Page 17 - Artificial Intelligence

AI adoption to add $500 billion to India's GDP by 2025: Nasscom report

The AI adoption in four key sectors -- BFSI, consumer packaged goods (CPG) and retail, healthcare, and industrials/automotive -- can contribute 60 per cent of the total $ 500 billion opportunity

Maruti Suzuki invests Rs 2 cr in AI startup Sociograph Solutions

The country's largest carmaker Maruti Suzuki India on Friday said it has invested around Rs 2 crore in Sociograph Solutions Pvt Ltd (SSPL), a startup specialising in artificial intelligence. The investment is part of the company's MAIL initiative to support startups with promising mobility solutions, Maruti Suzuki India Ltd (MSIL) said in a statement. The company plans to use the visual artificial intelligence (AI) platform of SSPL called Dave.AI, with an aim to enhance the digital sales experience of its customers, it added. "Our investment in SSPL demonstrates our resolve towards improving business metrics using contemporary technology," MSIL Managing Director & CEO Hisashi Takeuchi said. The company has undertaken the ambitious Mobility & Automobile Innovation Lab (MAIL) programme since 2019 to empower the mobility startup ecosystem in the country. The Maruti Suzuki Innovation Fund has been set up with an aim to invest in early-stage startups which are part of Maruti Suzuki

Sentient artificial intelligence: A dream & a nightmare for scientists

Given our inability to define consciousness and to understand how it arises, and given the huge strides made in developing AI, a genuinely self-aware program might indeed be around the corner

Only 12% firms using AI at a level that gives competitive edge: Accenture

63% global firms are AI experimenters, barely scratching the surface of its potential with AI maturity score of 29; Many others with higher scores are still leaving the full value of AI untapped

Only 12% companies are utilising AI to outpace their rivals: Report

Only 12 per cent of organisations that use AI are doing it at a maturity level to achieve a strong competitive advantage while the rest are still experimenting with the technology, a new report said

Google suspends engineer following claims an AI system had become sentient

The Alphabet-run AI development team put him on paid leave for breaching company policy by sharing confidential information about the project

Tech used by casinos in Las Vegas may help Sebi tackle insider trading

Not just India, but several global financial regulators are considering such AI programmes to nail securities law violators such as insider trading

How Las Vegas casino AI can help Sebi stamp out insider trading: Explained

Sebi is planning to take a leaf out of the Vegas Casinos' AI playbook to crack down on insider trading. Watch the video to know-how. >

Bengaluru airport introduces robots for enhanced passenger experience

Currently at the trial stage, 10 robots have been deployed at the airport to help guide passengers through the airport and answer basic queries, it said in a statement on Tuesday.

Maruti Suzuki to acquire 12.09% stake in AI firm Sociograph Solutions

Maruti Suzuki India (MSI) on Monday said it will acquire an equity stake of 12.09 per cent in Sociograph Solutions Pvt Ltd (SSPL) for about Rs 2 crore. SSPL is an artificial intelligence (AI) software company that specialises in visual AI platform predominantly used to help enterprises improve sales experiences and improve efficiency in their business. "The investment would help MSI strengthen its offering to customers by creating a customised sales experiences on the web, virtual reality and augmented reality," the auto major said in a regulatory filing.

Indian, Chinese companies take lead in use of artificial intelligence: IBM

Indian and Chinese companies are taking lead in use of artificial intelligence compared to their peers in major technically-advanced countries, an IBM survey report said on Thursday. According to the survey, 35 per cent of companies globally reported using AI in their business and when compared with 2021, organisations are 13 per cent more likely to have adopted AI in 2022. "Chinese and Indian companies are leading the way, with nearly 60 per cent of IT professionals in those countries saying their organisations already actively use AI, compared with lagging markets like South Korea (22 per cent), Australia (24 per cent) the US (25 per cent) and the UK (26 per cent)," IBM's Global AI Adoption Index 2022 said. It said that IT professionals in the financial services, media, energy, automotive, oil and aerospace industries are most likely to report their companies have actively deployed AI, while organisations in industries such as retail, travel and government/ federal services and ..

WEF 2022: How data and tech are driving change in predicting future

The advent of technology and the resulting change in our ability to foresee potential future events has coincided with an exponential increase in the range and variety of possible outcomes.

AI, data key differentiators for enterprises: Tata Group Chairman

In TCS annual report, Chandrasekaran said that TCS has shown remarkable resilience and adaptability, coming out stronger than ever, after catastrophic events like global financial crisis or Covid

AI hiring tools discriminate against people with disabilities, warns US

Employers give computer-based tests to applicants or use computer software to score applicants' resumes and many of these tools use algorithms or AI

Indian consumers start buying virtual products amid metaverse buzz

42% of respondents globally, including in India, said they had visited a retailer in the virtual world to get advice and make a payment or browse a product range when shopping for a physical item

IIT-KGP, Virginia Tech launch online course in artificial intelligence

The course, spanning over nine months from May 30, 2022 to January 7, 2023, will be open for both students and industry executives across the world.

Metaverse next trillion-dollar opportunity for entertainers: Daler Mehndi

The Pasha of Pop, who recently made India's first Metaverse real estate purchase, talks about his investment, his musical inclinations and future plans in a Q&A

Data-rich local Indian content provides fertile ground for tech companies

From creating local language content ecosystem and interactive platforms on smart TVs to helping people shop via video commerce, Indian content offers huge opportunities for tech and e-commerce firms

AI-based content firm Instoried raises $200 mn from GEM, seeks to go public

Funding comes in under 6 months after Instoried announced Series A round; firm says this makes it the fastest-growing deep tech startup led by a woman founder

Gupshup acquires Active.Ai to strengthen customer experience solutions

Active.Ai serves BFSI customers across 43 countries with conversational banking as a service platform that helps clients engage with millions of consumers every month