Andrew McAfee, the Co-Founder and Co-Director of ‘MIT’s Initiative on the Digital Economy’ and a Principal Research Scientist at the MIT Sloan School of Management, believes that despite being a new technology, generative AI shows promising signs of being a general-purpose technology similar to the steam engine. Since the Industrial Revolution, a handful of technologies have been powerful enough to accelerate overall economic development, the author said in his report, “Economic Impact of Generative AI.” These “general purpose” technologies include the steam engine, the internal combustion engine, electrification, and the…

PremjiInvest, the leading Indian family office overseeing more than $10 billion for software magnate Azim Premji, plans to increase investments in artificial intelligence companies and enhance its in-house AI investment tools, according to a senior executive at the company. The firm, which was among the first major Indian asset managers to use AI tools in the private equity sector, is now working on AI quantum modeling for its public market bets as well, TK Kurien, its managing director and chief investment officer, said in his first speech. after being interviewed…

Synthesia, a company backed by Nvidia, has unveiled “Expressive Avatars,” digital characters created by AI that can express human emotions using text inputs. This breakthrough is poised to transform the video production industry by eliminating the necessity for cameras, microphones, actors, and time-consuming editing procedures. Connecting the virtual and real world London-based Synthesia studio employs Actors to read scripts against a green screen and teach an artificial intelligence system to reproduce human expressions and emotions. “Expressive Avatars” were introduced by inputting simple lines of text such as “I’m happy,” “I’m…

Microsoft has introduced a smaller AI model for creating content, while Adobe is set to release a complete AI image generation feature in Photoshop. A report shows that India is at the forefront of global adoption of GenAI, with a surge in investment expected. Additionally, scientists have created a “Toxic AI” to help train chatbots to be safe. Stay updated with these and more in our daily news roundup. 1. Microsoft releases a compact AI model for content creation Microsoft announces Phi-3-min, a compact AI model designed for content creation…

According to a recent report from the Stanford Internet Observatory, a tipline established 26 years ago to address online child exploitation has not fully met its objectives and requires technological enhancements and other improvements to better assist law enforcement in pursuing offenders and saving victims. Repairs to the “extremely valuable” service for researchers also need to be made urgently, as new artificial intelligence technology threatens to exacerbate its problems. “In the years to come, the CyberTipline will almost certainly be flooded with highly realistic-looking AI content, making it even more…

Kerala’s KITE aims to provide AI training to 80,000 teachers by August; Concerns raised over Bollywood deepfakes impacting elections; IIT Kharagpur to introduce AI course in BTech program; Apple acquires French startup focusing on AI and computer vision. Stay updated with our daily news roundup. 1. Kerala’s KITE will train 80,000 teachers in artificial intelligence by August Kerala’s KITE plans to train 80,000 secondary teachers in artificial intelligence by August. They learn how to create topic-specific visuals, simplify documents, and condense content. Aiming to inspire responsible use of AI, the…

The introduction of AI coding assistants has revolutionized the programming world by providing developers with valuable tools to simplify the coding process. These assistants, utilizing machine learning algorithms, offer features like code autocompletion, bug fixing, and instant code creation, making them essential in reshaping the programming landscape. GitHub Copilot: GitHub Copilot is a well-known AI coding assistant developed by GitHub itself. As a VS Code plugin, it works like a smart pair programmer, offering code suggestions, explanations, and even refactoring help in real-time. Priced at $10 per month, Copilot integrates…

Adobe has introduced a new AI assistant for Acrobat to improve document interactions. According to reports, India is considering using Nvidia GPUs for its AI mission. Microsoft’s AI Copilot is changing the coding scene, while Google is collaborating with the National Guard for AI-powered disaster response efforts. Stay updated with our daily roundup for more news. 1. Adobe introduces Acrobat AI assistant to improve document interaction Adobe has released Acrobat AI Assistant, which integrates generative artificial intelligence into Reader and Acrobat workflows. This innovation increases productivity by enabling conversational interaction…