Page 15 - Artificial Intelligence

Industry body Nasscom launches responsible AI hub and resource kit

The resource kit comprises sector-agnostic tools and guidance to enable business to leverage AI to grow scale with confidence by prioritising user trust and safety, the Indian IT industry body said.

IIT Mandi start up to launch world's first AI-backed giant swing in Manali

Four engineer friends have claimed to have innovated a giant swing backed by Artificial Intelligence (AI) which will provide an "impeccable" security to the jumpers with more than 100 jump styles. The swing was built under a startup incubated at Indian Institute of Technology (IIT), Mandi, and is claimed to be a first-of-its-kind in the world. Founded by four childhood friends who are also certified rock climbers and mountaineers, ManaliSwing' has completed its human jump trials and is in the process of filing patents -- five in number -- for concept and design. The team plans to launch the swing in Manali on coming New Year. One of the team's members claimed that it has already been approached by the Dubai government to launch the swing in the country and is in conversation with interested agencies in Switzerland too. "We will offer one of the world's most creative and safe giant swing like bungee jumping but instead of going down on rubber bungee cord one freefall is followed b

RBI plans to extensively use AI, ML to improve regulatory supervision

The Reserve Bank is planning to extensively use advanced analytics, artificial intelligence and machine learning to analyse its huge database and improve regulatory supervision on banks and NBFCs. For this purpose, the central bank is also looking to hire external experts. While the RBI is already using AI and ML in supervisory processes, it now intends to upscale it to ensure that the benefits of advanced analytics can accrue to the Department of Supervision in the central bank. The department has been developing and using linear and a few machine-learnt models for supervisory examinations. The supervisory jurisdiction of the RBI extends over banks, urban cooperative banks (UCB), NBFCs, payment banks, small finance banks, local area banks, credit information companies and select all India financial institutions. It undertakes continuous supervision of such entities with the help of on-site inspections and off-site monitoring. The central bank has floated an expression of inter

Tesla's AI day set to offer a glimpse of its sentient robots: Report

On Friday, Musk will host Tesla's second AI Day in Palo Alto, California, formerly the home to its global headquarters.

Google search gets new features to be visual and add languages

Google shopping search now understands more than 35 billion product listings

There's a sea change in public sector cloud in India: AWS' Rahul Sharma

Digital India's mindset acted as a catalyst to bring this transformation of citizen-facing services, says Rahul Sharma, Regional Head, AWS India

Skill India partners with Samsung to upskill youth in future technologies

There is no deficit of talent in New India but a rise in demand for Skilled Indians globally, says Chandrasekhar

What are web intelligence tools that Sebi wants to use for surveillance

The regulator has invited Expression of Interest (EOI) from solution providers to implement, install and maintain the tool

Walmart India team playing key role in innovation: CEO Doug McMillon

He added that they've changed the way people spend and save and their perception of value as well as how they travel, communicate, and work

Blind adoption of new fintech could have an adverse impact: RBI ED

The new tech will bring a lot of benefit but can also bring some significant potential for disruption in the future of finance, says ED

68% companies believe AI in HR raises overall job accuracy: Report

Around 68 per cent of companies surveyed believe that the implementation of Artificial Intelligence in the Human Resource process increases overall job accuracy, according to a report. The report revealed that 72 per cent of respondents agreed that using AI in the HR process boosts productivity and saves time as they believe it can automate many HR-related procedures and boost the effectiveness of the system through chatbots. The report by HR solutions provider Genius Consultants is based on an online survey with over 825 organisations spread across sectors including banking and finance, construction and engineering, education, FMCG, hospitality, HR solutions, IT, ITES and BPO, logistics, manufacturing, media, oil and gas, pharma, among others. It further revealed that over 44 per cent of respondents indicated that AI-based chatbots are currently the preferred tool for initial interactions during the hiring process, which also helps new hires settle into their responsibilities and .

Conversational AI deployment can reduce agent labour cost by $80bn: Gartner

One in 10 agent interactions will be automated by 2026, estimates consultancy firm

Google wants you to chat with its experimental AI chatbot at your own risk

Google has already warned that early previews of its LaMDA (Language Model for Dialogue Applications) model "may display inaccurate or inappropriate content".

WealthTech firm Liquide raises $2.2 mn pre-seed led by M Venture Partners

Funds will be used to build a plug and play stock advisory layer to power existing brokerage accounts such as Zerodha, Upstox and Groww

AirAsia India to use CAE's AI training system to train pilot

CAE Rise enables translation of simulator training data into valuable insights for instructors.

India's Techade: Upskilling will be key, say industry leaders

The tech industry has applauded the government's intent, but many stakeholders say that achieving this goal requires investments in upskilling

Google adds AI language understanding to Alphabet's helper robots

Google's parent company Alphabet is bringing together two of its most ambitious research projects -- robotics and AI language understanding -- to make a "helper robot"

Trai seeks views on AI, big data adoption to improve telecom services

Trai on Friday floated a consultation paper to seek public views on the adoption of artificial intelligence and big data to improve telecom services and enhance network securities and efficiencies.

Nobel for AI: A matter of time?

Understanding how proteins are folded, or likely to be folded is, therefore, critically important

PriceLabs raises $30 mn from Summit Partners, plans to accelerate hiring

PriceLabs was founded in 2014 to bring Artificial intelligence (AI) and analytical tools to owners and managers of vacation homes and short-term rentals