Since the beginning of 2024, Infosys—India’s second largest IT major— has made four acquisitions in engineering R&D and semiconductor design services space, including two announced in April in cybersecurity and energy consulting areas. Its smaller rivals HCLTech and Wipro acquired two firms each while LTIMindtree purchased Voicing.AI in December. These came after a lull of almost no acquisitions in 2023.
OpenAI plans to evolve ChatGPT into a super-assistant with personalised, T-shaped skills—handling both routine tasks and specialised functions. Positioned as a new digital interface, ChatGPT aims to be platform-neutral, rivaling tech giants while promoting user choice. OpenAI emphasises research leadership, multimodal capabilities, and AI integration across devices and services.
For perspective, Google took 11 years to achieve the same milestone, said Mary Meeker’s Trends – Artificial Intelligence (AI) report. That’s a 5.5 times faster rate of adoption for AI-based tools. In 2024, ChatGPT saw its user base surpass 700 million, subscribers reach about 20 million, and revenue exceed $4 billion.
Wayfinder Ventures, Y Combinator, Massive Tech Ventures, and angel investors like Alpha Square Group and Northside Ventures participated in the oversubscribed seed funding round of the startup. Unbound, which helps organisations safely integrate GenAI into their workflows, plans to use over $1 million for hiring and expanding its R&D efforts.
Amodei, who leads one of the world's largest AI companies, has warned that significant job cuts could occur within five years, urging consumers and US lawmakers to prepare, according to Axios. He also criticised the government and other AI companies for "sugar-coating" the coming reality: the potential for mass job eliminations across various white-collar professions, particularly at the entry level, including technology, finance, law, and consulting.
Executives from major semiconductor companies like Intel and AMD are leaving to launch AI chip startups in India, fuelled by government incentives and a growing demand for semiconductors. These ventures are attracting significant investment, aiming to capitalise on the projected $1 trillion global market by 2030.
The leak originated from X user @MarksGonePublic, who said he stumbled upon a “full-on commercial shoot” for the device. The leaked visuals of the Pixel 10 suggest a design closely resembling the Pixel 9 Pro—two circular sensors believed to be a flash and a thermometer sensor, alongside the power button, volume rocker, and oval-like camera lenses, similar to its predecessor.
Indian startups face scaling challenges as AI model pricing stabilizes after initial cuts by OpenAI, Anthropic, and Google. This shift limits startups' ability to invest in R&D and offer cost savings, prompting a search for external funding and efficient AI usage. Cost concerns are particularly acute for AI agents requiring high inference loads and long context windows.
The study, which gathered insights from over 750 leaders across 38 countries, representing technology, healthcare, finance, legal and other industries, said that RAI fosters trust among customers, employees, and stakeholders while helping to manage risks and maintain accountability. McKinsey evaluated the RAI readiness using its AI Trust Maturity Model, which examines four main dimensions — strategy, risk management, data and technology, and operational governance of AI.
So, everyone's scrambling for a slice of the AI coding agent action! Swathi Moorthy's taking a look at the tech titans duking it out to dominate software development. With AI coders becoming super popular, these giants are battling to create the best tools for automating code.
Malaysia is a strategic location for TSAT to organise a hiring drive as the country holds 13% of the global market for chip packaging, assembly and testing services, as per a February 18 report by the Malaysian Investment Development Authority.
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