Today in AI: India’s AI uprising, AI offers banks new ways to repeat old mistakes and UK top court on AI

(Image: Moneycontrol)

India's AI uprising: Can a challenger emerge in the LLM marathon?

While questions linger, recent developments paint a different picture. Indian companies are quietly building LLMs, each with ambitious goals and unique strengths.

As the world watches the high-stakes arena of LLM heating up, one question burns bright: where does India stand in this digital marathon? While questions linger, recent developments paint a different picture. Indian companies are quietly building LLMs, each with ambitious goals and unique strengths.

AI offers banks new ways to repeat old mistakes

In September, Morgan Stanley became one of the first major banks to roll out a true generative AI tool in its business — an internal chatbot for its financial advisers based on OpenAI’s technology.

Several big banks started the year by banning staff from experimenting with ChatGPT in their day jobs. They were concerned about the factual errors, “hallucinations” and risks of plagiarism inherent to the public version of the text-generation tool. Behind the scenes however, the same lenders have been scrambling for tech talent, while exploring how they might use generative AI and what it could do better than the predictive AI, or machine learning, tools used for years in fraud detection and anti-money laundering work.

AI cannot be patent 'inventor', UK Supreme Court rules in landmark case

Thaler appealed to the UK’s Supreme Court, which on Wednesday unanimously rejected his appeal.

Stephen Thaler wanted two patents in the UK over inventions he says were devised by his "creativity machine" called DABUS. His attempt to register the patents was refused by Britain’s Intellectual Property Office on the grounds that the inventor must be a human or a company, rather than a machine.