AUTO AI PLATFORM
Many South Korean companies assured investment in Karnataka across gaming, auto and FMCG sectors
The meeting took place between M.B. Patil, Minister for Large and Medium Industries and Infrastructure Development, Government of Karnataka and prominent Korean companies such as YG-1, Krafton Inc., Go Pizza, and HY Automotive Controls.
The voices of AI are telling us a lot
AI voices evolve from cinematic stereotypes to diverse choices, impacting user preferences.
AI and ML powering the next generation of personalisation for on-demand apps: Madan Thangavelu, Senior Director, Engineering, Uber
The on-demand service industry relies on mobile apps for user experience (UX) despite limited UI space on smartphones.
Growth gems well positioned; large businesses to drive significant growth: Anish Shah, Mahindra Group
EV made a lot of sense because the expertise that we can get globally will help our businesses and which is why we were open to getting partners and they have added a lot of value in terms of what they bring and in other businesses, in growth gems in particular, we can look for global partners where we can get their insights and their guidance to be able to grow the business faster.
Yellow.ai launches model-as-a-service through Orchestrator LLM
Yellow.ai's Orchestrator LLM combines 15 AI models for enterprise tasks, enhancing customer conversations. It reduces operational costs, boosts agent productivity, and caters to global enterprises like Sony, Domino's, and Hyundai.
Mytek launches new AI-based platform to help contractors deliver infra projects on time
In a bid to revolutionise project planning in the construction industry, Mytek Innovations has introduced a groundbreaking digital platform utilizing open AI tools. This innovative system streamlines project completion, reduces costs, and facilitates funding applications for contractors and subcontractors, aiming to enhance efficiency and productivity in India's construction sector.
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Shareholder nod for Swiggy’s $1.25 billion IPO; Koo halts salaries
Online food delivery major Swiggy has received shareholder approval to go public. This and more in today’s ETtech Top 5.
Car giants vie for EV crown at Beijing's Auto China show
Beijing's Auto China show, which lasts until May 4, sees dozens of firms square off in a bid to draw customers at one of the country's biggest car shows. Thursday saw crowds surge into the convention complex hosting the event, which takes place every other year but had not been held since 2020 because of the pandemic.
Strategy reset under new Tata Digital boss; subscription play for Ola, Uber autos
Handpicked by Tata Sons chairman N Chandrasekaran from their insurance arm, Tata AIA Life, Naveen Tahiliyani is fostering a collaborative spirit at Tata Digital and encouraging participation from other group companies, officials told ET. Meanwhile, Chandrasekaran is keeping a close eye on his progress.
Biden and Xi discuss Taiwan, AI and fentanyl in a push to return to regular leader talks
US President Joe Biden and Chinese President Xi Jinping held a phone call discussing various issues like Taiwan, artificial intelligence, and security matters, aiming to restore regular dialogue between the two nations' leaders. The call follows their November summit, focusing on strengthening ties and cooperation.
Cloudera and Nvidia collaborate to expand generative AI capabilities
Cloudera and Nvidia collaborate to enhance Cloudera Machine Learning with Nvidia's microservices, enabling secure generative AI workflows. Integration includes AI models, text, images, visualizations, LLM, and high-performance workflows for efficient AI applications.
AI titan Nvidia ramps up collaboration with Chinese auto giants
Nvidia on Monday announced a major expansion of its collaboration with world-leading BYD and other Chinese electric car makers, including on the development of autonomous AI-boosted vehicles. Nvidia said other major Chinese EV firms, including XPeng, Li Auto, ZEEKR and GAC Aion have also adopted the Thor platform, which was first announced in 2022.
Paytm gets nod to become third-party UPI app; Govt cracks down on OTT platforms
Paytm parent One 97 Communications Ltd has secured approval from the National Payments Corporation of India to become a third party UPI app. This and more in today’s ETtech Top 5.
AI startup RapidCanvas raises $7.5 million in funding round led by Accel
The funds will be used for customer acquisition through marketing and sales expansion, as well as for customer retention through investment in research and development.
Digital lenders’ play for MSMEs; Ola Electric to launch e-autos
MSME-focused digital lenders are increasingly gaining traction as banks slow down on unsecured consumer loans. This and more in today’s ETtech Morning Dispatch.
Amazon Pay secures payment aggregator licence; Krutrim AI’s chatbot
Amazon Pay has received a payment aggregator licence from the Reserve Bank of India (RBI). This and more in today’s ETtech Top 5.
Time to turn cautious on realty stocks; no plan to exit these 3 auto stocks: Sandip Sabharwal
Sandip Sabharwal sees potential in Maruti, L&T, HDFC Bank, and V-Guard Industries. He is cautious about Honasa, Grasim, and Jio Financials. He expects rural revival and advises caution in dealing with real estate stocks. He questions the impact of AI on technology stocks. He advises caution in the paint industry.
Amazon’s Bazaar to challenge Meesho; AI & edtech
Amazon has started onboarding sellers from across the country and is asking them to list unbranded products, priced at Rs 600 or less. The platform will offer products like apparel, watches, shoes, jewellery and luggage.
Virtual reality startup AutoVRse secures $2 million in funding led by Lumikai
AutoVRse said it will use the funding to enhance its foundational enterprise product, VRseBuilder, strengthen the team, and expand into other territories such as the US.
Nvidia chases $30 billion custom chip market with new unit
The dominant global designer and supplier of AI chips aims to capture a portion of an exploding market for custom AI chips and to protect itself from the growing number of companies interested in finding alternatives to its products.
Yellow.ai deploys 30% of global generative AI bots domestically
While markets like the US are mostly using GenAI for customer support in a bid to cut costs, India Inc. is using them as an opportunity to grow revenues, generate business leads and sales support, Yellow.ai cofounder and chief executive Raghu Ravinutala told ET.
Coursera translates over 4,000 English courses into Hindi using AI
Coursera took the step in an effort to improve access to high-quality education in India and better serve the local needs of learners and institutions in the country.
Blue-collar jobs may weather raging AI storm better: experts
Only 1% of blue-collar jobs were currently at risk of being automated by AI, according to HR services firm TeamLease Services. In addition, AI can enhance blue-collar workers’ productivity in ways that could improve their pay, and companies are already investing in such technology.
There is a little bit more caution as we enter into 2024, especially in auto: Warren Harris, Tata Tech
“Based upon what we have seen towards the end of the calendar year I think there is a little bit more caution as we enter into 2024. But we will have full visibility in the sort of February-March time frame. So as of now, there will be more of the same although the sentiment is starting to decline a little bit and we will be able to quantify that in the early part of fiscal Q4.”
Wanted: Human resources to steer Artificial Intelligence
The growing recognition of AI's transformative potential, and its role in giving a competitive edge, optimising operations, personalising customer experience and driving innovation, have led to a sharp rise in such mandates, say job search platforms and headhunters including foundit, ABC Consultants and Michael Page. Small and mid-sized boutique firms and multinationals' global capability centres are also driving the trend.
Barring iPhones, sales dip for Apple devices; used-car startups diversify as growth tanks
Though sales of Apple iPhones in India are skyrocketing and outperforming the broader smartphone market, shipments of other Apple products are likely to take a hit this year, suggest analysts. This and more in today’s ETtech Morning Dispatch.
"AI zindabad": Big B shares AI-created image, fans say he looks better than the AI
Indian cinema's megastars, Rajinikanth and Amitabh Bachchan, are all set for a remarkable reunion after a staggering 33 years. Their much-anticipated collaboration, 'Thalaivar 170,' is currently in the works, and they recently wrapped up the Mumbai shooting schedule.
Google Ads introduces auto-generated advertisement tool using generative AI
Google Ads will allow advertisers to automatically generate ads using Large Language Models (LLMs) and generative artificial intelligence (Gen AI), according to Dan Taylor, the vice-president of global ads at Google. Taylor said the application was able to create creative campaign workflows based on business prompts.
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