Page 99 - Artificial Intelligence

Year in review: 5 important regulatory changes by Indian govt in 2024

Addressing diverse areas ranging from patent processes to frameworks for AI regulation, the Centre introduced several significant regulatory changes in 2024

AI, capitalism, and ethics: The urgent need for responsible governance

Without human feelings and consciousness, AI, like any technology, is an ethics-free enterprise

Advancing tax administration: Role of technology in India's tax ecosystem

Transforming tax administration in India: Technology-driven reforms redefine compliance, efficiency, and strategic decision-making

Bot detection no longer working, just wait until AI agents come along

The imminent arrival of AI agents will add another layer of complexity. It will mean we increasingly want bots to visit sites and do things on our behalf

OpenAI unveils 'o3' reasoning AI models, plans roll out from January 2025

The o3 and o3 mini models, which are in internal safety testing currently, will be more powerful than its previously launched o1 models, said OpenAI

Trump appoints Indian American Krishnan as senior policy advisor on AI

US President-elect Donald Trump on Sunday named Indian American entrepreneur, venture capitalist and author Sriram Krishnan as Senior White House Policy Advisor on Artificial Intelligence. Sriram Krishnan will serve as the Senior Policy Advisor for Artificial Intelligence at the White House Office of Science and Technology Policy, Trump said on Sunday as he announced a number of appointments on artificial intelligence or AI. Krishnan, who has previously led product teams at Microsoft, Twitter, Yahoo!, Facebook and Snap, will work along with David O. Sacks who will be the White House AI & Crypto Czar. Working closely with David Sacks, Sriram will focus on ensuring continued American leadership in AI and help shape and coordinate AI policy across government, including working with the President's Council of Advisors on Science and Technology. Sriram started his career at Microsoft as a founding member of Windows Azure, Trump said. Krishnan said, I'm honored to be able to serve our ..

Semiconductor startup Mindgrove Technologies raises $8 mn Series A

Mindgrove's system-on-chips (SoCS) are built to be power-efficient and cost-effective for use in Internet of Things (IoT), vision and automobiles

Cloud, AI will become synonymous in 2025: Wipro FullStride Cloud's Debecker

Debecker spoke about Cloud services and artificial intelligence and how Wipro is preparing to be an AI-powered firm

Agentic AI: Technology that will work for the world on its own agency

Agentic AI can process a payment claim on its own or generate images for a social media post without human prompt. It has the agency to learn from its environment

Govt to set up data & AI labs; onboards 8 projects for safe AI: Prasada

The government plans to set up data and AI labs in tier 2 and tier 3 cities across the country and has invited proposals from all 36 states as well as Union Territories for the same, Parliament was informed on Friday. Minister of state for electronics and IT Jitin Prasada in a written reply to Rajya Sabha said that besides proposals expected from states and UTs, IndiaAI in collaboration with NIELIT also plans to establish 27 data labs in Tier 2 and Tier 3 cities across the country. "All the 36 states and Union Territories (UTs) have been requested to submit their nominated list of Industrial Training Institutes (ITIs)/Polytechnics located in Tier 2 and Tier 3 cities for the setting up of data labs. Additionally, IndiaAI in collaboration with NIELIT plans to establish 27 data labs in Tier 2 and Tier 3 cities across the country," Prasada said. The data and AI labs are part of the skilling initiative of the government under IndiaAI mission. The minister said that a model IndiaAI Data

AI firm Databricks raising $10 bn Series J Investment at $62 bn valuation

Funding led by new investor Thrive Capital. Company expects to cross $3 bn in revenue run rate and achieve positive free cash flow in fourth quarter

Kaapi Machines: Using digital tech to deliver a perfect cup of coffee

The firm's IoT-enabled machines are installed in offices and public places, including at Microsoft, Facebook, Rashtrapati Bhawan, and the iconic Deccan Queen train

GenAI as a service generates $5-10 mn revenue per project globally: study

Indian technology services providers had even lower revenue generation from GenAI at $1.5-2.2 mn

Use technology to drive progress, guard against misuse: Jeet Adani

India cannot stay out of global technological race and should build capabilities that will keep it at the top while remaining vigilant against its misuse, said Jeet Adani, Director, Adani Airport Holdings Ltd. Speaking at IIT Bombay's Techfest 2024, Adani, the 27-year old younger son of infrastructure magnate Gautam Adani, said the future of technology is both scary and exciting. "But be it scary or exciting, we cannot afford to ignore technology or even go slow in our use of technology -- either as a nation or as its citizens. India cannot stay out of this global race," he said. "Our generation needs to build capabilities to lead India into this new technological era if we want to stay at the top of our game and realise our dream of Viksit Bharat -- to become a USD 26-trillion economy by 2047," he said. While technology has helped mankind progress, it is also being applied to wrong causes -- fake news, fake photos, fake videos, fake money, online scams, spoofing, phishing, and ...

Data breach, regulatory uncertainty hurdles in AI implementation: Deloitte

Despite uncertainty around regulations, the survey added that 60 per cent of the global workforce in organisations possess the skills required to use AI solutions in an ethical and legal manner

Developing LLM to cut approval times further: Sebi member Narayan

Capital markets regulator Sebi is training a large language model (LLM) to further cut processing times on approval requirements, whole time member Ananth Narayan G said on Tuesday. "We are actually starting to train an in-house LLM in Sebi to process, so that the processing times for fresh funds and fresh schemes can come down dramatically," Narayan said, addressing a CII event here. LLMs are advanced AI systems designed to understand and generate human language. They use deep learning techniques and are trained on massive amounts of text data, allowing them to perform tasks like writing, summarizing, and translating text. While efforts to deploy AI and machine learning are on in all sectors, this may be the first time that a financial regulator in the country would have disclosed specific efforts like developing an LLM. Narayan said Sebi has already reduced the time taken for processing applications for clearance on mutual fund schemes and initial public offerings to less than .

Google, Tamil Nadu govt hold forum to discuss AI innovation in state

Company and state government in August signed agreement for technology advancement

Meity invites proposals for developing trusted AI ecosystem, tools

The IT ministry has invited proposals from entities for the development of technology tools to create a trusted AI ecosystem, including the detection of deepfakes, as per information published on Meity's website. As part of IndiaAI mission, the Safe and Trusted AI pillar envisages the development of indigenous tools and frameworks and self-assessment checklists for innovators, among others, to put in place adequate guardrails to advance the responsible adoption of AI. "To spearhead this movement, IndiaAI is calling for Expressions of Interest (EOI) from individuals and organisations that want to lead AI development projects to foster accountability, mitigate AI harms and promote fairness in AI practices," the note for proposal said. Miety has invited proposals for watermarking and labelling tools to authenticate AI-generated content, ensuring it is traceable, secure, and free of harmful materials. The proposal calls for the need to establish AI frameworks that align with global ...

SoftBank CEO announces $100 bn US investment in meeting with Trump

Son will also promise in a joint announcement with Trump to create 100,000 jobs focused on artificial intelligence (AI) and related infrastructure

Exotel accelerates AI-led innovations to redefine customer experience

Exotel's expansion into high-growth markets like Saudi Arabia, UAE, and the USA is driving new revenue streams and the company said it is poised for strong growth in FY25