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Crypto Scams Likely Set New Record in 2024, Helped by AI: Chainalysis
The use of generative AI likely lifted revenues from crypto scams to a record high in 2024, Chainalysis has said in its recent report. The company pointed to marketplaces that support pig butchering operations and the use of GenAI as factors making it easier and cheaper for scammers to expand operations.
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Can AI Tools Replace Human Couples Therapist? Study Says Yes
The study added that sooner rather than later, GenAI might be integrated into therapeutic settings.
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GenAI to Boost India's IT Industry's Productivity by Up to 45 Percent, EY India Survey Shows
GenAI could boost the productivity of India's $254-billion software industry by 43 percent-45 percent over the next five years. Within the sprawling IT industry, EY India's survey showed that roles in software development will get the biggest productivity boost.
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GenAI Had Muted Impact On Global Elections This Year, Says Meta
The snapshot from Meta comes as misinformation experts say AI content has so far failed to significantly sway public opinion
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Amazon Doubles Down on AI Startup Anthropic With Another $4 Billion
Amazon has invested another $4 billion into Anthropic, as the firm plans to captialise on a boom in generative AI technology. The e-commerce giant has doubled its investment in the OpenAI competitor, known for its GenAI chatbot Claude, but it will remain a minority investor in the firm.
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IBM Releases New AI Models for Businesses as GenAI Competition Heats Up
IBM is looking to capitalise on the surge in enterprises adopting generative AI technology. 'Granite 3.0' models will be made open-source. This approach differs from rivals such as Microsoft that charge customers for access to their models.
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Microsoft's Vice President of Generative AI Research to Join OpenAI
Microsoft's vice president of GenAI research, Sebastien Bubeck is joining OpenAI. The development follows a series of departures from OpenAI, including that of longtime chief technology officer Mira Murati in September.
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Meta, Challenging OpenAI, Announces New Sound-To-Video AI Model
The announcement comes as Hollywood has been wrestling with how to harness generative AI video technology this year, after Microsoft-backed OpenAI in February first showed off how its product Sora could create feature film-like videos.
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Gen AI Boosting Productivity Of Indian IT Industry's Fastest-Growing Niche, TCS Exec Says
GenAI has taken centre stage in the space and clients are replanning budgets and product features, said VC of IOT and Digital Engineering at TCS.
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Don't See Layoffs In Infosys With New AI Technologies, Says CEO Salil Parekh
Generative AI is evoking strong interest from clients and there is a huge mobilisation of GenAI within Infosys as well, CEO Salil Parekh has said, asserting that he does not foresee any layoffs in his company on account of these new-age technologies.
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AI Improves Creativity In Stories, Reduces Diversity: Study
Stories created with help of ChatGPT are more creative compared to those by writers not using the tool, according to research. However, diversity in stories suffered with the use of AI.
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73% Indian Firms Plan To Use GenAI To Enhance Security Measures: Report
About 73 per cent of Indian organisations plan to harness generative artificial intelligence (GenAI) within the next 12 months to enhance security measures and align IT objectives with broader business goals, a new report said on Monday.
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Energy Hungry AI: What's The Hidden Cost of Your GenAI Search?
When you enter a prompt in a Generative AI chatbot, it consumes more resources than a traditional web search, driving higher carbon emissions. But can this uptick in resource consumption by the frontier technology of AI be quantified?
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Meta Looking to Hire Generative AI-Focused Workers on Metaverse Team After Layoffs
Meta is looking to hire employees to expand its foray in the generative AI space, as part of its metaverse team. As per a new job listing, could integrate GenAI with its metaverse-related efforts, including virtual reality (VR), augmented reality (AR), and mixed reality (MR) elements – that together make for components of the metaverse
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'Great Resignation' Enters Third Year As Workers Embrace AI, Upskilling
The proportion of workers who expect to switch employers in the next 12 months is higher than that from the "Great Resignation" period of 2022, a PwC survey of the global workforce found.
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Crypto Scams Likely Set New Record in 2024, Helped by AI: Chainalysis
The use of generative AI likely lifted revenues from crypto scams to a record high in 2024, Chainalysis has said in its recent report. The company pointed to marketplaces that support pig butchering operations and the use of GenAI as factors making it easier and cheaper for scammers to expand operations.
-
Can AI Tools Replace Human Couples Therapist? Study Says Yes
The study added that sooner rather than later, GenAI might be integrated into therapeutic settings.
-
GenAI to Boost India's IT Industry's Productivity by Up to 45 Percent, EY India Survey Shows
GenAI could boost the productivity of India's $254-billion software industry by 43 percent-45 percent over the next five years. Within the sprawling IT industry, EY India's survey showed that roles in software development will get the biggest productivity boost.
-
GenAI Had Muted Impact On Global Elections This Year, Says Meta
The snapshot from Meta comes as misinformation experts say AI content has so far failed to significantly sway public opinion
-
Amazon Doubles Down on AI Startup Anthropic With Another $4 Billion
Amazon has invested another $4 billion into Anthropic, as the firm plans to captialise on a boom in generative AI technology. The e-commerce giant has doubled its investment in the OpenAI competitor, known for its GenAI chatbot Claude, but it will remain a minority investor in the firm.
-
IBM Releases New AI Models for Businesses as GenAI Competition Heats Up
IBM is looking to capitalise on the surge in enterprises adopting generative AI technology. 'Granite 3.0' models will be made open-source. This approach differs from rivals such as Microsoft that charge customers for access to their models.
-
Microsoft's Vice President of Generative AI Research to Join OpenAI
Microsoft's vice president of GenAI research, Sebastien Bubeck is joining OpenAI. The development follows a series of departures from OpenAI, including that of longtime chief technology officer Mira Murati in September.
-
Meta, Challenging OpenAI, Announces New Sound-To-Video AI Model
The announcement comes as Hollywood has been wrestling with how to harness generative AI video technology this year, after Microsoft-backed OpenAI in February first showed off how its product Sora could create feature film-like videos.
-
Gen AI Boosting Productivity Of Indian IT Industry's Fastest-Growing Niche, TCS Exec Says
GenAI has taken centre stage in the space and clients are replanning budgets and product features, said VC of IOT and Digital Engineering at TCS.
-
Don't See Layoffs In Infosys With New AI Technologies, Says CEO Salil Parekh
Generative AI is evoking strong interest from clients and there is a huge mobilisation of GenAI within Infosys as well, CEO Salil Parekh has said, asserting that he does not foresee any layoffs in his company on account of these new-age technologies.
-
AI Improves Creativity In Stories, Reduces Diversity: Study
Stories created with help of ChatGPT are more creative compared to those by writers not using the tool, according to research. However, diversity in stories suffered with the use of AI.
-
73% Indian Firms Plan To Use GenAI To Enhance Security Measures: Report
About 73 per cent of Indian organisations plan to harness generative artificial intelligence (GenAI) within the next 12 months to enhance security measures and align IT objectives with broader business goals, a new report said on Monday.
-
Energy Hungry AI: What's The Hidden Cost of Your GenAI Search?
When you enter a prompt in a Generative AI chatbot, it consumes more resources than a traditional web search, driving higher carbon emissions. But can this uptick in resource consumption by the frontier technology of AI be quantified?
-
Meta Looking to Hire Generative AI-Focused Workers on Metaverse Team After Layoffs
Meta is looking to hire employees to expand its foray in the generative AI space, as part of its metaverse team. As per a new job listing, could integrate GenAI with its metaverse-related efforts, including virtual reality (VR), augmented reality (AR), and mixed reality (MR) elements – that together make for components of the metaverse
-
'Great Resignation' Enters Third Year As Workers Embrace AI, Upskilling
The proportion of workers who expect to switch employers in the next 12 months is higher than that from the "Great Resignation" period of 2022, a PwC survey of the global workforce found.
