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June 15, 2024 2:16 PM

G7 Summit: PM Modi calls for mass usage of technology, not monopolising it

In his brief address at the Outreach Session of the recent G7 Summit held in Italy, Prime Minister Narendra Modi touched upon three key aspects that India is prioritizing: technology and Artificial Intelligence, energy security, and affordability, and last mile service delivery to its people. Specifically on technology, PM Modi called on global leaders who converged in Italy to collectively ensure that the benefits of technology reach all sections of society, to realise the potential of every p...

May 24, 2024 3:03 PM

Global stocks slide as rate worries dent risk appetite

Global stocks slipped on Friday after robust U.S. and German economic data bolstered prospects of interest rates staying higher for longer on both sides of the Atlantic.   MSCI's global share index, which recently hit intraday highs after a rush into artificial intelligence stocks ignited by strong results from $2.6 trillion chipmaker Nvidia, fell 0.2% and was set for a 0.9% weekly loss.   Europe's Stoxx 600 share index was 0.7% lower in early dealings, down 1% over the week.   Premier ...

May 24, 2024 8:43 AM

Artificial Intelligence will eliminate all jobs, jobs will remain like a hobby: Elon Musk

Elon Musk, CEO of Tesla, stated that artificial intelligence (AI) will eventually eliminate all jobs, but he believes this is not necessarily a bad development, reported CNN. Speaking at a startup and tech event in Paris on Thursday, Musk said, "Probably none of us will have a job,". Elon Musk was speaking remotely via webcam at the Viva Tech event where he predicted a future where jobs would be "optional." He said, "If you want to do a job that's kinda like a hobby, you can do a job." Musk add...

May 22, 2024 11:31 AM

AI Global Forum opens in South Korea during second AI summit

Safety is a priority in the use of artificial intelligence, South Korean Prime Minister Han Duck-soo said at the opening of the Artificial Intelligence (AI) Global Forum in Seoul on Wednesday (May 22). The one-day global forum is being held alongside the second AI global summit, which is a two-day event. On the first day of the AI summit on Tuesday (May 21), sixteen companies at the forefront of developing AI pledged to develop the technology safely at a time when regulators are scrambling to k...

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