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‘AI is a priority for most chief executives’

Livemint

Livemint · 2y ago

‘AI is a priority for most chief executives’

India Inc. is grappling with issues such as developing company culture while working remotely, changing expectations of the workforce, and concerns around AI and job security, according to Joe Hart, the global president and CEO of Dale Carnegie

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China tells its AI leaders to avoid US travel over security concerns

Livemint

Livemint · 5m ago

China tells its AI leaders to avoid US travel over security concerns

Chinese authorities are advising AI entrepreneurs and researchers to avoid U.S. visits over security concerns that experts may divulge sensitive information or face detainment. This reflects China's focus on AI as a strategic priority amidst U.S.-China tensions. There's guidance, not a ban, for tech executives to limit U.S. travel. The move signifies widening gaps in U.S.-China tech relations due to geopolitical tensions and pushes towards China's tech self-sufficiency.

Indian business leaders prioritise AI adoption, but talent gap looms: LinkedIn report

YourStory

YourStory · 6m ago

Indian business leaders prioritise AI adoption, but talent gap looms: LinkedIn report

A LinkedIn report highlights that AI adoption is a priority for Indian business leaders, but finding skilled professionals remains challenging. Around 54% of HR professionals say most job applications don't meet qualifications, with technical skills like software development and AI being scarce. Companies are thus selective in hiring, opting for those meeting over 80% of qualifications. Moreover, there's a strong emphasis on upskilling and adopting a skills-first hiring approach to maximize AI's potential.

Apple Considers Buying AI Startup Perplexity

Inc42 · 2m ago

Apple Considers Buying AI Startup Perplexity

Apple is reportedly considering acquiring the AI startup Perplexity to enhance its AI capabilities. Internal discussions are being held among Apple executives, including head of mergers and acquisitions Adrian Perica and services chief Eddy Cue. The potential acquisition is at an early stage, with no direct engagement yet with Perplexity’s executives. Apple aims to integrate Perplexity’s AI search engine with its Safari browser, although no formal offers have been made.

Nvidia chief makes case for AI-first companies

Livemint

Livemint · 10m ago

Nvidia chief makes case for AI-first companies

Nvidia CEO Jensen Huang spoke at Gartner’s IT Symposium/Xpo event, urging companies to embrace artificial intelligence (AI) to prepare for a "new industrial revolution". Huang stressed that chief executives and CIOs must start implementing AI to transform their organisations. Nvidia has already put AI to work in chip design, software writing and supply chain management. Huang discussed the long-term goal of creating an "AI brain" that uses knowledge of how a business operates to provide a conversational interface for executives. He also emphasised the need to turn private data into AI and the importance of programming to interact with AI agents.

AI puts CIOs in the spotlight, right next to the CEO

Livemint

Livemint · 1y ago

AI puts CIOs in the spotlight, right next to the CEO

More chief information officers (CIOs) are reporting directly to chief executives instead of chief financial officers, highlighting the increasing importance of the role in shaping corporate AI strategies. In recent years, the percentage of US CIOs reporting to CEOs has risen from 41% in 2015 to 52% in 2023, according to Deloitte. This change signals the recognition of technology's strategic value, with generative AI being led from the top and viewed as a profit driver rather than just a cost and support function. CIOs now have the opportunity to shape the narrative around AI and guide their organizations accordingly.

Turning OpenAI into a real business is tearing it apart

Livemint

Livemint · 11m ago

Turning OpenAI into a real business is tearing it apart

OpenAI, which has gained significant attention as a leading AI research lab, is experiencing internal conflicts and a series of high-profile departures. The company's original mission to develop AI for public benefit is clashing with the push to develop profitable products. Critics argue that rushed product announcements, safety testing issues, and competition from rival companies have hindered OpenAI's progress. The departure of key executives, including the chief technology officer, highlights the challenges the company is facing as it transitions to becoming a for-profit corporation. However, OpenAI remains committed to advancing AI research and enhancing its product offerings.

Indian-origin ex-Meta executives' AI startup Yutori raises $15 mn

Inshorts · 5m ago

Indian-origin ex-Meta executives' AI startup Yutori raises $15 mn

Two Indian origin former Meta AI executives have raised $15 million for Yutori, a San Francisco-based startup that will develop AI personal assistants, the company confirmed. The funding round was led by Rob Toews at Radical Ventures with participation from other investors like Google DeepMind chief scientist Jeff Dean. Yutori was founded by Devi Parikh, Dhruv Batra and Abhishek Das.

Prosus delays Indian payments firm PayU IPO to enhance business operations

Economic Times

Economic Times · 2m ago

Prosus delays Indian payments firm PayU IPO to enhance business operations

Dutch technology investor Prosus is delaying the IPO of Indian digital payments and lending firm PayU this year to focus on improving the business over the next six to twelve months, according to Prosus's Chief Financial Officer Nico Marais. While they initially aimed to list PayU by 2025, enhancing business operations has taken priority for now.

Anthropic to Raise $2 Billion at $60 Billion Valuation, Months After Amazon Funding

OutlookIndia

OutlookIndia · 7m ago

Anthropic to Raise $2 Billion at $60 Billion Valuation, Months After Amazon Funding

Anthropic, an AI startup, plans to raise $2 billion at a $60 billion valuation, following a $4 billion investment from Amazon. If successful, Anthropic will rank as the fifth most valuable U.S. startup, after SpaceX, OpenAI, Stripe, and Databricks. Co-founded by former OpenAI executives, Anthropic focuses on developing AI models like Claude, competing in the AI race with companies like xAI and Google Deepmind. The funding round is reportedly led by Lightspeed Venture Partners.

Tata Neu’s two more senior executives resign within four months

Inc42 · 1y ago

Tata Neu’s two more senior executives resign within four months

Tata Digital's ecommerce superapp Tata Neu is set to see two more senior executives, Pavan Podila and Samir Aksekar, leave the company in the coming weeks. Podila, the chief software architect, and Aksekar, the chief information security officer, joined in 2021. The company did not comment on their next move. This comes after other senior executives have also resigned in the past year, leading to leadership reshuffling within Tata Digital. The Tata Group is reportedly planning a $1 billion investment in its super app venture, Tata Neu.

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