ARTIFICIAL INTELLIGENCE INVESTMENT
FTC seeking details on Amazon deal with AI startup Adept
The FTC is investigating Amazon’s hiring of Adept's David Luan amid AI competition with Google and Microsoft, following a January inquiry. Amazon invested $4B in Anthropic. Adept, backed by $400M, released open-source models but lacked commercial success. The FTC also examines potential merger disclosures, pricing, and personnel strategies.
AI startup UptimeAI raises $14 million in funding round led by WestBridge Capital
UptimeAI, an AI startup by Jagadish Gattu and Vamsi Yalamanchili, raised $14 million in Series A funding from WestBridge Capital and Emergent Ventures. The AI startup specialising in the manufacturing and heavy industries sectors claims its operational excellence solutions have delivered 10-15 times RoI for customers within nine months.
Why an ‘AI health coach’ won't solve the world's chronic disease problems
Health is an appealing direction for an AI industry that has promised to transform civilisation, but whose huge growth of the past couple of years is beginning to look like it's stalling. Companies and investors have pumped billions into the technology, but it is still often a solution looking for problems.
ET Infographic: Global GenAI gold rush
The generative AI boom has led to the creation some of the biggest tech companies in the past few years. For example, OpenAI, the company behind the viral ChatGPT, is the world's most valuable startup with a market cap of $86 billion. Chipmakers like Nvidia have also enjoyed the GenAI boost.
Goldman Sachs puts a $1 trillion question mark over Generative AI
A KPMG survey in the US found that executives expect Generative AI to have an enormous impact on business, but most say they are unprepared for immediate adoption.
How smart manufacturing can transform India’s future
India's 1991 reforms started economic transformation, now focusing on AI, IoT, robotics in smart manufacturing. Government initiatives like SAMARTH Udyog, the Centre for the Fourth Industrial Revolution drive Industry 4.0. NAMTECH, founded by ArcelorMittal Nippon Steel, advances technical education, aiding India's aim for a $35 trillion GDP and global manufacturing hub status.
- Go To Page 1
What’s self-healing Generative AI? How it works and can revolutionise the finance sector
Self-healing AI technology is revolutionizing artificial intelligence by enabling systems to independently detect, diagnose, and repair issues. This innovation, especially transformative in the Banking, Financial Services, and Insurance (BFSI) sector, enhances reliability, security, and efficiency. By automating problem resolution, it reduces manual intervention, minimizes downtime, and cuts costs, significantly improving operational efficiency and customer experience.
Artificial Intelligence helped to find a vast source of the copper that AI needs to thrive
KoBold is pumping $2.3 billion into its first mine and is negotiating tricky partnerships with contractors and governments alike. It is relying on the U.S. government to finance a new railway to export the copper.
PM GatiShakti platform may adopt AI to boost India’s economic development
The Indian government, under PM Narendra Modi's leadership, is planning to integrate artificial intelligence (AI) into the PM GatiShakti platform to accelerate infrastructure development. Named PMGS 2.0, this AI-enhanced system aims to predict economic trends and assess infrastructure needs across different scenarios. Already central to over 170 projects worth Rs 13.5 lakh crores, PM GatiShakti uses digital technology to enhance connectivity and efficiency. With logistics as a key focus, the initiative aims to reduce costs and boost economic and social development through integrated planning and technology adoption.
AMD to acquire Finnish startup Silo AI for $665 million to step up in AI race
AMD will acquire Finnish AI startup Silo AI for $665 million to boost AI chip capabilities and improve AMD-powered models and software. AMD Senior VP Vamsi Boppana noted it "unlocks significant business." Silo AI's customers include Philips, Rolls-Royce, and Unilever. CEO Peter Sarlin will lead the unit, with the deal closing in the second half of 2024.
Who should drive AI adoption — teams or leadership?
While leaders have a pivotal role in bringing in new technologies, AI’s success in manufacturing requires the help of the workforce too.
AI startup funding more than doubles in Q2, Crunchbase data shows
Startup funding overall grew 16% sequentially to touch $79 billion in the last quarter, primarily driven by investments in AI, which became the largest sector for the first time, followed by healthcare and biotech. Outside of AI, cybersecurity company Wiz raised a billion-dollar in its latest funding round.
Ghosts in the machine: Peril of hallucinations in GenAI chatbots
Hallucinations are a big issue while deploying GenAI-based chatbots. Hallucination is a phenomenon where an AI chatbot offers factually incorrect information in response to a question. How are firms navigating its pitfalls?
To get skilled in AI, companies let employees play in Metaverse
As the landscape of work evolves rapidly with artificial intelligence playing a crucial role, businesses are shifting away from a one-size-fits-all approach to learning. Companies aim to ensure that their employees are well-versed in the emerging technology through a variety of training methods.
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 video maker Runway in talks to raise funds at $4 billion valuation: report
Since the launch of ChatGPT by OpenAI in 2022, there has been an immense interest in AI, with enterprises investing millions of dollars to cash in on the trend.
LatentView Analytics completes acquisition of AI company Decision Point
Decision Point Analytics has over a decade of experience in developing AI powered solutions. It has over 300 employees worldwide.
AI deals lift US venture capital funding to $55 billion in Q2, data shows
U.S. venture capital funding surged to $55.6 billion in Q2, driven by AI investments. Emerging VC fund managers faced pressure as large firms like Andreessen Horowitz led fundraising efforts.
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.
Echoes of dotcom bubble haunt AI-driven US stock market
AI enthusiasm, along with a robust economy and improved earnings, has driven the S&P 500 index to new highs this year, surging over 50% since October 2022. The Nasdaq Composite, heavily influenced by technology stocks, has soared more than 70% since the end of 2022. While several internet stocks such as Amazon survived and eventually thrived, others never recovered.
Steve Ballmer is richer than Bill Gates, a first for Microsoft billionaires
Steve Ballmer surpassed Bill Gates to become the sixth-richest person globally, as Microsoft shares hit a record high, gaining 21% this year. Ballmer's net worth reached $157.2 billion, mostly in Microsoft shares, while Gates' diversified $156.7 billion fortune includes investments through Cascade Investment. Gates' wealth has reduced due to philanthropy, having donated nearly $60 billion to the Gates Foundation. Ballmer, who hasn't signed the Giving Pledge, focuses on smaller-scale philanthropic efforts. He succeeded Gates as Microsoft's CEO in 2000 and retired in 2014, later buying the Los Angeles Clippers.
Want a slice of AI pie? Here's what it will cost stock market investors
Retail investors are now viewing AI as a promising investment frontier, with significant potential for gains by investing in leading companies in this field. Nvidia, a maker of AI chips, has seen its stock surge threefold in the past year, making it one of the most valuable companies in the world with a market capitalisation over $3 trillion.
These are the three stocks which may outperform Nvidia by 2030
Analysts have predicted that the dream run of Nvidia may end by 2027 due to various technological developments. There are three other companies that may outperform Nvidia by 2030. Google, Microsoft and Apple are three leading companies that may peak by 2030. They are actively promoting their AI related products and services.
India's AI spending to touch $6 billion by 2027: IDC
Indian AI adoption is projected to boost AI spending to USD 6 billion by 2027, driven by IDC's insights on Generative AI and GenAI-enabled delivery, emphasizing the importance of digital transformation for Indian service providers.
Artificial Intelligent slaves
The word robot is traced to the Slavic word for forced labourers i.e., slaves. Slaves have existed in all parts of the world. Names have been different. Techniques to enslave been different. Some used threats of violence. Some told stories - God told you to follow the occupation of your father, nothing else, was the story told in Hindu scriptures. The gods created slavery for their own pleasure, said Mesopotamian mythology. Women have to serve women, said Biblical myths.
SoftBank CEO Masayoshi Son talks up artificial super intelligence ambitions
"SoftBank Group has done many things until now that have all been a warm up for my great dream to realise artificial intelligence," Son told shareholders at the group's annual general meeting.
Cisco launches $1 billion AI fund and makes first investments
Cisco through its investment arm, is investing in Cohere, Mistral AI and Scale AI, among others, and has already committed nearly $200 million of the fund.
Dell shares slump 18% as heavy AI investments expected to dent margin
Dell's stock is projected to lose over $21 billion in market value, despite having experienced a remarkable 80% surge earlier this year. The company, like many others, has made significant investments in advanced server hardware to accommodate the growing demand for complex artificial intelligence processing.
Cathie Wood's Ark buys stake in Elon Musk's xAI: report
Cathie Wood's Ark Investment Management purchased a stake in xAI, Elon Musk's AI startup valued at $24 billion, as reported by Bloomberg News.
Load More
