GENAI CONTENT
AI smartphone sales likely to be dull in India in 2024
AI-capable smartphones are projected to constitute only 4-5 per cent of the 152-156 million total smartphone shipments in India this year. Global estimates suggest they will make up 17 per cent of 1.2 billion handsets by 2024. Market experts view smartphones as an ideal platform for AI accessibility due to advancing hardware and software capabilities. However, high prices, starting at $600, may impede widespread adoption in India compared to other markets like China, South Korea, and Japan.
Wipro launches Lab45 AI platform to compete on GenAI solutions
Wipro launched Lab45 AI platform to enhance business functions and industry-specific solutions for customers and employees. The platform has shown productivity gains of up to 30% across industries, according to Subha Tatavarti, Wipro's chief technology officer.
Oppo sets up AI centre in China, rolled out over 100 Gen AI features on phones this year
Chinese smartphone brand Oppo said it has rolled out over 100 generative AI capabilities to its phones this year, and has set up an AI R&D center in China to develop proprietary technologies, having filed over 5,399 patents on the emerging technology worldwide.
GCCs open multiple career opportunities for freshers
India's economy has experienced significant growth due to the establishment of global capability centres (GCCs), which benefit from the country's skilled workforce, low operational costs, and digitisation. These offshore units, set up by multinational corporations, centralise various business functions and operations to improve productivity, presenting numerous job and career advancement opportunities, especially for early career professionals.
AWS makes Amazon Bedrock available for developers in India
Making the announcement at the AWS Summit Bengaluru, the global technology giant has piloted the service with Indian organisations such as Healthify, L&T Technology Services (LTTS), Max Life Insurance, GupShup, Fibe, Happy Fox, ShellKode and Yellow.ai.
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.
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Paytm market cap nears $2.5 billion; state-run banks turn to GenAI
Paytm’s market capitalisation is down to nearly $2.5 billion after a ninth straight session of declines on the BSE.
Financial Times, OpenAI sign content licensing partnership
The agreement will enhance OpenAI's generative AI chatbot ChatGPT with attributed FT content, and the firms will collaborate on developing new AI products and features for FT readers.
With GenAI, database firm MongoDB gets set for big India play
Valued at about $30 billion, MongoDB counts Tata Digital, Tata AIG, Canara HSBC Life Insurance, Zomato, Devnagri, Ambee, Inovaare and Observe.AI among its key clients.
Roughly half of the nations that invest in AI develop their own generative models, reveals the first global GenAI landscape
AIport's Global Generative AI Landscape 2024 provides a comprehensive analysis of worldwide GenAI players, models, and contributions. It emphasizes inclusivity by offering a transnational perspective, ensuring a diverse representation in the global AI community.
OnePlus, Oppo, Xiaomi and other top Chinese smartphone brands are testing GenAI waters on their flagship devices
"By collaborating with Google to integrate both Gemini and Google Cloud AI into smartphones, and by forming alliances with other industry pioneers for a variety of AI experiences, we are thrilled to ambitiously broaden the scope of mobile AI innovations," said Nicole Zhang, general manager of AI product for OPPO and OnePlus.
New AI law will guard rights of content creators: experts
Experts hailed the proposed AI law as "timely" given the explosive growth of AI-generated content. This rapid development has the potential to disrupt the publishing industry and raise copyright infringement concerns, they said.
India Inc heavyweights look to AI to drive innovation and efficiency
CEOs, CXOs in India prioritize upskilling in GenAI for business transformation. Insead and upGrad witness surge in professionals seeking AI expertise. Companies like Tata Consumer and Raymond integrate AI for business innovation and customer interactions.
Prompt in progress: GenAI text-to-code tools boost productivity
Gen AI text-to-code tools hold promise of up to a 50% gain in productivity. Top IT firms are also embracing them for efficiency. But as Himanshi Lohchab and Beena Parmar find, the road to large-scale adoption is still dotted with caution.
Adobe collaborating to develop industry standards on GenAI: CEO Shantanu Narayen
Adobe, under CEO Narayen, advances generative AI standards with GenStudio app. Expanding campaign capabilities, including image generation with Firefly, audio, video, and 3D model generation. Also introduces Adobe Experience Platform AI Assistant for customer journey mapping.
Accenture, Adobe join forces to develop personalised gen-AI solutions
Accenture said it will integrate Adobe Firefly Custom Models into the marketing services offered by Accenture Song, the company's digital creative services, providing organisations with industry-specific information necessary to train models on their proprietary data and brand guidelines.
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.
Experts can’t find any legal basis for government's LLM missive
According to the lawyers, there are questions about the statutory basis and enforcement competence of such an advisory, especially concerning permission of the government for under-testing models.
GenAI can lead to massive productivity gains in HR, recruitment, says Oracle executive
Sectors such as business services, financial services, education, retail and healthcare are among those that are majorly impacted by the advent of Gen AI, said Deepa Param Singhal, vice president, Cloud Applications, Oracle India.
AI-generated propaganda as effective as original propaganda, finds new study
AI-generated propaganda is as effective as real propaganda, making it harder to detect. It can increase the volume of propaganda, posing risks to society. Strategies are needed to guard against misuse and assess potential risks.
Hiring intent for fresh talent up 6% in H12024: Report
Roles such as graphic designer, legal associate, chemical engineer and digital marketing executive are in high demand across industries for freshers, according to TeamLease EdTech’s Career Outlook Report.
GenAI may add $1.2-1.5 trillion to India's GDP in next 7 years
Generative AI (GenAI) holds significant potential for India, contributing an estimated $1.2-1.5 trillion to the GDP over the next seven years, according to an EY report. Key drivers include education and upskilling. GenAI has become a priority for CEOs, with upskilling identified as crucial. Organizations like L&T have initiated programs, such as Coursera's GenAI Academy, to provide digital literacy. The report emphasizes the need for structured, role-based learning pathways. India can position itself as a hub for AI talent, leveraging its digitally skilled workforce through private-public partnerships, micro-credentials, and personalized learning experiences in local languages.
Regulatory sandbox, indigenous security ecosystem in MeitY plan
These policy changes will be in line with the 10-year roadmap for various aspects of cryptography, quantum technologies, cyber forensics research and development, and mobile and IoT device security prepared by the ministry of electronics and information technology.
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.
Eye on GenAI, Indian IT companies seek opportunities to build and expand
Having moved to infuse generative AI (GenAI) technology internally and in client offerings last year, IT firms like Wipro and Tech Mahindra are making their talent AI-ready and incorporating newer tech into their internal operations to boost efficiency.
Authentication of content, its source will be key with Gen AI: Tamil Nadu IT minister
During the Global Investors Meet in Chennai, Tamil Nadu's minister for IT and digital services Palanivel Thiaga Rajan said the state is broadly in the process of coming up with some incentive and support policies in the overall IT space and specific areas like AI
Voice actors air their fears about voice-stealing AI
With different GenAI models working on cloning voices, they can create a five-hour-long audiobook within minutes or even dub an entire OTT web series in 10 different languages. Regarding this, the Association of Voice Artists has reached out to FICCI to represent its concerns before the IT Ministry.
Govt may tweak rules for AI firms, LLMs; FY23 financials for Unacademy, Myntra
The amendments, to be notified soon by the IT ministry, could mandate that platforms that use artificially intelligent algorithms or language models to train their machines, are free of biases.
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