The AI robotics startup Control One has raised $350K in funding
Globalbiz Outlook
by GloobalBiz Outlook
1d ago
A varied mix of investors from the US and India has contributed an additional $350,000 to startup Control One AI. Amit Singh, who was previously with Avendus Capital, Chaitanya R from Wakefit, and Kunal Shah from CRED are among the well-known supporters. Robotics artificial intelligence (AI) is Control One AI’s area of expertise. Several prominent supply chain leaders from well-known corporations, including Tesla, Amazon, Walmart, eBay, Mercedes-Benz, and General Electric, have also endorsed it. This indicates that the startup is receiving a lot of support and interest. Control One AI will be ..read more
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In the world of mobile technology, smartphones with AI are transforming the industry
Globalbiz Outlook
by GloobalBiz Outlook
1d ago
Here’s an imagined future in which your phone serves as more than just a means of communication. It serves as your personal assistant, photographer, and helper with everyday chores. Greetings from the age of artificial intelligence (AI) phones, which will change the way we communicate with the outside world by fusing cutting-edge AI with mobile technology. We’ll look at how AI phones are changing our digital lives in this piece, covering everything from improving security to prolonging battery life. The Wonders of AI-Powered Smartphone Integration AI phones are intelligent, not just clever ..read more
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Unveiling Phi-3-Mini: Microsoft’s Next-Gen AI Breakthrough
Globalbiz Outlook
by GloobalBiz Outlook
1d ago
In the ever-evolving landscape of artificial intelligence, Microsoft has once again set a new standard with the introduction of Phi-3-Mini, the latest addition to its groundbreaking Phi-3 family of AI models. While Meta’s Llama 3 Large Language Model (LLM) may have captured recent headlines, Microsoft’s Phi-3-Mini shines as a beacon of innovation in the realm of small language models (SLMs). But what exactly distinguishes Phi-3-Mini from its larger counterparts, and why should developers and businesses take notice? Let’s delve into the intricacies of language models and explore the transforma ..read more
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The Global VR Software Industry is Expected to Surpass $12.43 Billion by 2023
Globalbiz Outlook
by GloobalBiz Outlook
2d ago
The valuation of the VR software market was $12.43 billion in 2023 and is expected to reach $69.57 billion by 2032, at a compound annual growth rate (CAGR) of 21.09% from 2021 to 2032, according to a new report titled “VR Software Market by Component (Hardware, Software and Content), By Device Type (Head Mounted Display, VR Stimulator, VR Glasses, Treadmills and Haptic Gloves and Others), By Industry (Gaming, Entertainment, Automotive, Retail, Healthcare, Education, Aerospace and Defense and Others), By Technology (Semi and Fully Immersive, Non Immersive and Others).” By 2023, the VR software ..read more
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‘The next year will see superhuman AI intelligence,’ says Elon Musk
Globalbiz Outlook
by GloobalBiz Outlook
3d ago
According to Elon Musk, artificial intelligence that is superhuman and smarter than anyone on Earth may become a reality by the end of the next year. He has previously predicted that by 2029, superintelligent AI might exist. Superintelligent people are frequently described as being smarter than all humans put together, regardless of task, and superhuman people are defined as being smarter than any one human. In a live-streamed interview on his social network X, the multibillionaire shared his recent viewpoint. But he added a disclaimer to his prediction, saying that the capacity might be const ..read more
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The Global Automotive AI industry is expected to Achieve $ 31.11 billion by 2032
Globalbiz Outlook
by GloobalBiz Outlook
3d ago
The Automotive AI market was valued at $4.14 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 29% from 2024 to 2032. The report is titled “Automotive AI Market by Offering (Hardware & Software), by Technology (Machine Learning, Deep Learning, Computer Vision, Natural Language Processing and Context-Aware Computing), by Autonomy (Autonomous Driving, Human–Machine Interface and Semi-autonomous Driving), by Vehicle Type (Passenger Cars & Commercial Vehicles), Global Analysis to 2024.” AI application in the automotive industry does not limit itself; rather ..read more
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The First Indian Employee at OpenAI is Pragya Misra
Globalbiz Outlook
by GloobalBiz Outlook
4d ago
Pragya Misra worked extensively with government ministries, investors, important stakeholders, and media partners in her role as Truecaller’s director of public affairs. Pragya Misra is the first employee that Sam Altman’s OpenAI has employed in India. IANS received confirmation on Friday from sources that Ms. Misra has been assigned to oversee partnerships and public policy issues across the nation. In her role as Truecaller’s director of public affairs, she worked directly with investors, important stakeholders, government agencies, and media partners. She had been employed by Meta Platforms ..read more
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It is estimated that Apple will employ 5 lakh Indians within three years
Globalbiz Outlook
by GloobalBiz Outlook
5d ago
In the next four to five years, Apple intends to increase production in India by more than five times, to reach approximately USD 40 billion (roughly 3.32 lakh crore). According to official sources, around 5 lakh people are projected to be employed in India by iPhone maker Apple through its vendors throughout the next three years. Currently, 1.5 lakh Indians are employed by Apple’s suppliers and partners. The largest employer is Tata Electronics, which manages two facilities for Apple. “Apple is expanding its workforce in India. Through its vendors and component suppliers, it will, at most, hi ..read more
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Cloud cost optimization with AI governance: Best practices for managing expenses
Globalbiz Outlook
by GloobalBiz Outlook
6d ago
The global market for cloud computing was estimated to be worth $677.95 billion in 2023; by 2030 Since the advent of technological breakthroughs, the corporate environment has undergone a significant transformation. The internet, the biggest technological advancement, has had a profound effect on business processes and made the world a smaller place. While the internet and other technological advancements have brought forth many benefits, they have also created new risks. Due to the ease of use and accessibility that these technological advancements—especially the internet—have made possible ..read more
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Meta launches Llama 3 AI model to compete against ChatGPT in the AI chatbot race
Globalbiz Outlook
by GloobalBiz Outlook
1w ago
The AI chatbot race was started by ChatGPT. Meta is focused on winning. Facebook, Instagram, and WhatsApp are all being integrated with Meta’s AI assistant. Additionally, Llama 3, the company’s next major AI model, has arrived. In light of this, the Meta AI assistant—which was unveiled in September of last year—is currently being included in the search fields on Facebook, Instagram, WhatsApp, and Messenger. Additionally, it will begin to show up right in the Facebook mainstream. It is still available for chat in the messaging inboxes of Meta’s applications. Additionally, it is now available vi ..read more
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