ai startups

The biggest challenge for startups in artificial intelligence (AI) is the lack of infrastructure, global chip manufacturing giant Nvidia’s managing director of South Asia, Vishal Dhupar, said on Friday.“Without the instrument of AI, how do you do AI,” said Dhupar at the TiEcon Delhi 2024 startup conference.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIIM…

AI roundup: In response to Elon Musk's lawsuit, OpenAI released a statement via a blog post, highlighting the allegations over the responsibility of building artificial intelligence (AI) tools. In a separate development, PUMA has integrated Google Cloud's AI solutions to improve its shopping experience for customers. Know more about what happened in the world of AI today, March 6, 2024.1. OpenAI responds to Elon Musk's lawsuitLast week, Elon Musk filed a lawsuit against OpenAI Chief Executive Officer Sam Altman and…

The government's missive that all artificial intelligence (AI) and large language models (LLMs) must seek "explicit permission of the government" before being deployed for users on the Indian internet, has sent shock waves among companies developing LLMs, especially startups who feel it is "anti-innovation and not forward-looking".Several companies building LLMs, venture capitalists as well as experts told ET such directions can kill startups trying to build in this "hyper-active" space in which India is already late to…

Call it an epic troll by Elon Musk if you want, but the billionaire's lawsuit against OpenAI puts a refreshing spotlight on the endless humanitarian posturing by AI businesses.Musk has sued the world-leading AI company and its chief executive officer, Sam Altman, for breaking their founding agreement about building powerful AI systems “for the benefit of humanity.” OpenAI still touts that mission on its website, but Musk is calling BS: “In reality… OpenAI Inc. has been transformed into a closed-source de facto subsidiary…

Sam Altman's goal of raising about $7 trillion to make artificial-intelligence chips tells a story beyond his borderline-insane ambitions. First, the infrastructure needed to build AI has become exorbitantly expensive. Second, most of that value is still — still! — held by a handful of large technology companies — and the oligopoly is only going to get worse. For all the competition that was spurred by the launch of ChatGPT in late 2022, and the flurry of new startups that jumped into the hyped-up generative AI market,…

Apple has always been quiet about its plans and new innovations and the same applies to artificial intelligence (AI). However, it looks like Apple was caught on the backfoot when most of the other big tech companies like Microsoft, Google, Meta and even OpenAI stole all the AI thunder over the last year. Now, Apple is looking, not just to catch up, but overtake everyone else and for that, it has gone on a warpath - an acquisition spree in order to ensure it conquers this new technology in every way. So, even as it's…

AI roundup: Satya Nadella will be visiting India as part of his annual visit on February 7, 2024. On his agenda would be to explore various AI opportunities and for that, he would be meeting leaders in Indian startups space. Chinese authorities have started the approval process for AI models and already approved 40 models. Know more about AI happenings here. Satya Nadella to meet AI startups in India in FebruaryPuneet Chandok, Microsoft India and South Asia's President revealed in an internal email about the visit of…

Ever since ChatGPT burst onto the surface in 2022, artificial intelligence (AI) has become a red-hot topic. There have been endless debates on whether the opportunities that have arisen courtesy of AI outweigh the obstacles raised by this new technology. But, this dilemma hasn't stopped big tech companies from investing in it. From AI chatbots to tools that can be used for various purposes including image generation, and code interpretation, we've already seen mass adoption of AI. It has even reached smartphones, with…

Cohere, a Toronto-based startup developing artificial intelligence for businesses, is in discussions with investors to raise capital in the ballpark of $500 million to $1 billion, a person with knowledge of the matter told Reuters Friday.The fundraising effort follows frenzied investment ignited by AI software application ChatGPT that saw AI startups garner a third of venture dollars in the United States last year.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive…

Happy Monday! Ronnie Screwvala-led Upgrad is closing in on US edtech firm Udacity, with a fresh fundraise likely to seal the deal. Details of this and more in today’s ETtech Morning Dispatch.Also in this letter:■ Experts on IT sector’s rebound■ India and its AI startups: a prognosis■ Rapido’s FY23 numbersUpgrad in talks for $100 million to close US edtech Udacity buy Upgrad founder Ronnie ScrewvalaEdtech undoubtedly had its worst year in 2023. The sector is nowhere close to getting out of the woods yet, but Ronnie…