OPEN SOURCE TOOL
Gold holds steady as investors focus on US economic data
Gold prices remained stable as investors await U.S. economic data for insights on the Federal Reserve's interest rate decision. The Fed will announce its decision after a two-day meeting starting Nov. 6. Lower rates reduce the opportunity cost of holding gold, making it a safe asset during economic and political uncertainty.
ET Explainer: Is Anthropic faster than OpenAI?
?AI experts and researchers have commended Anthropic¡¯s speed and ability to demonstrate a futuristic product even as its bigger rival OpenAI has built a war chest of $6.6 billion in the recently concluded fund raise.
Meta partners with IT ministry to set up Centre for Generative AI at IIT Jodhpur
The Indian government, in collaboration with Meta, is launching a significant initiative to foster AI research and development in India. This partnership aims to bridge the AI talent gap by establishing the Centre for Generative AI at IIT Jodhpur.
Union Minister Ashwini Vaishnaw meets Meta's chief AI scientist to discuss opportunities in artificial intelligence
Ashwini Vaishnaw, Minister of Information and Broadcasting, on Saturday, met chief AI Scientist of Meta, Yann LeCun to discuss opportunities in the area of artificial intelligence, the minister said in a post on social media X.
Researchers say an AI-powered transcription tool used in hospitals invents things no one ever said
Experts said that such fabrications are problematic because Whisper is being used in a slew of industries worldwide to translate and transcribe interviews, generate text in popular consumer technologies and create subtitles for videos.
Zerodha launches $1-million annual fund to support open source software projects
Zerodha plans to invest between $10,000 and $100,000 in individual projects, with a total commitment of $1 million per year.
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Want to kill grunt work with AI? Careful what you wish for
Generative AI is expected to replace many entry-level jobs, automating tasks like market research and report writing. This could lower costs for businesses but may limit learning opportunities for new graduates. To adapt, higher education may need to prepare students for managing AI tools rather than doing traditional grunt work.
OpenAI asks investors to avoid five AI startups including Ilya Sutskever's SSI
OpenAI received $6.6 billion from global investors including Thrive Capital and Tiger Global, requesting they not fund five key competitors including Anthropic, Elon Musk's xAI, and Safe Superintelligence. This strategy aims to secure exclusive commitments and support its ambitious revenue growth projections to $11.6 billion by 2025.
If your AI seems smarter?, it's thanks to smarter human trainers
AI models like ChatGPT and Cohere now require specialized human trainers with advanced degrees to improve accuracy. Companies such as Invisible Tech provide these trainers, helping reduce errors known as hallucinations. This shift highlights the growing demand for expertise in AI training, transforming it into a well-paid niche.
ED crackdown on betting app; Policybazaar stock swing
Ahead of its much-anticipated IPO, Swiggy shares have seen a 40% surge in the unlisted market since July. This and more in today¡¯s ETtech Top 5.
Geopolitical shifts to be new sources of shocks for central banks: RBI governor Shaktikanta Das
RBI Governor Shaktikanta Das highlighted the challenges posed by geopolitical disturbances and economic fragmentations, emphasizing the need for central banks to adapt swiftly. He also discussed the impact of fintech innovations and advancements in AI on financial stability, stressing the importance of regulation, data security, and ethical considerations.
'Decoding the AI Disruption' panel discussion at ET WLF: Take AI and adapt it to India's needs
India holds immense potential for personalised AI platforms leveraging extensive local data sets, said Nigel Vaz, CEO of Publicis Sapient. The panel discussed AI applications in various sectors including healthcare, education, and traffic management, while flagging infrastructure challenges. Microsoft's Physicswallah and GitHub's Copilot were highlighted as key AI-driven innovations.
Not an open and shut case: India¡¯s balancing act between open and closed-source GenAI models
As India starts to emerge as the use-case capital of GenAI applications, tech leaders and startup founders believe both open and close-sourced technologies have a unique role to play in optimising costs, ensuring data sovereignty and delivering the best performance. ET¡¯s Himanshi Lohchab takes a deep dive on how India weighs in on pros and cons of open versus closed-source GenAI models.
Meta just launched the largest 'open' AI model in history: here's why it matters
Meta, the parent company of Facebook, took up the fight for open-source AI in a big way by releasing a new collection of large AI models. These include a model named Llama 3.1 405B, which Meta's founder and chief executive, Mark Zuckerberg, says is "the first frontier-level open source AI model". In the case of ChatGPT, its parent company, OpenAI, releases neither the dataset nor code of its latest AI tools to the public.
Hugging face's Jeff Boudier discusses India's ascendance in AI development and open-source innovation
India is a leading nation for AI builders, second only to the USA in terms of users of the Hugging Face Hub, Jeff Boudier, chief product and growth officer of Hugging Face says. In his first interaction with Indian media, he talked about the benefits of open-source versus closed-source AI,
Cropin partners with Google¡¯s Gemini to launch agri-intelligence tool
Sage can forecast factors like crop output and weather impact for specific areas based on historical data. Founded in 2010, Cropin is an agriculture-based software-as-a-service (SaaS) startup leveraging AI and predictive analytics to help customers enhance farming efficiency and productivity.
Under Bhashini, IISc to open source 16,000 hours of speech data
Bhashini¡¯s Vaani project, led by IISc-ARTPARK and Google, is open-sourcing 16,000 hours of speech from 80 districts and 150,000 hours from one million people across 773 districts in India. The Gates Foundation funds it. The project records 200 hours per district, supporting AI development in 58 language variants, with Karya assisting data collection.
Alibaba bets on gen AI tools for overseas merchants, executive says
Alibaba's international e-commerce unit is leveraging generative AI tools for translation, content creation, and product returns. VP Kaifu Zhang expresses optimism in AI's potential despite China-U.S. tensions. The unit, with 300 million consumers and over one million merchants globally, has seen significant growth with earnings increasing by 44% in the last quarter.
India can be the great link joining the largest population of developers to AI¡¯s immense possibilities
India is projected to surpass the US as the largest software developer community by 2027, with the digital economy contributing significantly to its overall economy. AI tools are revolutionizing software development, leading to substantial gains in productivity. The country's focus on early education in programming and the promotion of open-source collaboration are key factors driving this growth.
How AI made Mark Zuckerberg popular again in Silicon Valley
Meta's CEO, Mark Zuckerberg, introduced an open-source AI system, challenging closed models like OpenAI. Jeffrey Emanuel, a hacker and AI enthusiast, initially skeptical, was impressed by Meta's move to make the code freely accessible.
India needs open-source AI models for cultural and linguistic representation: IBM
This comment comes as IBM on Tuesday open-sourced a group of its most advanced and performant language and code Granite large language models.
Some AI companies face a new accusation: 'Openwashing'
Proponents of open source AI models say they're more equitable and safer for society, while detractors say they are more likely to be abused for malicious intent. One big hiccup in the debate? There's no agreed-upon definition of what open source AI actually means.
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.
Why a near-miss cyberattack put US officials and the tech industry on edge
German software developer Andres Freund, who works for Microsoft out of San Francisco, discovered that the latest version of the open source software program XZ Utils had been deliberately sabotaged by one of its developers, a move that could have carved out a secret door to millions of servers across the internet.
Keeping AI's future open: A key to ethical and inclusive AI innovation and governance
The rapid evolution of AI presents a unique opportunity to merge cultures, ideas, and knowledge into a unified canvas of innovation. With AI predicted to inject $15.7 tn into the global economy, its role extends beyond economic growth to societal transformation. Policymakers worldwide are focusing on a broader, more inclusive approach to governance that transcends conventional regulatory strategies.
Behind the plot to break Nvidia's grip on AI by targeting software
Now a coalition of tech companies that includes Qualcomm , Google and Intel plans to loosen Nvidia's chokehold by going after the chip giant's secret weapon: the software that keeps developers tied to Nvidia chips.
The great AI debate: Open-source vs proprietary models in global showdown
The development and regulation of AI technologies, such as chatbots, GPTs, and search engines, are causing concern and debate. Geopolitical tensions arise as open-source AI models from China compete with proprietary models from the US and EU. Data privacy laws, consumer data protection, and standardized definitions and regulations for AI are seen as essential.
Experts urge govt to invest in open data, compute for AI leadership
India's success in the global AI race depends on open data, open compute, and open models. The government needs to invest in creating enabling conditions, including solving the compute crunch, supporting startups, and prioritizing critical sectors. Existing frameworks are sufficient to regulate AI.
Open-source developers platform ToolJet raises funding from Microsoft's M12 Fund, GitHub
ToolJet will utilise the investment in workforce expansion and advancing its artificial intelligence (AI) capabilities within the platform, according to the company's statement.
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