ARTIFICIAL INTELLIGENCE

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• Apple working on own AI chips for data centers: Report

  As the race for artificial intelligence (AI) chips intensifies, Apple has joined the bandwagon and is now reportedly working on its own chips for data centers.

  

• Embrace next-gen data management to leverage emerging technologies

  It is a data-driven world and data is the new oil. In order to leverage this valuable asset, organizations need the next generation of data management system that embraces a distributed data structure across on-premise, hybrid, and multi-cloud environments. This new system should use a logical-model approach to integrate and manage data. This will also be crucial for organizations looking to leverage emergent technologies such as artificial intelligence and automating manual tasks. Muqbil Ahmar, Executive Editor, ETCIO spoke with Ravi Shankar, Senior Vice President and Chief Marketing Officer, Denodo on how a robust data management system is the only way for organizations to confront complex real-world challenges and take digital transformation to the next level.

  

• The SamurAI Code: Flipkart's Chief Data Scientist loads AI into cart for biz

  In the first episode of podcast series, SamurAI Code, Mayur Datar, SVP, Chief Data Scientist at Flipkart, unpacks Flipkart’s bet on AI for new features, GenZ demography, and customer conversions. Datar also speaks on the cost of AI, prep and hiring for AI. He gives a peek into the behind-the-scenes of Flipkart big ticket sale- The Big Billion Days sale.

  

• Stanford AI leader Fei-Fei Li building 'spatial intelligence' startup

  Li is widely known as the "godmother of AI," a title derived from the "godfathers" moniker often used to refer to a trio of researchers who won the computing world's top prize, the Turing Award, in 2018 for their breakthroughs in AI technology.

  

• Microsoft announces to open data center in Thailand

  Microsoft on Wednesday announced to build a new cloud and artificial intelligence (AI) infrastructure in Thailand, provide AI skilling opportunities for more than 100,000 people, and support the nation's growing developer community.

  

• Oracle updates database technology for AI chatbots

  ORACLE-AI/Oracle updates database technology for AI chatbotThe update, which is called Oracle Database 23ai, introduces technology that will make it easier for chatbots and other new AI systems to find data stored in corporate systems. Using what is called "vector search" technology, the new Oracle database can be searched by concepts or ideas expressed in natural human language, instead of simply matching up keywords or phrases.s

  

• Anthropic releases business chatbot in hunt for corporate dollars

  The San Francisco-based firm, backed by Alphabet and Amazon.com, in March released a family of artificial intelligence models called Claude 3 that it says outperforms those from rivals such as Microsoft-backed OpenAI and Google.

  

• AI fuels cloud computing boom for tech giants

  Looking across AWS, Microsoft Azure and Google Cloud, it is clear that two things are happening simultaneously - AI is contributing to growth, but also the rest of cloud spending is accelerating, says D.A. Davidson & Co analyst Gil Luria.

  

• Samsung says AI to drive technology demand in second half

  The world's biggest maker of memory chips and TVs said operating profit rose to 6.6 trillion won ($4.8 billion) in January-March, up from 640 billion won a year earlier. That was in line with Samsung's own estimate of 6.6 trillion won flagged earlier this month, its highest operating profit since the third quarter of 2022.

  

• Chipmaker Intel falls as AI competition hurts forecast

  Intel forecast second-quarter revenue of $12.5 billion to $13.5 billion, compared with analysts' average estimate of $13.57 billion, according to LSEG data.

  

• Artificial intelligence revolutionizing the M&A horizon

  If adopted, AI is set to play a crucial role in this function, as it enhances the M&A process at every step, from pre-deal assessment to post-merger integration.

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