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ByteDance asks intern in AI breach case to pay $1.1 million damages

by AIP Online Bureau | Dec 5, 2024 | International News, Regulation, Risk Management, Technology, Workplace/Employee Benefits

The case has drawn attention due to its focus on AI LLM training, a technology that has captured global interest amid rapid technological advances in so-called generative AI, used to produce text, images or other output from large bodies of data. China’s ByteDance is...

National Consumer Helpline to roll out AI-based features, partners with 1,000 firms

by AIP Online Bureau | Nov 24, 2024 | Eco/Invest/Demography, Indian News, Risk Management, Technology

The technological transformation of National Consumer Helpline(NCH has led to a significant increase in its call-handling capacity. The number of calls received by NCH has grown nearly tenfold, from 14,795 calls in January 2015 to 1,41,817 calls in January 2024. This...

Prudential launches global AI Lab in Singapore, to improve consumer access to quality healthcare

by AIP Online Bureau | Nov 19, 2024 | Indian News, Intermediaries, Life, Technology

Anil Wadhwani, Chief Executive Officer, Prudential plc, said: “Data, advanced analytics and AI are crucial to the delivery of our strategic priorities. The AI Lab will supercharge the development of exciting applications such as predictive analytics,...

UNESCO, IT Ministry host multi-stakeholder consultation on safety, ethics in AI

by AIP Online Bureau | Nov 17, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

S Krishnan, secretary, MeitY, highlighted the critical role of the Digital Personal Data Protection Act in advancing responsible AI practices and reaffirmed India’s active participation in international AI forums to balance innovation with regulation New Delhi: India...

Assessing AI: 73% of enterprises have launched AI, 52% of deployments achieving business value, Infosys Survey

by AIP Online Bureau | Nov 13, 2024 | Data, Eco/Invest/Demography, Risk Management, Technology

Sumit Virmani, EVP and Global Chief Marketing Officer, Infosys, said: “CMOs face the dual challenge of fueling growth in the short-term while articulating the value of their brand investments in the medium term. They recognize AI’s, especially generative...
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