Yellow.ai deploys 30% of global generative AI bots domestically

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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OpenAI suspends bot developer for Congressman Dean Phillips: report

OpenAI, the developer of ChatGPT, has banned the use of its AI tools in a political campaign after a bot mimicking Congressman Dean Phillips was created by a super PAC named We Deserve Better. The bot, called Dean.Bot, was powered by OpenAI's ChatGPT and was created by entrepreneurs Matt Krisiloff and Jed Somers.

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Davos 2024: Top quotes from tech world’s leading minds on artificial intelligence

​​In all, about 60 heads of state and 800 CEOs were in attendance among a total of 2,800 participants, as they discussed wide-ranging issues — from climate change to economic slowdowns — at both formal and informal gatherings.

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The rise & rise of new-age stock brokers; and other top tech, startup stories this week

A crop of tech-first stockbrokers is not only leading from the front in adding new customers, they’re also generating strong revenues and profits. These stock-broking platforms, which have diversified beyond stock trading to position themselves as full-fledged financial services firms, have left behind the traditional players in terms of user sign-ups.

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Ram Mandir: UP government cracks down on deepfakes ahead of consecration

The Ram Mandir consecration is scheduled on January 22 and the Uttar Pradesh government is cracking down on AI-generated images and videos of Lord Rama to avoid any communal disturbance during the mega event. The government has roped in Staqu Technologies, which has installed 400 AI-enabled cameras in and around the mandir premises.

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Sam Altman seeks to raise billions for network of AI chip factories

Altman has had conversations with several large potential investors in the hopes of raising the vast sums needed for chip fabrication plants, or fabs, as they’re known colloquially, said the people, who requested anonymity because the conversations are private.

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Insurtech startups check expenses to secure profits

Insurtech startups such as Acko and Digit have switched gears to health insurance which is a more long-term product despite starting with motor insurance, which is mandatory for vehicle owners in India, as their principal product.

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Meta bringing together AI research and product teams

Meta CEO Mark Zuckerberg said on Thursday that the company was bringing its AI research team "closer together" with a more business-focused generative AI team launched last year, doubling down on a push to get the technology into products.

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Insurtech startup Bharatsure raises $1 million in funding round led by Capital-A

Insurtech startup Bharatsure, the parent of Healthysure, has raised $1 million in a funding round led by early-stage venture capital fund Capital-A.

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Court bars US Apple Watch imports during appeal over ban

Apple on Wednesday failed to convince a federal appeals court to allow U.S. imports of Apple Watches with technology for reading blood-oxygen levels while it challenges a government tribunal's decision that the devices infringe patents belonging to medical technology company Masimo.

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Elon Musk's X approved for Virginia money transmitter license

Social media platform X received approval for a money transmitter license in Virginia, the 17th U.S. state to grant approval, as the Elon Musk-owned company advances efforts toward introducing payment features.

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Samsung bets on Google-powered AI features in smartphone revamp

At its Unpacked conference Wednesday in San Jose, California, Samsung unveiled the Galaxy S24, S24+ and S24 Ultra phones, which all add AI tools based on the Gemini technology from Alphabet Inc.’s Google. The devices can live-translate phone calls, transcribe voice recordings, summarize web articles, fix handwriting and use generative AI to fill in parts of photos.

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DMI Group acquires ZestMoney in a firesale

The news comes as ZestMoney had informed employees last month about its plans to shut down by the end of December.

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Startup Awards: Three southern states figure among five best performers

Karnataka, Kerala and Tamil Nadu shared the recognition with Gujarat and Himachal Pradesh. In the startup ranking, while Himachal Pradesh is placed among Category-B states, the others are Category-A states.

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