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Sebi Proposes Accountability For AI Use By Market Infra Institutions, Intermediaries
Sebi on Wednesday proposed holding market infrastructure institutions and intermediaries accountable for any consequences arising from their use of artificial intelligence (AI) tools in operations or client services.
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AMD to Cut Four Percent of Global Workforce as it Focusses on AI Chip Development
AMD is laying off about 1,000 employees, as it directs efforts towards developing AI chips. AMD plans to start mass production of a new version of its artificial-intelligence chip called the MI325X in the fourth quarter of the year.
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OpenAI, Google And Anthropic Are Struggling To Build More Advanced AI
The recent setbacks also raise doubts about the heavy investment in AI and the feasibility of reaching an overarching goal these companies are aggressively pursuing artificial general intelligence.
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Microsoft Forecasts Slower Cloud Business Growth in Second Quarter
Microsoft has forecast an increase in spending on AI this quarter and warned of slower growth in its cloud business Azure, even as the company beat Wall Street's estimates for first-quarter revenue and profit.. The Redmond company has signalled that big AI investments were not enough to keep pace with capacity constraints at its data centres.
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Meta Warns of Worsening AI Losses After Sales Narrowly Beat
Meta CEO Mark Zuckerberg said the company will ramp up heavy investments in AI and other futuristic technologies. The Meta executive has warned investors that the firm will continue to spend significantly on infrastructure and other projects like the metaverse and AI-powered glasses.
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Google Generating ‘More Than a Quarter of All New Code by AI’, Says CEO Sundar Pichai
Google’s parent company Alphabet posted its quarterly earnings on Tuesday. A major highlight of the earnings call with company CEO Sundar Pichai was how the Mountain View-based tech giant is optimising the costs of running expensive artificial intelligence (AI) infrastructure for all of its products and services. The CEO said that the company has...
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US Finalises Rules to Curb AI Investments in China, Impose Other Restrictions
The Biden administration said on Monday it is finalising rules that will limit US investments in artificial intelligence and other technology sectors in China that could threaten US national security.
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Nvidia Rolls Out Hindi-Language AI Model in India as CEO Jensen Huang Visits
Nvidia launched a lightweight Artificial Intelligence (AI) model on Thursday for India's widely-used Hindi language. Nvidia is rolling out its new small language model, dubbed Nemotron-4-Mini-Hindi-4B, with 4 billion parameters, for firms to use in developing their own AI models.
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US To Curb AI Investment In China Soon
The final rules, which target outbound investment to China in AI, semiconductors and microelectronics and quantum computing, are likely to be released with the next week or so.
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Samsung Backs Scholarly AI Bot Serving Students and Academics
Liner has raised $29 million (roughly Rs. 243 crore) from investors in a Series B round with investors including LB Investment, as well as existing backers Capstone Partners and SL Investment alongside Samsung.
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ByteDance's TikTok Cuts Hundreds of Jobs in Shift Towards AI Content Moderation
TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said on Friday. Two sources familiar with the matter earlier told Reuters that more than 700 jobs were slashed in Malaysia.
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Investment Management Firm VanEck to Invest in Crypto and AI Startups: Details
VanEck has introduced an investment fund for early-stage startups under the VanEck Ventures brand. The firm plans to invest $30 million (roughly Rs. 258 crore) into startups focused on crypto, blockchain, and AI.
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OpenAI Fires Back At Musk Over Altruism Versus Greed Lawsuit
Musk filed a complaint in August claiming that co-founders Sam Altman and Greg Brockman manipulated him into investing in the startup, which at the start was a nonprofit organization.
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Foxconn Building Nvidia Superchip Facility in Mexico, Executives Say
Foxconn is building in Mexico the world's largest manufacturing facility for bundling Nvidia's GB200 superchips. Foxconn has invested more than $500 million (roughly Rs. 4,197 crore) to date in the state of Chihuahua.
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SoftBank to Invest $500 Million in OpenAI: Report
OpenAI's latest funding round has attracted Japanese telecom company SoftBank's Vision Fund, that will invest $500 million (roughly Rs. 4,190 crore) in the AI firm. The deal represents SoftBank's first investment in the Sam Altman-led firm.
![Gadgets 360 With Technical Guruji: Ask TG [October 26, 2024]](https://c.ndtvimg.com/2024-10/ke8sab98_ask-tg_160x120_26_October_24.jpg?downsize=245:163 "Gadgets 360 With Technical Guruji: Ask TG [October 26, 2024]")
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Sebi Proposes Accountability For AI Use By Market Infra Institutions, Intermediaries
Sebi on Wednesday proposed holding market infrastructure institutions and intermediaries accountable for any consequences arising from their use of artificial intelligence (AI) tools in operations or client services.
-
AMD to Cut Four Percent of Global Workforce as it Focusses on AI Chip Development
AMD is laying off about 1,000 employees, as it directs efforts towards developing AI chips. AMD plans to start mass production of a new version of its artificial-intelligence chip called the MI325X in the fourth quarter of the year.
-
OpenAI, Google And Anthropic Are Struggling To Build More Advanced AI
The recent setbacks also raise doubts about the heavy investment in AI and the feasibility of reaching an overarching goal these companies are aggressively pursuing artificial general intelligence.
-
Microsoft Forecasts Slower Cloud Business Growth in Second Quarter
Microsoft has forecast an increase in spending on AI this quarter and warned of slower growth in its cloud business Azure, even as the company beat Wall Street's estimates for first-quarter revenue and profit.. The Redmond company has signalled that big AI investments were not enough to keep pace with capacity constraints at its data centres.
-
Meta Warns of Worsening AI Losses After Sales Narrowly Beat
Meta CEO Mark Zuckerberg said the company will ramp up heavy investments in AI and other futuristic technologies. The Meta executive has warned investors that the firm will continue to spend significantly on infrastructure and other projects like the metaverse and AI-powered glasses.
-
Google Generating ‘More Than a Quarter of All New Code by AI’, Says CEO Sundar Pichai
Google’s parent company Alphabet posted its quarterly earnings on Tuesday. A major highlight of the earnings call with company CEO Sundar Pichai was how the Mountain View-based tech giant is optimising the costs of running expensive artificial intelligence (AI) infrastructure for all of its products and services. The CEO said that the company has...
-
US Finalises Rules to Curb AI Investments in China, Impose Other Restrictions
The Biden administration said on Monday it is finalising rules that will limit US investments in artificial intelligence and other technology sectors in China that could threaten US national security.
-
Nvidia Rolls Out Hindi-Language AI Model in India as CEO Jensen Huang Visits
Nvidia launched a lightweight Artificial Intelligence (AI) model on Thursday for India's widely-used Hindi language. Nvidia is rolling out its new small language model, dubbed Nemotron-4-Mini-Hindi-4B, with 4 billion parameters, for firms to use in developing their own AI models.
-
US To Curb AI Investment In China Soon
The final rules, which target outbound investment to China in AI, semiconductors and microelectronics and quantum computing, are likely to be released with the next week or so.
-
Samsung Backs Scholarly AI Bot Serving Students and Academics
Liner has raised $29 million (roughly Rs. 243 crore) from investors in a Series B round with investors including LB Investment, as well as existing backers Capstone Partners and SL Investment alongside Samsung.
-
ByteDance's TikTok Cuts Hundreds of Jobs in Shift Towards AI Content Moderation
TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said on Friday. Two sources familiar with the matter earlier told Reuters that more than 700 jobs were slashed in Malaysia.
-
Investment Management Firm VanEck to Invest in Crypto and AI Startups: Details
VanEck has introduced an investment fund for early-stage startups under the VanEck Ventures brand. The firm plans to invest $30 million (roughly Rs. 258 crore) into startups focused on crypto, blockchain, and AI.
-
OpenAI Fires Back At Musk Over Altruism Versus Greed Lawsuit
Musk filed a complaint in August claiming that co-founders Sam Altman and Greg Brockman manipulated him into investing in the startup, which at the start was a nonprofit organization.
-
Foxconn Building Nvidia Superchip Facility in Mexico, Executives Say
Foxconn is building in Mexico the world's largest manufacturing facility for bundling Nvidia's GB200 superchips. Foxconn has invested more than $500 million (roughly Rs. 4,197 crore) to date in the state of Chihuahua.
-
SoftBank to Invest $500 Million in OpenAI: Report
OpenAI's latest funding round has attracted Japanese telecom company SoftBank's Vision Fund, that will invest $500 million (roughly Rs. 4,190 crore) in the AI firm. The deal represents SoftBank's first investment in the Sam Altman-led firm.
