December 4th, 2024 1:03 PM 0 COMMENTS

Kaynes Technology Acquires Austria’s Sensonic to Enhance Railway Solutions Using AI

Mysore-based integrated electronics manufacturer Kaynes Technology India Limited has acquired a 54 percent controlling stake in Austria-based company Sensonic GmbH through its wholly owned subsidiary, Kaynes Holding Pte Limited (Kaynes Singapore). The transaction, finalised after regulatory approvals, strengthens Kaynes Technology's position in the global infrastructure technology market, according to an exchange filing. Also Read: Philips Unveils AI-Powered CT 5300 System for CT Imaging at RSNA 2024 Integrates AI, ML, and... Read More

December 3rd, 2024 11:03 PM 0 COMMENTS

Nebius Raises USD 700 Million to Accelerate AI Infrastructure Expansion, Backed by Nvidia

AI infrastructure company Nebius Group (Nebius) announced on Monday that it has entered into an agreement to raise USD 700 million in private placement financing from investors, including Nvidia, Accel, and certain accounts managed by Orbis Investments. The financing aims to accelerate Nebius’ previously announced plans to expand its AI infrastructure, encompassing large-scale GPU clusters, data centers, and tools and services for developers. The funds will also support the Nebius AI Studio, which offers affordable... Read More

December 3rd, 2024 4:24 PM 0 COMMENTS

Verizon Advances Fiber Network Capacity To Support AI Workloads

US wireless carrier Verizon has successfully tested the transportation of 1.6 terabits per second of data across a single wavelength on its live metro fiber network. Utilising Ciena's WaveLogic 6 Extreme (WL6e) coherent optical solution, the trial, conducted in Boston, demonstrated data travelling farther and faster across Verizon's fiber network. This upgrade enhances the network's ability to handle the workloads generated by artificial intelligence (AI) applications, particularly Generative AI, according... Read More

December 3rd, 2024 10:15 AM 0 COMMENTS

Philips Unveils AI-Powered CT 5300 System for CT Imaging at RSNA 2024

Global health technology company Royal Philips has unveiled significant advancements in clinical decision-support with its artificial intelligence (AI) and smart workflow automation integrated into the newly introduced CT 5300 system, which debuted in North America at RSNA 2024. According to the company, the Philips' CT Smart Workflow features a comprehensive suite of AI-enabled 'Precise' software solutions that assist at every step of the CT workflow, freeing technicians and radiologists from... Read More

December 3rd, 2024 12:14 AM 0 COMMENTS

OpenAI CEO Sam Altman Confident in Trump’s Support for AI

OpenAI CEO Sam Altman on Sunday expressed confidence that US President-elect Donald Trump's administration would support the artificial intelligence (AI) sector to ensure the United States and its allies continue to lead it. Speaking to US broadcaster Fox News on Sunday, Altman said AI technology needed massive infrastructure support and that he believed Trump would be good at providing it. Also Read: OpenAI Targets 1 Billion Users by 2025 with... Read More

December 2nd, 2024 9:31 PM 0 COMMENTS

Trilegal Partners with Lucio to Drive AI-Powered Transformation in Legal Services

Trilegal, India's full-service law firm, announced on November 29 its partnership with Lucio, an AI-powered legal technology platform. Trilegal and Lucio are working towards implementing the AI suite with a view to enhancing efficiency, automating routine tasks, and allowing the firm's lawyers to focus on high-value work, the company said in a press release. Also Read: 68 Percent of Companies to Utilise AI for Hiring by 2025: Report AI Role... Read More

December 2nd, 2024 8:04 PM 0 COMMENTS

HCLTech and Google Cloud Partner for AI-Driven Cybersecurity Solutions

Indian IT company HCLTech announced on Monday that it has joined forces with Google Cloud Security to provide AI-driven Managed Detection and Response (MDR) solutions, offering enterprises comprehensive security coverage to respond to cyber threats. The HCLTech UMDR (Universal Managed Detection and Response) solution will leverage HCLTech's Fusion Platform with Google Cloud's security technology to deliver enterprises with proactive threat detection and response, according to a joint statement. Also Read:... Read More

December 2nd, 2024 8:58 AM 6 COMMENTS

AI to Accelerate Drug Discovery and Medical Advancements: Mukesh Ambani

Reliance Industries Chairman Mukesh Ambani highlighted the importance of artificial intelligence (AI) in genomics and life sciences, stating it will dramatically transform biomedical research and drug discovery in the coming decades. Ambani's remarks came during the virtual launch of CancerSpot, a blood-based test for early cancer detection developed by Strand Lifesciences, a Reliance subsidiary, according to a Business Standard report. Also Read: AI Will Cure a Lot of Cancers, Says... Read More

December 1st, 2024 4:31 PM 0 COMMENTS

OpenAI Targets 1 Billion Users by 2025 with AI Innovations and Apple Partnership: Report

OpenAI is reportedly aiming to reach 1 billion users by 2025 as it rolls out new artificial intelligence products (AI), builds its own data centres, and strengthens its crucial partnership with Apple to drive its next phase of growth. The AI-powered ChatGPT chatbot has acquired 250 million weekly active users since its launch and plans to expand further by launching AI "agents", a proprietary AI-powered search engine, and deeper ChatGPT's... Read More

December 1st, 2024 10:48 AM 0 COMMENTS

Meta Plans USD 10 Billion Subsea Cable to Manage Global Data Traffic: Report

Meta, the parent company of Facebook, Instagram, and WhatsApp, is reportedly planning to build its first fully owned, large-scale fiber-optic subsea cable extending around the globe. The project, spanning over 40,000 kilometers, is expected to require an investment of more than USD 10 billion. It aims to enhance Meta's infrastructure to meet the growing demand for data usage driven by its artificial intelligence (AI) products and services, according to a... Read More

November 30th, 2024 10:28 PM 0 COMMENTS

India is a Leader in AI-Driven Sustainability Initiatives, Says IBM 2024 Report

India is emerging as a global leader in AI-powered sustainability. According to IBM's first-ever State of Sustainability Readiness Report, 98 percent of Indian business leaders surveyed plan to increase investments in IT for sustainability over the next 12 months. The research highlights that the majority of Indian respondents view investments in IT as vital not only for environmental responsibility but also to drive long-term business resilience (61 percent) and brand... Read More

November 30th, 2024 11:45 AM 0 COMMENTS

India Climbs to 49th Rank in Network Readiness Index 2024

India has climbed 11 places to secure the 49th rank in the Network Readiness Index (NRI) 2024, as per the report released by the Portulans Institute on November 21, 2024. This marks a significant improvement from its 60th position in 2023, with its overall score rising from 49.93 to 53.63, Ministry of Communications said, citing the report. Also Read: Telecom Operators Must File Tariffs with TRAI Within 7 Days of... Read More

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