BUSINESS
How the government's GPU for startups programme could be structured
Pramod Verma, former chief architect of India's digital identity programme Aadhaar, said the government faces challenges in traditional procurement because of time-consuming bureaucratic and logistical issues.
TECHNOLOGY
Mustafa Suleyman becomes Microsoft AI’s CEO: 7 things to know about the British AI pioneer
Suleyman was the co-founder of the AI startup DeepMind which was acquired by Google, and most recently he co-founded Inflection AI.
TECHNOLOGY
India's youngest millionaire? Narayana Murthy gifts four-month-old grandson shares worth Rs 240 crore in Infosys
Post this acquisition, Narayana Murthy's share in Infosys reduced to 0.36 percent from 0.40 percent, or over 1.51 crore shares. The mode of transaction was "off-market."
TECHNOLOGY
Is Devin coming for an engineer's job? New AI software engineer can write, debug and deploy code
Experts unanimously agree that while Devin's capabilities may represent a significant leap forward in automation, it's not entirely unprecedented.
BUSINESS
Tech wants govt to prioritise access to data under IndiaAI Mission
Experts say that new chipsets and techniques are evolving fast, and if processes for data collection are not sped up, India would be left behind.
TECHNOLOGY
Tech industry struggles to find a middle ground on LLMs, ESG goals
In an effort to lower the energy cost and carbon footprint of building generative AI models, companies are actively working to find solutions and develop alternative green technologies to adhere to their Environmental, Social and Governance goals.
BUSINESS
IIT-Madras’ lab AI4Bharat launches IndicVoices dataset covering 22 languages
Using IndicVoices, AI4Bharat aims to build IndicASR, the first Automatic Speech Recognition (ASR) model to support all the 22 languages listed in the 8th schedule of the Constitution of India.
BUSINESS
GCC spree pushes up demand for data centres, enters list of top sectors
GCCs operating in the technology and telecom vertical constitute about 27 percent of the data centre demand, followed by banking, financial services, and insurance (BFSI) at 20 percent.
BUSINESS
Is Anthropic’s Claude 3 better than ChatGPT and Gemini? All you need to know
The Google and Amazon backed startup claims its models can beat OpenAI’s GPT-4 and Google’s Gemini, the best in the business till now, on a number of parameters including undergraduate-level knowledge and graduate-level reasoning.
BUSINESS
Govt’s AI advisory regressive, clarification vague: Experts
Experts say the advisory and certain terms used in the subsequent clarification by the Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar on the matter, are ambiguous and vague.
BUSINESS
Psychometric tests, higher score, hand-written codes: Tech companies make freshers sweat for an offer
Placement officials told Moneycontrol that companies are demanding expert-level skills and coding flair from college graduates.
BUSINESS
US-based fintech HighRadius sacks CTO Tanuj Vohra, say sources
Rationale behind the decision to part ways with Vohra are “misalignment of priorities” and “unproductive working relationship"
BUSINESS
IT companies say GCCs won't hit revenues, forge more tie-ups
TCS and Capgemini have facilitated the establishment of GCCs within their own premises for clients
BUSINESS
GCCs not 'cannibalising' IT services revenue, says Capgemini's Ananth Chandramouli
Ultimately, the GCCs need to ponder whether system integrators (SE) such as Capgimini are competitors anymore, Chandramouli said.
BUSINESS
Working on 300 generative AI projects, says Capgemini
Yardi said generative AI is a "great opportunity" for both services industries and clients to leverage AI and drive revenues for their respective organisations.
BUSINESS
India stands to lose if US lobbyists win in restricting open source software, says former Coursera CEO Andrew Ng
The founder and CEO of Landing AI said that there has been “intense lobbying efforts” from some of the big tech companies, which have made some significant investments and training in large AI models.
BUSINESS
AI hallucinations will largely be eliminated by next year, says DeepMind’s Mustafa Suleyman
Suleyman said eliminating hallucination would have a dramatic impact on education because these conversational AI's are friendly and fluent.
BUSINESS
Nothing special about human mind that can't be reproduced by AI: DeepMind's Mustafa Suleyman
AI would be very useful without consciousness and not with it because it will be quite a slippery concept, said Mustafa Suleyman
BUSINESS
Karnataka, Tamil Nadu woo GCCs with incentives in state budgets
The two southern states, which produce lakhs of engineering graduates every year, are looking to attract more GCCs to invest at a time when Indian IT firms have slowed down hiring in a weak macro environment.
BUSINESS
Indian tech industry will add only 60,000 jobs in FY24 against 2.7 lakh in FY23: Nasscom
Nasscom said the industry over-hired during the COVID year, therefore the IT industry is seeing some level of correction, which is "expected" and "needed".
BUSINESS
IT industry growth halves to 3.8% in FY24 vs 8.4% in FY23: Nasscom
Overall growth projection has slowed down to 3.8%, as compared to an 8.4 percent growth the tech industry body had projected in the previous fiscal year.
BUSINESS
Karnataka Budget 2024: Government to introduce Global Capability Centre Policy to boost investment
A GCC is a dedicated offshore unit established by a company in a foreign country to in-source IT and other related business functions.
TECHNOLOGY
Capria Ventures to launch $100 million India-focused fund for applied GenAI startups in first half of 2024
Capria Ventures' India-focused fund will invest in sectors such as fintech, job-tech, and software-as-a-service edtech.
BUSINESS
HCLTech warns employees to report to office thrice a week or face disciplinary action
“Non-compliance... will be treated as unauthorised absence and call for disciplinary action in line with company policy,” the company said in the missive.
