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Executives plan to invest more in GenAI for sustainability: IBM study

Nearly two-thirds of top executives surveyed believe that generative Artificial Intelligence (AI) will be important in their sustainability efforts while 76 per cent of executives plan to increase their investment in this emerging technology for sustainability, a study by IBM Institute for Business Value (IBV) said. Generative AI can be a game changer for data-driven sustainability, enabling organisations to turn trade-offs into win-wins, identify improvement opportunities, and drive innovation at speed and scale, the study said. While 63 per cent of executives surveyed agree that generative AI will be important for their sustainability efforts, 76 per cent say they plan to increase their investment in generative AI for sustainability. "With AI reshaping industries, integrating sustainability into core business practices add to the long-term value creation. The commitment of businesses to invest in Gen AI for sustainability signals a promising move towards a greener, more prosperous

Use of Adobe GenAI tools in marketing boosted productivity, says IBM

IBM said it was using Adobe's tools, which can generate images from text-based prompts, to help with marketing campaigns

LTIMindtree, IBM, IIT Madras team up for quantum computing research

LTIMindtree, a global technology consulting and digital solutions company, on Wednesday said it has joined the IBM Quantum Network to explore innovations in quantum computing. LTIMindtree will collaborate with the Indian Institute of Technology (IIT) Madras, which is also an IBM Quantum Innovation Centre, to advance the quantum innovation ecosystem, the company said. "This move is a strategic step toward LTIMindtree helping their customers benefit from the transformative value of quantum computing technologies," the company said. LTIMindtree will have access to IBM resources, including IBM's global fleet of quantum computing systems over the cloud, software, and associated expertise. Aan Chauhan, Chief Technology Officer, LTIMindtree, said the collaboration with IBM and IIT Madras is an important step towards a future where quantum computing could help solve more complex problems faster and more efficiently. "It positions us to expedite our customers' journey towards realizing the

Nearly 59% of large firms have deployed AI in business: IBM report

Nearly 59 per cent of large organisations (those with over 1,000 employees) surveyed in India are using Artificial Intelligence (AI) actively in their businesses, according to a new research commissioned by IBM. The 'IBM Global AI Adoption Index 2023' found early adopters are leading the way, with 74 per cent of those Indian enterprises already working with AI, having accelerated such investments in the past 24 months in areas like R&D and workforce reskilling. Ongoing challenges for AI adoption include hiring employees with the right skill sets and ethical concerns, inhibiting businesses from adopting AI technologies into their operations. For 2024, addressing these inhibitors would be a priority like providing people with the relevant skills to work with AI and having a robust AI governance framework, according to the report. "The increase in AI adoption and investments by Indian enterprises is a good indicator that they are already experiencing the benefits of AI. However, ...

CBI charge sheets former Air India CMD in software purchase irregularities

The CBI has filed a charge sheet against the then CMD of Air India, German firm SAP AG and IBM in connection with alleged irregularities in procurement of software worth Rs 225 crore by the national carrier in 2011, officials said on Sunday. The CBI has registered the case on the recommendation of the Central Vigilance Commission (CVC) which found prima facie procedural irregularities in the procurement of the software, according to people in the investigation agency in know of the development. After nearly six years of probe, the CBI has filed a charge sheet against former CMD Air India Arvind Jadhav, IBM India Private Limited, SPA India Private Limited and six others under the IPC section 120-B (criminal conspiracy) and provisions of the Prevention of Corruption Act, they said. The CVC, in the note to the CBI, said that initial probe by Air India's chief vigilance officer shows that the national carrier had selected the Enterprise Resource Planning (ERP) software system from SAP A

Move near an office or leave company: IBM's ultimatum to its managers

Many companies have increased return-to-office requirements over the last year, replacing employee-friendly incentives like happy hours and commuter subsidies

Mineral output rises 13.1% in Oct, 9.4% growth in Apr-Oct period: Govt

India's mineral production went up 13.1 per cent in October 2023, over the same month a year ago, the government said on Monday. The index of mineral production of the mining and quarrying sector for October was 127.4, 13.1 per cent higher than October 2022, as per the provisional figures of Indian Bureau of Mines (IBM). The cumulative growth for the April-October period of the current fiscal over that of the year-ago period is 9.4 per cent. The minerals that showed positive growth in October included iron ore, manganese ore, gold, and coal. Important minerals showing negative growth included lignite, copper conc, and bauxite.

IBM to buy two software AG data platforms for $2.3 bn to strengthen AI

International Business Machines Corp. has agreed to buy data-integration platforms StreamSets and WebMethods from Software AG for €2.13 billion ($2.3 billion) in cash in an effort to strengthen its AI

Indian envoy to US discusses technology partnership with IBM CEO Krishna

Indian Ambassador to the US Taranjit Singh Sandhu discussed India-US technology partnership during his meeting with International Business Machines Corporation (IBM) CEO Arvind Krishna on Thursday (US local time).During the meeting at India House, they also discussed new and emerging technologies such as Artificial Intelligence and Quantum."Delighted to meet @ArvindKrishna, CEO @IBM at India House, and exchange ideas on India-US tech partnership, new and emerging technologies incl AI and Quantum, and IBM's education & skilling initiatives in India," Sandhu posted on 'X'.IBM is an American multinational technology corporation headquartered in Armonk, New York. It is present in over 175 countries.Meanwhile, the Indian envoy recently expressed his delight in attending the launch of the first made-in-India bicycles in a Walmart store in America.Taking to X, Sandhu said, "Make in India, Make for the World! Delighted to witness the launch of Walmart in the US first made-in-India ...

Meta Platforms, IBM create industrywide AI alliance to share technology

"We believe it's better when AI is developed openly - more people can access the benefits, build innovative products and work on safety," said Nick Clegg, Meta's president of global affairs

Apple, Disney, IBM announce halting ads on X after Elon Musk's comments

Disney said it was halting spending on X. Similarly, Lionsgate, entertainment and film distribution company, and Paramount Global, media giant that owns CBS announced they are pausing spending on X

IBM, EU pull ads from Musk's X as concerns about antisemitism fuel backlash

Advertisers are fleeing social media platform X over concerns about their ads showing up next to pro-Nazi content and hate speech on the site in general, with billionaire owner Elon Musk inflaming tensions with his own tweets endorsing an antisemitic conspiracy theory. IBM said this week that it stopped advertising on X after a report said its ads were appearing alongside material praising Nazis a fresh setback as the platform formerly known as Twitter tries to win back big brands and their ad dollars, X's main source of revenue. The liberal advocacy group Media Matters said in a report on Thursday that ads from Apple, Oracle, NBCUniversal's Bravo network and Comcast also were placed next to antisemitic material on X. IBM has zero tolerance for hate speech and discrimination and we have immediately suspended all advertising on X while we investigate this entirely unacceptable situation," the company said in a terse statement. Apple, Oracle, NBCUniversal and Comcast didn't respond

The dynastic war that saved IBM

Watson Sr, "the old man," was a type familiar to our times: The tech titan who runs a large company as an extension of himself

IBM, MeitY join hands to boost AI, quantum and semiconductors in India

The platform is designed to deploy AI models for language, code, and geospatial science and will also adapt to training and building AI models in other domains as needed

Indian Bank collaborates with IBM to deploy new front-end banking apps

Public sector Indian Bank has collaborated with Nasdaq-listed IBM to deploy future ready infrastructure to enhance scalability and agility. The city-headquartered bank wanted to consolidate its front branch servers for better manageability and availability at Data Centres and Disaster Recovery centres under their 'Project Paradise' initiative. Project Paradise initiative of Indian Bank refers to -- Performance Augmentation by Resource Aggregation in Distributed Environment. IBM has collaborated with Indian Bank, to accelerate its modernisation path with flexible and secure infrastructure for deploying new front-end banking applications, while addressing the business growth of the Core Banking Solution workloads of the bank, a bank statement here said. Commenting on the partnership with IBM, Indian Bank chief general manager IT and Partnership, Deepak Sarda said, "We are thrilled to work with IBM to transform our core banking environment. With the proposed private cloud solution, we

Northeast Frontier Railway bags S Asia Award for 'Micro Project of Year'

The Northeast Frontier Railway on Saturday bagged the PMI South Asia Award for its 'Micro Project of the Year' that is, 'Intrusion Detection System' for saving elephant lives. The Intrusion Detection System (IDS) helps to detect elephants approaching the railway tracks and an alert is sent to the local pilot, station master, also station manager so the accident can be prevented.This marks the first-ever victory for a zonal railway under the Ministry of Railways since the inception of the award in 2009. This year, the NF Railway defeated BEL (Bharat Electronics) to bag this award.Last year, the micro category award was bagged by International Business Machines Corporation (IBM). Organisations like Bosch, IBM, L & T, Tata, SBI, Reliance, IOCL, BPCL, EIL, etc, participate in this prestigious annual award every year.Sabyasachi De, CPRO of NF Railway said, "For the 2023 awards, PMI South Asia took entry from organisations for projects completed by 31st March 2023. It has four gruelling

Countries should have sovereign capability on AI, says IBM Chairman

The Indian government should take lead and set up a "compute infrastructure" for the development of artificial intelligence in the manner it did for super computing and communications, IBM Chairman and CEO Arvind Krishna said on Monday. Krishna said every country should build sovereign capability in artificial intelligence and the government should provide a base for technologies that are nascent and have high risk appetite. "I am a firm believer that every country ought to have some sovereign capability on artificial intelligence because you want to use it for purposes which the rest of the world may not want to invest in. That means you need capability on compute and storage and data sets and I think it is for the nation to provide," Krishna told reporters. He said that only two large economies of the world have compute infrastructure for AI and some countries have started plans for setting it up. "India is largely a services economy in tech. But they have to do the investment. I

AI can free up people for more productive jobs: Global tech leaders

Global technology leaders on Friday said Artificial Intelligence (AI) can enhance productivity while they urged for the development of AI in a responsible manner. Speaking at B20 Summit India 2023 organised by CII, IBM Chairman and Chief Executive Officer Arvind Krishna said AI can free up people for more productive work and reduce cost for businesses. He said coding can be improved by about 60 per cent by using AI assistance. "Inside IBM, we think about 20 per cent of the total activity, which we call lower order cognitive work, about 30 per cent of that can be easily made productive through AI. That frees up more people to do more value adding work. It's not that there aren't jobs. If you have productivity then you can access way more clients. You can provide things at a lower cost point," Krishna said. He said things like human resources, the higher level cognitive task like advising people on what kind of team is required, developing people etc are very much human-centric work

Excited about AI's power to drive incremental productivity: IBM CEO

IBM CEO Arvind Krishna on Friday said he is "excited" about AI's power to drive productivity which can help companies and economies grow faster. Speaking at B20 Summit India 2023, Krishna said that building on digital infrastructure, Artificial Intelligence (AI) can take on certain low level cognitive tasks and be able to do them. "When you can do that, you make everyone more productive, in effect you have more workers...you are generating more capita GDP in each nation...as we go back to very beginning of B20 about inclusion, that is the way to make GDP grow faster across all countries," he said. The Indian American CEO of the global tech giant IBM went on to add: "Our goal should all be how do we make secure and accountable AI that can benefit productivity of enterprises and governments." He also sought to separate invention of technology from deployment of technology. Growth, he said, will happen everywhere, not just in global south. "Deployment of technology will happen from

'IBM has prepared a 10-year roadmap to tap into the opportunities in AI'

'India plays a critical role in executing our hybrid Cloud and AI strategy,' says SANDIP PATEL, Managing Director, IBM India & South Asia