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News on Medial
Apple's AI push intensifies Big Tech race. Gen AI commercialization next?
Livemint
·
1y ago
Medial
Apple has announced its entry into the generative AI race with the launch of 'Apple Intelligence'. The company aims to leverage recent developments in generative AI and large language models to build powerful and privacy-centric AI capabilities. Apple's AI features will process data on-device and run narrow AI models for specific tasks, with the option to use an on-cloud generative AI service for more recent data or context. The features will include text and summarization generation, image editing, call recording with transcription, contextually prioritized notifications, and more. Apple's focus on privacy and on-device processing has been welcomed by industry experts.
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Apple needs its big AI moment
Business Insider
·
1y ago
Medial
Apple's upcoming Worldwide Developers Conference (WWDC) in June is highly anticipated, but the lack of a big generative AI announcement so far is noticeable. Other tech giants like OpenAI, Microsoft, and Google have recently showcased their advancements in artificial intelligence. Apple's CEO Tim Cook mentioned "big opportunities" for generative AI, and there are speculations of potential partnerships with OpenAI and Google. Despite being late to the AI race, analysts believe Apple's strong consumer base and seamless product ecosystem could still give them an advantage. The WWDC will be crucial for Apple to address AI and retain investor interest.
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Weekly Tech Recap: iPhone 16 series debuts, OnePlus 13 launch confirmed and more
Livemint
·
11m ago
Medial
This week's tech recap includes the launch of Apple's iPhone 16 series, featuring new AI features and competitive pricing. OpenAI released o1, a language model with enhanced reasoning capabilities. Motorola launched the Razr 50, a foldable phone with impressive specs. WhatsApp is reportedly working on a two-way voice chat feature for its AI chatbot. OnePlus confirmed the launch of the OnePlus 13 next month, expected to be powered by Qualcomm's Snapdragon 8 Gen 4 chipset.
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Apple buys itself some time for an AI boost
Livemint
·
1y ago
Medial
Apple has announced the largest boost ever to its stock buyback program, amounting to $90 billion. This comes after the company reported a decline in iPhone revenue for the fiscal second quarter, the largest drop in nearly four years. However, Apple's overall revenue and operating income met expectations, with better-than-expected revenue from Mac sales and services. The company also projected a low single-digit increase in revenue for the June quarter. Apple's stock rose more than 6% in after-hours trading following the announcement. The slump in iPhone sales is a concern for Apple, as the smartphone still accounts for over half of its total revenue. The company is now faced with the challenge of the next iPhone cycle and potentially entering the race over generative artificial intelligence alongside its tech peers. Apple's Worldwide Developers Conference next month may shed light on the company's future software advances and potential AI-focused developments.
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Yantra announces invest Rs.100 Crore in India's gen AI market
OutlookIndia
·
1y ago
Medial
Yantra Tech Innovation Labs Pvt Ltd (Yantra) has announced a Rs. 100 crore investment in India's Gen AI market. The company plans to hire 500 skilled professionals in the next two years. With offices worldwide, Yantra collaborates with CFOs and CIOs to develop Gen AI-led solutions for finance, operations, and business transformation initiatives. The investment aims to expand service offerings and enhance the capabilities of Yantra's Centre of Excellence in Pune, further driving technological advancements in India's Gen AI market.
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Bhavish Aggarwal-Led Krutrim’s Chatbot Raises Eyebrows Over Inaccuracies
Inc42
·
1y ago
Medial
The recently launched AI chatbot by Indian unicorn Krutrim has received criticism on social media after its beta release. Users have found the chatbot's responses to be inaccurate and lacking proper training. Despite its similarities to OpenAI's ChatGPT and Google's Gemini, the Krutrim chatbot has faced doubts about its precision and readiness for a public rollout. Nevertheless, Krutrim remains hopeful and plans to improve the chatbot based on feedback. As competition in the AI space intensifies, Krutrim aims to establish itself as a viable contender among big tech players.
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Meta Hires ChatGPT Co-Creator Shengjia Zhao
StartupTalky
·
28d ago
Medial
Meta has appointed Shengjia Zhao, co-creator of ChatGPT, as the chief scientist for Meta Superintelligence Labs, as announced by CEO Mark Zuckerberg. The lab aims to push advancements in AI, supported by a $14 billion investment in Scale AI. Zhao, alongside former Scale AI CEO Alexandr Wang, will lead initiatives to develop "full general intelligence" and open-source AI models. This move highlights Meta's strategic focus on AI development and intensifies the competition for AI expertise in the industry.
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Apple approaches $4 trillion valuation as investors bet on AI momentum
Economic Times
·
8m ago
Medial
Apple's stock market valuation is approaching a historic $4 trillion, boosted by investor excitement over the company's AI advancements and expectations of a supercycle of iPhone upgrades. With a 16% jump in shares since early November, Apple has surpassed Nvidia and Microsoft in the race to the milestone. The growing interest in artificial intelligence and Apple's integration of ChatGPT from OpenAI have driven investor enthusiasm. Despite concerns about muted iPhone demand, analysts expect a rebound in revenue for iPhones in 2025. Apple's strong position in the tech sector and enduring dominance contribute to its approaching $4 trillion market capitalization.
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Intel — the age of the AI PC is here, and it's going to change how you work forever
Techradar
·
1y ago
Medial
The concept of AI PCs, powered by artificial intelligence, is gaining popularity among hardware manufacturers. Intel is at the forefront of this movement with its new vPro platform, designed for next-gen AI-powered devices. The company believes that AI has the potential to transform business productivity, security, and content creation. With Microsoft's push towards AI through initiatives like OpenAI and Copilot, having an AI-ready PC is becoming essential. Intel aims to provide AI experiences to businesses, focusing on productivity, security, manageability, and stability. This transition is crucial as Windows 10 support ends in 2025.
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Sarvam, India’s most-funded gen-AI startup, takes to the Big Tech playbook
Livemint
·
2m ago
Medial
Sarvam, India's most-funded gen-AI startup, plans to adopt a full-stack AI approach to expand its business, backed by government subsidies. The IIT Madras-incubated company gained subsidized access to processing chips to build Indian AI models and aims to emulate successful Big Tech strategies. Amid speculation on government support and its innovation strategy, Sarvam intends to focus on both model development and the application layer to enhance its offerings, with more announcements expected soon.
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Apple scurries onto the AI stage with too little, too late
Gizmodo
·
1y ago
Medial
Apple has quietly launched MLX, an open-source machine learning framework designed to run on Apple's chips. Although it may bring generative AI apps to Apple products in the future, it seems Apple has fallen behind in the AI space, with Google and OpenAI already battling it out with their advanced AI products. However, Apple's CEO Tim Cook has developed an internal chatbot service called "AppleGPT," and the company's Head of AI, John Giannandrea, aims to power Siri with generative AI. Apple's push into AI comes late compared to rivals like Google and Microsoft.
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