AI INFRASTRUCTURE
Transforming governance through AI
Artificial intelligence (AI) could streamline college admissions by collating student data, suggesting colleges, filling out common applications, and applying for scholarships. Universities would benefit from faster, more efficient seat allocation and scholarship awarding, simplifying the entire process. AI-enabled chatbots can provide very specific and contextualized responses in multiple languages to queries from citizens and even deliver a wide range of citizen-centric services.
Chinese AI market optimistic despite scrutiny from west
The generative AI sector in China has experienced significant expansion, as reported by the United Nations, which notes China has become the leading applicant for patents in AI software, creating a wide range of outputs from illustrations to computer code. However, OpenAI has accused China of using its language models to create content aimed at influencing social media sentiment.
India AI Summit | Govt to invest in AI compute infra: IT minister Ashwini Vaishnaw
India prioritizes democratizing AI technology through a public platform, AI compute infrastructure, and support for deep tech startups. New Delhi is in discussions with GPAI countries for AI regulations and aims to invest in GPUs for AI innovation.
Can cyber-attacks on the US stop its drinking water supplies?
In recent times, the US has been attacked by Iran, Russia and China based hackers who have targeted various water utility projects. This has exposed the country’s outdated infrastructure and has shown a lackadaisical approach in dealing with cyber-crimes that threaten its critical IT infrastructure.
Oracle gains as cloud infrastructure business gets AI boost
If the gains hold, the company will add about $30 billion to its market valuation of $340 billion as of Tuesday market close. The shares have so far this year gained 18%.
Oracle gains as cloud infrastructure business gets AI boost
Oracle shares surged 9% on Wednesday due to high demand for its cost-effective cloud services for AI applications, potentially adding $28 billion to its $340 billion market value. The company's cloud unit aims to grow by offering affordable cloud computing and storage, competing with Google and Microsoft.
Microsoft to invest $3.2 billion in Swedish cloud, AI
Microsoft will invest 33.7 billion Swedish crowns ($3.21 billion) to expand its cloud and artificial intelligence infrastructure in Sweden over a two-year period.
Tata Group firms engaged in over 100 Gen AI projects: N Chandrasekaran
TCS chairman N Chandrasekaran announced over 100 Gen AI projects within Tata Group, showcasing tangible business impact in customer experience, productivity, and efficiency.
Digital infrastructure company Equinix tries out hydrogenated vegetable oil for green power
The company collaborates with universities, government agencies and industry bodies to develop sustainable technologies, such as hydrogen fuel cells and software-defined power.
Ananant Systems working with major local OEMs to develop BSNL’s 5G chip
Bengaluru-based Ananant Systems is looking to address the expanding requirements for advanced connectivity, computing, and security for wireless 5G and 6G infrastructure and devices. Its offerings include intellectual property (IP), chip design, semiconductor products, software, and systems, all developed and owned in India.
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.
Amazon to invest $1.3 billion in France, create 3,000 jobs
Amazon's 1.2 billion euros investment in France to create 3,000 jobs, enhance cloud infrastructure for GenAI, support AI startups, and research centers. Plans to expand logistics network for faster, eco-friendly delivery.
Tech giants start to treat SE Asia like next big thing
Southeast Asia transforms into a tech hub, attracting major investments from global tech giants like Apple and Microsoft. The region's young population drives growth in video streaming, online shopping, and AI, positioning it as a key player in the tech industry.
Britain attracts new £1 biliion AI investment
US tech firm CoreWeave, a provider of cloud computing services for artificial intelligence, said Friday it will plough £1.0 billion ($1.3 billion) into Britain, the country's latest major AI investment. "We're leaving no stone unturned to make the UK the best place for pioneering companies like CoreWeave to grow their roots," he noted, adding that Britain had the third highest number of AI companies and private investment in the world.
India ahead of advanced countries like Germany & Australia in AI adoption and innovation: Report
India emerges as a frontrunner in AI adoption and innovation, according to a recent report by NetApp. While India, Singapore, the UK, and the US lead in AI implementation, Spain, Australia, and Germany lag behind. Surveying 1,300 executives across ten nations, the report reveals that 60% of leading countries have operational AI projects, compared to 36% in lagging countries. This divergence emphasizes AI's pivotal role in economic growth and competitiveness.
TCS chairman N Chandrasekaran says GenAI to create impact not seen or imagined
In FY24 from April 2023 to March 2024, TCS also consolidated AI and Cloud expertise with the creation of the AI.Cloud unit.
AI boom set to fuel data centre deals in Asia this year
The intense pace of deals in the world's most populous region comes as countries and companies respond to booming demand for AI, calling for more data capacity, industry executives said.
Apple working on AI chips for data centers
Apple is reportedly developing its own chip, internally dubbed Project ACDC, to power artificial intelligence software in data centers, leveraging its chip design expertise. This move aims to bolster Apple's server infrastructure, with a focus on AI inference tasks. CEO Tim Cook signals a strong commitment to AI technology.
Mytek launches new AI-based platform to help contractors deliver infra projects on time
In a bid to revolutionise project planning in the construction industry, Mytek Innovations has introduced a groundbreaking digital platform utilizing open AI tools. This innovative system streamlines project completion, reduces costs, and facilitates funding applications for contractors and subcontractors, aiming to enhance efficiency and productivity in India's construction sector.
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