Page 13 - Artificial Intelligence

Robots now set their sights on a new job: Sewing your blue jeans

The idea of using robots to bring more manufacturing back from overseas gained momentum during the pandemic as snarled supply chains highlighted the risks of relying on distant factories

Mondelez Intl expands multi-year cybersecurity contract with HCLTech

HCL will also use its automation and AI capabilities to help Mondelez provide on-demand personalised user experience and accelerated issue resolution to 110,000 employees in 79 countries

RBI shortlists 7 consultancy firms to use AI, ML to improve supervision

The Reserve Bank has shortlisted seven global consultancy firms, including Pricewaterhouse Coopers, McKinsey and Boston Consulting Group (India), to use artificial intelligence and machine learning for supervisory functions. The RBI is looking to extensively use advanced analytics, artificial intelligence and machine learning to analyse its huge database and improve regulatory supervision over banks and NBFCs. For this purpose, the central bank plans to hire external experts. In September this year, the RBI invited expressions of interest (EoI) for engaging consultants for use of advanced analytics, artificial intelligence and machine learning for generating supervisory inputs. Based on the scrutiny/evaluation set out in the EOI document, the central bank has shortlisted seven applicants for participating in the request for proposal process (RFP) for the selection of consultant(s), according to an RBI document. The seven firms are Accenture Solutions Private Limited; Boston Consult

Samsung announces partnership with Naver to develop next-gen AI chips

Samsung Electronics on Tuesday announced that it has partnered with internet portal giant Naver Corporation to develop next-generation artificial intelligence (AI) chips

Meta to verify user age on Facebook Dating through AI face scanning

Social media giant Facebook is experimenting with methods, such as using an AI face scanner, to allow users of the platform's dating service to verify their age

Mutual funds' new-age technology schemes prove to be a non-starter

Despite several innovative tech FoF applications with Sebi, only one hits the market

Google announces to shut AI-driven automation service 'Duplex on the Web'

The company introduced Duplex on the Web during its 2019 Google I/O developer conference

OpenAI announces dialogue-based AI chat interface based on GPT-3 'ChatGPT'

ChatGPT is a sibling model to InstructGPT, which follows instructions and prompts and provides detailed responses

Best of BS Opinion: Emerging AI, Sebi's lost battle and more

Here is the best of Business Standard's opinion pieces for today

Emerging AI: What awaits us?

Lessons from another tech revolution not so long ago

CEO Elon Musk pauses OpenAI chatbot's access to Twitter's database

As the world experimented with OpenAI chatbot service, Twitter CEO said after he "learned" that OpenAI was accessing the platform's database for "training", he put a pause on it

Tech Mahindra signs MoU with Egyptian agency for delivery centre in Cairo

Facility will serve firm's clients across telecom, oil & gas, BFSI, Energy & Utilities and public sector; company to hire 1,000 staff to serve global and local customers from centre

BCG carves out a new unit for its digital transformation capabilities

The global consulting major said the new unit will bring together nearly 3,000 technologists, builders, and designers

Wipro Infrastructure Engineering acquires Pune-based firm- Linecraft.ai

The Linecraft.ai software is built by a team of AI and ML experts and engineers with a patented algorithm

Most Indian organisations plan raising AI investment this year: Report

Amount will be driven by 'business outcomes', according to survey of 200 business leaders

Battlegrounds in the global AI war

A revolution is underway in several aspects of our life. "When AI Rules the World" details these groundbreaking changes

Google to develop AI with iCAD to improve breast cancer screening

This will be Google's first commercial agreement to license its mammography AI research model to be integrated into real-world clinical practice

'AI could be used as a tool to augment human creative expression'

Fabin Rasheed, co-creator of a poet-artist bot, explains why AI in art is laden with possibilities

Human creativity finds new AI expression, but debate rages on future of art

Some now claim AI is the future of art. Others pooh-pooh the very idea. Yet others believe AI would be just another expression of human creativity

India calls for global data governance framework to prevent harm from AI

India has urged the global community to develop a common framework for data governance, safety and trust around artificial intelligence to prevent user harm, an official statement said on Tuesday. India assumed the Chair of the Global Partnership on Artificial Intelligence (GPAI) at a summit held in Tokyo. "We all should be concerned about user harm. I would encourage member states to think about evolving a common framework of rules and guidelines about data governance, about safety and trust as much to do with the internet as to do with AI," Minister of State for Electronics and IT Rajeev Chandrasekhar said at the closing session of the three-day GPAI Summit. He represented India virtually at the event. The minister said the India-Stack that has transformed governance and democracy in India and benefitted millions of Indian citizens is designed to be open sourced. He emphasised on developing a common framework on creating skills and talent around AI -- an area in which India coul