“AI itself is at an early stage right now, so more sophisticated and efficient use cases of AI will mature over time. But, India is playing a vital role in the development of AI around the world, and development of Indian AI platforms will be key to the growth of this market,” Chandok said. The … Read more
Fund of funds (FoFs) that invest in overseas exchange traded funds (ETFs) will stop accepting fresh inflows from 1 April as the mutual fund industry is close to hitting its $1-billion limit to invest in overseas ETFs. However, investors can still diversify globally as some international funds have headroom to invest in international stocks. These … Read more
Trustbusters have big tech in their sights. On March 25th the European Commission opened a probe into Apple, Alphabet (Google’s parent company) and Meta (which is Facebook’s). Regulators in Brussels think the measures which the American technology behemoths have put in place to comply with the Digital Markets Act, a sweeping new law meant to … Read more
A collaboration between tech giants Microsoft and OpenAI is reportedly underway, with plans for a groundbreaking data center project that could see the emergence of an artificial intelligence supercomputer named “Stargate” by 2028, according to a recent report by The Information. The ambitious venture, which could carry a price tag of up to $100 billion, … Read more
One reason the world’s corporate elite jet off to Davos each year is to check in on important relationships, be they with critical suppliers or big-spending clients. This year many are wondering about their relationships with Microsoft and OpenAI , the startup behind ChatGPT. The companies are the world’s most prominent purveyors of artificial intelligence … Read more
Microsoft is said to be doubling down on its commitment to infuse artificial intelligence (AI) into its products, with reports indicating a robust ‘AI Explorer’ feature in the pipeline for Windows 11. According to insights from Windows Central, the forthcoming Windows 11 update is likely to feature AI Explorer, marking a significant leap in user … Read more
At the same time, big tech’s sales of AI software remain small. In the past year AI has accounted for only about a fifth of the growth in revenues at Azure, Microsoft’s cloud-computing division, and related services. Alphabet and Amazon do not reveal their AI-related sales, but analysts suspect they are lower than those of … Read more
GENERATIVE ARTIFICIAL INTELLIGENCE (AI) will transform the workplace. The International Monetary Fund reckons that AI tools, which includes ones that produce text or images from written prompts, will eventually affect 40% of jobs. Goldman Sachs, a bank, says that the technology could replace 300m jobs worldwide. Sceptics say those estimates exaggerate. But some industries seem … Read more
Elon Musk filed a lawsuit against ChatGPT-maker OpenAI on Thursday over its relationship with the tech giant Microsoft. A former board member of the OpenAI, Elon Musk has alleged that the artificial intelligence company compromised from its original mission to build AI systems for public welfare and transformed into a profit maximization entity under Microsoft. … Read more
During Apple’s annual shareholder meeting on Wednesday, CEO Tim Cook announced the company’s plans to provide more details about its utilization of generative artificial intelligence later this year. Cook emphasized Apple’s significant investment in this area, highlighting the breakthrough potential for generative AI in enhancing productivity and problem-solving capabilities for users. While Apple has been … Read more