GENERATIVE AI PROJECTS
India must lead AI revolution, not just participate, says G20 Sherpa Amitabh Kant
Amitabh Kant emphasizes India's potential to lead the AI revolution globally, highlighting the country's active engagement in AI projects. He stresses the importance of AI integration in various sectors like healthcare and logistics to drive innovation and competitiveness.
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.
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.
Nuvepro to train over one lakh professionals in generative AI
Nuvepro plans to train over 100,000 professionals in generative AI, targeting data scientists, developers, AI enthusiasts, and professionals across various industries. In the past two months, Nuvepro has trained over 1,000 professionals through hands-on workshops designed to tackle real-world generative AI challenges.
The AI boom has an unlikely early winner: Wonky consultants
As the tech industry explores avenues to monetise generative AI, consultants have already started capitalising on its potential profitability. Companies like McKinsey & Co, IBM, and Accenture are experiencing increasing sales and expanding their workforce. This trend is driven by a desperate need for technology experts who can serve as guides, helping businesses understand the implications of generative AI and its potential benefits.
Amazon cloud giant AWS wants public sector to embrace AI
Amazon's AWS, the world's biggest cloud computing outfit, is making a major push to entice the public sector to join the artificial intelligence revolution, as the generative AI race with Microsoft and Google heats up. The scramble for public sector adoption of generative AI comes as Microsoft's cloud business as well as Google Cloud are trying to bite into AWS' leadership of the market.
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Novavente raises $3 million from Highbrow Securities
The partnership with Highbrow Securities is also expected to enhance Novavente's market credibility as it prepares for a public listing on the London Stock Exchange. The sales consulting firm will use the fresh funds to fuel expansion plans and enhance offerings and services. Beyond its core business, Novaventa has also invested in developing generative AI products.
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.
How GenAI is opening up new revenue streams for IT firms and GCCs
The rise of generative AI (GenAI) presents an opportunity for IT firms to unlock new revenue streams. Companies like Accenture, Infosys, and Tech Mahindra, alongside global capabilities centers (GCCs), are seeing a surge in data standardisation work. This is driven by the vast amount of "uncleaned/unstructured" data held by their clients and parent companies.
Why deal sizes are shrinking for top Indian IT companies
IT service providers are experiencing shrinking average deal sizes to as low as $25 million due to cost efficiencies, GenAI transformation, and shorter tenure projects amid uncertain macro-economic conditions. Despite an increase in large deal volume during FY23, industry analysts report a decrease in the average value of those deals. This comes even though Indian software exporters remain major players on the global stage.
Amazon mulls $5 to $10 monthly price tag for unprofitable Alexa service, AI revamp
Known internally as 'Banyan,' the project would represent the first major overhaul of the voice assistant since it was introduced in 2014 along with the Echo line of speakers. Amazon is keeping pace with competitors in generative AI, given that Google, Microsoft, and OpenAI have received significant praise for their advanced chatbots. These systems can swiftly generate coherent responses to complex prompts or inquiries.
SoftBank's Masayoshi Son: will ramp up US power business for generative AI
Japan's SoftBank Group will ramp up its power generation business primarily in the United States to supply power to generative artificial intelligence projects worldwide, founder Masayoshi Son said on Thursday.
Can AI answer the needs of smaller businesses? Some push to find out
Economists generally believe that the diffusion and adoption of generative AI will occur much faster, in part because information flows more quickly than it did in the past.
Companies need to increase AI skilling initiatives and also focus on ethics: Survey
Only 25% of IT professionals are very familiar with AI, as per ISACA survey. 40% orgs lack structured AI training, highlighting knowledge gaps and need for upskilling.
Cryptocurrencies for passive income generation in 2024
Cryptocurrencies like 99Bitcoins, PlayDoge, WienerAI, and Bitcoin offer high growth potential and passive staking income through platforms. Users can earn rewards and interest by staking assets during the holding period.
Tata Group firms engaged in over 100 Gen AI projects: N Chandrasekaran
TCS chairman N Chandrasekaran announced over 100 Gen AI projects within Tata Group, showcasing tangible business impact in customer experience, productivity, and efficiency.
OpenAI sets up safety committee
Microsoft-backed OpenAI's chatbots with generative AI capabilities, such as engaging in human-like conversations and creating images based on text prompts, have stirred safety concerns as AI models become more powerful.
US intelligence agencies' embrace of generative AI is at once wary and urgent
A Silicon Valley firm used generative AI in the Sable Spear operation to analyze Chinese fentanyl trafficking data, surpassing human analysis. It predicted Russia's invasion of Ukraine and alerted government customers to North Korean missile launches. U.S. intelligence agencies are exploring AI for geospatial intel and assessing AI missions.
AI-focused TCS sees its staffers clocking more learning hours
This comes as TCS doubled its generative AI projects pipeline to $900 mn. Interestingly, senior female employees have been putting in more hours to learn than their male counterparts for the last four years, as per the annual report.
Google I/O 2024 key announcements: Check latest Android features, Gemini upgrades, new AI assistant and more
Google I/O 2024 highlighted Google's strides in AI, especially with Gemini models improving applications like Workspace and Chrome. They're launching AI-generated answers atop search results in the US, with a global rollout planned, impacting how over a billion users access information. While this promises streamlined searches, concerns about site traffic remain. Other innovations showcased include Veo for video creation, Gemini's expanded capabilities, and Project Astra, an ambitious AI assistant.
View: Google's distributing AI pixie dust
In the past, Microsoft's strategy was to embrace, extend, and extinguish (EEE) by using open standards to create tools, then adding proprietary extensions to dominate the market and control competitors. At Google's recent I/O 2024 developer conference, announcements included AI-driven photo search, a generative AI chatbot, and AI agents for personal assistants. However, many products, like text-to-image and text-to-music, are still in prototype stages. Google aims to integrate AI into all its products, leveraging its massive user base, unlike OpenAI, which, despite innovations, lacks Google's distribution power.
Google AR Glasses set for a comeback, to be supercharged with AI
Google Glass, the augmented-reality headset that failed to gain traction with consumers a decade ago, is set for a comeback, powered by artificial intelligence. Alphabet Inc.'s Google has faced challenges for years in perfecting AR spectacles. After discontinuing the initial headset in 2015, the company shifted to selling enterprise versions for businesses, which were also phased out last year.
If AI can disrupt future, track these 9 artificial intelligence stocks
Generative AI's disruptive potential attracts investors in Indian IT. Revenue challenges due to adoption lag. Companies explore deep learning in Gen AI. Happiest Minds and Affle offer AI services. BCG predicts growth in India's AI market.
Equipping leaders for the AI era: A CEO's toolkit
The critical juncture when AI is taking over the world slowly, a proactive approach and good understanding of Generative AI is required from leadership -- CEOs & CIOs.
GenAI production deployments on the rise in India: EY India
20% of gen AI PoCs in India were in production in FY 2024. FY 2025 expects revenue growth, AI agent bots deployment in customer service, sales, underwriting, document intelligence.
We are happy that we were able to deliver about 19% growth rate in a challenging environment: Rajan Sethuraman, LatentView Analytics
CEO Rajan Sethuraman discusses sustained growth, challenges in demand, and areas of focus like generative AI space, Microsoft Fabric ecosystem, and consumer vertical traction driving revenue expectations in FY25.
Best AI tokens to invest in 2024: Newly emerging AI tokens
Investment manager VanEck predicts revenue from these projects could reach $10.2 billion by 2030 – and a staggering $51 billion in a best-case scenario.
Apple working on AI chips for data centers
Apple is reportedly developing its own chip, internally dubbed Project ACDC, to power artificial intelligence software in data centers, leveraging its chip design expertise. This move aims to bolster Apple's server infrastructure, with a focus on AI inference tasks. CEO Tim Cook signals a strong commitment to AI technology.
Should investors be contra buyers in IT? Rajeev Thakkar answers
In each bull market, there will be pockets of exuberance, but there will be some other pockets which will be out of favour and that is where we tend to look for opportunities.
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