Apple Proved That AI Is a Feature, Not a Product
Other tech companies want to sell you chatbots. Apple’s demos show the value of seeing the AI as an integrated, holistic experience rather than a stand-alone app or device. Key Points
WIREDNo One Actually Knows How AI Will Affect Jobs
Some businesses are replacing people with AI; others are augmenting their workforce or hiring new workers. The long-term impact on labor is murky. Key Points
WIREDTCS partners with AWS on Generative AI practices, will train 25,000 employees for certifications
The IT major has been investing heavily on Generative artificial intelligence. The company has invested in foundation training of over 100,000 employees on Generative AI. The IT services company is now focused on deepening their expertise further, including certification of over 25,000 employees on AWS Generative AI services. Key Points
Business TodayAI in the corner office: Leaders have to increase focus on training and ethics, shows survey
A recent survey on the state of Generative AI conducted by ISACA — a global community helping individuals and organisations in their pursuit of digital trust — shows that over 30% of organisations in Asia do not have the policies required for Generative AI. The survey covers more than 2,300 digital professionals, including 660 in Asia, working in cybersecurity, IT audit, governance and privacy. Key Points
Economic TimesTim Cook confirms Apple working on Generative AI, users may receive features by 2024
Apple CEO Tim Cook confirmed during a call with investors that Apple is working on Generative AI. He said that the company wants to be responsible with the emerging tech. Key Points
India Today
Sonata Software joins AI race, launches Harmoni.AI
Sonata Software has launched Harmoni.AI, an artificial intelligence (AI) platform that focuses on ethics and responsible design. The platform offers industry solutions, service delivery platforms, and accelerators, all powered by Generative AI. Key Points
mint'Lot of potential...': TCS COO is optimistic about Generative AI but aware of adoption constraints
In an exclusive conversation with Business Today, Subramaniam said, “Generative AI technology has a lot of potential. It has been widely embraced by consumers, and now enterprises are exploring its applications. However, there are constraints when adopting Generative AI at an enterprise level.” Key Points
Business TodayFOMO on Generative AI Breathes Life Into Listless Tech M&A
Big Tech has swooped in to snatch up startups in the glitzy new form of AI, while other suitors try to keep pace. Stragglers may be punished down the road with higher prices and slimmer pickings, analysts say. Key Points
mintGenerative AI can automate 50% of global activities between 2030 and 2060: McKinsey
McKinsey & Company has on Thursday predicted that half of today’s global work activities could be automated between 2030 and 2060. using Generative AI. Key Points
The HinduGenerative AI: How IT firms are building capabilities in unprecedented ways
Companies are increasingly investing in advanced Generative AI platforms due to their success rate and potential in transforming businesses. The COVID-19 pandemic further accelerated the need to build technology capabilities across several sectors, which opened up new opportunities for the IT industry. Generative AI holds significant potential to transform businesses across several sectors, and US IT major Accenture identified over 300 potential use cases across 19 industries. Though Generative AI can drive demand tailwinds, cost competitiveness will remain key for the IT sector. Reports suggest that the global AI market, currently worth $130 billion, has the potential to grow by 40% over the next 7-8 years. Key Points
Economic Times
Apple coming up with ChatGPT and Bard rival? Company starts hiring for Generative AI roles
The popularity of Generative AI has grown in the last few months. And now, Apple might also be on its way to develop ChatGPT and Bard rival as the tech giant has started hiring for Generative AI job roles. Key Points
India Today‘Generative AI can be seen; it’s more cool than traditional AI’
Generative AI and transformers (that help predict the next word or a sentence, and even a para) were not invented to perform physical stuff. They were invented to understand languages better. Images and videos are only a by-product of that. Key Points
mintNational Technology Day: Generative AI has more opportunities than risks, report says
Generative AI has garnered both interest and fears at the same time. There is fear that AI technologies will take away jobs or work in any organization across the board. Key Points
mintPaytm founder says AI will do a lot of humans’ work, company to use AI for fraud detection and customer care
Paytm will be using AI for various purposes, including fraud detection, customer care, onboarding, and so on. The company's founder and CEO, Vijay Shekhar Sharma, confirmed the same and said that a lot of human being's work will be done by AI. Key Points
India TodayCognizant to invest in ChatGPT-like AI tools after laying off 3500 employees
Cognizant CEO has confirmed that the company will start investing in Generative AI. The news comes after company announced its plans to eliminate 3500 employees or one per cent of its workforce. Key Points
India Today
When AI is your assistant
Generative AI won't replace humans. Rather, humans who use AI will replace humans who do not. Key Points
FinancialexpressGenerative AI: Why boardrooms must embrace the next frontier of innovation
Companies, large and small, are adapting to the threats and opportunities that come with Generative AI. Here’s how.Prominent tech leaders have warned against the potential misuse of Generative AI. There have been instances of employees sharing sensitive information and customers facing identity theft Key Points
mint‘Expect solid revenue growth on stabilizing tech spending’
In an interview, C. Vijayakumar, managing director and chief executive of HCLTech, said the company expects strong revenue growth in 2024, as tech spending stabilizes in sectors such as BFSI. Key Points
mintAnother round of lay offs: Amazon is cutting down several hundred jobs from Alexa and AI unit
Amazon has announced another round of layoffs, affecting several hundred positions within the Alexa and AI unit. This move is part of company's strategic shift towards Generative AI. Key Points
India TodayAmazon's AWS appeals to corporate customers with new chatbot, AI safety measures
Amazon (AMZN.O) is trying to lure big corporate customers to it AWS cloud computing service with a new chatbot for businesses, and by offering to guard them against legal and reputational damage that can come from the output of artificial intelligence. Key Points
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Goldman Sachs developing dozen Generative AI projects -exec
Goldman Sachs (GS.N) is working on a dozen projects which will incorporate Generative artificial intelligence into its business practices, a senior executive at the Wall Street giant told the Reuters NEXT conference in New York on Thursday. Key Points
ReutersSoftware major SAP bullish on AI in India
German software major SAP is betting big on Generative artificial intelligence (AI) in India. The company announced a comprehensive series of Generative AI capabilities and advancements to turn every developer into a GenAI developer at TechEd 2023, its flagship event held in Bengaluru recently. Key Points
The Tribune IndiaWe are using Generative AI to build core capabilities: MakeMyTrip’s Deep Kalra
The portal is tying up with leading tech players to build the tools. Kalra also opined that the funding winter would be short but sharp, and exacerbated by the banking crisis in the US and Europe. Key Points
Economic TimesGenerative AI could give advertising its worst ever crisis of credibility
Deepfakes cloning real people are the latest in identity theft for ads. If this goes on, people may soon start rejecting all that they see as fake. Key Points
mintChatGPT consumes 17,000 times more electricity than an average US household daily
Artificial Intelligence (AI) is becoming a huge electricity guzzler, raising concerns about its environmental impact. OpenAI's popular Generative AI - ChatGPT - alone is estimated to consume over half a million kilowatt-hours daily in order for it to respond to about 200 million user requests daily, as per a report. Key Points
India Today
AI skills in demand, Amazon will teach 2 million IT workers with free AI courses by 2025
Amazon is aiming to train 2 million IT workers in AI skills through its new initiative, 'AI Ready'. The move is a response to the increasing demand for AI expertise, with free courses aimed at making AI education accessible to all. Key Points
India TodaySamsung restricts use of Generative AI tools after employees leak sensitive data using ChatGPT
Samsung has banned the use of Generative AI tools by employees citing security reasons. Earlier, Samsung employees had uploaded confidential data on ChatGPT, resulting in a breach. Key Points
India TodayUse of AI Is Seeping Into Academic Journals—and It’s Proving Difficult to Detect
Ethics watchdogs are looking out for potentially undisclosed use of Generative AI in scientific writing. But there’s no foolproof way to catch it all yet. Key Points
WIREDUse of AI Is Seeping Into Academic Journals—and It’s Proving Difficult to Detect
Ethics watchdogs are looking out for potentially undisclosed use of Generative AI in scientific writing. But there’s no foolproof way to catch it all yet. Key Points
WIREDMicrosoft announces Generative AI skill training course for free
Microsoft has launched a new AI skill training course. Through this new coursework, workers will learn introductory concepts of AI, including a look at responsible AI frameworks, and receive a Career Essentials certificate upon completion. Key Points
India Today
How the ad industry is making AI images look less like AI
Generative AI has the power to massively speed up the creative process and deliver personalized ads to customers on a large scale. But many images AI models generate feature cartoonish smoothness, telltale flaws or both. Key Points
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