AIM

In our September 2024 print edition of AIM, we had the honor of sitting down with AI pioneer Yann LeCun. In this in-depth interview, Yann shares his latest research insights and critiques the evolving dynamics of AI citations. Don't miss this candid conversation, where he also discusses his thoughts on long-time collaborator Jürgen Schmidhuber. 🔗 Access the full interview in our online edition here: https://lnkd.in/g27MtyH4

“IN-SPACe plays a crucial role in boosting the private space sector economy in India. We act as a promoter, enabler, authoriser, and supervisor, ensuring a conducive environment for private enterprises,” said Dr. Vinod Kumar, FIE, FIETE, Director at IN-SPACe, during Cypher 2024 hosted by AIM Media House. In recent years, the Indian Space Research Organisation (ISRO) has made significant strides in space exploration, fostering a thriving ecosystem of industries and MSMEs that serve as vital supply chain partners in the development of launch vehicles and satellites. This collaborative effort marks a transformative shift in India’s space landscape. A key milestone came in 2020 when the Union Cabinet, under the Prime Minister’s leadership, opened up the space sector to Indian private entities. To facilitate this transition, the government established IN-SPACe, an independent, single-window agency within the Department of Space (DOS), dedicated to promoting and enabling private sector participation in space activities. Read more: https://lnkd.in/gfDMz-s8

Bangalore has solidified its reputation as India's tech powerhouse, now emerging as the go-to hub for top BFSI tech talent. According to the latest Instahyre Report, the city leads in sourcing professionals for critical roles like Frontend, Backend, DevOps, and Data Science, outpacing Pune and Hyderabad. Notably, over 30% of skilled DevOps professionals, with expertise in Docker, Kubernetes, Jenkins, and AWS, are found in Bangalore alone. A thriving startup ecosystem, tech giants, and cutting-edge innovations have made Bangalore the ultimate destination for companies seeking elite talent. Despite challenges like layoffs and economic uncertainty, the Indian IT sector remains resilient, with tech hiring showing promising growth. Read in detail here: https://lnkd.in/gADShKS5

As the AI world is shifting towards building agentic systems, OpenAI’s team has decided to give the world an open source gift. The team has released Swarm, an open source framework for building, orchestrating and deploying multi-agent systems. Managed by the OpenAI Solutions team, the framework is still in its experimental phase and is currently not intended for production. Swarm is designed to make agent coordination and execution lightweight, highly controllable, and easy to test. It achieves this using two core abstractions: Agents and handoffs. An Agent holds instructions and tools and can transfer control to another Agent at any time. Read more here: https://lnkd.in/gapXEeQF

Are You Prepared for the New Era of Fraud? Join us for the DBS x AIM webinar on "Fraud and Risk Detection in the LLM Era," happening on October 25th, 4:00 PM – 5:00 PM! Learn from industry experts about how LLMs are revolutionizing fraud detection. ▪ Key Highlights: -Insights from leaders at DBS Tech India and HDFC Bank -Strategies to combat new fraud types -Live Q&A session 🎤 Speakers: Mayank Gupta, Head of Middle Office Technology, DBS Tech India Sahil Aneja, Vice President | Vertical Head - Consumer Insights at HDFC Bank Secure your spot now 👇 https://lnkd.in/gNgcMugZ

GenAI is set to reshape the software engineering landscape. According to Gartner’s latest report, by 2027, 80% of the engineering workforce will need to upskill as AI begins to take over more tasks, transforming how developers work. This shift, driven by AI engineering, is expected to boost productivity by automating routine tasks and assisting senior developers in large organizations. However, human expertise remains crucial. As Philip Walsh, PhD, senior principal analyst at Gartner, emphasizes, complex software development still requires human intervention. While AI can handle mid-level coding, senior engineers will need to master advanced skills like retrieval-augmented generation (RAG), blending information retrieval with natural language generation (NLG). With AI poised to integrate more deeply into the industry, engineers with a blend of software, AI, and ML expertise will be in high demand. Yet, the debate rages on—how much will developers really need to upskill? Read the full article in the comments below 👇

Have you checked out our latest podcast featuring Vargab Bakshi—India Head at Wix, creator, investor, and seasoned startup expert on The Hot Seat? Don't miss out! Like, share, and subscribe for more exciting interviews. Watch now 👉 https://lnkd.in/gMwQCnAU

A US lawyer lost his job after trusting ChatGPT with legal research. But AI’s role in law is far from over! jhana, a Bengaluru-based startup on a mission to build an "intelligent legal system" for Indian lawyers. “What we’re trying to build is a sort of paradigm shift that centralises all the datasets lawyers utilise, enabling them to be accessed and employed in various ways through AI,” Hemanth Bharatha Chakravarthy, a co-founder at Jhana.ai, told AIM. With $1.6M in funding and backing from OpenAI's Shyamal Hitesh Anadkat & CRED’s Kunal Shah, Jhana is transforming how legal professionals research, draft, and review cases with cutting-edge AI. Read more - https://lnkd.in/gQJ9QWQG Ben Hoffner-Brodsky | Em McGlone

The Tata Group bids goodbye to its visionary leader, Ratan Tata, who touched countless lives through his philanthropy and trailblazing investments in India’s startup ecosystem. From pioneering investments in Snapdeal to backing the likes of Ola Electric, Paytm, and FirstCry.com (BrainBees Solutions Ltd.), Tata’s legacy goes far beyond business. His unique blend of wisdom and mentorship not only shaped startups but also left an indelible mark on industries like AI, fintech, healthcare, and more. Know more about Tata’s remarkable journey and lasting impact. 🔗 Read the full story - https://lnkd.in/ggH5BSF2 Lenskart.com | Snapdeal | AceVector Group | BlueStone | Zivame | LetsVenture | Niki

Artificial intelligence (AI) is particularly effective at improving efficiency and user experience in scaled, repetitive, data-rich processes—common in regulated industries like banking and insurance. Although these industries could benefit from AI, they have been slow to adopt it due to regulatory compliance and data privacy concerns. I was the CIO at a leading insurance company several years ago. We used AI to improve internal efficiency, customer experience, and data protection while building trust with customers and regulators. Here are the lessons I learned and my suggestions for adopting AI in a regulated industry. Read the complete article by Arvind Mathur, Enterprise Strategist at Amazon Web Services (AWS). Ishit Vachhrajani | Mark Schwartz | Phil Le-Brun | Apurv Bhatnagar | Amazon Web Services (AWS)