5 things about AI you may have missed today: China clears 40 AI models, AI chip market, and more

tech.hindustantimes.com:

AI roundup: Satya Nadella will be visiting India as part of his annual visit on February 7, 2024. On his agenda would be to explore various AI opportunities and for that, he would be meeting leaders in Indian startups space. Chinese authorities have started the approval process for AI models and already approved 40 models. Know more about AI happenings here.

Puneet Chandok, Microsoft India and South Asia's President revealed in an internal email about the visit of Microsoft CEO Satya Nadella to India with the ambition to explore the opportunities of AI in the country. The email said, “AI is playing a game-changing role in shaping ‘India's Techade' and will make India and South Asia one of the most exciting markets for technology,” according to a moneycontrol report.

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To upscale AI development in China, the authorities have approved over 40 AI models for public use. It is the fourth batch approval which includes Xiaomi Corp, 4Paradigm, 01.AI, and others. This move was made to meet the rising AI demand in the country and to catch up to the U.S. in AI development space, US News reported.

Learnable.ai is generating funding of over $70 million to revamp the China college exam system with the help of AI. The company is looking for applications for AI to overhaul the unchanged system grading of the “gaokao.” Guan Wang chairman of the company said, “Reviews by experts have found that accuracy of using AI models is actually higher than humans, because students' handwriting could be messy and hard for teachers to discern.” According to a Bloomberg report.

According to a new study, AI training algorithms are growing and it may result in the growth of AI chips for edge applications between 2023 and 2034. "AI Chips for Edge Applications 2024–2034: Artificial Intelligence at the Edge" IDTechEx reported in a prediction. The use of AI may also lead to an increase in automation and interconnectedness, according to a press release

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