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Computers unleashed economic growth. Will artificial intelligence?
Livemint
·
6m ago
Medial
The adoption of AI has not yet triggered the dramatic economic transformation initially anticipated, similar to the early computer era, where productivity gains were delayed. Despite significant technological advancements, businesses are slow to integrate AI into operations, and investments in AI-related technology remain low. Historical parallels suggest that productivity booms occur after significant structural changes and investments, indicating that AI's full economic impact may emerge more gradually than expected.
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Mission Possible: Ingredients are here for India to manufacture AI, lead AI revolution, says Nvidia's Jensen Huang
Economic Times
·
9m ago
Medial
Artificial Intelligence (AI) will not replace humans but rather elevate their capabilities, according to Jensen Huang, the founder and CEO of chip maker Nvidia. He believes that AI will make computers a tool for everyone, as it enhances efficiency and productivity. Huang also emphasizes the importance for the IT services industry in India to shift from being a cost-reduction back office to leading the AI revolution and becoming an innovation hub. He praises India's digital ecosystem and expresses optimism about the country's potential to leverage AI for economic growth and development.
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SoftBank's Masayoshi Son says AI will surpass human intelligence in a decade
Economic Times
·
1y ago
Medial
SoftBank's CEO, Masayoshi Son, predicts that artificial intelligence (AI) will surpass human intelligence within the next decade. Son believes that AI will not only exceed human intelligence but will also be able to understand human emotions. He notes that this advancement in AI will have a profound impact on various industries and will be a major driver of economic growth globally.
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Lenovo starts AI server production in Puducherry
Inshorts
·
10m ago
Medial
Amid India rapidly pushing its growth to become a leading artificial intelligence hub, Chinese technology major Lenovo has reportedly started building AI servers in the country’s southern pocket, moving beyond products such as laptops and smartphones. According to Bloomberg’s report, the company has kicked off manufacturing large and powerful computers in Puducherry.
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Apple launches new, more powerful versions of MacBook Pro
Economic Times
·
9m ago
Medial
Apple has released new versions of the MacBook Pro targeting professional users in need of more powerful chips for editing purposes. The new laptops start at $1,599 and feature the upgraded M4 Pro and M4 Max processors. This move comes as consumers are increasingly looking to upgrade their personal computers to handle artificial intelligence tools effectively. The PC market is expected to rebound in 2024, driven by the demand for AI-enabled PCs, and Apple's recent releases, including colorful iMac desktop computers with the M4 chip and Apple Intelligence features, align with these trends.
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Tech helps Singapore economy top forecasts in third quarter
Economic Times
·
10m ago
Medial
Singapore's economy exceeded expectations in Q3 due to increased demand for computer chips and artificial intelligence-related products. The manufacturing sector, particularly tech manufacturing, drove the 4.1% YoY growth. The government has revised its economic growth forecast for the year and expects growth to surpass the upper end of the range. The Monetary Authority of Singapore will maintain the current exchange rate to manage inflation. The ongoing upswing in electronics and trade cycles, along with improved global financial conditions, are expected to sustain Singapore's growth for the rest of 2024.
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AI will not only solve challenges for India but also for the world: Satya Nadella
Economic Times
·
1y ago
Medial
In an interview with ET, Satya Nadella, the CEO of Microsoft, expressed his belief that artificial intelligence (AI) will not only help address India's unique challenges and drive productivity and societal benefits but will also have relevance for the rest of the world. He discussed the importance of adopting new technologies like AI at scale and highlighted Indian enterprises' creativity and imagination in leveraging AI solutions. Nadella emphasized the potential of AI to accelerate India's economic growth and address structural challenges, offering a competitive advantage and benefiting the global community.
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Imperative for India, US to cooperate on AI norms, other regulations: Satya Nadella
Economic Times
·
1y ago
Medial
Microsoft CEO Satya Nadella emphasized the need for cooperation between India and the US on artificial intelligence regulations and norms. He expressed that this partnership can contribute to the equitable distribution of economic growth. During a visit to India, Nadella announced that Microsoft aims to provide 20 lakh people in India with AI skilling opportunities by 2025. He also highlighted the potential of AI in boosting India's GDP growth, considering it as one of the highest growth markets.
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Europe to double spending on generative AI in 2024: Infosys Research
Economic Times
·
1y ago
Medial
According to Infosys Research, Europe is projected to double its spending on generative AI by 2024. The report highlights the growing adoption of artificial intelligence technologies in various sectors across Europe, including healthcare, manufacturing, and finance. The increased investment in generative AI is expected to drive innovation and productivity in these industries, leading to significant economic growth in the region.
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Apple explores AI deals with news publishers
Economic Times
·
1y ago
Medial
Apple is reportedly in talks with major news organizations, including Condé Nast, NBC News, and IAC, seeking permission to use their content in developing generative artificial intelligence systems. Apple is offering multiyear deals worth at least $50 million to license news archives, marking its entry into the generative AI race. The technology allows computers to create images and chat like humans. Some publishers are cautious, expressing concerns about Apple's expansive terms and lack of clarity on how generative AI will be applied to the news industry.
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EU sees 'convergence' with Japan on AI: official
Economic Times
·
1y ago
Medial
The European Union (EU) and Japan are showing convergence in their approach to generative artificial intelligence (AI), according to European Commission Vice-President Vera Jourova. While the EU has implemented strict regulations on AI with its AI Act, Japan is adopting more flexible guidelines for economic growth. The EU and Japan are deepening their cooperation on AI, cybersecurity, and chips for economic security. Discussions within the Group of Seven (G7) industrial powers are underway to establish guidelines and a code of conduct for companies involved in AI.
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