AS ARTIFICIAL INTELLIGENCE
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.
AI became the teacher of the year
AI is transforming the landscape of education as lecturers and EdTech platforms across the country utilise the technology for teaching, testing, and assessment. Generative artificial intelligence (AI) tools such as ChatGPT have found their way into Indian classrooms. However, AI also presents potential drawbacks. It may stifle creative thinking among young learners due to an over-reliance on technology.
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.
Govt sets up task force to study impact of AI on future of work: Labour secretary Sumita Dawra
The government has formed a taskforce to examine the effects of artificial intelligence (AI) on the future of work, according to labour secretary Sumita Dawra during an industry interaction in Hyderabad on Friday. The announcement was made at an event organized by the Confederation of Indian Industry (CII) and the Employers’ Federation of India (EFI).
AI is bringing back Hollywood voices from the past, but with consent
AI voice startup ElevenLabs, which develops tools and models to regenerate voices in different accents and languages, has secured permission from the estates of deceased Hollywood actors to use their voices for its app Reader. This app takes online content like newsletters, articles, PDF files and converts them into voice-overs.
YouTube makes it easier to take down AI deepfakes
This shift indicates that YouTube now considers deepfakes primarily a privacy issue rather than just a content moderation challenge. One can now submit a request to YouTube to take down deepfakes through the privacy request process. In India, discussion on deepfakes gained momentum after a short clip of actor Rashmika Mandanna went viral last year.
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L&T bets on GenAI for sustainable progress
Larsen & Toubro, a leading engineering, procurement, and construction firm, is prioritizing generative AI for sustainable advancements, as highlighted by S N Subrahmanyan in his inaugural address as chairman at the company's 79th annual meeting on July 4.
L&T using generative AI to enhance processes across project lifecycle, says MD Subrahmanyan
To fuel this innovation, L&T has launched a collaborative platform connecting aspiring data scientists with domain experts and technology champions to develop cutting-edge, future-proof solutions, S N Subrahmanyan said during 79th Annual General Meeting.
OSU explores collaboration with premier Indian institutes
Oregon State University (OSU) is seeking partnerships with Indian Institutes of Technology (IITs) and Indian Institute of Information Technology (IIITs). OSU president Jayathi Y Murthy announced they will visit IIT-Kanpur, IIT-Delhi, IIT-Madras, IIT-Hyderabad, and IIIT-Hyderabad to find research commonalities in AI and sustainability. The collaboration aims to enhance academic exchanges tackling challenges like AI and climate research.
Saras, a one-of-its-kind institution dedicated solely to AI education, announces its official launch in India
Saras AI Institute, founded by Anil Singh, offers specialised online degree programmes, industry expert educators, personalised coaching, and integrates compassion. This state-approved institution, with a unique curriculum and innovative approach, aligns with World Economic Forum’s projection of 97 million new AI jobs by 2025, addressing the talent shortage in the global AI sector.
Chinese premier calls for international AI cooperation
Chinese Premier Li Qiang on Thursday called for global cooperation and a more open mindset in artificial intelligence, as a rivalry between Beijing and Washington heats up in the nascent tech field. Chinese Premier Li on Thursday urged countries to adopt "more open mindsets" and promote international cooperation on AI.
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.
AI coding startup Magic seeks $1.5-billion valuation in new funding round
Magic, a U.S. startup, is raising $200 million for AI software development without revenue. Investors are funding coding assistants like GitHub Copilot. Paris-based Poolside AI also trains large language models. Magic's unique design surpasses transformer models, focusing on long-context windows for data processing.
India’s bid to make GPAI as AI regulator gets global support
India has emerged successful in making the Global Partnership on Artificial Intelligence (GPAI) the leading platform for international cooperation on AI governance. This includes establishing regulations and a unified global framework for responsible AI development and implementation.
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.
Y Combinator-backed AI robotics startup Pivot Robots raises funding from NuVentures
Pivot Robots will use the funds for team expansion, particularly in the areas of motion planning and computer vision. Siddharth Girdhar, cofounder of the company told ET, the funding will facilitate team growth, especially in motion planning and computer vision. Additionally, it will support increased robot testing and the establishment of office space.
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.
As AI gains a workplace foothold, US trying to make sure workers don't get left behind
Bridging the digital equity gap through AI education is crucial. Marvin Venay stresses the importance of inclusive initiatives for overcoming barriers. Accessible internet and affordable technology are essential components for empowering individuals with AI knowledge and skills.
The voices of AI are telling us a lot
AI voices evolve from cinematic stereotypes to diverse choices, impacting user preferences.
Artificial intelligence firms lead Chinese shares higher
China's CSI AI Index jumped 3.7%, as domestic AI companies moved swiftly to attract users of OpenAI's technology. The blue-chip CSI300 index hit a four-month low on Tuesday. A US company intends to limit access to its application programming interface (API) in China and other nations. The API serves as a platform enabling developers to integrate its AI models into their products.
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.
NHAI to collaborate with IIIT Delhi to enhance road safety through artificial intelligence
As per the ministry of road transport and highways, NHAI and IIIT Delhi has entered into an MoU under which IIIT Delhi will conduct surveys for collecting imagery and other data related to availability and condition of road signages on selected national highways stretches spread over 25,000 km for accurate identification and classification of road signs.
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