February 14, 2025 10:19 pm (IST)
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I will leave it to PM Modi: Donald Trump on Bangladesh crisis | Modi is a much tougher and better negotiator than me: Donald Trump | Modi covered up Gautam Adani's corruption: Rahul Gandhi after PM's 'personal matter' remark in the US | We don't meet for personal matters: PM Modi denies discussing Adani issue with Trump | India-US target to double bilateral trade to USD 500 billion by 2030 | Donald Trump announces extradition of 26/11 Mumbai terror attack accused Rana, calls him 'evil' | India is not neutral, says Narendra Modi on Ukraine-Russia war after meeting Donald Trump | Congress lauds Kangana Ranaut for opening 'pure veg' cafe, irks party supporters | PM Modi meets Elon Musk in Washington DC; discusses space, technology | PM Modi meets NSA Michael Waltz in Washington DC, discusses India-US defence, technology

L&T bags ‘significant’ contract to construct Uzbekistan’s first AI-enabled data centre

Feb 10, 2025, at 02:27 pm

Keeping in tandem with Uzbekistan’s big AI plans, engineering giant Larsen & Toubro (L&T) has been awarded a contract to construct Uzbekistan’s first AI-enabled and sustainable 10-megawatt data centre in Tashkent.

AI can cause large-scale labour displacement in middle and lower-income groups, warns Economic Survey

Jan 31, 2025, at 05:12 pm

The Indian Economic Survey, which was tabled in the Parliament on Friday, said Artificial Intelligence (AI) promises to usher in a new age but at the same time, it can result in large-scale labour displacement, especially at the middle and lower quartiles of the wage distribution.

AI Call Centers: Best Use Cases and Insights from Simply Contact

Jan 16, 2025, at 03:48 pm

Poland: The global integration of Artificial Intelligence (AI) has given a major push for the call center industry’s massive smart transformation. AI tech now equips call centers with tools to automate routines, make customer experiences more in-depth and intuitive, and drive agent productivity.

Govt to develop AI-powered platform for trade data analytics

Jan 16, 2025, at 01:47 pm

New Delhi: The government is advancing efforts to develop an AI-driven data analytics platform to enhance trade data insights, said Commerce Secretary Sunil Barthwal, according to media reports.

Indian IT firms face rising wage bills as demand for skilled professionals grows

Jan 15, 2025, at 04:37 pm

New Delhi: As Indian IT companies experience higher revenue productivity amid slower workforce expansion, HCLTech CEO C Vijayakumar has underscored the sustained demand for skilled professionals, which will contribute to escalating wage costs, media reports said.

Satya Nadella announces Microsoft's $3 bn investment in India after meeting PM Modi

Jan 08, 2025, at 11:58 am

New Delhi/IBNS: Microsoft will invest $3 billion in India in cloud and AI infrastructure, announced the tech major chairman and CEO Satya Nadella.

Elon Musk's xAI raises $5 billion, doubling valuation to $50 billion

Nov 21, 2024, at 10:34 pm

California/IBNS: Elon Musk’s artificial intelligence (AI) startup xAI has secured $5 billion in a fresh funding round, boosting its valuation to $50 billion, according to a report by the Wall Street Journal on Wednesday (Nov. 20). 

RBI alerts investors about 'deepfake videos' of Governor Shaktikanta Das circulating on social media

Nov 20, 2024, at 09:04 pm

Mumbai/IBNS: The Reserve Bank of India (RBI) on Tuesday (Nov. 19) issued a warning to investors regarding the circulation of deepfake videos featuring Governor Shaktikanta Das on social media.

TCS signs 10-yr partnership with Brazilian education and research institute Insper, invests $8.6 million

Oct 31, 2024, at 03:46 am

São Paulo/ Mumbai: Tata Consultancy Services (TCS) has entered a 10-year strategic partnership with Insper, a prominent Brazilian higher education and research institution, aimed at accelerating industry innovation for TCS clients in South America through advanced technologies like AI, GenAI, IoT, and spatial computing.

Nvidia partnering with Reliance to build AI infra in India: Jensen Huang

Oct 24, 2024, at 07:36 pm

Mumbai/IBNS: Jensen Huang, the CEO of American chip maker Nvidia, announced on Thursday (Oct. 24) that the company is collaborating with Reliance Industries to develop artificial intelligence (AI) infrastructure in India.

NVIDIA's Blackwell chips will be available for shipping from Q4 this year: CEO Jensen Huang

Oct 24, 2024, at 06:40 pm

Mumbai/IBNS: NVIDIA Corporation’s CEO Jensen Huang announced that the company’s advanced Blackwell chips, key to its next-generation GPU architecture, will begin shipping to customers in the fourth quarter of this year.

Microsoft-OpenAI 'bromance' frays as tensions rise over funding, staff clashes, and new AI deals

Oct 21, 2024, at 01:46 am

San Francisco: Sam Altman, co-founder of OpenAI, once described the company's partnership with Microsoft as “the best bromance in tech.” However, this relationship is now strained, as Microsoft appears to be hedging its bets, according to a report by the New York Times.

ChatGPT maker OpenAI secures $6.6 billion funding with investment from Microsoft, Nvidia

Oct 03, 2024, at 08:07 pm

California/IBNS: American artificial intelligence (AI) research company OpenAI has secured $6.6 billion in investments, potentially valuing the ChatGPT maker at $157 billion, positioning it among the world’s most valuable private enterprises, Reuters reported.

ChatGPT maker OpenAI to remove non-profit board's control; Sam Altman to get equity stake: Report

Sep 27, 2024, at 04:58 am

San Francisco: ChatGPT creator OpenAI is planning to restructure its core business into a for-profit benefit corporation, which would no longer be under the control of its non-profit board, Reuters reported.

PM Modi has a clear vision about how AI will benefit India: Google CEO Sundar Pichai

Sep 23, 2024, at 09:33 pm

New Delhi/IBNS: Google CEO Sundar Pichai has lauded Prime Minister Narendra Modi, who is on a three-day tour to the United States, for his "clear vision" about how Artificial Intelligence will benefit India.

South Korea summit aims to create 'blueprint' for integrating AI into the military

Sep 09, 2024, at 08:07 pm

Seoul/IBNS: South Korea on Monday (Sept 9) hosted an international summit in its capital Seoul aimed at creating guidelines for the responsible use of artificial intelligence (AI) in military settings.

The rise of Gen AI poses an existential threat to Google

Sep 09, 2024, at 07:10 pm

California: For over twenty years, Google has been the dominant force in the online search market, building a $175 billion business that has become central to the internet experience. 

'Rationalise and simplify': IMF's Gita Gopinath gives tips to increase GST revenue

Aug 18, 2024, at 07:13 am

New Delhi: Emphasising that structural reforms should be continuous, Deputy Managing Director of the International Monetary Fund (IMF) Gita Gopinath said that India should continue to rationalise and simplify its Goods and Services Tax (GST) system to boost revenue, media reports said.

Ola founder Bhavish Aggarwal's first Krutrim AI chips to be ready by 2026

Aug 16, 2024, at 05:18 am

Bengaluru: Krutrim, an AI startup founded by Ola Cabs co-founder and CEO Bhavish Aggarwal last December, announced on Thursday that it plans to design, develop, and launch its first AI chip by 2026, media reports said.

Global IndiaAI Summit: Ashwini Vaishnaw says India to roll out Rs 10,000 crore plan to procure AI GPUs in 2-3 months

Jul 04, 2024, at 05:47 pm

New Delhi/IBNS: Union Information Technology Minister Ashwini Vaishnaw said Wednesday that the Indian government will roll out the Rs 10,000 crore India AI Mission in the next two to three months under which it will help procure computing power for the domestic industry run artificial intelligence (AI) systems.

Reliance Jio hikes tariff, highlights its 5G network and AI-enabled services

Jun 28, 2024, at 04:36 am

Mumbai: Reliance Jio Infocomm Ltd, India's largest telecom provider, announced a series of new unlimited plans set to take effect on July 3.

SoftBank develops AI-driven voice tech to deal with angry customers

Jun 15, 2024, at 04:33 am

Japanese tech giant SoftBank Corp has introduced an innovative voice-altering phone technology to combat the growing issue of "customer harassment."

IMF Chief says AI impact on labour forces to be like 'tsunami': Report

May 14, 2024, at 10:43 pm

Zurich (Switzerland): Artificial intelligence (AI) is geared up to change the global labour market in a significant manner, comparable to a “tsunami”, said International Monetary Fund Managing Director Kristalina Georgieva, media reported.

GenAI platform Hanooman partners with 3AI Holding; targets to reach 200 million users in its first year of launch in India

Apr 11, 2024, at 07:03 am

Abu Dhabi:  3AI Holding Limited, a global AI investment firm based in Abu Dhabi, that invests in AI infrastructure and AI foundational companies, Wednesday announced that it has entered into a strategic partnership with SML India, allowing them to jointly own ‘Hanooman’, India’s multilingual GenAI platform, a press release said.

AI has changed skilled jobs and hiring of new recruits: Nirmala Sithraman

Feb 04, 2024, at 06:47 am

New Delhi: Artificial Intelligence (AI) has disrupted the requirement for skilled jobs and hiring equally, apart from the current situation of global economic slowdown, Finance Minister Nirmala Sitharaman told Network18 Editor-in-Chief Rahul Joshi in an interview.

Ola founder Bhavish Aggarwal's AI start-up Krutrim becomes India's first AI unicorn

Jan 27, 2024, at 03:40 am

Bengaluru: Artificial intelligence (AI) startup Krutrim, founded by Ola founder Bhavish Aggarwal, has attained unicorn status by securing $50 million in funding from investors, including Matrix Partners India.

World Economic Forum 2024: Smriti Irani advocates for consensus on watermarking AI products

Jan 20, 2024, at 04:37 am

Davos: The Indian delegation at World Economic Forum 2024 promoted responsible behaviour about AI, insisting on convergence or a consensus on watermarking AI products.

World Economic Forum Report says global economic prospects remain subdued and fraught with uncertainty amid ongoing geopolitical rifts, AI advancement

Jan 15, 2024, at 11:33 pm

Global economic prospects remain subdued and fraught with uncertainty, according to the latest Chief Economists Outlook released today, as the global economy continues to grapple with headwinds from tight financial conditions, geopolitical rifts and rapid advances in generative artificial intelligence (AI).

Mercedes-Benz unveils new AI-based virtual assistant for cars 

Jan 11, 2024, at 12:04 am

Auto major Mercedes-Benz is showcasing a raft of developments that define its vision for the hyper-personalised user experience of the future – in-car and beyond. Headlining those is the new, integrated MBUX Virtual Assistant.

Canara Bank unveils Data and Analytics Centre in Bengaluru

Jan 03, 2024, at 06:14 am

Public sector lender Canara Bank has opened its new Data and Analytics Centre (DnA) in Bengaluru city.