CEO Paul Hennessy said. Getty Images shareholders will own about 54.7% of the combined company at closing and Shutterstock stockholders will own approximatel

International cooperation flatlined, some hope in climate finance: WEF

Amid heightened geopolitical tensions and instability, international cooperation has 'flatlined', but positive momentum in climate finance, trade and innovation offers some hope, a Global Cooperation Barometer showed on Tuesday. Releasing the annual barometer ahead of its Annual Meeting in the Swiss ski resort town Davos, the World Economic Forum said the world leaders need to embrace 'disordered' cooperation and dynamic solutions-driven decision-making to deliver tangible results and build trust. It also said that artificial intelligence and other emerging technologies are reshaping the global landscape and driving upheaval, making concerted cooperation critical to harness benefits and minimise risks. The WEF's Global Cooperation Barometer offers a critical assessment of the state of global cooperation, showing a world grappling with heightened competition and conflict while also identifying various areas where leaders can drive progress through innovative collaboration. Released

Microsoft to invest $3 bn in AI, cloud expansion in India: Satya Nadella

IT major Microsoft will invest USD 3 billion in India for the expansion of cloud and AI infrastructure in the country, the company's chairman and CEO Satya Nadella said on Tuesday. There is a fantastic momentum in India where people are pushing for a multi-agent kind of deployment. "I am really really excited to announce the single largest expansion we have ever done in India by putting USD 3 billion additional dollars to expand our Azure capacity," Nadella said. He said that the company is doing a lot of regional expansions in India. Nadella said that Microsoft's mission to empower every person and organisation in India drives the company. "To that end it is about being able to ensure that the human capital of this country is able to continue to scale, take advantage of immense opportunity and potential the technology has. That's why we are very excited to announce today our commitment, which we have always had, to train 10 million people around AI skills by 2030," Nadella said.

CES 2025: AMD brings new chips for AI PCs, gaming PCs and handheld consoles

Acer has already introduced new laptops, integrating AMD's Ryzen AI 300 series processors into its Nitro V and Swift Go series

Alphabet to bring Gemini AI to TV sets running on Google operating system

Gemini upgrade, due to roll out later this year, will allow users to hold back-and-forth conversations with third-party TVs without the need to use the "Hey Google" trigger phrase for each command

Accel's $650 mn India fund to focus on AI, fintech startups, manufacturing

One of the opportunities identified by Accel under the consumer theme is 'Bharat', where startups cater to the top 30 per cent of households in India's Tier-2+ regions

Foxconn beats estimates with record Q4 revenue driven by AI demand

Robust AI server demand led to strong revenue growth for its cloud and networking products division, said Foxconn, whose customers include AI chip firm Nvidia

Looking back to look ahead to 2025: Economy, climate, and politics

The public space is now privatised. It is not that democracy is dead, but that it has been fundamentally modified

Artificial intelligence euphoria likely to fizzle out over lack of data

Tech giants are running out of data used to train AI systems. To overcome the problem, some companies are exploring new methods powered by 'synthetic data', write Cade Metz & Tripp Mickle

Economic growth, rise of AI, advanced infra drive dynamic UAE labour market

The UAE is among the most attractive markets for skilled professionals and talent from around the globe, thanks to its competitive advantages, including advanced infrastructure

Delhi polls: Parties go tech-savvy, use AI for creative ads, sharp jibes

With Assembly elections in Delhi due in February, political parties are using Artificial Intelligence to churn out creative ads and visuals -- projecting their leaders as heroes and targeting rivals with sharp jibes. From calling its supremo Arvind Kejriwal the "GOAT" (Greatest of All Time) to portraying him as "Delhi ka Beta" (Son of Delhi), the ruling Aam Aadmi Party (AAP) is creatively leveraging Artificial Intelligence (AI) in its campaigns. On the other hand, the BJP is labelling Kejriwal as the "Original Mahathag" (master conman) in AI-generated videos and posters. In one instance, a scene from Amitabh Bachchan's movie "Baghban", which depicts parents enduring neglect from their children despite their sacrifices, was modified with AI to feature Kejriwal, emphasising that "Delhi ka Beta" will never abandon the people. Delhi BJP's X handle also has multiple ad clips, including videos featuring Kejriwal and Chief Minister Atishi. In one such video, Atishi is shown praising Kejr

Powering AI dreams: Microsoft bets $80 billion on data centre revolution

To strengthen its AI infrastructure and expand its data centre footprint, Microsoft has already committed significant financial resources