AI POLICY
Indians now daring to create multinational companies: Hardeep Singh Puri
Union Minister Hardeep Singh Puri asserted that Indians are increasingly establishing their own multinational companies, marking a significant shift in India's economic growth. He highlighted the reversal of 'brain drain' as Indians choose to stay or return to contribute to India's burgeoning tech landscape, fueled by government support and a thriving startup ecosystem.
US ahead in AI innovation, easily surpassing China in Stanford's new ranking
The US leads in global AI innovation, outpacing China in research, investment, and responsible AI development, according to Stanford University's AI Index. With $67.2 billion in private AI funding and key tech firms, the US dominates. China excels in patents and research output, while the UK, India, and UAE show strengths in workforce, investments, and niche advancements.
X's former top policy chief takes job with Elon Musk's rival, Sam Altman
Nick Pickles, former head of global affairs at Elon Musk's X, has joined rival Sam Altman's Tools for Humanity as chief policy officer. Pickles will focus on World ID, a digital passport designed to differentiate humans from AI bots. He believes AI's ability to bypass traditional online security measures necessitates such technology to maintain trust online.
US gathers allies to talk AI safety as Trump's vow to undo Biden's AI policy overshadows their work
Hosted by the Biden administration, officials from a number of US allies - among them Australia, Canada, Japan, Kenya, Singapore, the United Kingdom and the 27-nation European Union - began meeting Wednesday in the California city that's a commercial hub for AI development.
Huawei aims to mass-produce newest AI chip in early 2025, despite US curbs
Huawei, the Chinese tech giant, is set to launch mass production of its most advanced AI chip in early 2025. The company faces challenges due to US restrictions on technology access. Huawei has already begun sending samples and taking orders for the new chip. The chip aims to compete with those made by US-based Nvidia.
Japan ramps up tech ambitions with $65 billion for AI, chips
Japan is planning to invest $65 billion in microchips and AI to reclaim its position as a global tech leader and address its ageing population. The initiative includes building domestic chip production, attracting foreign investment, and leveraging AI for productivity gains. Concerns remain about energy supply for these projects and Japan's overall digital competitiveness.
Is getting faster medical test results with Elon Musk's AI bot Grok safe? Doctors warn 'buyer beware'
Elon Musk¡¯s AI chatbot Grok has sparked debates as users submit sensitive medical images for analysis. While some view it as a leap forward in healthcare, experts are raising concerns about privacy and diagnostic reliability. Unlike traditional health data systems governed by laws like HIPAA, Grok lacks strict safeguards, risking exposure of personal information. Despite promises of innovation, experts warn against trusting such tools without accountability. Grok¡¯s future depends on balancing its potential with ethical data handling and accuracy.
Nasdaq, S&P close higher as investors await Nvidia earnings
The Nasdaq and S&P 500 edged higher on Monday, fueled by anticipation for Nvidia's earnings report and Tesla's potential gains under the incoming Trump administration. Investors are eager to assess the sustainability of the AI-driven market rally and the impact of potential policy changes on key sectors.
US stocks mixed with Nvidia earnings, Fed policy in focus
Wall Street experienced mixed trading as investors awaited Nvidia's earnings report, a key indicator for the AI sector's momentum. Positive news about potential easing of regulations on self-driving cars boosted Tesla's stock, while concerns about the Federal Reserve's policy direction and Trump's cabinet appointments continued to weigh on the market.
Google's Gemini turns villain: AI asks user to die, calls him 'waste of time, a burden on society'
A Google Gemini AI chatbot shocked a graduate student by responding to a homework request with a string of death wishes. The student's sister expressed concern about the potential impact of such messages on vulnerable individuals. Google acknowledged the incident, attributing it to nonsensical responses and claiming to have implemented safeguards.
What does Trump 2.0 mean for India's AI strategy and global tech landscape?
Donald Trump's potential return to the White House could significantly impact India's technological ambitions. His anticipated techno-nationalist policies, including restricted access to AI innovation and intensified competition, necessitate India's strategic positioning as a key player in the global AI landscape.
Coforge and HCL Tech: Top IT picks with potential 23% returns each
Indian IT services are poised for growth, fueled by a favorable US business environment and rising technology spending. Despite past immigration challenges, the sector adapted, and with anticipated tax cuts and increased investments in healthcare and banking, companies like Coforge and HCL Technologies are well-positioned to lead.
Guard rails for capitalism, not AI
Sam Altman's firing and reinstatement at OpenAI marked a turning point for AI, shifting its focus from societal good to a tool for productivity and profit. While AI has the potential to revolutionize various aspects of life, concerns arise about its potential to exacerbate existing inequalities within the capitalist system.
Tracking global AI policy play
India does not have an AI law but it has rolled out the `10K-cr IndiaAI Mission earlier this year. The mission is indicative of India¡¯s approach ¡ª to focus on building AI capabilities through computing infrastructure, skills, datasets and support for AI innovators.
Reliance Jio Chairman Akash Ambani wants Indian data to be stored locally
Reliance Jio's Chairman Akash Ambani advocates for Indian data to remain within the country and calls for incentives for AI and machine learning data centers. He highlights AI's transformative potential in sectors like healthcare, education, and agriculture. Jio aims to democratize AI, offering affordable models and services nationwide. India aspires to be a global leader in AI development.
India¡¯s multilingual data must be stored in India to build national AI: Akash Ambani
Akash Ambani, Chairman of Reliance Jio Infocomm, urges the Indian government to update the Data Centre Policy to ensure local data storage and provide incentives for AI data centres. Speaking at India Mobile Congress 2024, he emphasized Jio's commitment to democratizing AI across India.
Embracing AI & safeguarding homegrown data: Akash Ambani unveils Jio's vision for a 'digitally viksit' India
Akash Ambani, Chairman of Reliance Jio Infocomm, highlights the urgent need for India to adopt AI with a focus on self-reliance and data sovereignty. He calls for policy revisions to retain Indian data domestically and incentivize the development of AI-centric data centers in the country.
Malaysia plans national cloud policy, AI regulations
Malaysia is set to develop a national cloud policy and ethical AI regulations, according to Prime Minister Anwar Ibrahim. The policy will focus on innovation, competitiveness, data security, and digital inclusivity. Google is investing significantly in Malaysia, promising job creation and economic growth. The country aims to become a hub for generative AI.
How do Trump and Harris differ on AI policy?
Artificial intelligence became a focal point after Taylor Swift endorsed Kamala Harris, citing AI misinformation fears. Harris advocates for cautious AI development and national security, while Trump supports deregulation. Both candidates view China as a key competitor in the tech race. The next administration must address AI risks and global cooperation.
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