Gen AI adoption happening faster than PCs, smartphones: Oracle
7 months, 4 weeks ago

Gen AI adoption happening faster than PCs, smartphones: Oracle

The Hindu  

Adoption of Generative AI is happening at a faster pace than smartphones or PCs, said Oracle, a tech firm based in Austin. “’If one compares the first four years of many recent technologies, it is evident that adoption of Gen AI is happening at a faster pace than smartphones or PCs,” said Chris Chelliah, senior vice president, Technology and Customer Strategy, Oracle, Japan & Apac. “It thought through how an enterprise’s business processes could be enhanced with generative AI and how it could help solve customers’ real world business problems,” Mr. Chelliah said. According to Saravanan Palanivel, Vice President, Cloud Engineering, Oracle India, AI’s capability is growing rapidly as it is “getting better and faster.” For instance, it took over a decade for AI’s handwriting recognition to be as good as the average human, but the learning curve for AI models to reach human parity for reading comprehension and language understanding has gotten significantly steeper.

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History of this topic

Companies expected to increase Gen AI investments by half this year
1 week, 1 day ago

Companies expected to increase Gen AI investments by half this year

Live Mint  

Companies worldwide are expected to spend 50% more on adopting generative AI technologies in 2025 compared to last year, according to a report from an American technology research and IT advisory firm. Last year, seven IT services firms, including Accenture Plc., Cognizant Technology Solutions Corp., and Capgemini SE, flagged the rise of AI and GenAI tools as a risk factor …

SAP confident of new job creation by AI
2 months ago

SAP confident of new job creation by AI

Live Mint  

German software-maker SAP SE is confident that artificial intelligence will create new jobs even as the rise of the new technology casts a shadow on jobs done by humans. The SAP board’s buoyant remarks on AI contrast with those of Google-parent Alphabet Inc’s chief executive Sundar Pichai, whose comments in the company’s post-earnings conference call with analysts put alarm bells …

Gen AI is the next wave of tech: Virtusa CTO
6 months, 2 weeks ago

Gen AI is the next wave of tech: Virtusa CTO

New Indian Express  

Virtusa Corporation has launched Virtusa Helio, which helps organisations leverage GenAI effectively in their digital transformation initiatives. In an interaction with this newspaper, Ram Meenakshisundaram, chief technology officer at Virtusa Corporation, said Virtusa Helio is a brand for GenAI offerings and services and focuses on practical applications, aiming to deliver real-world solutions that generate tangible business benefits. Virtusa’s research reveals …

TCS launches Gen AI aggregation platform WisdomNext
7 months ago

TCS launches Gen AI aggregation platform WisdomNext

New Indian Express  

TCS’ AI for Business Study found that while business executives are generally positive about the impact of AI, they are less certain about the path to transformation. TCS AI WisdomNext helps businesses choose the right models and simplify the design of new business solutions using GenAI tools. At the company's launch event, executives said already many customers are already leveraging …

TCS chairman says AI empowers employees, boosts their productivity
7 months, 1 week ago

TCS chairman says AI empowers employees, boosts their productivity

New Indian Express  

BENGALURU: Artificial Intelligence will empower every employee to perform at a higher level or productivity, Tata Sons chairman N Chandrasekaran said at the group’s IT services arm TCS’ 29th Annual General Meeting held on Friday. Gen AI will not only improve productivity, but also create impact we hitherto have not seen or imagined,” he added. “In the Tata Group, we …

Oracle adds generative AI features to finance, supply chain software
9 months, 3 weeks ago

Oracle adds generative AI features to finance, supply chain software

The Hindu  

Oracle on Thursday said it is adding generative artificial intelligence features across its corporate software lineup, intensifying competition with Microsoft and other technology firms to sell the technology to businesses customers. Oracle's cloud-based software offerings are central to many businesses in running their finances, supply chains and human resources departments, and the Austin, Texas-based company said that the new features …

Google takes Gen AI to its home turf — web search
1 year, 4 months ago

Google takes Gen AI to its home turf — web search

The Hindu  

Since the launch of Microsoft-backed OpenAI’s ChatGPT in November, big tech firms have been building their own versions of conversational artificial intelligence tools. When Microsoft announced AI-powered updates for its search engine earlier this year, CEO Satya Nadella teased Google, saying “They are the 800-pound gorilla, and with our innovation, they will want to come out and show that they …

Oracle uses AI to automate parts of digital marketing
3 years, 3 months ago

Oracle uses AI to automate parts of digital marketing

The Hindu  

Oracle Corp announced on Monday a new system that it says will use artificial intelligence to automate key parts of digital marketing campaigns. Once primarily known for its database software, Oracle is competing against firms like Adobe Inc and Salesforce.com Inc to sell cloud-based software used for marketing business-to-business products that typically cost thousands of dollars or more. Oracle's Fusion …

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