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Google launches Gemini 1.5, claims AI can parse troves of content in seconds

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Google unveiled Gemini 1.5, an upgraded AI model, boasting improved efficiency and expanded capabilities, allowing analysis of vast content with up to 30,000 lines of code or 11 hours of audio.

Reading War and Peace, Leo Tolstoy’s monumental novel that runs half a million words long and often over 1,000 pages, might be a minute-long affair for a new artificial intelligence model from Google.

The Alphabet-owned company on Thursday showcased Gemini 1.5, an upgrade to its suite of AI models it announced two months ago. In a single prompt, a user can ask Google’s AI to analyse vastly more content than before — 30,000 lines of code, 11 hours of audio, a whole hour of video, Google said.

That’s for Pro, the family’s mid-sized model. In concrete terms, Pro can process 1 million pieces of data known as tokens — five times the amount that Anthropic, perhaps the closest competitor in this regard, handles in a query of its Claude 2.1 technology.

Reuters was unable to independently test the claims.

Google’s increasingly voracious AI, on the heels of releases by ChatGPT’s creator OpenAI and others, reflects the rapid arms race underway in Silicon Valley to build the most capable – and marketable – technology yet.

In an interview with Reuters, Alphabet CEO Sundar Pichai heralded the advance as one of multiple ”breakthroughs” that would fuel his company’s myriad businesses. At root, he said, the search-industry mainstay was making a new manner of inquiry possible.

”You’re dramatically giving a wider view for people to ask questions about the world.”

One example that Google discussed internally is how a movie maker could ask the AI to judge a rough-cut film like a critic would, Pichai said. ”This is just one use case we were talking about as a team, but the sky’s the limit here,” he said.

Another: querying several companies’ financial reports in one go, said Pichai. Press demos showed how the AI could extract information from a 44-minute video in about 59 seconds, as well as multimodal prompts, in which a user asked the AI to respond to a combination of text and imagery.

Beyond imparting updated technology to Google Search and YouTube, Alphabet is looking to Gemini 1.5 to draw customers to its cloud unit. Locked in competition with bigger rival and OpenAI’s backer Microsoft, Alphabet recently saw a rebound in sales growth for the division.

Beginning Thursday, Google said it would open its million-token AI to a limited number of business customers, while any developer could build with version 1.0 and swap in the latest generation once available.

Asked when such powerful AI models, typically cost-intensive, would be profitable for Alphabet, Pichai said: ”These are profitable things for us to do. Also, over time, we will be very, very efficient at running these models.”

Efficiency was another improvement Google highlighted for Gemini 1.5. Google said it implemented a less onerous way for the AI to gather information known as a ”mixture of experts,” in line with its prior research and a competitor’s recent announcement.

One company official likened the approach to calling a savant to answer a question, rather than dialling every person one knows.

Also read: UAE backs Sam Altman’s idea to turn itself into an AI testing ground

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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UAE backs Sam Altman’s idea to turn itself into an AI testing ground

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

The UAE aims to take the lead in AI testing and regulation, echoing OpenAI’s CEO Sam Altman’s views. UAE’s Minister of State for AI sees an opportunity to become a global regulatory hub.

The United Arab Emirates will push to become a global leader in testing and regulating artificial intelligence technology, according to a top official, echoing remarks from OpenAI’s Chief Executive Officer Sam Altman earlier this week.

Altman’s belief that the UAE can become the “hub for pragmatic regulation” shows the “UAE is a serious player” in the AI space, the UAE’s Minister of State for Artificial Intelligence Omar Al Olama told Bloomberg in an interview at the World Government Summit in Dubai on Thursday. “That is an opportunity I personally want to see happen, it is something we are going to push for.”

Altman, who is courting investors in the Middle East, said at the same conference that the Gulf country could serve as the world’s “regulatory sandbox” — a place to experiment with AI technologies and later spearhead global rules limiting their use.

The UAE has invested heavily in AI and made it a key policy consideration, but its ties to China have raised some concerns in the US. Earlier this week, Emirati AI company G42 told Bloomberg it would scale back its presence in China to appease Washington.

Al Olama described the UAE as a “very strong partner” to the US. “All our technological foundations and infrastructure have been related to American companies, that is not going to change anytime soon,” he said.

But that partnership won’t rule out working with Chinese companies, the minister added. “I don’t think you can say you need one and don’t need the other.”

A massive influx of tech workers since 2021 is helping fuel the Gulf state’s AI ambitions. As of September, 120,000 people were working in AI or AI-related industries — up from 30,000 two years prior, Al Olama said.

Also read: OpenAI is in talks to raise new funding at a valuation of $100 billion or more

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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IBM Report | India leads the world in workplace AI deployment

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

IBM Global AI Adoption Index 2023 | India, with 59% of enterprise-scale organisations actively incorporating artificial intelligence (AI) into their business operations, has the highest deployment rate among the countries surveyed.

IBM’s Global AI Adoption Index 2023 report has found that 59% of enterprise-scale organisations in India — with over 1,000 employees — have actively incorporated artificial intelligence (AI) into their business operations. The study states that India has the highest deployment rate among the countries surveyed.

The research also shed light on the fact that early adopters in India, constituting 74% of surveyed enterprises, have accelerated their investments in AI over the past 24 months. Areas such as research and development (R&D) and workforce reskilling have witnessed substantial AI integration.

Skills gap remains the biggest barrier to AI adoption in India

However, the study noted that the top five barriers hindering successful AI adoption at enterprises, both exploring or deploying AI, are limited AI skills and expertise (30%), lack of tools/platforms for developing AI models (28%), AI projects being too complex or difficult to integrate and scale (27%), ethical concerns (26%) and too much data complexity (25%).

Addressing these challenges is expected to be a priority in 2024, the study stated, with a focus on providing relevant skills and implementing a robust AI governance framework.

Sandip Patel, Managing Director of IBM India & South Asia, highlighted the potential for even greater AI adoption: “The increase in AI adoption and investments by Indian enterprises is a good indicator that they are already experiencing the benefits from AI. However, there is still a significant opportunity to accelerate as many businesses are hesitant to move beyond experimentation and deploy AI at scale.”

Patel emphasised the importance of data and AI governance tools for responsible AI model development, stating that without proper governance, AI could expose companies to issues such as data privacy concerns, legal complications, and ethical dilemmas.

Key highlights

Steady AI adoption at large organisations: Currently, 59% of IT professionals at large organisations in India report active deployment of AI, with an additional 27% actively exploring its use.

Accelerated investments: A notable 74% of IT professionals in companies deploying or exploring AI indicate an acceleration of investments in areas like R&D, reskilling, and building proprietary AI solutions over the past 24 months.

Skills gap challenges: The skills gap remains the most significant barrier to AI adoption in India, with limited AI skills and expertise identified by 30% of respondents.

Trustworthy AI: 94% of respondents underscore the importance of being able to explain how their AI model reached a decision, indicating a strong correlation between trust and AI adoption.

Workforce impact: AI is already impacting the workforce, with companies using AI to address labour shortages by automating manual tasks, implementing customer self-service solutions, and enhancing recruitment and human resources.

As AI continues to evolve, IBM’s report suggested that India is poised to lead the way in AI adoption, with the need for skill development and ethical considerations serving as crucial focal points in the months to come.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Workplace collaboration tool Slack introduces AI features

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

The new tools include personalised search, channel recaps, and thread summaries. Slack also said AI integration with Salesforce CRM’s Einstein Copilot and more features are in development.

Slack, the workplace collaboration platform, has unveiled new AI features which it said are designed to streamline work processes and improve productivity. Salesforce-owned Slack, through these features, aims to make it easier for employees to access relevant information,

Slack, quoting a report by Gartner, stated that nearly half of digital workers (47%) struggle to find the information they need, impacting decision-making processes. Slack AI introduces features such as personalised search answers, channel recaps, and thread summaries.

The personalised search function is positioned as a solution for enterprise search, providing instant and tailored responses to user queries. This feature eliminates the need for users to sift through multiple results by delivering clear and concise responses based on the user’s company’s public communications and personal conversations.

Also read: TSMC surges $42 billion amid AI development frenzy, becomes world’s 12th most valuable company

Channel recaps offer key highlights from any channel with a single click, simplifying the process of catching up on important information. Thread summaries aim to provide brief overviews of lengthy conversations, allowing users to stay informed without delving into every message.

Slack said in a blog post that a pilot programme saw companies including SpotOn, Uber, and Anthropic reporting an average time saving of 97 minutes per user each week using Slack AI.

In addition to native features, Slack said over 13,400 custom internal apps with AI capabilities have been created by customers, and the partner ecosystem is actively incorporating AI into various apps to enhance collaboration.

Slack AI also plans to introduce digests summarising key highlights from channels. A native AI integration with Einstein Copilot, a conversational AI assistant for Salesforce CRM (customer relationship management), is also in development, the platform said.

Also read: Nokia unveils AI assistant for industrial workers

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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What is Google’s Gemini and how much does it cost

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Google’s decision to rebrand Bard as Gemini aligns with Alphabet’s strategy to establish Gemini as the primary brand for both present and forthcoming AI endeavours.

In a move to consolidate its artificial intelligence (AI) efforts, Google has announced the rebranding of its AI chatbot Bard to Gemini, accompanied by the introduction of a paid tier and expansion to mobile devices. This development marks a significant step for Google’s parent company, Alphabet, positioning Gemini as the primary brand for current and future AI initiatives, akin to Microsoft’s approach with its Copilot brand.

Alphabet had initially introduced Gemini as a family of AI models anticipated to drive the next wave of AI advancements. This transformation follows the merger of Google’s AI research units, DeepMind and Google Brain, into a unified division called Google DeepMind, led by DeepMind CEO Demis Hassabis.

Alphabet CEO Sundar Pichai emphasised the evolution of Gemini beyond mere models, stating, “Gemini is evolving to be more than just the models. It supports an entire ecosystem — from the products that billions of people use every day, to the APIs and platforms helping developers and businesses innovate.”

The rebranding of Bard into Gemini is intended to mirror the advanced technology at its core. Gemini will be available globally in over 40 languages across more than 230 countries and territories, maintaining its foundation on the Gemini Pro AI model.

Gemini Advanced: Unlocking New Capabilities

Gemini Advanced
Gemini Advanced will allow users access to Google’s largest and most capable AI model Gemini Ultra 1.0

Formerly known as Bard Advanced, Gemini Advanced has been introduced, providing users access to Google’s most powerful AI model, Gemini Ultra 1.0. Sissie Hsiao, Vice President and General Manager of Gemini Experiences (formerly Bard) and Google Assistant, highlighted the enhanced capabilities of Gemini Advanced in handling complex tasks such as coding, logical reasoning, and collaborative creative projects.

.Hsiao stated, “Gemini Advanced is more capable of highly complex tasks like coding, logical reasoning, understanding nuanced instructions, and collaborating on creative projects. It also better understands context from the user’s previous prompts.” The advanced tier aims to serve as a personal tutor and aid content creators in generating fresh, tailored material.

Additional features exclusive to Gemini Advanced are on the horizon, including expanded multimodal capabilities, interactive coding features, and enhanced data analysis capabilities.

Gemini Advanced: A Paid Tier Unveiled

Google One plansGemini Advanced is now part of the new Google One AI Premium Plan, priced at $19.99 per month, featuring an initial two-month free trial. This premium plan, available in over 150 countries and territories, offers 2 terabytes of storage, alongside premium benefits like extended group video calls and enhanced appointment scheduling.

Gemini Goes Mobile

In a bid to make Gemini more accessible, Google is launching a dedicated Gemini App on Android and incorporating Gemini into the flagship iOS app. This enables users to interact with Gemini through typing, voice commands, or image input for various tasks on the go.

Sissie Hsiao emphasized the significance of this step, stating, “It’s an important first step in building a true AI assistant — one that is conversational, multimodal, and helpful.”

Gemini Mobile

Android users can opt-in to make Gemini their primary assistant, allowing access through standard activation methods like the power button or voice commands. The Gemini app will support various Google Assistant voice features, indicating a potential replacement for the existing Google Assistant over time.

While Gemini will initially be available in English on Android and iOS in the United States, broader availability is expected in the coming weeks, with plans to expand language support to the Asia Pacific region and beyond.

Also read: Maharashtra signs deal with Google for AI-led development

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Maharashtra signs deal with Google for AI-led development

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Google partners with the Government of Maharashtra to implement AI solutions in agriculture, healthcare, and sustainability. The collaboration includes the establishment of an AI Centre of Excellence and focuses on skills development, entrepreneurship, and innovative applications in key sectors.

Google has entered into a collaborative partnership with the Government of Maharashtra to advance innovative and scalable solutions in key sectors, including agriculture, healthcare, sustainability, education, and startups, the company said in a press release. The collaboration aims to harness the benefits of artificial intelligence (AI) and contribute to the development of the state. The Memorandum of Understanding (MoU) was signed by Sanjay Gupta, Country Head & Vice President, Google India, and Nitin Kareer, Chief Secretary of Maharashtra.

Under the agreement, the Government of Maharashtra will leverage Google’s AI leadership and technological expertise to explore new possibilities in land record management, disease detection, urban environment resilience, and AI upskilling, among other areas.

The government will establish a state-of-the-art AI Center of Excellence at IIIT Nagpur as part of the collaboration.

Deputy Chief Minister Devendra Fadnavis said, “We see AI as the key to unlocking a more prosperous, equitable, and sustainable future for the State and are excited to partner with Google on this journey.”

Sanjay Gupta, Country Head & VP, Google India, stated, “We aim to empower citizens, create new opportunities, foster a thriving innovation ecosystem, and bring the transformative power of AI to the people of Maharashtra.”

Also read: Alphabet is seeking outside investment for its GFiber internet business

Key Areas of Collaboration

AI Innovation and Entrepreneurship: Google will support the AI ecosystem in Maharashtra by providing startups with mentorship, networking opportunities, and demo days with Google experts and industry leaders. Select startups will have the chance to connect with investors. Google’s AI Startup programme will offer eligible VC-funded AI startups with Cloud credits, technical training, and business support.

AI Skilling: Google will assist government-led skills training and education initiatives by launching high-demand skills courses on YouTube, providing a train-the-trainer programme for educators, and equipping 500 government IT professionals with conversational AI skills through Google Cloud.

AI for Healthcare: The collaboration aims to explore the adoption of human-centred AI in healthcare by utilizing helpful medical AI tools for population-scale impact. Google and its partners will engage with the state to provide state-of-the-art Health AI imaging models, such as TB-Chest X-Ray and Diabetic Retinopathy, to increase access to care through AI-enabled screening.

AI for Agriculture: Google will provide the state with its Agricultural Landscape Understanding (ALU) API, offering in-depth insights about farmland using remote sensing AI/ML technology. This data will support the development of innovative, data-driven agricultural initiatives in the state.

Sustainability: The collaboration will focus on sharing AI-powered tools for environmental resilience, including real-time air pollution monitoring with air quality sensors, training city planners to leverage AI-powered building footprints, and using Google AI to optimise traffic lights under Project Greenlight, aiming to improve urban mobility and reduce carbon emissions.

In addition, Google Cloud’s AI and machine learning technologies will be explored to enable the development of pilot solutions for citizen questions and feedback, government scheme access, and an AI-powered pilot for farmer assistance in Maharashtra.

Also read: Google removes 2,200 fraudulent loan apps from Play Store: MoS Finance

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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EXCLUSIVE | Satya Nadella says Microsoft aims to ‘Copilot’ India’s AI transformation

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Microsoft CEO Satya Nadella pledges to be India’s AI Copilot, aiming to lead the nation in AI advancements, create products, and contribute globally.

Microsoft CEO, Satya Nadella, envisions the tech giant as India’s AI Copilot, steering the nation into the realm of artificial intelligence (AI) advancements. Nadella expressed this commitment during an exclusive interview with CNBC-TV18 on Wednesday, February 7.

“I want us to be the copilot for India as it really takes advantage of AI, creates its own AI products across all of these sectors, and exports them to the world,” stated Nadella during the conversation.

Nadella, who arrived in Mumbai for a two-day visit with AI as the central theme for 2024, emphasised India’s significant opportunity to leverage general-purpose technology, including AI and generative AI, across public and private sectors. “India has a tremendous opportunity to use general-purpose technology such as AI and generative AI in a broad sectoral way in both public and private sectors and across industry,” Nadella remarked.

Microsoft’s commitment extends to investing in India not only as a source of human capital producing global products but also by providing cutting-edge technology to support clients, particularly in the information technology services sector.

Also read: Microsoft CEO Satya Nadella says AI-led business could be 10% of a $5 trillion Indian economy: Exclusive

Nadella acknowledged the transformative impact of AI on economic productivity, noting that it stands out as a general-purpose technology with a far-reaching impact. The CEO pointed out areas such as software development and frontline work in retail and healthcare experiencing significant growth due to AI integration.

*”I was very stunned… on seeing how some of the leading model work we had done was diffusing in India, and even in something like the public sector,”* Nadella revealed, highlighting the positive reception of AI advancements in the country.

Addressing concerns about job displacement due to AI, Nadella highlighted the advantage of this generation of AI, reducing the learning curve and enabling mid-career professionals to acquire new skills faster. He sees the AI era as one of “expertise at your fingertips” in fields like retail and healthcare, emphasising that wages may improve as more expert work is performed by non-experts.

While acknowledging the inevitability of job losses with the introduction of new technology, Nadella expressed optimism, stating, “But I also am very optimistic that we even have both the policy tools and the actual tools to help us manage this transition in a net positive way for even a country like India.”

Also read: Exclusive | Interview: Microsoft CEO Satya Nadella outlines next-generation AI solutions vision

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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EXCLUSIVE | Microsoft CEO Satya Nadella embraces global competition in the age of AI

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Microsoft CEO Satya Nadella embraces global AI competition, emphasising readiness for challenges from all comers. Nadella expresses admiration for tech giants’ innovation, and acknowledges the significance of monitoring new entrants for ongoing progress.

Microsoft CEO Satya Nadella discussed the company’s stance on competition, highlighting the evolving landscape in the age of artificial intelligence (AI). In an exclusive interview with CNBC-TV18, Nadella emphasised that the source of competition is not limited to traditional rivals but extends to various sectors, including new entrants and tech giants.

Nadella acknowledged the rapid advancements made by big tech peers, expressing admiration for the impressive work accomplished by companies within the industry. He views this healthy competition among tech giants as a positive force, fostering innovation and creating opportunities for the world to benefit.

“It’s going to come from everywhere,” Nadella remarked when asked about his perspective on competition. This broad perspective underscores Microsoft’s readiness to face challenges from all quarters, recognizing that breakthroughs in AI are not exclusive to a single company.

“I think it’s very healthy when you have all of the folks competing with each other, which means it’s creating a real opportunity for the world to benefit,” he added.

Also read: Exclusive | Interview: Microsoft CEO Satya Nadella outlines next-generation AI solutions vision

The Microsoft CEO pointed out the significance of keeping an eye on new entrants, cautioning against underestimating their potential impact. Nadella cited OpenAI as an example, noting that the organisation wouldn’t have existed without Microsoft’s early support. However, he emphasised that OpenAI has grown into a highly credible company, illustrating the dynamism of the industry.

“…whenever anyone gets excited about the existing incumbents, you have to watch out for new entrants, and Open AI is a great example, after all. OpenAI wouldn’t have existed without our support early on, but they are a very credible company today. And we are excited to be able to sort of really play our part in it,” Nadella added.

Nadella’s comments highlight Microsoft’s commitment to staying at the forefront of AI innovation and its willingness to adapt to an ever-changing competitive landscape. His comments indicate that the company recognises the importance of collaboration and competition in driving progress and bringing about positive developments for the world.

Also read: Microsoft CEO Satya Nadella says AI-led business could be 10% of a $5 trillion Indian economy: Exclusive

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
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EXCLUSIVE | AI is a big factor in job markets, says Finance Minister Nirmala Sitharaman

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The Finance Minister said, “With AI coming in, job requirements are also changing. New skills are in demand,” she said. 

Finance Minister Nirmala Sitharaman, in an exclusive interview with Network18’s Editor-in-Chief Rahul Joshi a day after she presented the interm Budget, talked about the impact of artificial intelligence (AI) on employment in India.

The Finance Minister was speaking against the backdrop of the muted job market in India — the economy is doing well. Still, campus recruitment this year has been muted, Joshi said, further observing that salaries have been lower and many students have yet to get a job offer.

Sitharaman said the job economy should consider not just those in the formal sector. “The jobs that are getting created in the middle and lower order are not getting counted at all,” she said.

She backed up her assertion by pointing at more new companies getting registered now than ever and said this could not happen without employment being generated.

“Companies cannot operate in a vacuum, without human beings. So I think a fairer, open and exhaustive picture of India’s employment, both in the formal and non-formal areas,, will have to have some kind of wider base — we need to bring in such data so that the discussion can be more informed,” the minister said.

This is when the conversation pivoted to the impact of the global slowdown on jobs, especially at the higher end — IIM campuses, engineering colleges etc. Sitharaman said the advent of AI means there needs to be a recalibration on several fronts to understand exactly how it will affect the jobs market.

“Because of how AI is coming, the kind of job requirements that are expected of recruits are also changing. So the people with old skill sets are now expected to have additional, newer, skill sets to enter a certain area, which, till now, did not exist. So we are certain lots of calibrations are required in understanding this,” the Finance Minister said.

Also read: EXCLUSIVE| Highlights of the interview with India’s Finance Minister post budget 2024

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Budget 2024: India poised to leverage AI opportunities, says CII President R Dinesh

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

CII President R Dinesh is optimistic about India’s AI potential. He stressed the need for a comprehensive AI policy and emphasised the role of digital public infrastructure in creating value. Dinesh sees challenges in upskilling but foresees opportunities for the country in AI.

R Dinesh, President of the Confederation of Indian Industry (CII), expressed optimism about India’s position to harness the potential of Artificial Intelligence (AI) during a panel discussion on the eve of the interim Budget. The discussion, part of CNBC-TV18’s special ‘Budget Countdown’, highlighted the government’s focused approach and Prime Minister Narendra Modi’s recognition of the significance of AI in the country’s growth.

Dinesh emphasised that India is better placed than ever to reap the benefits of AI, citing the government’s commitment to fostering technological advancements. He commended the government’s proactive stance, which, he believes, is crucial for creating an environment conducive to the growth of AI.

“I think this government has been very focused. The Prime Minister himself has made it very clear that AI in India will be used in the best manner possible, responsibly,” said Dinesh during the panel discussion.

He underscored the need for a comprehensive policy or mission dedicated to AI, indicating that a thoughtful approach is necessary for ensuring the technology’s responsible and effective implementation across sectors.

Also read: 12 income tax terms you should know ahead of Budget 2024

One of the key factors contributing to India’s advantage in the AI landscape, as highlighted by Dinesh, is the country’s robust digital public infrastructure. He emphasised that this infrastructure could play a pivotal role in creating significant value for both individuals involved in AI and the nation as a whole.

“If you look at how we have derived the advantage out of the digital transition, and also utilisation of digital public infrastructure, I believe we can take the lead on the AI side,” Dinesh said.

He noted that it would not be easy. “It may (be) a challenge in terms of what we would call the typical low-end, back-end jobs, but having said that, it gives us an advantage in upskilling and providing for an opportunity to create better value for both the people and the country as a whole. This is going to require a sharp focus in terms of upskilling people, and providing the necessary support.”

As the country awaits the presentation of the interim Budget by Finance Minister Nirmala Sitharaman, Dinesh’s insights shed light on the potential focus areas that could further propel India into a leadership position in the global AI landscape.

Also read: Significance of health and infrastructure upgrades another key to development, emphasises Murmu

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
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Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?