MITS COMPUTER SCIENCE AND ARTIFICIAL INTELLIGENCE LAB
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.
After Elon Musk's Neuralink project, China develops robots with lab-grown human brains. Will it replace humans?
China has developed an innovative robot with a lab-grown human brain, aiming to create hybrid machines for complex tasks. This technology integrates human stem cells with neural interface chips.
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.
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.
AI drinks energy up - quantum computing will work to our advantage, but the tech is new
The rapid advancement of computing over the past 70 years, driven by increases in computing power, has revolutionized various sectors such as banking, communication, healthcare, product design, and warfare. Semiconductor chip technology plays a crucial role in this growth. However, the future of computing faces a significant challenge due to the increasing power needs of AI innovations like ChatGPT. This surge in demand poses a threat to the sustainability of global energy resources and the environment.
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What the arrival of AI phones and computers means for our data
Apple, Microsoft, and Google are leading the way in the development of artificially intelligent smartphones and computers, requiring more user data for tasks like photo editing and call monitoring. This raises privacy concerns as AI needs access to personal data across devices and apps.
Quidich Innovation Labs secures funding from Centre Court Capital
Quidich will use newly raised funds to expand its reach across new sports and geographies, as well as furthur developing its technology stack. Founded in 2013, the company has collaborated with Board of Control for Cricket in India (BCCI), International Cricket Council (ICC), Channel 7 in Australia among others.
How data, AI tech and quantum computing are shaping the future of work
Half of global GDP likely to be digitised by 2025. Every key sector in the country now be it BFSI, healthcare or digital natives is embracing AI.Quantum computing will be the next big technology to watch out for with the impact it can make in fields like drug discovery and material sciences.
IPO Calendar: Ixigo's Rs 740 crore issue, 4 listings on primary market radar next week
The IPO of Le Travenues Technology which operates the travel platform Ixigo is set to launch on June 10, along with Kronox Labs' debut. Analysts foresee a surge in IPO activity in the coming days.
TCS launches GenAI platform WisdomNext
Tata Consultancy Services (TCS) launched the Gen AI platform WisdomNext, aggregating multiple GenAI technologies. The platform helps companies adopt next-gen technology, lower costs, and operate within a regulatory framework.
Despite AI's dominance in tech world, demand for computer science graduates going up. Know reasons
AI is now almost a part of everything, including content writing, coding, chatting, weather prediction, journalism, talent acquisition and much more. However, the interest in studying computer science is not ceasing as universities across different parts of the world are receiving ever-increasing applications for the subject.
IIT-B partners with TCS to build India's first quantum diamond microchip imager
IIT Bombay and TCS collaborate to develop India's first quantum diamond microchip imager, crucial for semiconductor chip examination, with the potential to revolutionize various industries.
Elon Musk predicts artificial intelligence will make jobs 'optional' in future
Speaking at a startup and tech event in Paris on Thursday, Musk said, "Probably none of us will have a job,". Elon Musk was speaking remotely via webcam at the Viva Tech event where he predicted a future where jobs would be "optional."
ChatGPT is now better than ever at faking human emotion and behaviour
OpenAI launched GPT-4o, an advanced version of the ChatGPT chatbot, emphasizing its natural engagement and human-like personality. The AI system showcases voice conversations, humor, empathy, and an ability to respond to users' emotions. However, concerns arise regarding the ethical implications of creating AI with simulated emotional intelligence. The introduction of GPT-4o and Google's Project Astra showcases advancements in AI capabilities, including multimodal functions.
TIPS 4.0 sparks deeptech innovation: Over 40 deeptech startups garner funding commitments
The 4th National Workshop on Technology Innovation in Cyber-Physical Systems was hosted by the Technology Innovation Hub for IoT & IoE (TIH-IoT) at IIT Bombay.
Pine Labs-owned Setu teams up with Sarvam AI to build LLM for financial services
Pine Labs developed Sesame, a large language model for BFSI in India, with Setu and Sarvam AI. Sesame leverages financial data for credit underwriting, fraud detection, loan monitoring, and finance advice, emphasizing the account aggregator framework and Applied AI.
Nervous about falling behind the GOP, Democrats are wrestling with how to use AI
Still smarting from being outmaneuvered on social media by Donald Trump and his allies in 2016, Democratic strategists said they are nevertheless treading carefully in embracing tools that trouble experts in disinformation. So far, Democrats said they are primarily using AI to help them find and motivate voters and better identify and overcome deceptive content.
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.
Stanford AI leader Fei-Fei Li building 'spatial intelligence' startup
Li, considered a pioneer in the AI field, raised money for the company in a recent seed funding round. Investors included Silicon Valley venture firm Andreessen Horowitz, three of the sources said, and Radical Ventures, a Canadian firm she joined as a scientific partner last year, according to two others.
Influencer predicts tough times ahead for techies, says software engineering no longer a guarantee of success and wealth
Tech engineering faces challenges with mass layoffs by tech giants like Microsoft and Google, prompting Deedy Das, a prominent tech influencer, to warn of an impending "winter" for the industry. Despite technological advancements, job opportunities dwindle, with startups favoring experienced hires over fresh graduates. Deedy highlights AI's threat to traditional roles, signaling a prolonged period of uncertainty in tech engineering's future.
Is it possible to make an artificial brain with AI? Breakthrough achieved, know in detail
An artificial brain is a complete set of software and hardware with cognitive abilities similar to those of the animal or human brain. Neuroscientists across the world are trying to understand how the human brain works, known as cognitive neuroscience.
Friends from the old neighborhood turn rivals in Big Tech's AI race
Microsoft's push into artificial intelligence with its partner, OpenAI, the maker of ChatGPT, has rattled Google. The two companies are now fighting to control what many experts see as the next dominant computing platform, a battlefield as important as the web browser and the smartphone before it. Hassabis is driving the creation of Google's AI technology, while Suleyman works to put Microsoft's AI in the hands of everyday people.
Can your organisation afford to overlook AI integration?
Enterprises are embracing AI for sustainability and growth. AI drives efficiency, insights, and innovation through automation and data analysis. Hewlett Packard Enterprise (HPE) provides comprehensive AI solutions and expert guidance to accelerate successful AI integration.
First major attempts to regulate AI face headwinds from all sides
Lawmakers are tackling AI bias challenges with impact assessments, supported by industry groups like TechNet. Concerns exist over companies self-reporting discrimination risks, highlighting the need for transparency and accountability.
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.
Astera Labs shares jump over 70% in stellar Nasdaq debut
The stock traded as high as $63.50, after opening at $52.56 each, versus its initial public offering (IPO) price of $36 apiece. The stock was last up 69% at $60.88.
Munich AI accord: Global tech companies forge alliance to combat misinformation in elections
Experts globally have warned that AI-generated misinformation could subvert electoral processes. In India, poll-bound states last year saw deepfake videos, for instance, of sitting ministers appealing voters to vote for the opposition.
AI system learnt, recreated award-winning chemical reactions in lab on its own, study describes
'Coscientist' was able to pull off pertains to organic chemistry and is known as palladium-catalysed cross couplings, which in 2010 earned its human inventors the Nobel Prize for Chemistry in recognition of the role of these reactions in pharmaceutical development process.
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