📰Daily AI News Summary 📰
1. India new AI projects
India to Select 8 Projects for Ethical AI Development 🤖✨
2. Mohandas Pai Condemns on AI Centres
📢 Mohandas Pai Criticizes Government’s AI Centers Selection🧐💬
3. Apple Engineers on AI Apps
🍏 Apple Engineers: AI Apps Are Advanced Simulators🔍🤖
4. AI revolution in HR Field
📈 Automation Impact on HR Recruitment! ⚙️👩💼
5.TSMC about AI shares
📊 TSMC Shares Surge on AI Demand🚀💹
With these strategic imperative plans for promoting ethical AI, the Indian government, in selecting eight trailblazing projects from the most prestigious academic institutes, seeks to foster responsible AI development while attending to critical societal challenges. By prioritizing projects that emphasize ethical considerations, transparency, and accountability, the government makes it clear that AI technologies should respect national values and contribute meaningfully to society. The projects selected will, of course, receive funding and support that will spur greater collaboration between academia and industry. That speaks directly to India's success for harnessing AI's potential while avoiding the misuse and bias that could imperil a sustainable and inclusive technological future.
Mohandas Pai, a well-known entrepreneur, has voiced his frustration over the government's recent decision to name AI Centres of Excellence. According to him, the chosen centres in India do not have sufficient expertise or inventiveness in the field of advances in artificial intelligence that might carry weight. This decision has been termed by Pai as a defining factor in denying India's position as a leader in ethical AI development and in making way for breakthrough research. He stresses that institutions should be chosen based on their past contributions; those that can really take up pertinent challenges. He has bemoaned possible lack of readiness to keep India in the big league with an apparent call for selection that cuts across strategies and is merit based in favour of centres for this flag technology.
According to these Apple engineers, the artificial intelligence applications we have today are just highly sophisticated facsimiles without what they define as "real" intelligence. Thus, while these systems can exploit large data sets and produce responses, they do not actually possess human intellectual depth or cognitive level. With this distinction, the capabilities of popular AI tools that generally work based on algorithms and pattern recognition, rather than real understanding, lead to questioning. In their opinion, there should have been major advances in technology and better models of human-like cognition before one could seriously culminate AI. The insights thus compel a cursory inside scrutiny about the current status of AI and its further fate of gathering more authenticity and functionality.
The recent report highlights that, by 2030, some sort of automation will have taken over about 41% of jobs in HR recruitment due to advancements in artificial intelligence. From resume screening to candidate assessments, the AI can change the chains of recruitment such that recruitment takes less time and effort from human recruiters. Automation creates a certain amount of efficiency and the opportunity to save some money- but along with that, concerns on job loss and having to reinvent themselves on the part of human resources specialists based on this development arise. Experts suggest that as rote tasks become automated, recruiters must then account more for strategic roles: engagement with candidates, the notion of cultural fit, and stressed capabilities: intuition and a human touch when concerning recruitment processes.
U.S.-listed shares of Taiwan Semiconductor Manufacturing Company (TSMC) surged 8% in premarket trading after the company reported its most recent quarter's profits trebled on booming demand for its AI technologies. TSMC posted on Thursday a 13.5% year-over-year increase in profit for the three months starting April 1 to $4.85 billion. A company executive said orders for AI chips have been fuelling the company's recent revenue increase. TSMC's solid quarter underscores the growing importance of the company to the tech supply chain worldwide, as corporations rush to meet growing demand in AI technology. As corporations large and small continue to invest heavily in low-cost AI tools for vehicles, drones, and connected devices, investors look motivated to sell more TSMC shares. Business is poised to continue to grow as the number of AI applications increases, they said. The robust profit report is a sign of TSMC's dominant position in the semiconductor market amid the ongoing AI revolution.
Other References
Toyota and Boston Dynamics Partner to Further Accelerate Humanoid Robot Research and Development.
Walmart’s CTO places bigger bets on generative AI as customer shopping habits evolve.
A look at the new generation of AI and robot technology.
Adobe’s Project Super Sonic uses AI to generate sound effects for your videos.
More Recent News
