While markets like the US are mostly using GenAI for customer support in a bid to cut costs, India Inc. is using them as an opportunity to grow revenues, generate business leads and sales support, Yellow.ai cofounder and chief executive Raghu Ravinutala told ET.
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Binance, SEC face off over regulator's crypto oversight
The U.S. Securities and Exchange Commission (SEC) on Monday defended its authority to oversee certain cryptocurrency assets in court, as Binance urged a federal judge to dismiss the regulator's case against the world's largest crypto exchange.
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Happiest Minds to create verticals, gen AI unit to get new business
Happiest Minds, which was founded by IT veteran Ashok Soota, is also emphasising on GenAI with a business unit to get newer clients and logos. In that unit, the company is training a team of 100 people in the latest technologies including AI, open source models with data understanding.
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With Irdai opening doors, insurtech firms look to transform into general insurers
Insurtech firms such as Bengaluru-based Onsurity and Pune-based Loop Health help employers offer group health policies to their employees and run a platform to offer employee wellness services, too. They want to capitalise on the Insurance Regulatory and Development Authority of India (IRDAI) move of opening the heavily regulated sector to new participants.
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Top cop to head Karnataka fact-checking unit
For the Karnataka fact-check unit, five firms have been shortlisted - Gauri Media, Logically Infomedia, Trylika Technology, Newsplus Communications, and OW Data Leads. Senior IPS officer Pronab Mohanty, who is currently the additional director general of police (ADGP), cyber economics and narcotics (CEN), criminal investigation department will oversee the fact-checking unit.
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Tech boost? several US federal contracts up for renewal in next two quarters
Experts are of the view that while it's still hard for Indian companies to crack large US federal deals that are up for renewals over the next two quarters, there is a more positive attitude towards Indian-heritage suppliers.
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AI and death: Sundance films grapple with our digital afterlife
Two documentaries premiered at Sundance explore the ethics of AI and its relationship to death. 'Eternal You' focuses on predatory AI-powered startups profiting from bereaved customers seeking to communicate with deceased loved ones. The film highlights the addictive nature of these services and the potential harm caused by AI programs going astray.
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