AI | DD News

October 16, 2024 5:15 PM

AI adoption can unleash Rs 33.8 lakh crore of economic benefit to India by 2030: Google report

Google's new report on artificial intelligence (AI) emphasizes responsible AI development and provides recommendations for policymakers, companies, and civil society. The report, titled "An AI Opportunity Agenda for India", outlines how artificial intelligence can drive economic growth, social progress, and global leadership for the nation. According to the report, India—with its rapidly growing economy, outstanding tech talent, youthful population, and vibrant startup ecosystem—is poised ...

October 16, 2024 5:14 PM

Dharmendra Pradhan announces three AI centres of excellence for healthcare, agriculture, and sustainable cities

Union Education Minister Dharmendra Pradhan on Tuesday announced the launch of three Artificial Intelligence (AI) Centres of Excellence (CoEs) aimed at advancing research and innovation in healthcare, agriculture, and sustainable cities. The initiative, with a total financial outlay of ₹990 crore, will be implemented over five years, from FY 2023-24 to FY 2027-28. The AI-CoEs will be established through collaborations between top academic institutions, industry partners, and startups, as part...

October 15, 2024 4:08 PM

PM Modi calls for global standards for AI and data privacy at IMC 2024

Prime Minister Narendra Modi on Tuesday emphasized the need for global standards on artificial intelligence (AI) and data privacy. Speaking at the India Mobile Congress (IMC) 2024, where he addressed industry leaders, tech innovators, and startups, PM Modi called for a unified, international approach to ensure the ethical use of AI and the protection of personal data. PM Modi said, "Create global standards for ethical AI and data privacy that also respect the diversity of different countries."...

October 15, 2024 4:05 PM

AI enhances flood warnings but cannot erase risk of disaster

When floods ripped through parts of Europe in September, the scale of the destruction took people by surprise. The intense rains should not have, because those had been predicted by sophisticated forecasting systems enhanced with artificial intelligence. But forewarned did not mean forearmed. Though the rains were accurately predicted, the effects in the deluged areas were not - a fact that highlights the difficulties of dealing with ever more common extreme weather. AI has supercharged weathe...

October 14, 2024 3:24 PM

Heavy reliance on AI could lead to concentration risks in the financial sector: RBI Governor

The Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday cautioned that heavy reliance on artificial intelligence (AI) could lead to concentration risks in the financial sector. Speaking at the 90th High-Level Conference organized by the RBI in New Delhi, Governor Das expressed concern that the growing use of AI could enable a few technology providers to dominate the market, creating systemic vulnerabilities. "The heavy reliance on AI can lead to concentration risks, especially when ...

October 9, 2024 11:35 AM

US considers breakup of Google in landmark search case

The U.S. said on Tuesday it may ask a judge to force Alphabet's Google to divest parts of its business, such as its Chrome browser and Android operating system, that it says are used to maintain an illegal monopoly in online search. In a landmark case, a judge found in August that Google, which processes 90% of U.S. internet searches, had built an illegal monopoly. The Justice Department's proposed remedies have the potential to reshape how Americans find information on the internet while shrin...

September 25, 2024 4:18 PM

Two-Day Global Aerospace Summit Kicks Off in Abu Dhabi

The seventh edition of the Global Aerospace Summit, a premier forum for the world's aerospace supply chain, commenced today in Abu Dhabi. The two-day event, running from September 25-26 at the St. Regis Saadiyat Island Resort, brings together industry leaders, government officials, and academics to discuss sustainability, youth engagement, and innovation in aerospace, space, and defense sectors. Key themes include aerospace technology, policy, and investment, with a focus on emerging technologi...

September 14, 2024 10:40 AM

OpenAI’s stunning $150 billion valuation hinges on upending corporate structure, sources say

OpenAI's new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter, who said its $150 billion valuation will be contingent on whether the ChatGPT-maker can upend its corporate structure and remove a profit cap for investors, Reuters reported. The details of the conditions of the $6.5 billion funding, which have not been previously reported, show how far OpenAI, the most valuable AI startup in the world, has come from a res...

September 13, 2024 9:10 PM

Billion-Dollar Dreams: How India-UAE Tech Alliance is Shaping the Future of Innovation

A high-profile delegation from the National Association of Software and Service Companies (NASSCOM) visited the UAE this week and is actively exploring market opportunities, investment prospects, and the legal framework in the UAE, aimed at boosting the Indian technology industry's footprint in the region. The NASSCOM delegation also attended the two-day AI and Web3 summit at Madinat Jumeirah, Dubai. During a key address at a business event on September 13th at Dubai, the. NASSCOM lea...

September 13, 2024 12:54 PM

As storm Bebinca approaches, Taiwan uses AI to predict typhoon paths

As tropical storm Bebinca barrels towards waters off northern Taiwan gathering strength into a possible typhoon, weather forecasters in Taipei are using a new and so far successful method to help track its path - artificial intelligence (AI). AI-generated forecasts, some powered by software from tech giants including Nvidia, whose chips are made by Taiwan's homegrown semiconductor champion TSMC, have so far outperformed traditional methods in predicting typhoon tracks. In July, it was AI-based...