Page 98 - Artificial Intelligence

Nvidia's market value gets $2 trillion boost in 2024 on AI rally

The chipmaker's market value increased by over $2 trillion last year, reaching $3.28 trillion at the close of 2024

Putin asks Russian govt, top bank to develop AI cooperation with China

Putin's instructions were published on the Kremlin's website on Wednesday, three weeks after he announced that Russia would team up with Brics partners and other countries to develop AI

Maharashtra govt to draft its AI policy soon, says minister Shelar

Maharashtra will soon draft its independent Artificial Intelligence (AI) policy to position the state as a major player in the sector and a leader in technological advancements, a minister has said. State Information and Technology Minister Ashish Shelar gave the direction to authorities during a meeting with IT Department officials at the Sahyadri Guest House on Tuesday. The meeting was attended by IT Department Secretary Parrag Jaiin Nainutia, MahaIT Managing Director Jayshree Bhoj, and senior officials from the departments concerned. During the meeting, Shelar stressed the importance of leveraging AI to boost industries, attract businesses, create employment opportunities, and establish Maharashtra as a major player in the AI sector, an official statement said. He said the AI era has begun and that the state must seize this opportunity. "By adopting AI, we can drive economic growth, generate jobs for the youth, and strengthen our position in the global AI landscape," he said.

AI, Elon Musk and Donald Trump add up to a turbulent 2025 for technology

The biggest jolt to the social media landscape could come from a US ban on TikTok

Emerging tech to drive India's job market with 20% growth in 2025: Report

Indian IT ecosystem is poised for a promising growth trajectory in the coming years with emerging technologies expected to witness a 20 per cent increase in new jobs in 2025, Human Resources (HR) platform FirstMeridian Business Services said on Tuesday. Looking back at 2024, it said the Indian IT and tech ecosystem witnessed a 17 per cent surge in new employment opportunities, driven by rapid digital transformation and the concurrent rising demand for emerging tech niche job profiles. "After a muted H1, the sector regained momentum, as we gear up for 2025, these trends will continue, while also eyeing an average 20 per cent rise in profiles like application developers, software engineers, DevOps engineers, AI, ML, and Cyber Security," FirstMeridian Business Services CEO, IT Staffing, Sunil Nehra said. Moreover, Artificial Intelligence (AI), which was a major trend in 2024, is expected to further accelerate in 2025, Nehra added. The sector is set for remarkable expansion, with high

Year in review: Energy woes to AI boom, top global economic trends of 2024

From continuing energy market volatility driven by geopolitical tensions to the AI boom transforming industries, economic trends have been anything but predictable

From memes to AI: How digital tools reshaped India's 2024 general elections

The general election in 2024 saw artificial intelligence tech and social media transform campaigns, with tech-driven messaging, thereby sparking debates on misinformation and electoral integrity

CRISIL analysis: IT services sector eyes 7-9% growth on BFSI, AI funding

A CRISIL Ratings study of the top 25 firms, accounting for 55 per cent of the Rs 14 trillion IT sector's revenue in fiscal 2024

In 2024, artificial intelligence was all about finding its use cases in biz

If 2023 was a year of wonder about artificial intelligence, 2024 was the year to try to get that wonder to do something useful without breaking the bank. There was a shift from putting out models to actually building products, said Arvind Narayanan, a Princeton University computer science professor and co-author of the new book AI Snake Oil: What Artificial Intelligence Can Do, What It Can't, and How to Tell The Difference. The first 100 million or so people who experimented with ChatGPT upon its release two years ago actively sought out the chatbot, finding it amazingly helpful at some tasks or laughably mediocre at others. Now such generative AI technology is baked into an increasing number of technology services whether we're looking for it or not for instance, through the AI-generated answers in Google search results or new AI techniques in photo editing tools. The main thing that was wrong with generative AI last year is that companies were releasing these really powerful mod

Nvidia supplier Ibiden weighs faster expansion to meet AI demand, says CEO

Sales of the 112-year-old company's AI-use substrates are robust with customers buying up all that Ibiden has, CEO Koji Kawashima said

AI moves beyond hype to reality at scale, set to deliver biz value by 2025

Artificial intelligence (AI) transitioned from a temporary trend to a widespread reality, gaining traction across industries due to its potential to enhance efficiency, generate revenue and create entirely new roles, yet concerns around its use and impact on jobs remained. Gone are the days when it was merely a buzzword; AI has now become an integral part of business strategy across various sectors. But its full impact on jobs is little known and so is the issue of intellectual property, data ownership and its privacy implications, and liability - who is liable if an accident or mishap occurs due to the use of AI. As technology becomes increasingly human-like and pervasive, organisations are now striving to unlock business value through innovative methods to engage customers and employees, enhance operational efficiencies, and generate new revenue streams, Wipro CIO Anup Purohit said. "We are working towards a future where AI is integrated seamlessly into everyday operations beyond

OpenAI board considers plan for a more conventional for-profit business

The board is evaluating a plan that would turn OpenAI's business into a public benefit corporation - an entity free to pursue income but with the goal of bettering society

RBI sets up 8-member panel to develop framework for ethical use of AI

The Reserve Bank on Thursday announced the setting up of an eight-member committee to develop a framework for responsible and ethical enablement of artificial intelligence (FREE-AI) in the financial sector. Headed by IIT Bombay professor Pushpak Bhattacharyya (Department of Computer Science and Engineering), the panel will assess the current level of adoption of AI in financial services, globally as well as in India. It will also review regulatory and supervisory approaches on AI with focus on the financial sector globally. The panel will also identify potential risks associated with AI, if any, and recommend an evaluation, mitigation and monitoring framework and consequent compliance requirements for financial institutions, including banks, NBFCs, FinTechs, PSOs, etc. The committee will recommend a framework including governance aspects for responsible, ethical adoption of AI models / applications in the Indian financial sector, the RBI said. The other members of the panel are: .

When innovation meets purpose: AI in US-India collaborative vision

The two countries must ensure that the critical technology remains a trusted, positive force for human progress and global prosperity

Deep-tech focus critical for India to lead global digital innovation

The development of the IT services opportunity saw India emerge as the manpower capital of the world to service the Y2K problem at the dawn of the new century

Perfect human-machine interaction likely in 12-18 months: CoRover CEO

CoRover develops human-centric conversational platforms driven by generative AI (Gen AI) technology, including chatbots, avatars, and voice bots, and has already gained over a billion users

Indian businesses turn to data analytics, ML to fight fraudulent practices

A recent report from PwC found that Indian businesses report a much higher incident of financial crimes than their global peers

Govt launches AI tools, e-com safety measures to boost consumer protection

Food and Consumer Affairs Minister Pralhad Joshi on Tuesday launched several initiatives to strengthen consumer protection, including artificial intelligence-enabled helpline and tools to detect deceptive marketing practices, while major e-commerce players pledged to enhance online shopping safety. Leading platforms, including Reliance Retail, Tata Sons and Zomato adopted a safety pledge as the government rolled out new consumer protection measures like the AI-enabled National Consumer Helpline, e-maap portal and Jago Grahak Jago mobile application. "Significant progress has been made in expediting resolutions of consumer disputes," Joshi said at the National Consumer Day event. The minister, who attended the event online, highlighted that out of 3,628 cases filed with the National Commission between January and November this year, 6,587 cases have been disposed of through the country's three-tier consumer court system at district, state and national levels. The government's e-Daak

Microsoft works to add non-OpenAI models into 365 Copilot products

It is the latest effort by Microsoft, which is a major backer of OpenAI, to lessen its dependence on the AI startup - a departure from recent years when Microsoft touted its early access

Year in review: 5 consumer technology innovations that turned heads in 2024

From the widespread adoption of generative AI in consumer devices to expansion of digital ecosystems, the year 2024 defined the consumer technology space with following innovations