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Titel

TWTW Weekly Wrap Up: 12-18 March

Ist Teil von

• Business world (India), 2023-03

Ort / Verlag

New Delhi: Athena Information Solutions Pvt. Ltd

Erscheinungsjahr

2023

Beschreibungen/Notizen

• Jagdish Mitra, Chief Strategy Officer & Head of Growth, Tech Mahindra Last Week’s Latest: * OpenAI has released a powerful new image- and text-understanding AI model, GPT-4, that the company calls “the latest milestone in its effort in scaling up deep learning.” * LinkedIn is introducing AI-powered writing suggestions, which will initially be offered to people to spruce up their LinkedIn profiles, and to recruiters writing job descriptions. * Amazon targets 2024 launch of first Kuiper internet satellites; Amazon's satellite internet unit, Project Kuiper, will begin mass-producing the satellites later this year, the company said. * Microsoft announced the stable version of its Edge web browser will now include the new Bing AI chatbot in a sidebar. * UK Spring Budget: Chancellor plans GBP 1 million annual AI prize, quantum investments and a new GBP 900 million ‘exascale’ computer. * Global firms, including top Indian information technology, have started exploring use cases around ChatGPT and other generative AI technologies for their clients as well as use internally. * Stakeholders participating in the first consultation of the Digital India Bill suggested that the government retain the safe harbor provision in the current Information Technology Act, 2000. * In yet another feather in Hyderabad’s cap, global logistics behemoth FedEx has decided to make the city its first port of call, not just in India but also the world, for housing its Advanced Capability Community (ACC). * India plans to force smartphone makers to allow removal of pre-installed apps and mandate screening of major operating system updates under proposed new security rules. * Indian SaaS companies are likely to continue to grow and have a bullish outlook in 2023 as per the Bellwethers of Indian SaaS report, by EYX Focused Story Of The Week #1: The Evolution Of Generative AI, Its Positive Impact On Businesses And The Way Forward GPT-4 is the latest AI model from OpenAI that exhibits human-level performance on various professional and academic benchmarks. According to a report by Bain & Company, investment in Indian SaaS companies is expected to grow by 170 per cent in 2021 to USD 4.5 billion.