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Quick Read Summary is AI generated, newsroom reviewed. Young Liu predicts AI will eliminate low-end manufacturing jobs. Liu emphasizes the need for developed countries to monitor this AI impact. Foxconn is developing FoxBrain to integrate AI models for specific applications. Young Liu, the chief executive officer and chairman of Foxconn, has predicted that artificial intelligence…
New Delhi: India’s IT spending is projected to reach $160 billion in 2025, an increase of 11.2 per cent from 2024, according to a report on Tuesday. Fuelled by expansion in both application and infrastructure software markets, software spending in India is projected to record the highest annual growth rate, increasing 17 per cent in…
New Delhi: AI is revolutionizing industries around the globe-from healthcare to the tech and creative industries-by automating tedious tasks and opening doors to new opportunities. While concerns about job displacement exist, AI offers avenues for growth through upskilling and the creation of roles that didn’t exist before. Ethical AI governance and public-private partnerships with appropriate…
New Delhi: As technology evolves, Generative AI is changing how jobs are created and affecting different industries. People are concerned about whether this technology poses a threat to employment. At the same time, data leaks from social media platforms like WhatsApp, Instagram, and Facebook raise questions about user trust and the need for better regulations….
Curated By: Business Desk Last Updated: September 14, 2024, 16:37 IST The crime is committed through fake videos and voice clones. The insurance covers are made available for Rs 3 per day and are built to provide safety from identity theft, cyber extortion and online bullying. Nowadays, we have everything at our fingertips. We can…
Artificial intelligence software can help grocery retailers address those challenges and optimize prices, inventory levels, and product shelf placement. The extent to which the industry uses AI has been overblown at times, as have the technology’s capabilities, but it’s starting to be rolled out for select applications. Here’s what the COO of GeekyAnts has to…
At a time when innovation is integral to holding a competitive edge, Generative AI (GenAI) stems as a disruptive force that is completely transforming industries. This is a core change in how we approach efficiency, value creation, and problem-solving-it’s not just another technological improvement. According to McKinsey, GenAI may boost the world economy by up…