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News on Medial
AI is coming for the past, too
Economic Times
·
1y ago
Medial
The article discusses the growing concern over the use of generative AI to manipulate historical records and create false documents. While there are reasons for optimism about society's ability to identify fake media in the future, the past remains vulnerable. Throughout history, various political powers have altered the historical record for their own gain. Creating watermarked versions of historical documents could help detect subsequent forgeries. Both government and industry have incentives to support this effort, as it would serve as a valuable public good and protect against manipulation of historical narratives.
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SoftBank Group Eyes $100 Billion Chip Venture For AI Semiconductors
OutlookIndia
·
1y ago
Medial
Japanese investment firm SoftBank Group is considering the establishment of a $100 billion chip venture to supply AI-enabling semiconductors. The project, called Izanagi, would complement SoftBank's chip design company Arm Holdings. SoftBank is expected to invest $30 billion in the venture, with an additional $70 billion coming from Middle Eastern institutions. SoftBank's shares have surged by 30% in the past 10 trading days, thanks in part to Arm's success. The company currently has ¥6.2 trillion ($41 billion) in cash and cash equivalents.
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AI firm C5i acquires marketing analytics firm Analytic Edge
Economic Times
·
1y ago
Medial
C5i, an artificial intelligence and analytics services provider, has acquired marketing analytics company Analytic Edge for an undisclosed amount. This is C5i's second acquisition in the past year. The acquisition is valued at $30-40 million and will enhance C5i's capabilities in marketing spend optimization, real-time pricing intelligence, and promotion optimization. C5i aims to achieve a turnover of Rs 1,000 crore in the coming fiscal year and is considering a listing in India. The company specializes in generative AI solutions and believes that synthetic data creation will have a significant impact on the data analytics industry.
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Let's be friends, we were both wrong: Sam Altman to Elon Musk
Inshorts
·
2m ago
Medial
OpenAI CEO Sam Altman asked billionaire Elon Musk to be his friend and said, "See you next week...AGI [is] too important to let a little feud get in the way." This comes amid a conflict between the two over their past criticisms of US President Donald Trump. "We were both wrong, or at least I certainly was," said Altman.
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What Accenture’s hiring spree means for Indian IT industry
Livemint
·
7m ago
Medial
Accenture has added 49,000 employees globally in the past six months, signaling an optimistic outlook for the technology services industry. This hiring spree suggests that homegrown IT services companies, such as Tata Consultancy Services, Infosys, and Wipro, could also experience better growth in the coming months. As the IT industry rebounds, increasing headcount will be necessary to meet the growing demand for tech services. Accenture's hiring focus has been primarily in India, where a skilled talent pool is available. The demand for skilled graduates in fields like AI and data analytics has risen, reflecting the preference of companies for specific expertise in new technologies.
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OpenAI teases a new open source AI model.
The Verge
·
1m ago
Medial
OpenAI is set to release a new open-weight language model with advanced reasoning capabilities in the coming months, as announced by CEO Sam Altman. This development follows previous discussions about releasing such a model, as highlighted in a Reddit AMA where Altman acknowledged past resistance to open-weight models. OpenAI's aim is to collaborate with developers to maximize the model's utility. Sam Altman expressed enthusiasm for making this upcoming release very effective and useful.
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“In 10 years, all bets are off”—Anthropic CEO opposes decadelong freeze on state AI laws
Arstechnica
·
2m ago
Medial
Anthropic CEO Dario Amodei opposes a proposed 10-year moratorium on state AI regulation, arguing it's too long as AI evolves rapidly. Instead, he suggests a federal transparency standard requiring AI developers to disclose testing and safety measures. Amodei emphasizes AI's transformative potential, although some skepticism exists. He believes transparency is vital as AI complexity grows, advocating for legislative standards to ensure continued openness and prevent regulatory patchwork that could hinder America's global competitiveness.
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Cryptoverse: AI tokens outpace record-breaking bitcoin
Economic Times
·
1y ago
Medial
The booming AI industry has had a significant impact on the cryptocurrency market. AI-focused crypto coins have surged in value, outpacing even bitcoin's rise over the past year. These tokens, with a combined market value of $26.4 billion, are up between 145% and 297% in the past 30 days. Analysts believe that blockchain technology and cryptocurrencies can address challenges faced by the AI industry. The CoinDesk Computing Index, which includes AI-linked tokens, has risen by 165% in the past year. However, it is important to wisely choose AI and blockchain projects, as the potential of many tokens remains uncertain.
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DBS to 'shrink workforce' by 4,000 in 3 years due to AI adoption
YourStory
·
5m ago
Medial
DBS Group plans to reduce its workforce by 10% over three years due to increased AI adoption, CEO Piyush Gupta announced. The Singaporean bank is facing challenges in creating new jobs amidst AI integration, unlike past technology adoptions. DBS is cautiously using AI in customer outreach but is expanding its application across operations, including credit underwriting and hiring. Despite earlier digital transformations, AI's impact is prompting workforce reductions, with past attempts at job repurposing now more challenging.
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China grew R&D & industry together, India has work to do here: Vembu
Inshorts
·
1y ago
Medial
Zoho CEO Sridhar Vembu said China's rise over past 20 years has been "astounding". "It's important to realise that China's rise in R&D happened along with her rise in industrial prowess...India has lot of work to do here," Vembu said. "India can rise too and we don't need everything to be perfect. We need optimism and can-do spirit," he added.
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Navi to bring a new angle to UPI, says founder Sachin Bansal
The Arc Web
·
1y ago
Medial
Navi Technologies, the fintech startup launched by Flipkart's co-founder Sachin Bansal, is planning to launch its unified payments interface (UPI) in the coming months. With dominant players like PhonePe and Google Pay in the UPI market, Navi aims to bring a new angle to UPI, although specific details have not been disclosed. Navi has primarily focused on offering personal loans and has seen significant growth in its loan book over the past 18 months. Bansal also mentioned plans to expand partnerships with financial institutions. Navi is waiting for regulatory approval to reapply for a banking license after selling off its microfinance business.
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