AI TOOLS
Synopsys will help Tata Electronics design custom chips
US-based chip design company Synopsys will help Tata Electronics in multiple aspects of its fab facility—India’s first—coming up in Gujarat and its assembly and testing unit in Assam, chief executive Sassine Ghazi told ET. Ghazi also met with Tata Electronics CEO Randhir Thakur and Tata Sons chairman N Chandrasekaran in Mumbai. He held talks with Ola Cabs chief Bhavish Aggarwal in Bengaluru.
Cash strapped Stability AI raises $80 million with new CEO and board
According to a person familiar with the matter, Stability AI has raised about $80 million in funding from a group of investors including Coatue Management, Lightspeed Venture Partners, and former Google CEO Eric Schmidt. The firm also released AI models to generate audio and video using text prompts and named former Facebook President Sean Parker as executive board chairman of its board.
Reddit to update web standard to block automated website scraping
AI startups face scrutiny for bypassing Reddit's updated scraping rules. Plagiarism accusations against firms like Perplexity highlight the need for stricter data usage regulations. Reddit's cooperation with TollBit and the Internet Archive ensures non-commercial access while maintaining transparency. The involvement of Alan Barona underscores the importance of ethical content sourcing in AI development.
OpenAI to cut access to tools for developers in China and other regions: report
ChatGPT is not available in mainland China but many Chinese startups have been able to access OpenAI's application programming interface (API) platform and use it to build their own applications, the Securities Times said.
Shopify expands access to its AI-powered features to attract more businesses
Customers can now use its editing tool on their smartphones to enhance images used in promotional materials, including emails, the Canada-based firm said at its biannual products event. The feature was previously restricted to only editing product images online.
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.
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What the arrival of AI phones and computers means for our data
Apple, Microsoft, and Google are leading the way in the development of artificially intelligent smartphones and computers, requiring more user data for tasks like photo editing and call monitoring. This raises privacy concerns as AI needs access to personal data across devices and apps.
Multiple AI companies bypassing web standard to scrape publisher sites, licensing firm says
Perplexity likely bypassed web crawler blocks via the Robots Exclusion Protocol, as reported by Wired, using analytics to track AI traffic.
OpenAI pact has privacy guardrails: Apple
Despite privacy worries surrounding the Apple-OpenAI partnership, Apple guaranteed privacy safeguards for users, even those accessing the free version of ChatGPT without an account.
Snap launches AI tools for advanced augmented reality
Snap Inc plans to create full body AR experiences, including generating new outfits, to enhance AR content on Snapchat.
Startup develops AI tool that creates multi-faceted authentication system
A woman-led start-up has developed an AI-based tool 'Divya Drishti' integrating facial recognition with gait analysis. Founded by entrepreneur Shivani Verma after winning 'Dare to Dream 2.0', the tool offers enhanced accuracy in biometric authentication.
Pune Porsche crash: Police prepare crash impact analysis report with Army forensic expert's help
The car allegedly driven by a juvenile crashed into a bike on May 19, killing two IT professionals Anish Awadhiya and Ashwini Koshta in the KalyNagar area of Pune city. The accused driver was allegedly under the influence of alcohol. A crime branch officer said, "We have obtained the report of crash impact analysis of the accident. The analysis has provided valuable insights into the positioning of the vehicles at the time of impact and the injuries sustained by the deceased. The report will be instrumental in understanding the sequence of events leading to the tragic accident."
Welcome to the era of the AI smartphone
At its annual software developer conference Monday, Apple showed a host of enhancements coming this fall to iOS 18, its operating system powering iPhones. The new tools include a revamped version of its voice assistant, Siri, that is easier to talk to and an AI system that will generate images, create summaries of web articles and craft responses to text messages and emails.
Meta's WhatsApp launches new AI tools for businesses
Meta launches first AI-driven ad targeting program on WhatsApp to boost revenue. CEO Mark Zuckerberg unveils tools for businesses at a Brazil conference, shifting WhatsApp's stance on targeted advertising and enhancing customer engagement.
Will use AI tools to tackle growing instances of spam on WhatsApp: Meta’s Nikila Srinivasan
“From WhatsApp’s perspective, a core principle we follow is that anything has to be reliable and private. Anything that invades our privacy does not have any space on the platform. Our expectation from the businesses is that they have explicit permission before they reach out (to users),” Nikila Srinivasan, the company’s vice president of business messaging, told ET.
CBSE detects huge difference in theory & practical marks, asks schools review assessment procedures
CBSE detects significant variation in theory and practical marks, advises schools to review internal assessment procedures for realistic assessment and value addition.
Using AI to draft a cover letter? Don’t depend on tech too much
Artificial intelligence (AI) is beneficial for job applications, but over-reliance on it for drafting cover letters can lack personalization. Sashi Kumar from Indeed India emphasizes the importance of a human touch in cover letters to convey authenticity and storytelling for job seekers.
Trend Micro taps Nvidia software tools for AI cybersecurity offering
Trend Micro is collaborating with Nvidia to develop AI-based cybersecurity tools for data centers. The tools aim to detect intruders and secure data used for AI work, addressing the vulnerability of centralized data storage.
Meta says generative AI deception held in check — for now
Social media giant Meta says its bid to thwart coordinated disinformation campaigns created through ever-improving generative AI is working, despite widespread concerns. Meta said it had seen "threat actors" put AI to work to create bogus photos, videos, and text, but no realistic imagery of politicians, according to the report.
SaaS company AiDash launches first ESOP buyback plan for employees
The company says the buyback, which comes on the back of its $58.5 million series C funding round, underscores its commitment to shared wealth creation.
Cats on the moon? Google's AI tool is producing misleading responses that have experts worried
Google's AI-powered search engine now provides instant answers, but errors like fake facts and debunked theories are causing concern. Experts warn of bias, misinformation, and potential dangers, especially in emergency situations.
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.
Beware! Your phone calls may be monitored in real-time. Know about Google's AI-powered scam detection tool
Privacy advocates across the globe are currently in a fix as Google is working on an AI-based software that will monitor phone calls in real-time to detect any fraudulent activity or scams.
Government aims to boost use of artificial intelligence in food processing
India aims to boost artificial intelligence (AI) in food processing to raise efficiency, support farmers, and cut environmental impact, officials revealed at a National Institute of Food Technology Entrepreneurship and Management (NIFTEM) conference. The government advocated for a roadmap to deploy AI tools in the sector, with the Ministry of Electronics and Information Technology Secretary showing support. Experts believe AI can enhance agricultural practices, improve produce quality, and aid India's goal of achieving net zero emissions by 2070.
Eye on AI: Apple’s chip game, Meta's GenAI tools for advertisers and other top developments
Apple integrates AI features into data centres and new iPad Pro. Meta launches enhanced generative AI tools. OpenAI joins C2PA steering committee. US lawmakers introduce bill on AI models export control. Microsoft and OpenAI fund AI literacy for voters.
Financial Intelligence Unit arms itself with AI, ML tools to check money laundering
India's FIU enhances anti-money laundering efforts with AI-powered FINnet 2.0. The system analyzes suspicious transaction reports, assigns risk scores, and collaborates with various enforcement agencies using advanced technologies for efficient financial intelligence processing.
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.
Adobe explores OpenAI partnership as it adds AI video tools
Adobe integrates third-party AI tools like Sora from OpenAI into Premiere Pro, using the Firefly AI model for features such as scene object generation and distraction removal. The company addresses market concerns through revenue sharing and emphasizes industry-leading AI ethics.
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