AI PUSH
AI begins ushering in an age of killer robots
The latest iterations of technology enabling drones and other machines to operate autonomously owe their advancements to deep learning, an AI method utilising extensive data for pattern recognition and decision making. Although these systems aren't costly military-grade equivalents from the US, China, and Russia, their affordability, priced at just thousands of pounds or less, and widespread accessibility mark a significant development.
TCS, HCL earnings recovery may get further push from AI demand
Indian IT companies like TCS and HCL are set to report on their earnings, showing signs of recovery amidst cautious spending by US and European companies. Retail giants Fast Retailing and Ryohin Keikaku are expected to see growth in operating profits. Keep an eye on LG Energy Solution's earnings amid lower demand for electric vehicles.
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.
In India, road accidents claim 19 lives every hour. Can AI make driving safer?
Startups are using AI tools to analyse driver behaviour in an effort to make the operations of fleet operators easier.
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.
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.
- Go To Page 1
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.
AI is learning from what you said on Reddit, Stack Overflow or Facebook. Are you ok with that?
Some longtime users have attempted to erase their previous contributions or transform them into nonsense, but their efforts have not yielded significant results. A few governments, such as Brazil's privacy regulator on Tuesday, have also attempted to intervene. Meta has also encountered resistance in Europe, where it recently put on hold its plans to start feeding people's public posts into training AI systems
The AI boom has an unlikely early winner: Wonky consultants
As the tech industry explores avenues to monetise generative AI, consultants have already started capitalising on its potential profitability. Companies like McKinsey & Co, IBM, and Accenture are experiencing increasing sales and expanding their workforce. This trend is driven by a desperate need for technology experts who can serve as guides, helping businesses understand the implications of generative AI and its potential benefits.
Google Cloud’s AI push is winning clients: Thomas Kurian
Google Cloud chief sees tech infra that govt wants to put together as an opportunity to work closely with India. He says so many Indian entrepreneurs are aspiring to build the next Google... ‘we are super supportive of it’.
Flipkart-Swiggy deal talks; Corning’s India plan
Flipkart considered buying a stake in Swiggy months ago amid the rise of quick commerce. This and more in today’s ETtech Morning Dispatch.
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.
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.
Can AI answer the needs of smaller businesses? Some push to find out
Economists generally believe that the diffusion and adoption of generative AI will occur much faster, in part because information flows more quickly than it did in the past.
Apple unveils big AI push; embeds ChatGPT into iPhones, Siri
Apple announced Apple Intelligence at its annual developer conference, integrating AI features developed in-house and by OpenAI. The Cupertino-based company aims to embed the technology across iPhone, iPads, and MacBooks, leveraging Apple Silicon for personalized, contextual results.
Apple's AI push could reinvigorate iPhone sales as customers look to upgrade
The new software, which requires an iPhone 15 Pro or Pro Max to function, could drive a surge in new purchases, according to several analysts. Some even anticipate the most significant upgrade cycle this fall since the 2020 release of the iPhone 12, which attracted consumers with its 5G connectivity.
10 Best baby walkers for you toddler’s development
Baby walkers are devices that allow babies to learn to walk independently while indulging in a fun-filled playtime. Brands these days are coming up with adjustable seats that allow you to set the height based on your baby's comfort. We have curated a list of the best baby walkers, along with their salient features to help your toddler with development at an early age.
Elliott rebuilds stake in SoftBank and pushes for $15 billion buyback: Report
SoftBank Group's shares surged to a three-year high after activist investor Elliott Management proposed a $15 billion buyback. CEO Masayoshi Son's confidence in the strategy was highlighted. The financial boost was attributed to the success of British chip-designer Arm Holdings.
STOIC hits India with 'Zero Zeno': Israeli firm tries to disrupt Lok Sabha elections; pushed anti-BJP, pro-Congress content
OpenAI's report revealed that STOIC, an Israeli political campaign firm, conducted an operation called 'Zero Zeno' to generate anti-BJP and pro-Congress content during the Indian elections, while also commenting on the Gaza conflict. In May, the network began targeting India specifically, criticizing the ruling BJP and praising the opposition Congress party.
Meta identifies networks pushing deceptive content likely generated by AI
Meta found 'likely AI-generated' content on Facebook and Instagram, including comments praising Israel's handling of the Gaza war. The content was attributed to a Tel Aviv-based political marketing firm, STOIC.
OpenAI's Scarlett Johansson gaffe pushes voice cloning into spotlight
OpenAI was forced to apologise to actor Scarlett Johansson last week for using her voice -- or something very similar -- on its latest chatbot, throwing the spotlight on to voice-cloning tech. OpenAI uses similar systems though they do not release any details.
A quarter of hits & a few misses; and other top tech, startup stories
Welcome to another edition of ETtech Unwrapped – our weekend newsletter. This is Pranav Mukul in New Delhi. This week we’ve wrapped up another compelling quarterly earnings season for listed new-age companies from Zomato and Delhivery to Paytm and PB Fintech.
Reliance’s Tira lays foundation using AI tools to push into India's glossy beauty market
Reliance Industries Ltd.’s Tira, a new venture in India’s beauty sector, leverages AI for personalized experiences like fragrance selection and skincare analysis. With 12 stores and online presence, Tira competes with Nykaa and Tata Group’s Palette in a rapidly growing market. Reliance's diversification strategy aims for innovation and market dominance.
Homebound startups restructure; offline push by D2C brands
Happy Wednesday! Homegrown startups are stepping on the pedal for their move back home. This and more in today's ETtech Morning Dispatch.
US eyes curbs on China's access to AI software behind apps like ChatGPT
Biden admin plans to regulate AI models export to China. Commerce Dept may use computing power threshold. Concerns about AI's role in bioweapons, cyber attacks. Challenges in defining export criteria.
Indian students fail to land internships in US amid hire-local push
Indian students in the US, including those from Ivy League universities, face internship challenges amid job slowdown. Competition intensifies with scarcity of entry-level job opportunities, impacting job market competitiveness.
Big Tech reports strong Q1 numbers amid AI push
Alphabet and Microsoft ignited a rally in technology stocks on Friday with earnings that showed big AI investments were driving growth, allaying doubts that their costly bets would take time to pay off after a soft forecast from Meta Platforms.
Google consolidates its DeepMind and Research teams amid AI push
Google and Microsoft make strategic moves in AI development. Google faces criticism for Gemini AI inaccuracies, while Microsoft hires DeepMind co-founder. Both companies plan significant AI advancements in the coming years.
AI push is forcing rationalisation in other parts of business: Accel's Arun Mathew
Arun Mathew of Accel discusses the impact of Covid on the SaaS ecosystem, the potential for IPOs, and the success of Accel's investments in the Indian market, including Flipkart and Freshworks.
Load More
