Generative Ai News - Latest Updates & Headlines
NFRA, IIT Kanpur jointly organise Hackathon on large language models, generative AI
New Delhi, March 30: The National Financial Reporting Authority (NFRA) and Indian Institute of Technology (IIT) Kanpur jointly organised a Hackathon to encourage students to build cutting-edge solutions using Large Language Models (LLM) and Generative AI.
Generative AI users in South Korea nearly double in 2024
Seoul, March 30: The number of users of generative artificial intelligence (AI) services in South Korea nearly doubled from a year earlier in 2024, government data showed on Sunday.
India's Generative AI boom to drive Data Centre demand, as AI industry set for multi-fold growth: Report
New Delhi, March 24: India's Generative Artificial Intelligence (Gen AI) sector is expected to witness strong growth over the next five years, creating a surge in demand for data centres (DC), says a report by ANAROCK.
Over 52 % Indian cos saw increase in losses from AI fraud attacks in past year: Report
New Delhi, India March 19: The advent of Artificial Intelligence (AI) has amplified fraud activities with over 52 per cent of companies in India seeing an increase in losses from fraud attacks in the past one year, according to the data and technology firm Experian.
Gen AI, agentic AI to revolutionise customer service, drive business value: Report
New Delhi, March 17: With the rise of generative AI (Gen AI) and agentic AI, companies are looking to transform their customer service departments into key value drivers that enhance brand perception, improve customer loyalty, and drive operational efficiency, a new report said on Monday.
Over 90 pc Indians view GenAI skills critical for career growth
Bengaluru, March 12: As emerging technologies continue to evolve, nearly 91 per cent professionals believe generative AI (GenAI) skills are essential for career advancement, a new report said on Wednesday.
India's IT services firms likely to post 4 to 6 per cent revenue growth in FY 2026
New Delhi, March 12: Indian IT services companies are expected to record a moderate 4-6 per cent growth in US dollar terms during FY2026, according to an ICRA report released on Wednesday.
Revenue growth of Indian IT services companies projected at 4-6 pc in FY2026: ICRA
New Delhi, March 12: Indian IT services companies will witness a moderate 4-6 per cent revenue expansion in USD terms in Financial Year 2026 (FY26), the ICRA said in its projection on Wednesday.
Ajay Devgn launches AI-driven media company to expedite filming process
Mumbai, March 7: Bollywood superstar Ajay Devgn, who was recently seen in 'Singham Again', is thinking for the future of Indian cinema, and with regards to the same, he is now set to revolutionise AI-driven media.
8 in 10 Indian developers able to boost productivity by using GenAI
Mumbai, Feb 25: About eight out of 10 developers in India have reported significant productivity gains by using generative AI, as the new technology is transforming IT-enabled services (ITeS) industry in the country, according to a new report.
1 in 2 retailers in Asia-Pacific to leverage GenAI for content creation, cut costs by 2027
New Delhi, Feb 23: At least 50 per cent of Asia-Pacific retailers will leverage GenAI-enabled content creation and delivery by 2027 for dynamic product content, boosting conversion rates, and cutting content management costs by 30 per cent.
Generative AI most desired new subscription service among youth in South Korea
Seoul, Feb 19: Generative artificial intelligence (AI) has emerged as the most desired product in the new subscription application product category among consumers in their 20s and 30s, a poll showed on Wednesday.
89 pc of Indian tech service enterprises begin GenAI proof-of-concept projects
New Delhi, Feb 10: At least 89 per cent of Indian technology service enterprises have initiated generative AI (GenAI) proof-of-concept (POC) projects, with 33 per cent already in production, according to a report on Monday.
Taiwan's next-generation supercomputer set to launch in May: Report
Taipei, February 10: Taiwan is set to launch its next-generation supercomputer for artificial intelligence (AI) in May, with plans to significantly expand its capabilities in the coming years, the Taipei Times reported.
36% of Indian enterprises started budgeting for Gen AI: E&Y report
New Delhi, January 28: A survey conducted by multinational professional services firm Ernst & Young showed that 36 per cent of enterprises in India have budgeted and started investing in GenAI while another 24 per cent are experimenting with it.
Indian healthcare sector most targeted by cyberattacks, followed by education: Report
New Delhi, January 26: The Indian healthcare sector was the most impacted by cyberattacks, with 8,614 weekly attacks per organisation, according to cybersecurity solutions provider Check Point Software Technologies.
AI technologies set to revolutionise Indian businesses this year: Report
New Delhi, Jan 23: India is expected to witness a transformative shift in its technological landscape this year, driven by advancements in artificial intelligence (AI) and generative AI (GenAI), a report said on Thursday.
Spending on data centre systems in India to increase 19.1 pc this year
New Delhi, Jan 21: Spending on data centre systems in India is expected to increase 19.1 per cent in 2025, nearly doubling its growth rate from 2024, according to latest forecast by Gartner on Tuesday.
Nearly 9 out of 10 India CEOs confident of economic growth as they plan headcount increases and continued AI rollout: PwC
Davos, January 21: A new survey by PwC reveals that nearly 9 out of 10 CEOs in India remain confident in the country's economic growth, with a strong focus on expansion plans, including headcount increases and the continued rollout of Artificial Intelligence (AI) technologies.
Global PC market up 3.7 pc, over 25 pc laptops now GenAI capable: Report
New Delhi, Jan 20: The global PC market saw a 3.7 per cent shipment growth in Q4 2024, and over 25 per cent of laptops were generative AI (GenAI) capable last year, a report showed on Monday.
Tech Mahindra registers 92.6% rise in Q3 profits, revenue a marginal 1.4%
Chennai, January 17: Tech Mahindra on Friday reported that its consolidated net profit during the October-December quarter rose 92.6 per cent to Rs 983 crore. In the same quarter of last fiscal, the company reported net profit worth Rs 510 crore.
GenAI to transform 38 million jobs in India by 2030, boost productivity: EY Report
New Delhi, January 16: Generative AI (GenAI) is set to revolutionise India's workforce by transforming 38 million jobs and driving substantial economic growth by 2030, according to a report by EY India.
GenAI adoption projected to transform nearly 3.8 crore jobs in India by 2030
New Delhi, Jan 14: The Generative AI (GenAI) adoption is projected to transform at least 38 million (3.8 crore) jobs in India by 2030, driving a 2.61 per cent productivity boost to the economy through gains in the organised sector and additional 2.82 per cent with the adoption of GenAI by the unorganised sector, a report said on Tuesday.
HCLTech and Microsoft expand partnership to transform contact centers with generative AI and cloud-based solutions
New Delhi, January 14: HCLTech, a global technology leader, has announced to expand its strategic partnership with Microsoft to transform customer service experiences through the use of generative AI and cloud-based solutions.
South Koreans post record length of generative AI usage time in December: Data
Seoul, January 11: South Koreans used major generative artificial intelligence (AI) services for the longest amount of time last month, data showed.
Installed base of GenAI smartphones to exceed 1 billion globally by 2028
New Delhi, Jan 10: Generative AI (GenAI) smartphones will account for over 54 per cent of total smartphone shipments by 2028, with an installed base exceeding 1 billion, according to a report on Friday.
Urgent upskilling needed to cater 78 million new job opportunities by 2030: WEF Report
Geneva, Switzerland, 8 January: The World Economic Forum (WEF) says that job disruption will equate to 22 per cent of the jobs by 2030.
IT companies gears up for Q3 results with tier 1 companies to report modest revenue growth: Report
New Delhi, January 4: As the quarterly results season begins next week, the Indian IT services sector is preparing for a mixed performance in the third quarter of FY25, a period traditionally considered weak due to seasonal furloughs, according to a report by Centrum.