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Wary Paytm to avoid regulated biz; Foxconn to make AI servers in India
Happy Friday! Paytm is steering clear of regulated businesses and will instead focus on building a strong distribution network. This and more in today's ETtech Morning Dispatch.
After iPhone, Foxconn’s next big revenue project in India is AI servers
Contract manufacturer Foxconn said it has plans to begin manufacturing AI servers—the high-performance computing engines that train and run artificial intelligence (AI) models—at its Indian facilities, sources told ET.
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 PC demand to pick up from 2025 once use cases emerge
The demand for AI laptops and desktops in India is projected to increase in 2025 as use-cases solidify and people integrate AI into regular workflows, according to industry experts.
AI startup Etched raises $120 million to develop specialised chip
The San Francisco-based company aims to make a specialised processor tuned to run a specific kind of AI model that is widely used by OpenAI's ChatGPT and Google Gemini.
Amid NEET, NET exam mess, UPSC moots AI-based CCTV surveillance to prevent cheating
Amid controversies over NEET and NET exam irregularities, UPSC plans to implement facial recognition and AI-based CCTV systems to prevent cheating. The initiative aims to ensure fair exams for about 26 lakh candidates annually. A tender seeks solutions for biometric authentication and real-time surveillance to enhance the examination process.
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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.
Welcome to the era of the AI smartphone
Apple and Google are set to release major software updates this fall, focusing on reinventing smartphones with artificial intelligence. Apple announced enhancements to iOS 18, including a revamped Siri powered by Apple Intelligence. Google introduced Gemini Nano, an AI assistant for Pixel phones. Both companies are aiming to improve messaging capabilities between iPhones and Androids.
Apple unveils big AI push; embeds ChatGPT into iPhones, Siri
Apple announced Apple Intelligence at its annual developer conference, integrating AI features developed in-house and by OpenAI. The Cupertino-based company aims to embed the technology across iPhone, iPads, and MacBooks, leveraging Apple Silicon for personalized, contextual results.
Welcome to the era of the AI smartphone
At its annual software developer conference Monday, Apple showed a host of enhancements coming this fall to iOS 18, its operating system powering iPhones. The new tools include a revamped version of its voice assistant, Siri, that is easier to talk to and an AI system that will generate images, create summaries of web articles and craft responses to text messages and emails.
Nvidia hitting $3 trillion propels Jensen Huang’s wealth above Michael Dell’s
On Friday, Huang reached another milestone, surpassing personal computer pioneer Michael Dell to become the world's 13th-richest person with a net worth of $106.1 billion, according to the Bloomberg Billionaires Index. His wealth has increased by more than $62 billion this year, driven by the insatiable demand for Nvidia chips used in artificial intelligence tasks.
New-age stocks recover post poll results; Ixigo IPO launch
A day after election results, shares of new-age companies like Zomato and Delhivery made a sharp recovery on the bourses. A look at the numbers and more in today’s ETtech Top 5.
Google tests new AI scam call detection feature amid rising cyber crime
Google is testing a new AI-based scam call detection feature. However, its legality is in question, as profiling callers based on conversation content without their consent is not permitted in India. In 2021, one scammer in India was responsible for 202 mn scam calls, which is about 27,000 fraud attempts every hour.
Dell shares slump 18% as heavy AI investments expected to dent margin
Dell's stock is projected to lose over $21 billion in market value, despite having experienced a remarkable 80% surge earlier this year. The company, like many others, has made significant investments in advanced server hardware to accommodate the growing demand for complex artificial intelligence processing.
AI could be the defining technology of our lifetime: Puneet Chandok, Microsoft India
I think it is already becoming part of daily life. For example, if you look at the co-pilots, which is an AI agent that Microsoft has across the Microsoft stack, it is part of my daily life. I start every morning by co-pilot, are there any urgent emails I should look at? Can you summarise all the chats? Can you summarise all my meetings and send the actions out? It is already a part of my daily life and it is very early. It is very-very early. These models are getting smarter every day, they are getting cheaper every day.
DoT reassures telcos over data shift to Amazon Web Services
The Department of Telecommunications (DoT) faced backlash from mobile phone companies over plans to migrate its digital intelligence platform (DIP) to Amazon Web Services (AWS) from servers run by BSNL and C-DoT. The move was criticized for compromising consumer privacy. However, DoT clarified that critical subscriber database records won't be stored on AWS, easing concerns. The DIP is crucial for fighting cybercrimes and fraud, facilitating real-time intelligence sharing among stakeholders. The shift aims to address data surge challenges, with AWS being an approved vendor of MeitY, hosting CoWIN data.
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.
As many as 17 firms under IT hardware PLI to start production this year: IT Secretary
Most IT hardware PLI scheme participants, including major players like Dell and HP, are set to commence production this year, according to a Ministry of Electronics and IT official. 17 out of 27 selected companies are expected to begin production, with the India AI Mission prioritizing domestic firms.
LLM for BFSI sector, personal AI server launched
Indian AI startups introduced innovative AI models and products at Adbhut India. The event highlighted diverse applications, including large language models, voice-enabled systems, and AI tools for various sectors, showcasing India's potential as an AI use case capital.
Bhavish Aggarwal's Krutrim AI launches mobile app, opens up cloud infra for businesses
Krutrim AI, an artificial intelligence (AI) startup founded by Ola Electric's Bhavish Aggarwal, has opened up its cloud for entrepreneurs and developers. Aggarwal said this will help businesses build products without depending on western cloud solutions.
Intel shares slump over 12% as AI competition hurts forecast
Intel shares slumped more than 12% on Friday after a downbeat forecast signaled that the boom in AI was diverting enterprise spending away from its traditional data center chips.
Intel forecast misses estimates; shares tumble
Intel predicts lower Q2 revenue and profit, shares down 8%. Weak demand for data center, PC chips. Nvidia leads AI market. Gelsinger optimistic about Intel rebound.
Microsoft and OpenAI planning $100 billion data center project: report
Microsoft and OpenAI are planning a data center project that could cost as much as $100 billion, and will include an artificial intelligence supercomputer called "Stargate", the Information reported on Friday.
India’s IT will be the ‘front-office’ of world’s AI revolution: Nvidia's Jensen Huang
Nvidia CEO Jensen Huang said that his conversations with Prime Minister Narendra Modi highlight India’s need to become a part of AI value addition rather than just exporting India’s data to train super-sized large language models.
Lenovo bets big on AI to fuel India's growth at Tech World India 2024
Lenovo's 'AI for All' vision at Tech World India 2024 showcased innovative AI-powered devices, immersive gaming experiences, and plans for servers manufacturing in India, exemplifying the company's commitment to democratizing AI and shaping a smarter future for all.
Wall St see-saws after rally on AI boost, inflation relief
The S&P 500 energy sector was the top sectoral performer with a 1.1% rise, as crude prices got a lift. "Now that we've gotten through the PCE (report), investors are willing to sit on the sidelines a little bit today," said Paul Nolte, senior wealth advisor and market strategist for Murphy & Sylvest.
Microsoft develops AI server gear to lessen reliance on Nvidia: report
Microsoft is developing a new network card that could improve the performance of its Maia AI server chip and potentially reduce its reliance on chip designer Nvidia, according to a report in the Information on Tuesday.
India an outlier for Lenovo, outpaces markets like Japan, says top executive
Lenovo plans to add manufacturing capacity in India which is the Chinese major's most important international market and export from there too. Lenovo India managing director Shailendra Katyal said that the India market still has an upside due to low household penetration of PCs ranging around 10-12%, which is set to increase dramatically.
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