ARTIFICIAL INTELLIGENCE
AI boss: You could soon be reporting to an artificial CEO
Google's CEO reveals AI generates over 25% of new code at the company. Panasonic creates an AI clone of its founder for strategic guidance. Zoom's CEO envisions AI avatars attending meetings, reducing the workweek. Delphi's CEO develops a clone for personalised interactions, emphasising augmentation over automation.
MeitY, DoT at work on projects for fair AI development
The ministry of electronics and information technology (MeitY) and the department of telecommunications (DoT) are spearheading multiple initiatives to ensure the responsible development of artificial intelligence (AI) as it becomes ubiquitous across sectors and daily life.
Elon Musk asked people to upload their health data. X users obliged
X users are sharing medical images with Grok, X's AI chatbot, at Elon Musk's suggestion, hoping it will improve diagnostic accuracy. While some users report accurate findings, others have found discrepancies. Privacy experts are concerned about the lack of HIPAA protection for data shared on X, unlike data shared with healthcare providers. Inaccurate results could lead to unnecessary medical interventions.
Govt urges Parliament standing committee on IT to take up social media content vulgarity issue
The minister for information and broadcasting Ashwini Vaishnaw said that the democratic institutions and traditional forms of the press that once relied on editorial checks to ensure accountability and correctness of content had diminished over time with the emergence of social media.
Kaynes Semicon, 7 Rays announce collaboration across chip value chain
The Union cabinet in September approved the fourth OSAT plant in the country, with Kaynes Semicon receiving the go-ahead for its chip assembly and packaging unit.
Nvidia CEO says will balance compliance and tech advances under Trump
The US chipmaking giant this week reported record high quarterly revenue on the back of strong AI chip demand, though investors are wary of US-China tensions reheating during a new Trump term. "Whatever happens, we'll balance simultaneously compliance with laws and policies, continue to advance our technology, and support and serve customers all over the world," Huang told reporters on Saturday.
India must build patents, foundation models and skill deeptech talent: GCC executives
More expertise in artificial intelligence and quantum computing is needed from talents for career readiness said a set of panellists at the Bengaluru Tech Summit 2024. ¡°The AI patents filed until the beginning of 2023, 60% came from China, 20% from the US and India¡¯s number is 0.25%. And that is an area of work that Indian GCCs have to really invest and amp up the innovation factor,¡± said Milesh J, vice president, head of strategy & operations at SAP.
India, Brazil and South Africa agrees to use digital public infra and AI to bridge global inequality gap
This declaration, endorsed by several G20 countries, guest nations, and international organisations, underscores the potential of technology to bridge global inequalities and accelerate progress toward the Sustainable Development Goals (SDGs).
UK clears Google parent and Anthropic partnership
Britain's competition regulator on Tuesday cleared Google-parent Alphabet's investment in Anthropic, an American developer of artificial intelligence, following a probe. It also cleared the way for a tie-up between US giant Microsoft and French artificial intelligence firm Mistral AI, concluding it did not amount to a merger. ajb/bcp/db
Nvidia's options primed for $300 billion price swing after earnings
According to data from options analytics service ORATS, Nvidia options predicted an 8.5% swing in either direction for the shares which will be announced once the markets are closed. This is in keeping with the trend observed in percentage moves over the last 12 quarters.
Think out of the box, adapt to changing tech landscape: CAG tells officers
??With the increasing use of AI and emerging technologies to provide services, he said there are numerous risks, ranging from privacy breaches and algorithmic biases to social exclusion.
Samsung Electronics plans $7.2 billion buyback after share price plunges
The board of directors will decide on ways to enhance shareholder value, including when and how to use the remaining seven trillion in the repurchase programme, it said in a statement. In the short term, the decision would likely help Samsung's share performance, but the company needs concrete business plans to better support its share performance, analysts said.
Lenovo plans global factory expansion as Q2 results beat; eyes AI growth
While China remains its main manufacturing base, Lenovo operates more than 30 factories in nine different markets. The company plans to open facilities in Saudi Arabia following a major investment deal with the kingdom's Public Investment Fund, Chairman Yang said.
SoftBank to get first new Nvidia chips for Japan supercomputer
The announcement indicates that SoftBank has secured a favorable spot in line for Nvidia chips. Nvidia CEO Jensen Huang announced the new Blackwell lineup earlier this year, but production snags slowed the rollout.
CloudFirst Technology? Private Limited Announces the Launch of CloudFirst AI Factory!
CloudFirst Technology? has launched its AI Factory, a dedicated space for developing and expanding its artificial intelligence services. The company aims to leverage AI technology to create practical solutions that address real-world challenges and drive positive change across industries.
SoftBank expected to book $1.87 billion profit on IPOs
Analysts are also looking out for signs of new investment momentum driven by SoftBank's robust balance sheet and management's bullish stance on artificial intelligence (AI).
Perplexity raising new funds at $9 billion valuation: sources
Perplexity is set to raise $500 million in the new funding round led by venture capital firm Institutional Venture Partners (IVP), which also holds a board seat in the startup.
SaaS major Salesforce India hits $1 billion milestone, expands AI-driven growth
There are over 2 million Salesforce developers in India, making it the second-largest community on the Salesforce platform outside of the US. It has about 13,000 employees in India, having added 3,000 over the past year.
US regulators reject amended interconnect agreement for Amazon data center
Members of the Federal Energy Regulatory Commission said the agreement to increase the capacity of the data center located on the site of Talen Energy's Susquehanna nuclear generating facility could raise power bills for the public and affect the grid's reliability.
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