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REDUCE AI COSTS
Microsoft working to reduce AI costs, expand ecosystem as global adoption rises: Satya NadellaMicrosoft is prioritizing the development of a comprehensive artificial intelligence ecosystem and reducing AI-powered service costs. CEO S...- AI is rewriting the rules of investment for India's big-ticket playersPrivate equity investors in India are integrating artificial intelligence into their investment analysis and strategies. AI is being utiliz...
- IMF, OECD warn AI could widen rich-poor country divideRecent conversations underscore the transformative possibilities of artificial intelligence in fostering global economic growth and improvi...
- IMF, OECD warn AI could widen rich-poor country divideArtificial intelligence holds the potential to significantly enhance global economic growth and productivity rates. However, poorer countri...
- Barclays to cut 5,000 jobs this yearBarclays is cutting around 5,000 jobs, or 5% of its workforce, this year as it deploys technology, including artificial intelligence, to re...
- Westpac's latest job cuts not AI-driven, spokesperson saysWestpac is set to eliminate approximately 140 positions as part of a restructuring effort. The Finance Sector Union highlights that the ban...
- AI startup Simplismart in talks to raise $40-50 million; valuation may tripleSimplismart, an innovative AI infrastructure startup, is in talks to secure between $40 and $50 million in funding, which could potentially...
- Amazon says its AI chips will work with popular coding language, challenging NvidiaAmazon has unveiled TorchNeuron, a revolutionary tool that enables PyTorch code to be executed seamlessly on its Trainium AI chips. This in...
- Rising AI costs force companies to cap spending, says Goldman SachsIn ‘Connecting the Dots’ report, Goldman Sachs highlights how businesses are controlling AI bills by setting usage limits, removing tools t...
- When Developing an AI Strategy, Beware the Urgency TrapThere’s a consistent pattern in failed or underperforming AI initiatives. Business leaders tend to frame AI through the lens of what they s...
- Lightstorm’s India-Southeast Asia subsea cable system to be ready in 2029, says CTOLightstorm is a network provider that builds high-capacity optical fibre and AI-native connectivity platforms across the APAC region. The I...
- Only 8% of fund managers report improved investment returns from AI adoption: ReportDespite growing adoption of artificial intelligence (AI) in the global asset management industry, only 8 per cent of fund managers have rep...
- As India buys more AI chips, the real test is to keep them runningIndustry leaders said businesses must pay closer attention to the systems around their processors, which actually decide the return on thei...
- MENA must classify AI data centres as critical loads, overhaul power planning amid rising demand: WEFThe World Economic Forum has highlighted the urgent need for countries in the Middle East and North Africa to refine their energy strategie...
- AI cost savings may be offset by rising verification expenses: Deutsche BankThe report, titled "AI boom or doom: what will superintelligence feel like and when will we get there?", said that while AI has made it che...
- Low-cost jobs will be taken over by AI, most worried about outsourced ones: Workday CEOWorkday Chairman and Chief Executive Officer Aneel Bhusri told reporters at the Workday Rising Summit that AI will not lead to jobs moving ...
- ET AI Explainer: Why are US AI labs wary of 'distillation attacks' from Chinese peersDistillation as a technique in which a less capable AI model is trained on the outputs of a stronger one. The aim is to help the less capab...
- What happens when AI agents go off track without warning? Goodfire's inside-out approach aims to spot rogue systems, tackle a costly security blind spotNotably, its probes examine internal signals generated while the AI model processes information. These signals can help indicate what the m...
- High data centre, chip costs and cheaper AI models pose risks to capacity usage: Infosys CEOHigh data centre and chip costs, coupled with emerging AI models offering cheaper inference, pose risks to AI infrastructure investments an...
- Anthropic says new safeguards sharply reduce AI distillation attacksAnthropic said on Monday new measures designed to prevent rivals from copying the capabilities of its Claude AI models have reduced data ha...
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