The relentless stream of AI headlines makes it hard to get a sense of which businesses are real winners in the AI boom—and which will win in the longer run. To help answer this question The Economist has looked where value has accrued so far and how this tallies with the expected sales of products … Read more
In recent weeks, some of the best-known players in artificial intelligence have intensified their efforts to gain dominance in the AI space. Anthropic, a startup backed by Google and Amazon, launched Claude 3 Opus. Google launched Gemini, but is back to the drawing board after facing complaints. Meta is spending billions to create AGI, or … Read more
NEW DELHI : The government’s move to amend its 1 March advisory mandating companies developing GenAI- and AI-based tools and features to take explicit government consent before releasing them in the market was welcomed by industry players, as they wouldn’t now need to take any permissions. The amended advisory was issued on 15 March, which … Read more
The Cabinet meeting of 7 March, chaired by the PM, which approved the comprehensive national-level IndiaAI mission with a budget outlay of ₹10,371 crore, should allay the fears. The money allocated to help build the all-critical GPU infrastructure through a public-private partnership model addresses the infrastructure gap that many feared would hold back India’s AI … Read more
Google CEO Sundar Pichai faced some intense backlash in the past few days over the inaccuracies in its artificial intelligence Gemini image generator. But, his close rival Microsoft doesn’t seem to doubt the ability of the tech giant in the AI space. In a latest podcast Microsoft CEO, Satya Nadella said that Google “should have … Read more
AS PUPILS AND students return to classrooms and lecture halls for the new year, it is striking to reflect on how little education has changed in recent decades. Laptops and interactive whiteboards hardly constitute disruption. Many parents bewildered by how their children shop or socialise would be unruffled by how they are taught. The sector … Read more
A new generative AI-powered innovation seems to emerge with every passing day, and in the latest iteration of this sequence, Adobe announced on Wednesday that it is working on a new proprietary tool called Project Music GenAI Control, which will allow users to create music using only text prompts and also edit these clips without … Read more
There are kinder ways to put it. In its instructions to users, OpenAI warns that ChatGPT “can make mistakes”. Anthropic, an American AI company, says that its LLM Claude “may display incorrect or harmful information”; Google’s Gemini warns users to “double-check its responses”. The throughline is this: no matter how fluent and confident AI-generated text … Read more
MUMBAI : The AI prosecutor or defence attorney isn’t on the horizon, but large Indian law firms are moving rapidly to adopt artificial intelligence to carry out a string of ‘simple’ tasks including research, drafting and client presentations, helping them achieve efficiency and leaving the lawyers to focus on litigation. Those entering the legal profession, … Read more
Google parent Alphabet’s CEO Sundar Pichai is likely to be fired or will resign soon amid the Gemini debacle — as he should, believes Helios Capital founder Samir Arora. Replying to a user on social media site X (formerly Twitter), who asked for Arora’s opinion on the controversies surrounding Google worldwide released AI chatbot Gemini, … Read more