ChatGPT maker OpenAI to remove non-profit board's control; Sam Altman to get equity stake: Report
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
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.
American AI chip major Nvidia shares slip despite record sales
California/IBNS: Shares in artificial intelligence (AI) chip giant Nvidia have fallen despite the American company comfortably beating expectations after more than doubling its sales, reports said.
Tech entrepreneur Elon Musk's xAI raises USD 6 billion to develop artificial intelligence
Entrepreneur Elon Musk's AI startup xAI has raised USD 6 billion in series B funding, a development that might pose a possible challenge to Sam Altman's Open AI.
IMF Chief says AI impact on labour forces to be like 'tsunami': Report
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.
World Economic Forum 2024: Smriti Irani advocates for consensus on watermarking AI products
Davos: The Indian delegation at World Economic Forum 2024 promoted responsible behaviour about AI, insisting on convergence or a consensus on watermarking AI products.
Infosys loses mega deal with AI firm following CFO's exit
Mumbai/IBNS: Narayan Murthy's Infosys has lost a mega deal with an undisclosed AI firm days after a sudden resignation by the company CFO Nilanjan Roy, media reports said.
Key economic report shows 14 million jobs worldwide will vanish in the next 5 years
Geneva: The Future of Jobs Report 2023 suggests that almost a quarter of jobs (23%) are expected to change in the next five years through growth of 10.2% and decline of 12.3%.
HireMee to assess and prepare 1.5 lakh Telangana students for jobs
Hyderabad: AI based assessment and skilling platform, HireMee and Telangana government body for enhancing skilling synergy among hiring institutions & academia, Telangana Academy for Skill and Knowledge (TASK) have entered into an arrangement to provide access to college students from the State to assess their quantitative and qualitative aptitude using Bengaluru-based firm’s artificial intelligence based well established proctored assessment.
SparkCognition closes USD 123 million Series D funding, acquires virtual AI firm Integration Wizards
Bangalore/IBNS: SparkCognition, an artificial intelligence (AI) software solutions provider for businesses, has signed a definitive agreement to acquire Integration Wizards, a visual AI enterprise, to include computer vision capabilities as part of its industry solution offering.
Revnomix Solutions LLP, recognized as a startup by the “Department for Promotion of Industry and Internal Trade”, is a seven-year-old revenue management firm with a pan-India presence, provides revenue management services to hotels.
L&T Technology Services share prices jump after partnership with Mavenir and NVIDIA
Bengaluru/IBNS: Engineering services company L&T Technology Services Ltd (LTTS) Wednesday announced that it has been selected as an engineering partner by Mavenir and NVIDIA to accelerate the adoption of AI-on-5G.
Indian startup HyperVerge bags two global recognitions
Kolkata/UNI: HyperVerge, a Bengaluru-based technology startup, which leverages Artificial Intelligence solutions for customer verification, on Wednesday announced two global achievements.
HEAL Software Inc. Introduces Industrys First Preventive Healing AIOps Software for IT Operations
Bangalore: HEAL Software Inc., an Artificial Intelligence for IT operations (AIOps) solution providers, launched a preventive healing software technology for IT operations.
BRS Ventures to use Artificial Intelligence to improve tea industry in Assam
Guwahati/IBNS: An Indian origin billionaire businessman owned NRI company will use Artificial Intelligence (AI) system to bolster the tea industry in Assam.