5 AI developments you might have overlooked today: AI is not meant to replace jobs, Tamil Nadu launches AI mission, and more
Recent developments in the world of artificial intelligence include S&P Global Market Intelligence President Adam Kansler stating that AI will not replace jobs, but may create a demand curve that requires a deeper understanding of the technology. Additionally, Tamil Nadu has announced an Artificial Intelligence Mission to drive innovation and development within the state. Stay informed about the latest advancements in AI.
- S&P Global Market Intelligence highlighted how AI can create a demand curve
In a recent interview, Adam Kansler emphasized that AI is not here to take our jobs or reduce the human workforce, but it could create a demand curve that is yet to be discovered. The chancellor said productivity growth could lead to a shift in demand, which also underscores the need to understand the impact of this disruptive and valuable technology. He said: “Every year for the last decade, we have thought that technological advances would mean we need 10% fewer people or 20% fewer people. Today, we probably have 40% more people working in these functions than we do,” according to a report by The Economic Times .
2. Tamil Nadu adopts AI for state development by introducing AI mission
Tamil Nadu Chief Minister MK Stalin will lead the Tamil Nadu Artificial Intelligence Mission, which will utilize technology to promote the state’s development. The step was taken to start the journey of technological innovation and adopt new ways that can lead to the progress of the state. According to an ANI report, this mission aims to focus on various sectors of the state and boasts of introducing new technologies like artificial intelligence.
3. Swecha Telangana is developing Swecha Gonthuka, an artificial intelligence assistant that trains computers and smartphones
Swecha Gonthuka, an AI-based Telugu voice assistant, is being developed to train computers and phones to speak like humans. The developers are currently collecting Telugu audio samples to amass 10,000 hours of audio data by the end of February. among others, singer and composer Ram Miriyala also participated in donating his voice to the artificial intelligence assistant. Additionally, the company also hosted a concert where it encouraged the audience to participate in voice donations that spanned over 50 Telugu sentences, according to a report in The Hindu.
4. Integrit announces the generative artificial intelligence hardware Stella
Integrit, an AI Robotics platform specialist, has introduced the first generative AI hardware ‘Stella’, which leverages Large Language Models (LLMs) such as GPT-4 and LLaMa to generate answers. It is designed to generate “customer inquiries and requests in noisy environments and interact with customers in a variety of movements.” Stella also has the ability to recognize environments and customers. The device is powered by Qualcomm Technologies’ AP and comes with an on-device AI robotics platform AirPath, according to a press release.
5. Google, Microsoft and Nvidia are competing to dominate artificial intelligence
A recent report highlighted that big tech companies like Google, Microsoft and others will dominate the AI market due to rising development costs. The higher cost of developing AI limits startups from competing with leading computing companies and chip makers. Therefore, this can create a dominant position in this area for large technology companies. Sasha Haco, chief executive of Unitary, said: “We’ve had times where we can’t get what we need, so we have to pay 10 times the price,” according to a report by Moneycontrol.
