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Large action models gearing up to turn AI’s promise into action
Rabbit’s R1, the world’s first LAM-powered device, is set to start shipping in a week and tech biggies like Microsoft and Salesforce investing in this cutting edge technology. LAMs can be ‘revolutionary’ and bring significant business gains, experts said. AI making choices on the behalf of consumers will, however, also add further complexity to business decision-making.
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Enterprises can overcome the challenge of unifying transactional messages
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Top companies back move to set up open cloud compute network
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Apple may have cancelled another ‘pricey project’, job cuts feared
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India is the next big playground for AI: Samsung VC, CEO JH Han
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Cognizant unveils GenAI-powered innovation assistant
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Club Med integrates AI into its operations
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GenAI can be a gamechanger for tax compliance: PwC study
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Suhail Ghai on how Max Life Insurance, Rohit Sharma score big with AI Innovation
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Valeo joins hands with Google Cloud for generative AI tools and solutions
The use of Google Cloud’s gen AI solutions will help enable Valeo teams to speed up and simplify every facet of the digital innovation process within the company, with the potential for not just more responsive product development, but also end-to-end efficiency gains throughout its operations.
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We aim to monetize digital assets created: CTO Aan Chauhan, LTIMindtree
LTIMindtree is developing two key offerings on their platform – LTIM Canvas.ai lite and LTIM Canvas.ai control plane. These would help address the growing need to leverage AI for insights-led decisions across business processes.
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Schneider Electric joins hands with NVIDIA to optimize data center infrastructure
In the first phase of this collaboration, Schneider Electric will introduce cutting-edge data center reference designs tailored for NVIDIA accelerated computing clusters and built for data processing, engineering simulation, electronic design automation, computer-aided drug design and generative AI.
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Innovating with intuition: Enhancing healthcare with multimodal AI
Digitization of hospitals and diagnostic centres has allowed us to have easy access to historical medical records. Moreover, several apps enable us to track our daily routines, dietary intake, and exercise patterns, while providing convenient access to genetic data that empowers physicians to develop tailored treatment strategies. It means diagnoses are more accurate, and treatments are tailored specifically to each patient. In fact, there are many health & fitness specialists who use this holistic data to help their clients improve health effectively.
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Musk's xAI to launch improved version of chatbot
The startup said one of the most notable improvements in the new version is its performance in coding and math-related tasks.
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India data center capacity to double in 3 years, capex requirement Rs 50,000 crore
Indian data center industry set to double capacity with substantial investments. High mobile data usage. Rising cost per MW. Industry players see revenue growth. New players expected to enter. Exciting times ahead for the sector.
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Amazon pours an additional $2.75 billion into AI startup Anthropic
The Seattle-based tech giant made an initial investment of $1.25 billion in Anthropic in September and indicated then it had plans to invest up to $4 billion.
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Databricks finds India on a different trajectory, invests more
Databricks, under CEO Ali Ghodsi, prioritizes India for investments to support startups with data solutions. The Mumbai infrastructure serves major clients, contributing to the company's $43 billion valuation.
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AI jobs grow twice as fast as other digital roles
For those with 10-15 years of AI/ML experience, salaries go up to between Rs 44 lakh and Rs 96 lakh. Bahadur said AI/ML specialists are expected to get a 12.5% salary increment this year, compared to the expected 9% for the rest of India Inc. HR solutions firm Teamlease said AI and ML roles fetch a salary premium of between 10-15% over other tech roles. In some cases, the premium goes up to 50%.
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Stability AI CEO Emad Mostaque exits startup ‘hollowed out’ by departures, mismanagement
Stability AI CEO Mostaque resigns, leaving a turbulent legacy. The startup grapples with leadership changes, financial strains, and operational hurdles. Uncertain future looms despite efforts to pivot and stabilize amidst fierce competition in the AI landscape.
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Apple to reportedly unveil AI App Store at WWDC 2024
WWDC 2024 date undisclosed. AI App Store launch speculated, featuring AI apps purchase details and potential collaboration with Google, Baidu for AI services.
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Adobe collaborating to develop industry standards on GenAI: CEO Shantanu Narayen
Adobe, under CEO Narayen, advances generative AI standards with GenStudio app. Expanding campaign capabilities, including image generation with Firefly, audio, video, and 3D model generation. Also introduces Adobe Experience Platform AI Assistant for customer journey mapping.
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AI, robots, drones: How Amazon is working to 'change' how people buy medicines
Amazon Pharmacy uses AI for efficient prescription delivery, ensuring patient safety with pharmacist verification. Robotic arms expedite processing, and a new fulfilment system streamlines operations for quick medication delivery.
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Riding the premiumization wave
Cracking the code to successful upselling hinges on truly knowing your customers. Delving into their wants, needs, and preferences establishes a bedrock of trust in the client-business relationship.
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TCS may offer 7-8% average salary hikes, increments likely to be effective April 1
TCS to increase salaries in 2024-25, with high performers expecting 12-15% increments. Promotions may face delays due to cost concerns. UBS predicts TCS leading in revenue growth and margin improvement.
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Indian talent key to GCCs’ product roadmap
India has a talent base of over 160,000 product management professionals, with Bengaluru, NCR, and Mumbai accounting for two-thirds of the product management talent.
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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.
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Canadian firm launches AI-powered ETF targeting AI investments
AI has been a white-hot investment theme for the last year or more, and ETF issuers have eagerly rolled out new AI-focused funds to meet investor demand.