AI INITIATIVES
My first trip to Norway, with AI as a guide
The biggest drawback was the absence of phone apps for Mindtrip and Vacay, which led the author to rely on ChatGPT's basic AI assistant when they needed on-the-spot guidance. Mindtrip, they have since learned, is planning to debut an app in September. Still, there were times when the author desperately craved the human touch. Before setting out on a trip, they always contact friends and colleagues for recommendations.
Members agree to turn GPAI into apex body for AI
Under India's chairmanship, the global partnership on artificial intelligence (GPAI) has agreed on a new vision to become a central body for AI matters. The integration with OECD aims to bring all members on equal footing. The focus is on responsible AI development and global policy-making.
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.
Koo calls it a day; Paytm Bank, auditor lock horns
Once touted as India’s response to Twitter, it’s curtains for homegrown microblogging app Koo. Details on this and more in today’s ETtech Top 5.
IndiaAI Summit | Keeping India in mind: OpenAI official
OpenAI, the maker of viral chatbot ChatGPT, makes important decisions based on the India market, the company's vice president Srinivas Narayanan said at the Global IndiaAI Summit. The executive also pointed out that AI has strengthened in India's dynamic entrepreneurial ecosystem, pledging support to India's Rs 10,000 crore AI mission.
Government working to regulate AI: IT minister Ashwini Vaishnaw
During the Global IndiaAI Summit 2024, Jitin Prasada highlighted the imperative of responsible AI development and the global threat to democracies. International cooperation is crucial in managing the risks posed by AI technology.
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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.
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.
Diversity initiatives are bringing more women to certain roles: Survey
Indian companies are prioritizing diversity, equity, inclusion, and belonging (DEIB) initiatives, with varying levels of women's representation across roles highlighted in a Manpower Group survey. Administrative and operational roles show higher female presence, while top-level management and STEM roles exhibit lower representation. Key findings emphasize the importance of trust, relationship building, and technology-driven solutions like AI for unbiased recruitment.
AI: the supercharger for India’s MSMEs
Artificial intelligence (AI) is not only reshaping India’s landscape but also fostering economic growth through innovative tech solutions. According to Stanford University’s annual AI Index report, India saw the fifth highest investments last year in startups offering AI-based products and services.
Is AI enough for a job at GCC? Companies now train freshers for real-world experience
Aspirational graduates in healthcare technology fuel innovation with a focus on evolving healthcare solutions. Freshers receive in-depth exposure through apprenticeship models, fostering understanding of long-term career paths beyond immediate project work in GCCs.
Aris Infra plans to raise Rs 600-700 crore via IPO
Aris Infra, a Mumbai company using technology to streamline construction material procurement, is planning an IPO to raise Rs 600-700 crore. The company has attracted investment from prominent individuals and prestigious financial institutions including Think Investments, TPG Capital, and BlackRock.
Nuvepro to train over one lakh professionals in generative AI
Nuvepro plans to train over 100,000 professionals in generative AI, targeting data scientists, developers, AI enthusiasts, and professionals across various industries. In the past two months, Nuvepro has trained over 1,000 professionals through hands-on workshops designed to tackle real-world generative AI challenges.
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.
Automating repetitive tasks: AI for invoicing, inventory, and more
World MSME Day: The ability of AI to manage repetitive, time-consuming, and error-prone tasks revolutionizes business operations, resulting in accuracy, speed, and cost savings.
What is AIS, how to download it and how it helps taxpayers in ITR filing?
What is AIS, how to download AIS: Annual Information Statement (AIS) is a statement introduced by the income tax department in 2021. This statement is a comprehensive which help individuals and other taxpayers to get access of most of their financial transactions done in a financial year. It also helps in the knowing different sources of income.
Under Pallia’s leadership, we are in for a bright future together: Wipro chairman
Wipro chairman Rishad Premji expresses confidence in new CEO Srini Pallia's leadership, foreseeing a bright future for the IT services company under Pallia's guidance.
How GenAI is opening up new revenue streams for IT firms and GCCs
The rise of generative AI (GenAI) presents an opportunity for IT firms to unlock new revenue streams. Companies like Accenture, Infosys, and Tech Mahindra, alongside global capabilities centers (GCCs), are seeing a surge in data standardisation work. This is driven by the vast amount of "uncleaned/unstructured" data held by their clients and parent companies.
Nearly nine in 10 recruiters use AI for sourcing candidates: Survey
India Inc. is grappling with a shortage of workers skilled in AI, despite over half of recruiters being prepared for AI adoption. Lack of knowledge or training is cited as a major barrier, emphasizing the need for educational initiatives to bridge the skills gap. A survey from Talent500 indicates a strong inclination among companies to incorporate AI-driven tools into their recruitment processes.
Amazon to launch 'Remarkable Alexa' with AI for a fee – Here's how much customers will pay
Amazon plans for a new and upgraded version of Alexa. The new version will have interesting features. In September 2023, Amazon posted plans on its website to improve Alexa.
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.
Former OpenAI cofounder launches new AI company
Ilya Sutskever, cofounder of OpenAI, launched Safe Superintelligence Inc (SSI) shortly after leaving OpenAI, joined by Jan Leike who now leads at Anthropic. Sutskever emphasised SSI's singular focus on advancing AI capabilities while prioritizing safety, aiming for rapid and secure scaling.
AI set to revolutionize global banking, boosting profits by $170 billion by 2028: CITI report
The report highlighted AI's role in combating financial fraud. While countries like the European Union, China, and Singapore have emerged as early adopters of AI regulation in finance, the United States has taken a cautious approach, lagging behind in regulatory initiatives. India, on the other hand, has shown a fluctuating stance on AI governance.
Companies need to increase AI skilling initiatives and also focus on ethics: Survey
Only 25% of IT professionals are very familiar with AI, as per ISACA survey. 40% orgs lack structured AI training, highlighting knowledge gaps and need for upskilling.
Apple WWDC 2024: From AI-based Siri upgrades to custom emoji options; what to expect from iOS 18 ?
At the Apple Worldwide Developers Conference (WWDC) 2024, AI is set to take center stage. Apple plans to integrate generative AI across its operating systems, enhancing features in iOS, macOS, and more. Siri will see significant updates, becoming more conversational and capable of controlling app functions. New AI-driven features, such as voice memo transcriptions, automated message replies, and advanced photo editing, will be introduced.
New govt to build on past success in tech; more initiatives in offing, says IT Secretary
NDA set to form government for a third term, IT Secretary S Krishnan discusses tech initiatives. Meity to continue new initiatives, build on past successes.
Some AI companies face a new accusation: 'Openwashing'
Proponents of open source AI models say they're more equitable and safer for society, while detractors say they are more likely to be abused for malicious intent. One big hiccup in the debate? There's no agreed-upon definition of what open source AI actually means.
Israeli cyber startup Apex gets initial investment from OpenAI's Sam Altman
Israeli start-up Apex, securing AI tools, received funding from OpenAI CEO. $7M seed funding led by Sequoia Capital, Index Ventures. Addressing data protection, AI threats, privacy, compliance. Focus on product development, hiring, marketing.
Former Tech M India business head quits to set up AI startup
Former Tech Mahindra India head, Jagdish Mitra, launches an AI startup with Rs 65-80 crore investment, emphasizing manufacturing, retail, and sportstech sectors. Operations to begin in three months, prioritizing a values-driven proposition.
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