LTIMindtree and IBM have joined forces to establish a Generative AI Center of Excellence (CoE) in India. This collaborative initiative combines the power of IBM's watsonx AI and data platform with the engineering skills of LTIMindtree, a global technology consulting and digital solutions company. The CoE aims to drive open innovation and accelerate the adoption of generative AI solutions by organizations. The joint Generative AI Center of Excellence (CoE) in India, a co-innovation center combining the power of the IBM watsonx AI and data platform and the engineering skills of LTIMindtr ..read more

In a possible breakthrough, California based AI startup Alembic has recently introduced a new AI system that tackles the issue of "Hallucinations" in artificial intelligence. Alembic announced that it has developed a new Al system that it claims completely eliminates the generation of false information that plagues other Al technologies, a problem known as "hallucinations". Alembic's hallucination-free AI is designed to provide precise predictions and recommendations while eliminating the generation of false information. Here's how they achieved this remarkable feat: At the heart of Alembi ..read more

Apple has just announced the groundbreaking new iPad Pro with some impressive features. The new iPad Pro is made possible with the new M4 chip, the next generation of Apple silicon, which delivers a huge leap in performance and capabilities. M4 features an entirely new display engine to enable the precision, colour, and brightness of the Ultra Retina XDR display. Let me break it down for you: Design and DisplayThe new iPad Pro comes in two sizes: a spacious 13-inch model and a super-portable 11-inch model. Both sizes feature the world's most advanced display, which Apple calls the Ultra Ret ..read more

Echo chambers are social environments where individuals are exposed primarily to information, opinions, and ideas that reinforce their existing beliefs or ideologies. These chambers can occur both online (such as on social media platforms) and offline (within specific communities or groups). Here's how echo chambers form and their effects: Formation of Echo Chambers: Selective Exposure: People tend to seek out information that aligns with their preconceived notions. On social media, algorithms often show content based on users' past behavior, creating a feedback loop. Confirmation Bias: Whe ..read more

KKR (Kohlberg Kravis Roberts & Co.), a global investment firm, is set to acquire Healthium Medtech (formerly known as Sutures India) from its current private equity owners, Apax Partners, for an impressive ₹7,000 crore (approximately $840 million) in enterprise value. Healthium Medtech is an Indian company based in Bengaluru. It specializes in manufacturing medical devices, particularly surgical products. Notably, it is the largest manufacturer of surgical needles globally by volume. This acquisition follows a competitive bidding process that also involved a consortium of Man ..read more

Chennai headquartered Mindgrove Technologies, a semiconductor startup backed by Peak XV Partners, has introduced Secure IoT, India's first commercial System on Chip (SoC) designed specifically for Internet of Things (IoT) devices. Named as Secure IoT, this high-performance SoC is tailored for controlling applications on a wide range of connected smart devices. It offers programmability, flexibility, security, and superior computing power. Notably, it operates at a clock speed of 700 MHz. Secure IoT is expected to be priced approximately 30% lower than other chips in similar segments. By us ..read more

Generative Al will be designing new drugs all on its own in the near future Generative AI is making significant strides in the field of drug discovery. It's being used to design new drugs by analyzing vast datasets and generating novel molecular structures that could potentially be strong drug candidates. For instance, scientists at pharmaceutical giant, Eli Lilly, have been surprised by the unique molecules that AI has produced, which could not have been envisioned by human researchers. Citing executives working at the industry of Al & healthcare cross-over, a CNBC report said that th ..read more

Wipro has partnered with Microsoft to launch a suite of Generative AI-powered virtual assistants specifically designed for the financial services sector. These virtual assistants will operate on Microsoft Azure Open AI and will be accessible through Azure App Services. The suite includes Wipro GenAI Investor Intelligence, Wipro GenAI Investor Onboarding, and Wipro GenAI Loan Origination. These AI-powered assistants aim to provide deep market intelligence and relevant, timely information on investment products and investor behavior. They are expected to help accelerate the investor onboardin ..read more

REC Ltd, a state-owned enterprise under the Ministry of Power, has received approval from the Reserve Bank of India (RBI) to establish a subsidiary in Gujarat's GIFT City. This subsidiary is expected to engage in a variety of financial activities, including lending, investment, and other services, within the International Financial Services Centre (IFSC) at GIFT City. The move is seen as a strategic step for REC to diversify its portfolio and explore new avenues for growth, particularly in the global market. The GIFT City platform is known for its conducive environment for international fin ..read more

L&T EduTech, an e-learning platform and initiative by Larsen & Toubro (L&T) that aims to bridge the gap between academia and industry, has launched industry-integrated MTech programmes in advanced IT domains. These programmes, which include specializations in Data Science, Artificial Intelligence, Machine Learning, and Cybersecurity, are developed in partnership with leading higher education institutes in India. The initiative aims to bridge the gap between academia and industry by providing students with specialized practical training and exposure to industry dynamics. Starting ..read more