Volkswagen enters AI competition, India to benefit from global AI shift, and more: 5 AI updates you might have overlooked today
Volkswagen, a major global car company, has established an AI lab to construct innovative digital prototypes for its products and features, joining the trend of companies worldwide developing their AI tools and services. Microsoft CEO Satya Nadella is scheduled to visit India, with Microsoft India and South Asia President Puneet Chandok stating that the country will reap the greatest advantages from the global shift towards AI. Stay informed about the latest developments in the field of AI.
- Volkswagen joins AI race with new lab; now looking for partners
Volkswagen has established an artificial intelligence laboratory that curates ideas for new products integrated with artificial intelligence. To move the initiative forward, the company is looking for potential partners from the technology sector in China, North America and Europe. It aims to develop digital prototypes for “AI-optimized charging cycles, predictive maintenance services and voice recognition,” according to a Reuters report.
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2. Microsoft India President Puneet Chandok talks about global AI revolution, says India will benefit
Microsoft’s first AI Tour in India comes just before CEO Satya Nadella’s visit. During the event, Microsoft India and South Asia President Puneet Chandok said that India stands to benefit the most from the global AI revolution. He said, “India is not just incredible, it’s unstoppable. It’s our time to shine. AI is a massive platform shift, it’s a defining technology shift for a lifetime. Its impact on our lives is incredible, and finally you’ll be able to access your email, Word document and co-pilot integrated into other According to MoneyControl’s report.
3. ByteDance’s CEO fears mediocrity after AI
ByteDance CEO Liang Rubo held a company-wide meeting where he warned employees that the company could face challenges due to AI competition and new advanced startups entering the industry. Liang said, “Our company is not sensitive enough (to new technology)” and could slip into mediocrity. According to Liang, the company did not pay much attention to AI technology and it will be more difficult for them to catch up, according to a Reuters report.
4. ThoughtFocus Introduces AI Software Robots to Improve the Workforce
Digital and financial services provider ThoughtFocus announces the integration of artificial intelligence software robots (AI agents) into business processes. An artificial intelligence agent is expected to improve business and decision-making. Bradley Clerkin, director of technology innovation, said, “Integrating AI agents into your business processes is a seamless and intuitive decision. The benefits driving the value chain when AI agents and human professionals work together are obvious and significant,” according to the press release.
5. Exterro announces AI assistant for E-discovery for automation process
Exterro, a risk management software company, announced AI Assistant for E-discovery, privacy and data management, forensics and cyber security experts. An artificial intelligence assistant helps automate complex workflows, investigations and helps risk management professionals. Ajith Samuel, founder and chief product officer of Exterro, said in a press release, “Our users can now effectively complete most of their E-discovery tasks and workflows through simple conversational interactions.”
