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AI will lead to concentration of wealth, power; must use AI for solving social challenges: Nilekani - The Economic Times

Economic Times

Economic Times · 3m ago

AI will lead to concentration of wealth, power; must use AI for solving social challenges: Nilekani - The Economic Times

Infosys co-founder Nandan Nilekani emphasizes the potential of AI to concentrate wealth and power but advocates using it to address pressing social issues in healthcare and education for a billion people. He suggests India focus on applying AI to solve these real-world challenges rather than entering an expensive AI race. Nilekani also expresses reservations about universal basic income, promoting AI's role in enhancing human potential and delivering high-quality citizen services innovatively and efficiently.

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Technology will decide economic leadership and a nation's power: Niti Aayog - The Economic Times

Economic Times

Economic Times · 2m ago

Technology will decide economic leadership and a nation's power: Niti Aayog - The Economic Times

Debjani Ghosh from NITI Aayog emphasizes that technology leadership will shape national power, with an emphasis on controlling AI and semiconductors. Identifying early trends is crucial for gaining an edge. N Chandrasekaran from Tata Sons highlights AI's potential in economic growth, skilling, and solving fundamental issues. The AI for Viksit Bharat Roadmap and NITI Frontier Tech Repository were launched to accelerate economic growth and address societal challenges effectively.

A perfect storm of colliding trends is raging: Nandan Nilekani - The Economic Times

Economic Times

Economic Times · 4m ago

A perfect storm of colliding trends is raging: Nandan Nilekani - The Economic Times

Infosys chairman Nandan Nilekani highlighted global challenges such as tariff wars and energy transitions during the AGM. He emphasized the fragmentation of global markets and the need for supply chain diversification and AI adoption. Infosys is actively training employees in AI and developing numerous generative AI projects. Nilekani stressed the importance of addressing regulatory barriers and innovation in energy sectors. Furthermore, he reassured shareholders of Infosys’ stability and relevance amid these challenges.

Giving Nvidia's Blackwell chip to China would slash US's AI advantage, experts say - The Economic Times

Economic Times

Economic Times · 17d ago

Giving Nvidia's Blackwell chip to China would slash US's AI advantage, experts say - The Economic Times

Allowing Nvidia's downgraded B30A AI chips into China could significantly erode the U.S.'s AI advantage by essentially nullifying export controls designed to limit China's military and AI development. Analysts warn this could lead to China surpassing the U.S. in AI computing power by 2026, with even minor chip exports reducing the U.S. lead significantly. This shift could transform global technological dynamics, challenging U.S. dominance in AI.

Infosys cofounder Nandan Nilekani on AI commoditisation, data, and the rise of Indian startups

Economic Times

Economic Times · 8m ago

Infosys cofounder Nandan Nilekani on AI commoditisation, data, and the rise of Indian startups

Infosys cofounder Nandan Nilekani emphasized the commoditization of AI models, suggesting the real challenge lies in applying AI to create value. He praised China's cost-effective, open AI model-building approach and noted that quality data, like AI4Bharat’s Indian language data, is crucial for progress. Nilekani highlighted India's startup boom, with numbers rising from 1,000 in 2016 to 150,000, powered by innovative use and increased capital. Rohini Nilekani stressed equal public and private AI infrastructure.

New York's ban on addictive social media feeds for kids takes shape with proposed rules - The Economic Times

Economic Times

Economic Times · 2m ago

New York's ban on addictive social media feeds for kids takes shape with proposed rules - The Economic Times

New York's Attorney General proposed regulations to limit addictive social media feeds for children, enforcing the SAFE for Kids Act. The rules mandate age verification and parental consent for personalized feeds for users under 18 to address the youth mental health crisis. Companies must implement methods to confirm age and parental consent effectively. With finalized rules expected within 180 days, the initiative aims to mitigate excessive social media use among children and teenagers.

Elon Musk wins $1 trillion Tesla payday - The Economic Times

Economic Times

Economic Times · 9d ago

Elon Musk wins $1 trillion Tesla payday - The Economic Times

Tesla shareholders approved a massive pay deal potentially making Elon Musk the first trillionaire, highlighting America's wealth divide. While Tesla supports a winner-takes-all capitalism model, other voices, like New York voters, demand fairer wealth distribution. The plan rewards Musk for achieving ambitious goals, expanding Tesla’s valuation from $1.4 trillion to $8.5 trillion. Critics argue this concentrates too much wealth and power in one person’s hands, contrasting progressive calls for broader economic equality.

Salesforce Cuts 4,000 Jobs as AI Reshapes Customer Service

StartupTalky

StartupTalky · 2m ago

Salesforce Cuts 4,000 Jobs as AI Reshapes Customer Service

Salesforce is laying off 4,000 customer support roles, reducing the support team by 45%, as AI increasingly handles routine tasks, according to CEO Marc Benioff. AI currently manages 50% of client interactions and helps with a vast sales lead backlog. This trend reflects in various industries, making repetitive jobs vulnerable to automation. To stay relevant, workers must enhance skills like problem-solving and critical thinking to work alongside AI technologies, emphasizing adaptability in an AI-driven economy.

India beats global average in employees using AI: report - The Economic Times

Economic Times

Economic Times · 4m ago

India beats global average in employees using AI: report - The Economic Times

India leads in AI adoption, with 92% of employees regularly using generative AI tools, according to a Boston Consulting Group report. Despite the widespread use, nearly half of Indian employees fear job displacement over the next decade due to AI. The Global South, including India and the Middle East, shows significant AI integration. To harness AI's potential responsibly, companies must invest in workforce upskilling, process redesign, and leadership alignment around AI strategy.

India uniquely poised to combine sprawling DPI with power of AI: Nandan Nilekani

YourStory

YourStory · 7m ago

India uniquely poised to combine sprawling DPI with power of AI: Nandan Nilekani

India is well-positioned to integrate its digital public infrastructure (DPI) with AI for transformative applications, says Infosys chairman Nandan Nilekani. Speaking at Carnegie India's Global Technology Summit, Nilekani discussed the challenges of scaling AI, emphasizing its potential to enhance DPI and improve lives affordably. He highlighted the importance of safe, secure, and responsible AI, noting that while AI adoption globally is accelerating, India could lead in scalable, low-cost AI implementations, leveraging its existing digital foundation.

Gemini’s gold-medal AI model is live, announces Sundar Pichai - The Economic Times

Economic Times

Economic Times · 3m ago

Gemini’s gold-medal AI model is live, announces Sundar Pichai - The Economic Times

Google's AI model, Gemini 2.5 Deep Think, has been integrated into the Gemini app and trialed among mathematicians for feedback. This model reached gold-medal standards at the International Math Olympiad, marking a first for AI systems. It incorporates parallel thinking for problem-solving, achieving state-of-the-art performance in coding and scientific literature comprehension. Future developments suggest AI's potential in solving complex mathematical issues, as stated by scholars and Google executives.

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