Artificial intelligence

October 5, 2025 11:38 AM

OpenAI’s Altman seeks funds for infrastructure expansion on Asia, Middle East tour, WSJ reports

OpenAI CEO Sam Altman has embarked on a global fundraising initiative spanning East Asia and the Middle East, seeking financing and manufacturing partners to meet the company's demand for its computing capacity, the Wall Street Journal reported on Saturday, citing sources familiar with the meetings. Altman has held discussions since late September in Taiwan, South Korea, and Japan with major suppliers such as Taiwan Semiconductor Manufacturing, Foxconn, Samsung, and SK Hynix to boost AI chip pr...

October 3, 2025 10:21 PM

EU’s Von der Leyen urges European push on AI-driven cars

European Commission President Ursula von der Leyen called on Friday for a continent-wide push to develop self-driving cars, saying artificial intelligence could help revive the region's struggling automotive sector and improve road safety. Speaking at the Italian Tech Week in Turin, Italy's automotive hub, von der Leyen urged the European Union to adopt an "AI first" strategy across strategic industries, with a focus on mobility. "Self-driving cars are already a reality in the United States an...

September 29, 2025 6:06 PM

China’s DeepSeek releases ‘intermediate’ AI model on route to next generation

Chinese AI developer DeepSeek has released its "experimental" latest model, which it said was more efficient to train and better at processing long sequences of text than previous iterations of its large language models. The Hangzhou-based company called DeepSeek-V3.2-Exp an "intermediate step toward our next-generation architecture" in a post on developer forum Hugging Face. That architecture will likely be DeepSeek's most important product release since V3 and R1 shocked Silicon Valley and t...

September 19, 2025 11:49 AM

MeitY unveils logo, flagship initiatives for India-AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY) on Thursday officially unveiled the logo and key initiatives for the India-AI Impact Summit 2026, a landmark event set to position India as a global hub for responsible and inclusive artificial intelligence. This will be the first time a Global South nation hosts the prestigious summit, which will be guided by the principles of People, Planet, and Progress. The newly unveiled logo draws inspiration from the Ashoka Chakra, representi...

September 19, 2025 10:04 AM

China’s DeepSeek says its hit AI model cost just $294,000 to train

Chinese AI developer DeepSeek said it spent $294,000 on training its R1 model, much lower than figures reported for U.S. rivals, in a paper that is likely to reignite debate over Beijing's place in the race to develop artificial intelligence. The rare update from the Hangzhou-based company - the first estimate it has released of R1's training costs - appeared in a peer-reviewed article in the academic journal Nature published on Wednesday. DeepSeek's release of what it said were lower-cost AI ...

September 17, 2025 5:32 PM

India’s IT services sector to grow 6-7% in FY27 in AI era: Report

India’s IT services sector is projected to grow by 6-7 per cent in FY27, despite the ongoing impact of artificial intelligence (AI) adoption on traditional IT contracts, according to a report by HSBC Global Investment Research released on Wednesday. The report noted that while revenue growth is likely to be around 5-6 per cent next fiscal, this would translate into an 8-10 per cent increase in project volumes, as companies continue to boost technology spending. India’s IT firms are expecte...

September 15, 2025 7:43 PM

AI to add $2 trillion to Indian economy by 2035: NITI Aayog CEO

Artificial Intelligence (AI) will play a transformative role in shaping India’s economic growth and job creation in the coming decade, NITI Aayog CEO B.V.R. Subrahmanyam said on Monday. He was speaking at the launch of the Roadmap for AI for Viksit Bharat and the NITI Frontier Tech Repository in New Delhi. The NITI Aayog chief underlined that AI is expected to add nearly USD 2 trillion to India’s economy by 2035. He stressed that contrary to fears of job losses, the technology will generate...

September 11, 2025 11:34 AM

AI-guided cameras make solo surgery possible in step towards surgical automation

Ricardo Funke, the chief of surgery at Clinica Las Condes in Santiago, Chile, had a new assistant during a laparoscopic surgery on Monday - an autonomous artificial intelligence-guided camera that allowed him to carry out a gallbladder removal alone. The procedure combined magnetic surgical instruments with software that autonomously directs the surgical camera, tracking the surgeon’s tools and adjusting angles without a human assistant. "The camera was following me wherever I moved my hands...

September 10, 2025 8:54 PM

Artificial Intelligence, technology and innovation to drive India’s growth story: Piyush Goyal

Union Commerce and Industry Minister Piyush Goyal has said that artificial intelligence, technology and innovation will be the driving forces of India’s growth story. He was addressing the 58th Convocation of the Indian Institute of Foreign Trade (IIFT) in New Delhi today. Congratulating the graduating class of 2025, Goyal said India’s destiny lies in the capable hands of its youth. He urged students to harness their skills, agility and vision to help realise the goal of Viksit Bharat 2047....

September 11, 2025 1:22 PM

Slim iPhone Air may be a design win for Apple, but AI doubts linger, analysts say

Apple CEO Tim Cook channeled his predecessor and design genius Steve Jobs on Tuesday when he unveiled the iPhone Air, the company's slimmest handset yet and the biggest change in eight years to a lineup fans and analysts complained was stagnating. Cook kicked off the company's annual product launch event at its Cupertino, California, headquarters with a Jobs quote: "For us, design goes beyond just how something looks or feels. Design is also how it works." Inside its 5.6-mm (0.22-inch) slim ...