5 things about AI you may have missed today: Canva rolls out AI tools, Paytm CEO to invest in AI, and more

tech.hindustantimes.com:

AI Roundup: Morgan Stanley analysts predict that the adoption of artificial intelligence (AI) could prove to be beneficial for Microsoft's Xbox and Sony's PlayStation. In a separate development, Paytm founder and CEO Vijay Shekhar Sharma announced plans to invest Rs. 300 crore in India's AI and electric vehicle sectors through the VSS Investments Fund. Moreover, Canva introduced AI-powered K-12 education products as part of its Canva for Education platform.

All this, and more in today's AI roundup.

As the AI race heats up, Microsoft and Sony could benefit from the adoption of this technology in video games, Bloomberg reported on Monday. According to Morgan Stanley analysts, Microsoft's Xbox and Sony's PlayStation will be “the most clear-cut beneficiaries of AI adoption in the game industry”. It could also mean lower costs for AAA game publishers such as Ubisoft Entertainment, Take-Two Interactive, and Naughty Dog.

Paytm founder and CEO Vijay Shekhar Sharma, who has previously invested in consumer and B2B tech startups such as Ola Electric, and KAWA Space, announced a fund of Rs. 300 crore to invest in India's AI and electric vehicle growth. As per a Bloomberg report, the investment firm, called VSS Investments Fund, will be backed by Sharma's VSS Investco Private Limited.

Microsoft on Monday announced it will invest $3.2 billion in Australia over the next two years as it looks to expand its AI and cloud computing infrastructure. As per a Bloomberg report, it will also collaborate with the Australian Signals Directorate to develop a new cybersecurity initiative, while also establishing a Microsoft Datacenter Academy in Australia. Microsoft President Brad Smith said, “This is our largest investment in Microsoft's 40-year