AI Driven Driver Assistance: Latest News & Videos, Photos about AI ...
In percentage terms, this is slightly lower than the November forecast of 11.2%. Global IT spending is estimated to rise by 9.8% to $5.61 trillion in 2025, up from $5.11 trillion in 2024. In India, software and IT services are key contributors to IT spending growth, increasing 16.9% and 11.2% to $17.9 billion and $30.1 billion in 2025, respectively.
AI in Automotive Industry
Katrin Lehmann, chief information officer at auto giant Mercedes-Benz, emphasizes the importance of innovation at Mercedes-Benz which goes beyond just product development but also focuses on boosting internal productivity with AI.
Automakers at CES unveiled new in-vehicle technologies. Hyundai Mobis displayed a holographic windshield, while BMW showcased the iDrive panoramic display. Honda and Sony Honda Mobility presented advancements in electric vehicles, highlighted by futuristic AI voice assistants. Safety and minimal distraction remain priorities as these technologies evolve.
AI in Healthcare
Legal tech startup Legitquest has secured $660,000 in funding from InfoEdge and WaterBridge Ventures for its generative AI assistant for legal professionals. The company has seen significant growth and aims to expand its offerings.
Incorporated in 2006, Navi Mumbai-based IKS Health provides comprehensive healthcare solutions using AI, assisting physician enterprises predominantly in the US. It serves over 775 healthcare organisations with a vast repository of legal data.
AI and Sustainability
Almost universally, executives globally agree on AI's potential for sustainability. Indian executives also believe that AI can positively impact sustainability goals, with 96% agreeing on its potential.
AI and Universal Healthcare
India aims for universal healthcare access by 2047, utilizing AI and data-driven approaches. Reforms in the healthcare system are urgently needed to meet the rising medical inflation and improve healthcare access for all.
The report highlighted that despite being in an early stage, India’s GenAI startups have attracted over $750 million in cumulative funding since 2023.
Speaking at the 'Delivering the Future 2024' event where Amazon announced a major AI push into multiple areas of e-commerce for the US markets, Doug Herrington emphasized on AI infusion and enhancement leading to innovative experiences.
BharatGPT-maker CoRover and non-profit organization ChangeInkk are partnering to launch AskPurpleFlame, a multilingual AI-driven help desk for learning disabilities, a first-of-its-kind platform in India.
Latest Developments in AI
Recent developments include Google's Gemini AI understanding PDFs in the Files app, and Qualcomm and Google enabling automakers to create unique voice assistants using AI technology.
Waymo has launched its robotaxis in Los Angeles, marking a significant step for autonomous vehicles, while General Motors transitions its focus to driver-assist systems for personal vehicles.
India's internet landscape is projected to reach over 900 million users by 2025, with rural India driving much of this growth. Challenges include lack of internet access and awareness, shifting content consumption to digital platforms, and the importance of AI tools and Indic languages.
Kedaara Capital's investment in Impetus Technologies aims to accelerate innovation in data, analytics, and enterprise AI solutions, with a focus on data-driven insights for business transformation.
Conclusion
AI continues to drive innovation across various industries, from automotive to healthcare, sustainability, and universal healthcare access. With significant investments and developments in AI technology, the future holds promising advancements in AI-driven solutions.
