The Economic Times: Latest News & Videos, Photos about ais
The campus will offer world-class office spaces, trade services, training facilities, retail and entertainment zones, co-living spaces, a luxury hotel, and primary healthcare facilities—all in line with the vision of Telangana’s leadership to develop an integrated mini smart city that embodies a "walk-to-work" concept.
Insights into Abu Dhabi Global Health Week
In conversation with Dr. Asma Ibrahim Al Mannaei, Executive Director of the Research and Innovation Center, Department of Health (DoH), who shares critical insights into the Abu Dhabi Global Health Week key agendas, including advancing neurodegenerative disease patient care, public-private partnerships to develop a robust and resilient healthcare sector worldwide, nurturing Gen AI-based healthtech startups in Abu Dhabi, and fostering innovations in biotech and life sciences.
Income Tax Refund Update
Income tax refund: No tax refund for identified taxpayers because their income tax return (ITR) has been identified by the 'Risk Management System (RMS) of the Income tax department. If your ITR is among the identified ITRs, then no refund will be issued, unless you confirm it or file a revised ITR to fix the highlighted issue.
OpenAI Subscription Model
OpenAI is considering higher-priced subscriptions for its upcoming large language models, including the reasoning-focused Strawberry and a new flagship model called Orion. Internal discussions have suggested prices up to $2,000 per month. This comes as OpenAI's ChatGPT Plus currently costs $20 a month and has over 200 million weekly active users.
Industrial Metaverse and Technology
Industry executives and experts said the industrial metaverse--which refers to the digital world that mirrors the physical world, leveraging the technologies--has found the right price points to generate good returns on investment (RoI) with supporting technologies scaling up. “Industrial metaverse has gone through its waves,” said Sreenivasa Chakravarti, vice president, IOT and digital engineering, TCS.
The AI City in Telangana
At the heart of Telangana's AI strategy is the establishment of the AI City, a 200-acre hub near Hyderabad, dedicated to AI research, development, and application. He said the project would place Telangana at the epicentre of global AI innovation, offering cutting-edge compute facilities, expansive data lakes, and robust connectivity.
AI Developments in India
India’s Minister of Electronics and Information Technology, Ashwini Vaishnaw, was named one of TIME magazine’s "Most Influential People in AI 2024" for leading the country’s efforts to become a major AI player. Despite not yet having binding AI laws, India has chaired the Global Partnership on Artificial Intelligence and hosted the Global IndiaAI Summit, aiming to democratize technology.
Future of AI Market
The AI market is expected to grow to $2 trillion by 2030. As of last year, 73% of US companies across industries are utilizing AI in some form. However, as businesses across the globe increasingly recognize the potential of AI to drive growth and innovation, many need help to implement these technologies effectively.
AI Innovations and Investments
The funding underlines how some investors are still willing to make outsized bets on exceptional talent focused on foundational AI research. That's despite a general waning in interest towards funding such companies which can be unprofitable for some time, and which has caused several startup founders to leave their posts for tech giants.
Salesforce Acquisition of Tenyx
Salesforce has announced its acquisition of Tenyx, a startup specializing in AI-powered voice agents. The deal, expected to close in the third quarter, will see Tenyx's co-founders and team join Salesforce. This move aligns with Salesforce's strategy to boost revenue growth through acquisitions, following similar actions by Microsoft and Amazon this year.
