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PUBLIC SECTOR AI
IBM, Sarvam partner to build sovereign AI solutions for Indian government, regulated sectorsUnder the partnership, IBM Sovereign Core will provide the underlying software and middleware needed to deploy and govern AI systems, while...- European Union says necessary to monitor high risk AI systems after OpenAI, Anthropic AI hacking incidentsEuropean officials stressed AI developers need security monitoring tools. This follows recent hacking incidents involving OpenAI and Anthro...
- Sarvam AI plans trillion-parameter model, sets sights on competing with ChatGPT, Gemini and ClaudeSarvam AI plans a trillion-parameter model to rival global AI leaders. The company's existing voice AI is cost-effective and performs well....
- Goldman Sachs Asset Management launches AI investment platform: ReportGoldman Sachs Asset Management has launched AlphaAI, an artificial intelligence investment platform. Lou D'Ambrosio will lead this new plat...
- Global Market: China, Hong Kong stocks slip as AI selloff hits chip shares; defensive sectors gainChina's equity markets tumbled on Thursday as a global selloff in AI-linked stocks triggered steep declines in semiconductor and optical tr...
- AI data centre supplier Zhongji InnoLight tumbles on Hong Kong debutShares in Chinese data centre supplier Zhongji InnoLight tumbled more than nine percent in its Hong Kong debut on Thursday, after raising a...
- India may need $350-435 billion investment in AI, data centre infrastructure by 2030: ReportIndia requires substantial investment for its digital economy's infrastructure. AI adoption and cloud computing will drive significant data...
- Sopra Steria raises growth target on strong European AI, cybersecurity demandThe French IT firm Sopra Steria has announced a rise in its full-year revenue growth projections, underscoring strong financial backing for...
- Gen-AI to boost India's labour productivity by 0.4 percentage points annually over next decade: Goldman SachsOver the next decade, generative AI is poised to significantly enhance India's labour productivity, particularly in knowledge-driven sector...
- Global Market | AI boom, market correction risks emerge as major credit threats: FitchRatings agency Fitch highlights AI boom and market correction as major global credit risks. Unprecedented AI spending and soaring valuation...
- West Bengal gearing up healthcare infra; Adani to set up 2,000-bed hospitalWest Bengal is enhancing its healthcare infrastructure statewide and in the private sector. The state plans to increase MBBS seats and esta...
- Bitcoin miner and AI firm Ionic Digital valued at $2.25 billion in Nasdaq debutShares of the company, which went public through direct listing, opened at $50 apiece, down nearly 5.7% from a reference price of $53 set b...
- Fitch warns AI market correction emerging as major global credit riskRatings agency Fitch warns of significant AI-related market correction risks. Unprecedented AI spending and soaring tech valuations raise c...
- Global Market: Samsung, SK Hynix plunge up to 11% as investors reassess AI chip boomSouth Korean chip stocks experienced sharp declines on Tuesday. Major companies like Samsung Electronics and SK Hynix saw significant drops...
- India among top five growth markets, centre of global strategy for Red HatIndia is currently at the centre of the company's global strategy, both as a critical market and a hub for engineering excellence, Navtej S...
- HCLTech to set up Rs 14,257 crore AI data centre in Odisha with SarvamHCLTech will establish its first AI Data Center in Odisha. This significant project involves a capital outlay of Rs 14,257 crores. The init...
- Governments must move beyond AI pilots to redesign public services: McKinseyGovernments must move beyond isolated AI pilot projects. Redesigning processes is crucial for fully realising AI's potential. A four-step a...
- Chipmaker CXMT debut spotlights China's state-funded path to tech powerChipmaker CXMT's significant IPO showcases China's state-led funding model for strategic technology. Hefei city investors hold a substantia...
- Anthropic to donate $20 million to US political group that supports AI regulationAI firm Anthropic has donated twenty million dollars to Public First Action. This group advocates for mitigating major artificial intellige...
- Public sector modernisation efforts accelerate amid infrastructure challenges: ReportIndian public sector organisations are accelerating AI adoption for improved services. Containerisation and hybrid cloud infrastructure are...
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