Welcome to the world of facts and news

Indian enterprises increase AI adoption, says report

​​​According to a PwC report titled 'Towards a smarter tomorrow: Impact of AI in the post-COVID era' the industrial products and manufacturing sector has seen the maximum adoption of AI/ML (Artificial Intelligence/ Machine Learning) over the last two years.

from Tech-Economic Times https://ift.tt/PYbAX0d

'Zuck is a chicken': Elon Musk and Zuckerberg throw verbal jabs over proposed cage match

"I think we can all agree Elon isn't serious and it's time to move on," Zuckerberg wrote on his Threads social platform.

from Tech-Economic Times https://ift.tt/e0na8lF

Google-backed Anthropic raises $100 million from South Korea's SK Telecom

Anthropic, a startup competing with OpenAI in building AI foundation models, is among the most well-funded AI firms, having raised $450 million from investors including Alphabet Inc's Google and Spark Capital in May.

from Tech-Economic Times https://ift.tt/KRsl78U

Ranjan Pai in talks for stake in FirstCry; IT hardware firms may get more time for local manufacturing

Manipal Group chairman Ranjan Pai is likely to pick up a stake in FirstCry, as part of a secondary share sale. Pai’s Rs 250 crore investment could come at a valuation of about $3 billion for the Pune-based ecommerce firm looking to file its draft IPO papers before the end of this year. All this and more in today’s Morning Dispatch.

from Tech-Economic Times https://ift.tt/N7L0ckw

Global captives pip IT in hiring in a first in 3 years

While overall IT industry hiring has been flat amid lacklustre demand, GCCs continue to hire as they are mostly greenfield projects set up from scratch, industry insiders and experts said.

from Tech-Economic Times https://ift.tt/cpNwVXJ

Elon Musk ready to fight at Mark Zuckerberg's home, Meta founder says 'it's time to move on'

Zuckerberg posted on Threads: "I think we can all agree Elon isn't serious and it's time to move on".

from Tech-Economic Times https://ift.tt/4qUiSJH

Data usage and ground-rules: Inside India's new Digital Personal Data Protection framework

While the new Digital Personal Data Protection Act seeks to establish a robust framework for the protection of personal data in the digital realm, it has drawn criticism from some quarters over broad exemptions granted to state entities and some of its provisions diluting the landmark Right to Information (RTI) law.

from Tech-Economic Times https://ift.tt/EYVfHX6

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 g...