Chennai-based Speciale Invest is a go-to venture capital firm for startup founders. deep technology and space. Investing in these types of companies is not easy, as it requires a deep understanding of the sciences and a long-term investment horizon. Some of the companies it has invested in, such as CynLr, Ultraviolette and Agnikul, are moving … Read more
Specializing in technological services ServiceNow has earned $10 million in annualized tangible profits thanks to cost savings and Increased productivity across the organization as a result of using Gen AI, a senior executive said.The company’s AI-enhanced product Now Assist, which offers customer support with virtual agents, customer service management, HR service delivery, ITOps management, field … Read more
TO California Bill that could impose restrictions on artificial intelligence has technology companiesInvestors and activists are scrambling to explain what this first-of-its-kind legislation could mean for their industry in the state. The bill is still pending in the state capital, Sacramento. It is expected to go to the California State Assembly’s appropriations committee on Thursday … Read more
Taiwanese technology giant Foxconn A six percent increase was reported on Wednesday net profit for the second quarter of the year, driven by strong growth in demand for artificial intelligence servers. Also known by its official name Hon Hai Precision IndustryThe company is the world’s largest contract electronics manufacturer and assembles devices for major technology … Read more
Cisco Systems said on Wednesday that it was seeing an uptick in demand for its Networks teams and announced a 7% cut in its global workforce to focus on high-growth areas such as AI and Cybersecurity. The company’s shares rose 5% in extended trading after it forecast upbeat revenue for the current quarter. “Inventory digestion … Read more
father of tiktok ByteDance A new text-to-video call generative AI app was launched last week Jimeng AIIt is said that he is a rival of Open AI‘s Sora, which has not yet been made public. ET takes a closer look at Jimeng and other Chinese GenAI Modelsand its place in the global AI race. What … Read more
The Hollywood Actors Guild SAG-AFTRA announced on Wednesday a deal with online talent marketplace Narrativ that allows actors to sell advertisers right to replicate their voices with artificial intelligence. As artists fear AI will make theft of their images common, the new agreement seeks to ensure that actors earn income from the technology and have … Read more
Elon Musk-owned artificial intelligence company xAI has officially unveiled its latest AI models, Grok-2 and Grok-2 Mini, in beta form. According to Gadgets 360, these new models represent a significant improvement over the company’s previous AI iteration. Grok-1.5which offers enhanced capabilities in conversational AI, coding, and complex reasoning tasks. Both models are now available to … Read more
Indian payment gateway platform led by Harshil Mathur Payment for knife has been included in the Forbes Cloud 100 for 2024 list. This is the company’s third consecutive appearance on the Forbes list of the top 100 private cloud computing companies. companies in the world. The list was published on August 6, 2024. Razorpay remains … Read more
Google unveiled its Pixel 9 lineup at the Made by Google event on Tuesday with plenty of new AI features that are powered by the company’s Gemini AI model. Google demonstrated the new features via live demos and things got a little awkward for the company when a live demo of a new Gemini feature … Read more
