Bhuvana Kamath

Besides allocating 46% of its operating revenue to R&D, the company has made strategic IP acquisitions to enhance its product lineup, including a compensation management platform that has grown 14X since acquisition.

Speaking at Meta’s Build with AI Summit, LeCun said India's potential lies not only in technology and product innovation for local markets but also globally.

Nilekani elaborated on India's unique position, stating that the country's digital infrastructure is providing the foundation to accelerate the adoption of AI.

According to Freshworks, the AI agents can be deployed within minutes and have autonomously resolved an average of 40% of customer support requests and 45% of IT service inquiries.

Artificial intelligence is overhauling the legal sector case by case. But will this collaboration thrive or falter amid hallucinations and accuracy?

The funding will be directed towards enhancing its AI automation platform and expanding its global footprint, the company said.

Auquan will allocate the capital to expand its engineering team in Bengaluru by hiring talent in AI/ML and streamlining knowledge-intensive financial workflows using AI.

Digital lender MoneyView has reported a sharp 75% year-on-year increase in revenue to Rs 1,012 crore for the fiscal year ended March 31, 2024, compared to Rs 577 crore earned in the previous year.

GitHub's report for 2024 reveals an uptick in generative AI activity in India, showing that AI has moved beyond the hype phase of 2023.

Additionally, Walmart India managed to cut total expenses by 2.45%, bringing them down to Rs 5,354 crore in FY24 from Rs 5,484 crore in FY23, financial statements showed.