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Top related persons:
Nandan Nilekani - 3 OpenAI - 1 Nilekani - 1 CNBC's - 1 OpenAI's ChatGPT - 1 Rudder - 1 Yuvraj Malik - 1
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India Madras Sequoia Capital India Bengaluru
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Infosys - 3 CNBC - 1 Microsoft - 1 Lightspeed Venture - 1 Indian Institute of Technology - 1 National Payments Corp - 1 XV Partners - 1 Sequoia Capital - 1

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☆ Infosys chair on the AI boom and the future of jobs
  + stars: | 2024-09-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInfosys chair on the AI boom and the future of jobsNandan Nilekani, chair of Infosys, discusses artificial intelligence, calling it "one of the most profound transformations happening in the world."
Persons: Nandan Nilekani Organizations: Infosys
☆ Big AI models will be commoditized — the value will come from the applications, Infosys chair says
  + stars: | 2024-09-17 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +1 min
Massive artificial intelligence models built by the likes of OpenAI will eventually become commoditized with the next wave of value in the technology coming from the applications that are built on top of the models, the co-founder and chair of Infosys told CNBC on Tuesday. Large language models are the AI models trained on amounts of data and they underpin applications like ChatGPT. Companies such as OpenAI and Meta are among the biggest players in this space. Nandan Nilekani, co-founder of Infosys, said there are going to be many different LLMs around the world. "Ultimately, the models will become more commoditized and the value will switch to the application layer and the whole stack."
Persons: OpenAI, Nandan Nilekani, Nilekani, CNBC's Organizations: Infosys, CNBC Locations: India
☆ Microsoft-backed AI4Bharat set to raise $12 million funding from Peak XV, Lightspeed
  + stars: | 2023-07-07 | by ( Yuvraj Malik | ) www.reuters.com   time to read: +2 min
July 7 (Reuters) - AI4Bharat, a start-up backed by Microsoft (MSFT.O), is raising $12 million from venture capital firms Peak XV and Lightspeed Venture to develop artificial intelligence-powered chatbots for Indian languages, according to three people familiar with the matter. Most seed rounds are usually up to $1 million to $2 million. AI4Bharat, Peak XV and Lightspeed did not immediately respond to Reuters' requests for comment. The investment is among the first from Peak XV Partners after rebranding from Sequoia Capital India and SEA following a split with its U.S.-based parent fund last month. Indian AI start-ups have raised $583 million this year, as of June, according to data from Venture Intelligence.
Persons: OpenAI's ChatGPT, Nandan Nilekani, Rudder, Yuvraj Malik Organizations: Microsoft, Lightspeed Venture, Indian Institute of Technology, Infosys, National Payments Corp, XV Partners, Sequoia Capital, SEA, Venture Intelligence, Thomson Locations: Madras, India, Sequoia Capital India, Bengaluru
☆ India's Supreme Court sets up panel to investigate Adani allegations
  + stars: | 2023-03-03 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +4 min
Bloomberg | Bloomberg | Getty ImagesIndia's supreme court has set up an independent panel to investigate if there were regulatory failures related to allegations against the Adani Group , after a bombshell report from a U.S. short seller. The country's highest court directed a six member panel to probe "regulatory failure in dealing with the alleged contravention of laws pertaining to the securities market in relation to the Adani Group," a Thursday court order said. India's Supreme Court action comes slightly over a month after Hindenburg Research released a lengthy report on Jan. 24, accusing Adani Group of stock manipulation and fraud. The panel will be headed by Justice Sapre, a retired judge of the Supreme Court. Both institutions told CNBC recently that their exposure to the Adani Group was manageable.
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