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Source: Live Mint The AI that is hogging so much of the world’s attention now—and sucking up huge amounts of computing power and electricity—is based on a technique called deep learning. In deep learning linear algebra (specifically, matrix multiplications) and statistics are used to extract, and thus learn, patterns from large datasets during the training…
Source: Live Mint Sterlite Technologies (STL) has announced its entry into the AI-driven data centre market with a showcase of its integrated offerings at the India Mobile Congress 2024. The portfolio, which includes optical cables, connectivity, and interconnect solutions, was inaugurated by Shri Jyotiraditya Scindia, India’s Honourable Telecom Minister. This development marks a significant leap…
Source: Business Standard Premium As far as the Arkam portfolio is concerned, we are looking more at IPO exits than M&A, Srinivasa said. 8 min read Last Updated : Oct 02 2024 | 7:46 PM IST Started in 2020 by two seasoned venture capitalists, Rahul Chandra (formerly – co-founder and MD, Helion Venture Partners)…
Source: Business Standard The funding will accelerate Budy’s AI development, focusing on tasks such as optimising Salesforce setups and improving sales pipeline efficiency | Photo: X@rtpvc 2 min read Last Updated : Oct 16 2024 | 12:28 PM IST Venture capital firm RTP Global has led a $4.2 million pre-seed funding round in Budy,…
Source: Business Standard 2 min read Last Updated : Oct 15 2024 | 3:59 PM IST Biz2X, a digital lending SaaS platform and subsidiary of Biz2Credit, on Tuesday said it has surpassed Rs 9,000 crore mark in loan disbursements. One of the company’s key growth drivers is its AI-integrated digital lending platform, DigiKred,…
Source: Live Mint Most of the conversations around the proliferation of AI in the workplace revolve around the promise of increased efficiency and creativity. In these conversations, what gets lost is the potential of AI to foster a more equitable and inclusive workplace. The latest episode of Mint’s all-new series on AI, All About AI,…
Source: Business Standard India and a few other economies have already commenced efforts to expand linkage of crossborder fast payment systems both in the bilateral and multilateral modes, he said. (Photo: Reuters) 4 min read Last Updated : Oct 14 2024 | 3:45 PM IST Reserve Bank Governor Shaktikanta Das on Monday made a…
Source: Business Standard 4 min read Last Updated : Oct 14 2024 | 5:03 PM IST Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday cautioned that while artificial intelligence (AI) and machine learning (ML) have opened new avenues of business and profit expansion for financial institutions, overreliance on them poses financial stability…
Source: Live Mint All these things are powered by artificial-intelligence (AI) models. Most rely on a neural network, trained on massive amounts of information—text, images and the like—relevant to how it will be used. Through much trial and error the weights of connections between simulated neurons are tuned on the basis of these data, akin…
Source: Live Mint As artificial intelligence (AI) continues to evolve, its potential integration into various sectors has sparked debates worldwide. One area drawing increasing attention is its use in the judiciary. Saddled with the backlog of millions of pending cases, the Indian judicial system might benefit from using artificial intelligence, experts said. However, they caution…
