📰Daily AI News Summary 📰
1️⃣ Akash Ambani Urges Quick AI Adoption and Data Localization in India
At the India Mobile Congress 2024, Akash Ambani highlighted the importance of quickly adopting AI and localizing data to improve India's position in the global market.. 🌐💻
2️⃣ PM Modi Calls for a Worldwide Ethical AI System
Prime Minister Narendra Modi encouraged the world to unite and develop an ethical AI system that protects privacy and values diversity, as he spoke at the India Mobile Congress 2024. 🤖🌍
3️⃣ Arturo Introduces AI-Based Change Monitoring for Insurance Companies
Arturo has introduced its new AI-powered Change Detection technology, enabling insurers to automatically monitor property changes using satellite images. 🛰️🏠
4️⃣ Adobe Introduces AI Video Tools, Competing with OpenAI and Meta
Adobe has released its AI video tools, intensifying the competition with OpenAI and Meta by providing creators with advanced automation for video editing.. 🎥✨
5️⃣ Google Uses Nuclear Power to Support AI Goals
**Google is using nuclear energy to handle the increasing energy needs of its growing AI systems, combining sustainability with new ideas.**⚛️⚡
This is how Akash Ambani, Chairman of Reliance Jio, sees it as "India Mobile Congress 2024". Drifting home the urgency for AI adoption and data localization in India, he underlined the potential AI will hold in transforming industries and fuelling growth in an economy. He further added that AI could transform digital experiences for millions across India. In the words of Ambani, India should increase its efforts in building AI capabilities, as if it lags behind the global pace, it will lose out. He also sought for robust data localization measures so that Indian data would be dealt with in a safe and sound manner within the country in an internationally acceptable manner. This call finds its reflection in the deepening Indian focus on AI and Digital Sovereignty where cutting-edge technologies can be acquired without compromising its control over data assets for national security as well as economic prosperity.
At India Mobile Congress 2024, Prime Minister Narendra Modi underlined the need for a global framework for ethical AI balancing ease and convenience with transparency, respect, and diversity. Modi stressed the potential of AI as a transformative powerhouse but also warned against its misuse and called for global cooperation to see if the world could create regulations where human rights were placed first and data security followed. He insisted that AI governance needs to be sensitive toward the diversities of cultural and social contextuality. Modi's appeal reflects the responsibility Indian leadership assumes in developing responsible AI development, encouraging nations for striding with concerted efforts toward creating a harmonious approach to ethical innovation without compromising individual privacy and societal values anywhere in the world.
Arturo is the leading AI and geospatial technology company. Recently, it unveiled its AI-powered Change Detection technology. This is one of the game-changers technology in the insurance sector, which will enable insurers to automatically identify property changes such as renovations or damage based on high-resolution aerial imagery and satellite data. The AI-powered tool helps insurers with new levels of accuracy in underwriting, streamlines claims processing, and reduces operational costs. By identifying key changes in the properties in real-time, the insurers would be able to undertake bespoke services and proactively reduce their risks. A significant milestone in employing AI in improving the insurance industry's decision-making and efficiency and providing faster, data-driven insights into property risk assessment and management lies in Arturo.
Adobe is launching a new suite of AI-powered video tools as the company aligns itself at the head of the ever-changing generative AI wars. The new suite of AI-driven video editing tools is going to be prepositioned in Adobe Creative Cloud. These AI-driven video editing tools offer a reduced complexity of video editing operations, with automated scene detection, colour correction, object removal, and more. Leveraging Adobe's own AI model, Firefly, these tools promise to cut down "handwork" for the creator and retain creative control. The rise in demand of the content creation tool powered by AI calls for stiff competition among other industry giants like OpenAI and Meta as these have continuously developed their own AI offerings into a repository of support for content creators and media professionals.
Google is looking into using nuclear energy to help with the huge amount of power needed for its growing AI projects. As AI systems and data centers use more energy, the company wants to find sustainable and dependable power sources. By choosing nuclear energy, Google hopes to support its AI growth, lower its carbon emissions, and guarantee a stable energy supply. This decision shows Google's dedication to both protecting the environment and meeting the energy needs of future technology. As AI keeps advancing, Google's choice to use nuclear energy highlights the importance of clean and scalable energy options for powering new technological developments.
Other References
Google goes nuclear to power AI data centres.
US Weighs Capping Exports of AI Chips From Nvidia and AMD to Some Countries.
OpenR: An Open-Source AI Framework Enhancing Reasoning in Large Language Models.
AI research uncovers 160,000 new RNA viruses.
Adobe starts roll-out of AI video tools, challenging OpenAI and Meta.
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