The FinTech Hub
Source: Live Mint Trojan threats – malware disguised as legitimate programmes – continue to plague India, but sophisticated artificial intelligence (AI) and generative AI (GenAI) attacks are increasingly rearing their heads. This combined force will continue to pose a huge risk to the so-called endpoints that include Internet of Things (IoT) devices, laptops, smartphones, servers,…
Source: Live Mint With about 1,600 employees, the company develops AI-powered robotic process automation (RPA) solutions, and is currently valued at over $7.3 billion. “The pressure and opportunity to capitalise AI to create a competitive advantage is very intense,” Ankur Kothari, the company’s co-founder and chief operating officer (COO), said in a recent interview. This…
Source: Live Mint “Businesses often struggle with scattered data across multiple systems, leading many to adopt data platforms like ours to consolidate, govern, and analyse data effectively,” he told Mint in a video interview from his office in San Mateo, California. Cloud data platforms help organisations integrate data from various departments and sources, enabling them…
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 5 min read Last Updated : Oct 11 2024 | 10:42 AM IST HCL Tech share: HCL Technologies, on Friday, joined the elite group of companies having a market capitalisation of Rs 5 trillion. This feat came after HCL Tech share price hit a new high of Rs 1,852, gaining 2…
Source: Live Mint Some enterprises remain sceptical about the returns on artificial intelligence (AI) deployment. However, a recent report from Bain & Company has cited encouraging gains. Mint explains the state of GenAI adoption among companies today. Is GenAI moving beyond experiments? The early movers are going beyond proof of concept (PoC) and trials to…
Source: Live Mint PwC India has announced a collaboration with Meta to enhance the adoption of open-source AI solutions utilizing Meta’s Llama models. This partnership aims to develop innovative applications for both enterprises and citizen services, focusing on the capabilities of Generative AI (GenAI). The timing of this collaboration aligns with the Indian government’s recent…
Source: Live Mint Large language models have a keen appetite for electricity. The energy used to train OpenAI’s gpt-4 model could have powered 50 American homes for a century. And as models get bigger, costs rise rapidly. By one estimate, today’s biggest models cost $100m to train; the next generation could cost $1bn, and the…
Source: Live Mint Since AI’s most popular offering, OpenAI’s ChatGPT, debuted two years back and made esoteric AI tech accessible to the masses, there has been excitement over intelligent machines taking over mundane tasks or assisting humans in complex work. Geeks declared that costs would drop and productivity skyrocket, eventually leading to ‘artificial general intelligence’,…
Source: Live Mint Senior industry executives and analysts say a high error rate, steep cost of deployment and the relative newness of the technology are the main reasons for GenAI’s weak adoption by companies. “So first and foremost, accuracy of the results is critically important. And second, the adoption of that solution is critically important….
