Artificial Intelligence
Broadcom shares slump as revenue target disappoints investors hoping for big AI boost
Broadcom posted big declines in revenues from its broadband and non-AI networking divisions on Thursday, while a hike in its forecast for AI chip sales failed to impress growth-hungry investors who have driven a more than 35% increase in its shares so far this year.
Telangana signs MoU for establishment of World Trade Centre within its AI City
The campus will offer world-class office spaces, trade services, training facilities, retail and entertainment zones, co-living spaces, a luxury hotel, and primary healthcare facilities—all in line with the vision of Telangana’s leadership to develop an integrated mini smart city that embodies a "walk-to-work" concept.
OpenAI considers pricier subscriptions to its Chatbot AI
OpenAI is considering higher-priced subscriptions for its upcoming large language models, including the reasoning-focused Strawberry and a new flagship model called Orion. Internal discussions have suggested prices up to $2,000 per month. This comes as OpenAI's ChatGPT Plus currently costs $20 a month and has over 200 million weekly active users.
After a lull, industrial metaverse adoption picking up across industries: Experts
Industry executives and experts said the industrial metaverse--which refers to the digital world that mirrors the physical world, leveraging the technologies--has found the right price points to generate good returns on investment (RoI) with supporting technologies scaling up. “Industrial metaverse has gone through its waves,” said Sreenivasa Chakravarti, vice president, IOT and digital engineering, TCS.
Telangana doubles down on AI focus with its Global AI Summit
At the heart of Telangana's AI strategy is the establishment of the AI City, a 200-acre hub near Hyderabad, dedicated to AI research, development, and application. He said the project would place Telangana at the epicentre of global AI innovation, offering cutting-edge compute facilities, expansive data lakes, and robust connectivity.
Goavega expects 30-35% growth, healthy pipeline for AI-driven product engineering services
The AI market is expected to grow to $2 trillion by 2030. As of last year, 73% of US companies across industries are utilising AI in some form. However, as businesses across the globe increasingly recognise the potential of AI to drive growth and innovation, many need help to implement these technologies effectively.
UK clears Microsoft's partnership with Inflection AI
The CMA said that even before being bought, Inflection had a small portion of UK visits for chatbots and AI tools and, unlike its rivals, couldn't significantly grow or maintain its chatbot users.
US, Britain, EU to sign agreement on AI standards: report
The three would sign the Council of Europe's convention on AI on Thursday, the newspaper said, adding that the convention was drafted for over two years by more than 50 countries including Canada, Israel, Japan and Australia.
Australia plans AI rules on human oversight, transparency
Australia's centre-left government plans to introduce targeted AI rules with human intervention and transparency amid rapid AI tool adoption. Industry Minister Ed Husic announced 10 new voluntary guidelines and a consultation on making them mandatory in high-risk settings, emphasizing the need for protections against unintended consequences.
OpenAI cofounder Sutskever's new safety-focused AI startup SSI raises $1 billion
The funding underlines how some investors are still willing to make outsized bets on exceptional talent focused on foundational AI research. That's despite a general waning in interest towards funding such companies which can be unprofitable for some time, and which has caused several startup founders to leave their posts for tech giants.
