Don’t Miss Out! 5 AI Updates You Need to Know: Government’s Warning, Ant Group’s Launch, and More!
Karnataka’s Mysore Sales International Ltd (MSIL) is preparing to launch an innovative AI-driven platform to improve its chit-fund business. Additionally, Alibaba’s Ant Group has obtained Chinese government authorization to utilize AI products utilizing its Large Language Model (LLM) named Bailing. Union Minister Rajeev Chandrasekhar has cautioned social media platforms about their duty in combating AI-generated deepfakes and false information.
All this and more in today’s AI review.
1. MSIL to acquire a platform powered by artificial intelligence
On Monday, Karnataka Industries Minister M B Patil announced that Mysore Sales International Ltd (MSIL) will soon get its first AI-powered platform. According to a PTI report, the state-run company could expand its mutual fund business with the help of artificial intelligence, which would enable a “smart and efficient user experience”. “It is the first if it is friendly in the country, an AI-powered platform for a smart and efficient user experience. The target is to reach ₹10,000 from ₹300 crore in the next five years,” Patil said.
2. Ant Group gets government approval for AI applications
Chinese technology company Alibaba announced on Monday that its subsidiary Ant Group has received permission from the Chinese government to market products based on its AI Large Language Model (LLM), called Bailing, Reuters reported. For the uninitiated, Chinese companies must apply for regulatory approval before making their products publicly available.
3. The state issues a warning after the AI video appears
Union Minister Rajeev Chandrasekhar has today issued a stern warning to social media platforms, stressing their legal obligations to combat deep fakes and all other misinformation. His post was triggered by a shocking deepfake video of actress Rashmika Mandanna that went viral. The video originally featured Zara Patel, a British-Indian influencer, but it had been manipulated to replace Rashmika Mandanna’s face using AI-powered deepfake technology.
4. Evolve AI gets new features
Evolv AI, an AI-led experience optimization platform, announced the addition of three new generative AI features on Monday. The first Design-to-Design allows businesses to modify any HTML feature of their website, including styles, layout, and more, with a single text prompt. On the other hand, the text paraphrasing feature creates variations of the existing copy or creates a new copy of the prompts. AI image design enables teams to create, crop and resize images for digital experiences.
5. Seadronix presents an artificial intelligence maritime solution
Autonomous navigation solutions provider Seadronix announced on Monday that it will launch NAVISS Admin, a real-time remote navigation assistance and monitoring service. The NAVISS system includes both shipboard and land-based components that connect tug fleets with land-based operators. It has AI-powered maritime object recognition capabilities that provide tug operators with situational awareness during various maneuvers.
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