These new initiatives are part of Lenovo’s multi-million-dollar investment plan in India, which also includes creating over 1,000 skilled technical jobs
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The funding round for World Labs was led by prominent investors including Andreessen Horowitz, New Enterprise Associates, and Radical Ventures, with additional backing from major tech players like AMD, Intel, and Nvidia
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The company had paused the AI training in mid-June after facing a backlash from privacy regulators, including the Irish Data Protection Commission, which requested a delay in the rollout of Meta’s AI models in Europe
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According to the study, 49 per cent of Indian midmarket businesses are already using AI for forecasting and budgeting, ahead of the global figure of 40 per cent
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This would be a dramatic jump from the company’s earlier valuation of USD 86 billion, positioning OpenAI as one of the most highly valued startups in the artificial intelligence space
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The new facility, located in the iconic Tower 42, will focus on solutions in Quantum Computing, Quantum Cryptography and Artificial Intelligence (AI), with an aim to tackle major industry challenges such as algorithmic underwriting, catastrophic risk modeling and fraud detection
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In an exclusive interview with BW Businessworld, Roy Jakobs, CEO at Philips, speaks on India’s strategic importance and deepening focus to the region
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Sutskever's company, based in Palo Alto, California, and Tel Aviv, Israel, will look to develop AI with a strong focus on safety
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Mukesh Ambani also informed about Jio Brain which will have a comprehensive suite of tools and platforms by leveraging artificial intelligence (AI) and this will accelerate the AI adoption to various services of Jio
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As the company plans 7 per cent staff reduction due to dip in revenue, this is its second major workforce reduction
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