AI EXECUTIVES
New-age CEOs: India Inc's bosses adapt their qualifications to keep up with dynamic business landscape
The role of CEOs is evolving, with a shift towards more strategic thinking over traditional sales and marketing backgrounds. A recent survey highlights the importance of diverse skills in navigating complex business environments. The adoption of technologies like AI is also driving the need for strategic leadership in today's corporate world.
Chinese AI firms showcase resilience, innovations at AI event despite US sanctions
The World AI Conference in Shanghai featured AI products from Tesla, Qualcomm, and Chinese firms. SenseTime debuted SenseNova 5.5 after ChatGPT. Optimism remains despite U.S. sanctions, as Huawei's Cloud Computing advocates innovation. Baidu CEO Robin Li calls for focusing on AI applications over foundational models.
India to be deep tech powerhouse and big part of Siemens' game plan
Siemens AG plans to increase software and digital services sales to 20%, with India being a key player in this strategy, according to CEO Roland Busch. The company has invested in expanding its software portfolio and collaborating with Microsoft on AI technology. India is a vital region for Siemens, where it aims to grow its human resources capital and manufacturing capabilities, targeting both local and global markets.
OpenAI's internal AI details stolen in 2023 breach
In April, a hacker accessed OpenAI's messaging, stealing AI design details. ChatGPT stayed secure. Microsoft-backed OpenAI informed employees, not federal law enforcement. No customer data compromised. Reported by Dey, Timsina, Aich. OpenAI disrupted covert influence operations. Biden administration plans to safeguard AI. In May, 16 companies pledged to develop AI safely, addressing emerging risks.
Afraid: Everything we know about release date, trailer, plot, cast and production
"Afraid" stars John Cho and Katherine Waterston as a family selected to test an AI assistant. The assistant starts as a helpful device but turns deadly. The film releases on August 30.
Investors pour $27.1 billion into AI startups, defying a downturn
Investors poured $27.1 billion into AI startups in the United States from April to June, accounting for nearly half of all U.S. startup funding in that period, according to PitchBook, which tracks startups. In total, U.S. startups raised $56 billion, up 57% from a year earlier and the highest three-month haul in two years.
AI added speed to dynamic entrepreneurial ecosystem in India: OpenAI senior executive
Srinivas Narayanan highlighted India's AI progress, supporting farmers and education with generative AI investments.
Ukraine brings AI weapons to front lines
Ukrainian tech firms are pioneering autonomous drone technology, leading to the development of deadly tools that can interpret real-time video footage. The region's innovation race is fueled by advancements in deep learning and artificial intelligence, turning drones into lethal weapons capable of autonomous attacks.
As AI gains a workplace foothold, US trying to make sure workers don't get left behind
Bridging the digital equity gap through AI education is crucial. Marvin Venay stresses the importance of inclusive initiatives for overcoming barriers. Accessible internet and affordable technology are essential components for empowering individuals with AI knowledge and skills.
Financial industry grappling with AI's gifts and perils, executives say
Zack Kass, a former head of business partnerships at OpenAI said AI systems could be better than humans at explaining to clients why they arrived at recommendations like portfolio allocations or lending decisions. He added that people are not good at explaining subconscious biases that could affect such decisions.
SoftBank Group launches AI healthcare joint venture with Tempus AI
Anton Bridge reported SoftBank Group's collaboration with Tempus AI for medical data analysis, edited by Christopher Cushing and Miral Fahmy.
AI's hunger for power can be tamed
Tech firms investing in AI must prioritize energy-efficient algorithms to combat environmental impact and rising power consumption, shifting away from current energy-intensive models towards more sustainable practices.
AI will eliminate certain roles, but will create more jobs than it eliminates: Deloitte AI exec
In an interview with PTI, Tandon, Managing Director, AI and Insights Practice Leader, Deloitte LLP, said AI will not snatch jobs, but will simply do away with some of the easier jobs, and create new roles.
Indian CEOs hold AI governance crucial for AI adoption, innovation: IBM study
The global study of 3,000 CEOs across 30 countries and 26 industries highlighted the significance of AI governance for Indian business leaders. The study shows, 7 out of 10 Indian CEOs surveyed said tat trusted AI is only possible when you have effective AI governance in organisations. The study revealed that 49% of Indian CEO said they are hiring for Gen AI roles that did not exist till last year.
SAS India business to grow faster than other markets, top executive says
The company aims to upgrade its 400-odd customers to its generative AI platform SAS Viya over the next one year, Riad Gydien, executive VP and chief sales officer at SAS, told ET.
The rise of AI in recruitment process: How companies are using artificial intelligence for hiring
Companies use AI tools like GenAI bots for candidate sourcing, resume screening, and skills assessment. HR executives say AI makes hiring quicker and more efficient. Genpact launched IMatch, an AI-based job-matching engine, resulting in improved productivity and faster hiring.
Over 86% senior execs using AI for driving revenue growth: TCS study
86% of senior business leaders, per TCS study, use AI for revenue growth. 45% expect half their workforce to use Generative AI in 3 years. Harrick Vin notes AI solutions deployment challenges. 57% executives are excited about AI impact. Enterprises are moving towards wide-and-deep AI adoption.
Google AR Glasses set for a comeback, to be supercharged with AI
Google Glass, the augmented-reality headset that failed to gain traction with consumers a decade ago, is set for a comeback, powered by artificial intelligence. Alphabet Inc.'s Google has faced challenges for years in perfecting AR spectacles. After discontinuing the initial headset in 2015, the company shifted to selling enterprise versions for businesses, which were also phased out last year.
Indian companies likely to use existing AI models to leverage their data: Intel executive
Santhosh Viswanathan, vice president and managing director for the India region at chipmaker Intel, said the Indian market was at an “inflection point” with digitisation being a fundamental change and accelerant for the economy.
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