5 AI updates you might have overlooked today: Samsung offers AI training, Truecaller explores AI for fraud prevention, and more.

In the latest AI news, Samsung has introduced a new initiative at Visvesvaraya Technological University aimed at offering training in AI and IoT to more than 1100 students to prepare them for the future. Additionally, Truecaller CEO announced plans to utilize AI for company growth and fraud prevention. Stay updated on the latest developments in the world of AI.

1. The Samsung Innovation Campus program was launched to train 1,100 young people in artificial intelligence and the Internet of Things

Samsung Semiconductor India Research announces Samsung Innovation Campus program at Visvesvaraya University of Technology. It aims to improve young people’s skills in artificial intelligence (AI) and the Internet of Things (IoT) to prepare them for the future. The program aims to develop 1100 engineering students across Karnataka. A PTI report stated, “The pilot project between SSIR and VTU is an effort to equip students with knowledge and skills on cutting-edge technologies, which will contribute to the growth of the technology ecosystem in Karnataka.”

2. Union minister Rajeev Chandrasekhar calls for transparency on AI regulations

During the Mumbai Tech Week, Union Minister Rajeev Chandrasekhar emphasized the need for transparent rules to create economic growth and highlighted the use of artificial intelligence in various sectors such as healthcare. Chandrasekhar said, “We are going to make full use of AI to achieve our economic growth goals and ensure that AI has a major impact on healthcare and pharmaceutical development, as well as agriculture and farmer productivity. The use cases are not about having bragging rights to compete with ChatGPT.” According to a report by ANI.

3. Samsung integrates Galaxy AI features into Bixby

Samsung has integrated the new Galaxy AI features into the virtual Bixby – these were available on the Galaxy S24 series before. Bixby can now perform tasks for Call Assist, Transcript Assist, Browsing Assist, Note Assist, and Interpreter. The feature works in Chinese, English, French, German, Italian, Korean, Portuguese and Spanish. All users need to do is say, “Hey Bixby,” to activate the voice assistant, according to the Samsung Newsroom blog.

4. CEO Alan Mamedi says Truecaller focuses on artificial intelligence to prevent fraud

While sharing the fourth quarter earnings, Truecaller CEO Alan Mamedi said the company is developing artificial intelligence features for the app to combat fraud and that this will help the platform gain a larger user base. Mamedi said: “During 2024, we will focus even more on developing AI-based features to prevent fraud, grow our user base and our recurring revenue in the long term with the goal of making it a much larger share of our total revenue,” says Mamedi. Press release.

5. RetinAI released ‘Discovery’, its new AI tool for clinics

RetinAI announces its new AI tool called “Discovery” which focuses on the needs of ophthalmologists and optometrists. The tool can speed up the workflow of clinical decisions, teleophthalmology management, referral decisions and patient management. The tool enables doctors to optimize treatments and provide patients with detailed information. According to the press release, it helps improve patient engagement and quality of care.