INTELLIGENT TRAFFIC MANAGEMENT SYSTEM
Odisha Police to use AI for traffic, crowd management during Lord Jagannath Rath Yatra
Odisha Police will use AI, CCTV cameras, and drones for traffic management during the Lord Jagannath Rath Yatra on July 7 in Puri. Additional DGP Dayal Gangwar mentioned the pilot project. Bhubaneswar artist L Eswar Rao crafted eco-friendly chariots using incense sticks and tamarind seeds, blending tradition, technology, and art.
Why is Amazon building a 'top secret' $2 billion cloud for Australia's military intelligence?
Amazon's AUSD 2 billion deal will establish a Top Secret Cloud for the Australian Signals Directorate by 2027, generating 2,000 jobs and three data centres. Supported by leaders Albanese and Noble's REDSPICE program, AWS's reliable system enhances national security and international collaboration, while the Australian government retains data control over sensitive military 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.
Satellite images reveal the presence of Chinese spy bases in Cuba. Should the US be concerned?
A report by a think-tank based out of the US analyzed satellite images from Cuba which revealed the presence of Chinese spying facilities. This is a direct threat to the US. Law makers have urged the Biden administration to tackle this threat.
Persistent Systems buys US software firm Starfish Associates for Rs 173 crore
Persistent Systems said in a statement, "Known for its cutting-edge Enterprise Communications automation platform, Starfish Associates caters to the world’s largest enterprises including many Fortune 500 companies." Following the acquisition announcement on Wednesday morning, Persistent’s stock hit a 52-week high to 4,596 apiece rising over 2% on the BSE.
Aerospike appoints Venkatesh Guntur as country manager for Southeast Asia
California-based Aerospike has appointed Venkatesh Guntur as its new country manager for Southeast Asia. Guntur, with over 25 years in enterprise IT sales, will lead the firm's growth and expansion in the ASEAN region, focusing on enhancing its presence in AI-centric business applications.
- Go To Page 1
The voices of AI are telling us a lot
AI voices evolve from cinematic stereotypes to diverse choices, impacting user preferences.
AI's hunger for power can be tamed
Tech firms investing in AI must prioritize energy-efficient algorithms to combat environmental impact and rising power consumption, shifting away from current energy-intensive models towards more sustainable practices.
AI startup EvolutionaryScale raises $142 million to advance tech in biology
Calling it a "ChatGPT moment for biology," Lux Capital cofounder and managing partner Josh Wolfe told the company has developed the first large language model for creating novel proteins and other biological systems.
Mumbai's first underground metro to launch in July; All you need know about it
Mumbai's first underground metro line, launching in July, will span 33.5 km and include 27 stations, primarily underground. The Delhi Metro Rail Corporation (DMRC) will manage operations. The metro will operate from 6:30 am to 11:00 pm, with trains every few minutes, reaching speeds of 90 km per hour. This project, covering a total of 56 km, aims to significantly reduce the city's traffic congestion. The second phase is anticipated to complete within eight months.
RBI strikes against UPI, digital payment fraud, plans to set up a digital payment intelligence platform
Fight against digital payment frauds: The RBI proposes a digital payments intelligence platform to combat a surge in digital payment frauds. Fraud cases reported to the RBI jumped 300% to 36,000 in FY23 compared to FY22, highlighting the need for a system-wide approach. The central bank forms a committee that will examine setting up this infrastructure to facilitate real-time data sharing across the digital payments ecosystem.
Mumbai Airport Shock: IndiGo lands while Air India takes off, here's what went wrong
A close call occurred at Mumbai Airport when an IndiGo flight landed while an Air India plane was taking off, breaching the safety margin. Both airlines claimed they were following Air Traffic Control (ATC) clearances, highlighting the challenges faced by pilots and controllers in managing heavy traffic at the airport's single operational runway.
ET Circle: Cyril Shroff’s time-honoured lessons in law, legacy, and leadership and crafting timeless institutions
In this episode of the ET Circle multimedia series, discover what differentiates leading a legal services firm compared to a conventional business, the significance of a value system for building institutions that outlive physical assets, and enduring leadership lessons that blend the purity of purpose with resilience, the spirit to absorb adversities, and the vision to lead with empathy. Learn these invaluable insights from none other than Cyril Shroff, the Managing Partner at Cyril Amarchand Mangaldas, a legal services firm with a rich heritage spanning over a century.
RBI's proposed digital payments intelligence platform will mitigate frauds, say experts
The Reserve Bank's proposal to establish a digital payments intelligence platform aims to combat fraud and enhance consumer trust. A committee led by A P Hota will assess the creation of this platform, leveraging advanced technologies to mitigate payment fraud risks.
Google's AI search leaves publishers scrambling
The New York Times article discusses concerns from publishing executives like Frank Pine regarding Google's AI-generated summaries, emphasizing the impact on traffic and the need for direct reader relationships to reduce reliance on search engines.
US is slowing AI chip exports to Middle East by Nvidia, AMD
In October, the Commerce Department added much of the Middle East to chip export restrictions that originally focused on China and a handful of other foreign adversaries. That meant companies needed a special US government license to ship cutting-edge semiconductors and chipmaking tools to countries such as Saudi Arabia and the UAE.
How Jocata is helping financial services industry move from legacy systems to AI-powered solutions
Jocata’s low-code platform is driving the future of enterprise lending and embedded finance, says Prashant Muddu, Managing Director & CEO.
To AI or not to AI? Why artificial intelligence deciding your loan application makes regulators nervous
AI & ML are now ubiquitous in banks and financial institutions as it helps the companies improve credit assessment and reduce frauds. Though these models have some risks — and the regulators are rightfully concerned — the good news is these can be resolved without much trouble.
Efkon-Strabag join hands with leading IITs
Efkon-Strabag, a prominent provider of smart infrastructure solutions in India, has formed partnerships with renowned institutions including IIT Bombay, IIT Mandi, and IIT Roorkee to spearhead advancements in transportation systems, landslide management, and road safety awareness. Collaborating with IIT Bombay, the focus is on enhancing knowledge management, joint projects, and engagement activities, with an emphasis on innovation in transportation systems through research on Intelligent Transportation Systems (ITS) and skill-building programs for students.
Bumpy roads vs beautiful flyovers: What's stopping Delhi from becoming a world-class city?
Delhi's 2023 budget aimed to upgrade 1,400km of roads with Rs 22,000 crore, managed by PWD. Kejriwal's vision led to pilot projects. The 10-year maintenance plan is restructured. Municipal Corporation of Delhi oversees colony roads. Agencies focus on beautification but neglect road repair and signage importance. Tree plantation and road strengthening are prioritized.
Got your digital doppelganger yet?
Last year, Wall Street Journal columnist Joanna Stern wrote an article, 'I Cloned Myself With AI. She Fooled My Bank and My Family'. Even though AI Joanna was able to trick the voice biometric system on her credit card, the automated system asked for additional verification when a video intern for WSJ called and did her best Joanna impression.
Apple cofounder Wozniak's space startup Privateer buys Orbital Insight, raises $56.5 million
Privateer, founded in 2021 to help satellite operators navigate in Earth's increasingly crowded orbit, closed its Series A funding round in April, led by space-focused venture capital firm Aero X Ventures with other investors including Luxe Capital, Boca, Starburst, and the Winklevoss twins. The news is expected to be announced later on Monday.
Time to unlink size and agility: 6 not-so-large IT stocks operating in niche areas with upside potential of up to 53%
Over the years, there has been some change in how the street looks at IT stocks, but somehow, still there is a perception that large cap companies like TCS, Infy and Wipro, are the ones which give all the indication of what is happening in the IT space. But the reality has been very different. Especially in the last five years, since the time ML and cloud and other speciality segments have come in the software segment. There have been smaller companies which operate in specialized areas who have been able to show much stronger growth at a time when Infy and Wipro’s of the world are under pressure in terms of growth.
ARTPARK: From legged robots to advanced cargo drones, a look at India's first robotics park
ARTPARK, India's pioneering AI and robotics hub established in 2020 within the Indian Institute of Science (IISc) campus, Bengaluru, aims to foster inclusivity and equitable access to technology. With a core focus on innovation, skilling, and industry collaboration, ARTPARK nurtures startups, supports research, and tackles societal challenges. Backed by substantial funding, it's a nexus for developing cutting-edge solutions and driving India's technological advancement.
Integration of AI in modern processes raises complex ethical, legal & practical considerations, says CJI
Justice Chandrachud said while AI presents unprecedented opportunities, it also raises complex challenges, particularly concerning ethics, accountability and bias and addressing these challenges requires a concerted effort from stakeholders worldwide, transcending geographical and institutional boundaries. He was speaking at a two-day conference on technology and dialogue between the Supreme Courts of India and Singapore.
US requiring new AI safeguards for government use, transparency
The Office of Management and Budget issued a directive to federal agencies to monitor, assess and test AI's impacts "on the public, mitigate the risks of algorithmic discrimination, and provide the public with transparency into how the government uses AI." Agencies must also conduct risk assessments and set operational and governance metrics.
Here's why your flights from Mumbai Airport are getting delayed for over 2 hours
Mumbai's Chhatrapati Shivaji Maharaj International Airport is experiencing delays of up to 2 hours in flight operations due to issues with its air traffic radar automation system. The system faced downtime from 3 pm to 5:15 pm, causing a backlog of departing aircraft. The outdated radar system has been plagued by glitches and malfunctions, prompting calls for comprehensive upgrades to ensure efficient and safe air traffic management. In other news, Mumbai Airport Customs seized over 3.70 kilograms of gold worth Rs 1.97 crore in nine separate cases.
Implementation of intelligent transport system to enhance road safety, traffic management, say experts
Road safety experts on Tuesday stressed on the need for urgent implementation of an Intelligent Transport System (ITS) in India, one of the developing countries with a high risk of road accidents and fatalities due to ever-increasing traffic congestion.
Soon, nearly 1,500 cameras will track every traffic movement in Ghaziabad
The Ghaziabad Municipal Corporation (GMC) plans to install 1,455 high-tech cameras under the Smart City project, costing Rs 69.9 crore. The cameras will be placed at 43 busy intersections and roundabouts to improve traffic management and ensure commuter safety. The Intelligent Traffic Management System (ITMS) will integrate various features such as red-light violation detection and automatic number plate readers.
Load More
