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News on Medial
RBI partners with McKinsey and Accenture to leverage AI and ML
Startup News FYI
·
1y ago
Medial
The Reserve Bank of India (RBI) has partnered with consulting firms McKinsey and Accenture to harness the power of artificial intelligence (AI) and machine learning (ML) for enhancing its supervisory functions. The collaboration aims to leverage advanced technologies to improve the RBI's oversight of financial institutions, enhance risk assessment, and strengthen regulatory processes in the banking sector.
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RBI selects McKinsey, Accenture to develop AI & ML based system for supervision on banks and NBFCs
IndianStartupNews
·
1y ago
Medial
The RBI has chosen McKinsey and Accenture to develop AI and ML systems for supervisory tasks, following an EoI invitation last year. These firms were selected from a shortlist of seven, with a contract worth Rs 91 crore. The project aims to optimize data attributes for better supervision inputs, enhancing financial stability across various institutions under RBI's purview.
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Accenture opens genAI studio in Bengaluru
Economic Times
·
1y ago
Medial
Accenture has launched a generative AI studio in Bengaluru, India. The studio aims to develop genAI capabilities for enterprises to optimize their business processes. It will offer a full stack of services, including a proprietary genAI model, customization techniques, model managed services, and training programs. The studio is part of Accenture's $3 billion investment in data and AI. With increasing importance placed on AI, Accenture aims to help clients leverage generative AI to reinvent their businesses and achieve new levels of performance.
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Accenture, Adobe join forces to develop personalised gen-AI solutions
Economic Times
·
1y ago
Medial
Accenture has partnered with Adobe to develop industry-specific solutions using Adobe Firefly and other generative AI models. The collaboration aims to integrate Adobe Firefly Custom Models into Accenture Song's marketing services, providing organisations with industry-specific information to train models on their own data and brand guidelines. Initially, the solutions will focus on retail, automotive, financial services, and healthcare industries. This partnership will leverage Accenture's data and AI capabilities, along with its systematic approach to responsible AI, to drive unified brand experiences and accelerate content supply chain transformation.
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Accenture to acquire edtech Udacity to accelerate capabilities of Accenture LearnVantage
IndianStartupNews
·
1y ago
Medial
Accenture has announced a $1 billion investment in its new initiative, Accenture LearnVantage, which aims to address the skills gap in technology, data, and AI. The company plans to acquire educational platform Udacity to deliver personalized and industry-specific training. Accenture's existing commitment to upskilling includes over $1 billion annual investment in learning and training for its workforce. The partnership with Udacity will enhance its offerings and bring in expertise in content, services, and scalable learning technology. Accenture LearnVantage will collaborate with technology partners to provide advanced AI content and relevant training.
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A&M India hires former McKinsey, Accenture execs to strengthen top deck
VCCircle
·
7m ago
Medial
Alvarez & Marsal (A&M) has hired two senior executives to strengthen its energy and resources practice in India. The professional services and turnaround firm appointed Kunwar Vijayant Singh, a former partner at McKinsey & Company, and Ranajit Sahu, a former executive at Accenture. A&M has been focused on enhancing its leadership teams in various verticals.
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GSI plans to install AI for use in mineral exploration
Economic Times
·
1y ago
Medial
The Geological Survey of India (GSI) plans to leverage advanced technologies such as drones, artificial intelligence (AI), and machine learning (ML) for more accurate mineral exploration. This move is expected to enhance efficiency, save time and resources, and uncover hidden mineral deposits. GSI Director General Janardan Prasad highlighted the accuracy of AI and ML in delineating potential mineralization areas, emphasizing the use of these technologies for efficient exploration. Mines Secretary V L Kantha Rao urged exploration agencies and startups to focus on critical minerals, potash, and concealed deposits while adopting new-age technologies like AI and ML to expedite exploration activities.
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Alvarez & Marsal hires former KPMG cybersecurity veteran
VCCircle
·
5m ago
Medial
Alvarez & Marsal has appointed Chandra Prakash Suryawanshi, a former KPMG executive, as Managing Director to lead its disputes and investigations practice, focusing on cyber risk services in India. With over 25 years in cybersecurity, Suryawanshi will enhance A&M’s expertise in cyber risk advisory and incident response. This appointment aligns with the firm’s broader strategy of strengthening leadership across various sectors, reflected in several recent senior hires from prestigious firms like Accenture and McKinsey.
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Another Accenture exec departs: Tyler Buffie moves to EY as principal - The Economic Times
Economic Times
·
1m ago
Medial
Tyler Buffie, after a 13-year tenure at Accenture, has joined EY as a principal to focus on data and AI strategy, promoting innovation with ethical governance and business value. Previously the managing director at Accenture, Buffie announced his transition on LinkedIn, expressing gratitude for his past experiences. His move marks the second instance this year of an Accenture executive leaving for another company amidst restructuring, with Accenture yet to announce his replacement.
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Accenture, NVIDIA announce new business group to help enterprises scale AI adoption
Money Control
·
10m ago
Medial
- Accenture and NVIDIA have formed a new business group to help enterprises scale their AI adoption. - The Accenture-NVIDIA Business Group will focus on reinventing processes and scaling enterprise AI adoption with AI agents. - The group aims to accelerate momentum with Generative AI (Gen AI) and drive new levels of productivity and growth. - Accenture's AI Refinery, which utilizes the full NVIDIA AI stack, will help clients lay the foundation for agentic AI functionality. - Accenture's Gen AI bookings have been steadily increasing, with $1 billion in new bookings in Q4 alone. - Accenture will also debut an agent blueprint for virtual facility robot fleet simulation to enable autonomous, robot-operated software-defined factories.
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Ex-BharatPe CPO Ankur Jain Launches Healthcare-Focussed Startup Jivi AI
Inc42
·
1y ago
Medial
Former chief product officer of BharatPe, Ankur Jain, has launched a new AI-based startup called Jivi AI. The startup aims to leverage generative AI to improve healthcare outcomes for 8 billion people. Led by an interdisciplinary team of experts, Jivi AI is utilizing AI to transform healthcare. Jain, who co-founded and became CEO of Jivi AI, was previously with BharatPe for three and a half years before stepping down to launch his own AI-ML startup. The Indian GenAI market is growing rapidly, with projections of reaching over $17 billion by 2030.
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