Tag: Wipro

5 Things about AI you may have missed today: PM Modi warns against AI misuse, Jim Lee on AI creativity and more
29Mar By adminNo Comments
Technology

5 Things about AI you may have missed today: PM Modi warns against AI misuse, Jim Lee on AI creativity and more

[ad_1] AI roundup: Prime Minister Narendra Modi highlighted the misuse of artificial intelligence (AI) and other emerging technologies when it comes to users with untrained mindsets. In other news, the chief creative officer of DC Comics, Jim Lee revealed how AI is taking away the joy of creativity from an artist's mind. All this, and more in our AI roundup today.PM Modi warns against misuse of AIIn a conversation with Microsoft co-founder Bill Gates, PM Modi highlighted the emerging AI risks and misuse by people who are not trained or skilled enough to use such powerful technologies. While talking about India's rapid AI adoption, the PM urged setting clear “dos and don'ts” for AI usage such as adding watermarks on AI-generated content to avoid misinformation via deepfakes, according to...
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5 things about AI you may have missed today: Bill Gates on AI risks, Wipro launches ai360, more
12Jul By adminNo Comments
Technology

5 things about AI you may have missed today: Bill Gates on AI risks, Wipro launches ai360, more

[ad_1] Yesterday, July 11, was dominated by the incident where Suumit Shah, the founder of the ecommerce startup Dukaan tweeted about replacing 90 percent of the company's customer support staff with artificial intelligence (AI) chatbot, and netizens began condemning the founder for his lack of empathy. Today, things take a different turn as Microsoft cofounder Bill Gates posted a blog where he talked about the risks AI poses and how to manage it. In a separate incident, IT major Wipro launched its new service called ai360. This and more in today's AI roundup. Let us take a closer look. Bill Gates talks about the risks of AIGates wrote a long post on his blog GatesNotes about the existing and potential risks AI poses, and how to manage it. In a tweet, posting about the blog, he said, “T...
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Nandan Nilekani, billionaire Infosys co-founder, gives alma mater $38.5 mn for AI
20Jun By adminNo Comments
Technology

Nandan Nilekani, billionaire Infosys co-founder, gives alma mater $38.5 mn for AI

[ad_1] Billionaire Infosys Ltd. co-founder Nandan Nilekani will donate $38.5 million to his alma mater Indian Institute of Technology Bombay, making one of the largest such gifts by an alumnus of an educational institution in the country.The grant takes the technologist's total donations to the school to 4 billion rupees ($49 million) and is intended to foster research in emerging areas while supporting a deep-tech startup ecosystem, Nilekani's office announced on Tuesday after a memorandum signing by the two parties. Nilekani, who shot to prominence after founding the IT services pioneer Infosys, in 1973 joined what's become known as the country's pre-eminent engineering and technology learning institution. He helped establish Infosys in 1981, a few summers after graduating from what's...
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ChatGPT, other AI models to disrupt Indian IT firms – JPM
11Feb By adminNo Comments
Technology

ChatGPT, other AI models to disrupt Indian IT firms – JPM

[ad_1] Generative AI models such as ChatGPT will slow down market share gains and deflate pricing for Indian IT companies in the short term, analysts at J.P.Morgan said on Friday. As generative AI is implemented more broadly, consulting firms like Accenture and Deloitte will gain market share over Indian IT firms like Infosys Ltd and Wipro Ltd in the near term, analysts at the brokerage said in a note to clients. Generative AI can be a "deflation driver" in the near term on legacy services as they compete on pricing, necessitate staff retraining and drive loss of competitiveness, they added. "ChatGPT is likely to deflate legacy services the most and application services the least." Artificial intelligence company OpenAI's chatbot has dazzled amateurs and industry experts with i...
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IT Firms Infosys And Wipro Cut Variable Pay As Budgets Tighten
25Aug By adminNo Comments
Latest

IT Firms Infosys And Wipro Cut Variable Pay As Budgets Tighten

[ad_1] Bigger pay packets have been among factors putting pressure on margins.Bengaluru: The top IT services firms are freezing or cutting staff bonuses, worried that tightening budgets at US. and European clients who are bracing for a recession will sharply hit their own profits after a pandemic-led boom.Infosys Ltd, the second-biggest IT company, and smaller rival Wipro recently told their employees they had reduced the variable pay portion of employee compensations, according to respective internal emails sent by management to staff at the two companies and seen by Reuters.Some companies include variable pay as a part of employees' overall salary package and link it to the performance of the employee as well as the company."There's growing conviction in businesses that we need to prep...
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