Check out what happened in the world of AI today, March 11, 2024. (Bloomberg)AI 

5 AI developments you may have overlooked today: Elon Musk’s xAI to make Grok open-source; Manufacturing faces AI challenges, and more

In today’s AI news, Elon Musk’s AI startup xAI will be making their OpenAI rival Grok open-source. Originally announced as a chatbot for X, Musk has now decided to release the source code for Grok AI chatbot to the public. Meanwhile, the manufacturing industry is facing challenges in incorporating AI and automation into their operations. Stay updated on the latest developments in the world of AI.

Elon Musk announced that XAI will open source Grok

Musk’s AI startup XAI has announced it will open-source a major Grok language model, according to a Reuters report. Musk also shared a message on X: “This week @xAI will open source Grok.” This comes quickly after Musk filed a lawsuit against OpenAI for turning the Sam Altman-led company into a for-profit entity instead of the non-profit it originally was.

Manufacturer CIOs face challenges in integrating artificial intelligence

While several industries are benefiting from advanced technologies such as artificial intelligence, 98 percent of manufacturing CIOs say data challenges are the biggest concern for innovation and adoption of advanced manufacturing technologies. Recent research shows how leaders in the manufacturing industry have struggled to embrace AI. The report said that “CEOs understand that better collaboration can improve product quality (88%) and time-to-market (86%),” according to the Tech Circle report.

Gupshup says he got a big boost from AI

Gupshup, a SaaS-based conversational messaging platform, highlights how AI has benefited the company in client budgets for experimental digital initiatives. The report emphasized that the company’s turnover increased by 43 percent and profits increased by 22.5 percent. Gaurav Kachhawa, Chief Product Officer at Gupshup, said: “As companies across industries and geographies increased business areas, cut brick-and-mortar stores and increased budgets for digital channels, we saw much more demand for our tools.” Live Mint Report.

CoRover.ai introduces CoroAssist, a secure GenAI copilot for business data retrieval

CoRover.ai released a new Secure GenAI Co-Pilot called CoroAssist powered by BharatGPT. It is a GenAI data retrieval system that enables companies to access important data. CotoAssist uses the LLM-based RAG framework to efficiently retrieve accurate, real-time information from trusted sources. Ankush Sabharwal, CEO of CoRover, said, “CoroAssist represents a significant leap forward in data discovery for enterprises. It rapidly delivers accurate, role-based data from multiple trusted sources including websites, documents, videos, ERP/CRM systems, APIs and other real references,” according to a press release .

Infibeam Avenues Announces Video AI Platform – THEIA

Infibeam Avenues has launched a new Video AI Developer Platform called THEIA. The platform can be utilized in various fields such as sports analytics, media optimization, traffic management, crowd management, insurance claims processing, production unit optimization, retail stores and others, according to a Business Line report. Rajesh Kumar SA, CEO of Phronetic.AI, the AI business unit of Infibeam Avenues, said, “Apart from security, videos now serve as powerful tools to improve productivity, workforce efficiency and decision-making in businesses, government units and organizations. The era of video data transformation has begun.”

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