Artificial Intelligence

Apple Acquires AI Startup DarwinAI, Bolstering Its AI Division

In a strategic move to enhance its artificial intelligence capabilities, tech giant Apple has acquired the AI startup DarwinAI, Bloomberg News reported. The acquisition...

LG Electronics Makes $60 mn Strategic Investment in Bear Robotics

LG Electronics announced an investment of $60 million in Bear Robotics, a Silicon Valley-based startup, signaling its commitment to fortify its presence in the...

Piaggio Unveils Factory Robot “kilo” with AI Technology

Piaggio, the Italian motor vehicle manufacturer, has introduced a factory robot named “kilo,” equipped with artificial intelligence (AI) capabilities, designed to autonomously navigate preset...

IDC Predicts 85% of Leading Retailers to Invest in GenAI by 2027

In a recent report by IDC, it has been forecasted that 85 percent of A2000 retailers will undergo testing and investment in Generative AI...

India Approves $1.25 bn Investment in AI Development

The Indian government has given the green light for an investment of $1.25 billion into artificial intelligence (AI) initiatives. This move, announced on Thursday,...

IBM Reports Productivity Boost from Adobe’s Generative AI Tools

IBM has announced its initial testing of generative artificial intelligence (AI) tools developed by Adobe has led to significant productivity enhancements. The collaboration between the...

Anthropic Unveils Claude 3 AI Models Aiming to Beat OpenAI’s ChatGPT and Google’s Gemini

Anthropic, a startup with backing from tech giants Google and Amazon.com, has introduced a new suite of artificial intelligence models named Claude 3, intensifying...

Nvidia to Gain due to Demand for AI Servers Despite Price Challenge from AMD

Microsoft, Google, AWS, and Meta are poised to collectively dominate over 60 percent of global demand for high-end AI servers, TrendForce said. Nvidia’s GPU-based servers...