AI roundup: India is embracing new technologies such as AI with full force. By acknowledging the efforts, Prime Minister Narendra Modi said that the country will be leading the world in AI. In other news, Samsung and Deloitte invested in Medical AI Startup PocketHealth to explore how AI could boost the healthcare sector. Check out more news about AI from today, March 20, 2024.
1. PM Narendra Modi on the potential of AI in India
PM Modi, while addressing the Startup Mahakumbh event, highlighted India's capabilities to lead the world in AI. He also encouraged startups to build solutions that will improve India's global challenges. PM Modi said, “We are in a new era of AI technology, and the world acknowledges that India will have an upper hand in AI. It is now our priority to ensure that we do not let go of this opportunity.” Additionally, he also said how the mission in AI, semiconductors will bring job opportunities, according to a PTI report.
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Microsoft recently hired Mustafa Suleyman and Karén Simonyan from the AI startup Inflection AI. Not only that but other staff members have also shifted to Microsoft. Seeing the course, the startup may plan to license its technology to Microsoft. Now, the company may also change its strategy by selling its own AI products directly to consumers. Company's cofounder and VC Reid Hoffman shared a LinkedIn post saying “Good day for everyone involved in Inflection. This agreement with Microsoft means that all of Inflection's investors will have a good outcome today, and I anticipate good future upside,” according to a Bloomberg report.
A medical AI Startup PocketHealth has been raising investments for its AI initiatives, which have raised $33 million. Samsung and Deloitte have also invested in the company in a move to explore the potential of AI in the healthcare sector. Rishi Nayyar chief executive of the company said, “We use AI to
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