The comparison with the famously capex-happy energy industry is apt not just because of the sums involved. AI needs vast amounts of processing power. And that processing power needs vast amounts of electricity. On May 2nd Bob Blue, chief executive of Dominion Energy, one of America’s biggest utilities, said that data-centre developers now regularly ask … Read more
A recent report released by NetApp, a leading intelligent data infrastructure company, has shed light on the stark division between countries at the forefront and those lagging behind in the adoption of artificial intelligence (AI). The comprehensive study offers insights into the progress, challenges, and momentum surrounding AI adoption, emphasizing the pivotal role of a … Read more
(Reuters) – The Financial Times had signed a licensing agreement with OpenAI to train artificial intelligence (AI) models on its attributed content, the newspaper said on Monday, in the latest media tie-up for the Microsoft-backed startup. The agreement will enhance OpenAI’s generative AI chatbot ChatGPT with attributed FT content, and the firms will collaborate on … Read more
A recent study by Kantar has revealed a dramatic surge in AI adoption, showcasing how Indians are increasingly turning to smart technologies to simplify tasks, from home automation to virtual assistance. An impressive 724 million Indians are already integrated into the AI ecosystem, a number expected to grow by 6% annually. These users engage with … Read more
We, as an economy, are on the cusp of a future powered by artificial intelligence (AI). This year is set to experience explosive growth in areas like AI-driven quantitative investing, cryptocurrency derivatives, and quantum data analytics. As we traverse new frontiers of investment opportunities unlocked by AI, it is crucial to maintain an equilibrium. Trust … Read more
Like competition regulators elsewhere in the world, the Competition Commission of India (CCI) has decided to look at the impact deployment of artificial intelligence (AI) tools can have on markets. It has started the process of commissioning an external body to study recent developments and provide insights that will help it develop a comprehensive understanding … Read more
That hunger for the new has only accelerated. In March Anthropic launched Claude 3, which bested the previous top models from OpenAI and Google on various leaderboards. On April 9th OpenAI reclaimed the crown (on some measures) by tweaking its model. On April 18th Meta released Llama 3, which early results suggest is the most … Read more
IN A RECENT survey of North American chief executives and chief financial officers, nearly 80% listed corporate culture as one of the five most important factors driving their company’s financial performance. A growing body of empirical evidence supports their belief that culture matters—and can boost profitability. Yet, in the same survey, an even higher number … Read more
President Joe Biden and Japanese Prime Minister Fumio Kishida have enlisted Amazon.com Inc. and Nvidia Corp. to fund a new joint artificial intelligence research program, as the two nations look to improve collaboration around the quickly emerging technology. The $50 million project will be a joint effort between the University of Washington in Seattle and … Read more
For decades linguists have argued over how children learn language. Some think that babies are born as “blank slates” who pick up language simply from experience—hearing, seeing and playing with the world. Others argue that experience is not enough and that babies’ brains must be hardwired to make acquiring language easy. AI models such as … Read more