Centricity, an innovative wealth-tech startup, has raised $20 million in its latest seed funding round, valuing the company at $125 million. This round, spearheaded by Lightspeed, will be instrumental in scaling Centricity’s operations and advancing its technology. The company plans to double its tech team from 75 to over 150 specialists, focusing on generative AI, insure-tech, and…
Artificial Intelligence (AI) is reshaping industries across the globe, and its influence on the Software Development Lifecycle (SDLC) is becoming increasingly prominent. While major tech hubs in Europe and America have been early adopters of AI technologies, India is steadily catching up, driven by its burgeoning tech sector and emphasis on STEM education.
Global Trends in AI Adoption
According to…
Generative AI is increasingly shaping the startup landscape, offering a range of tools that enhance efficiency and speed for new businesses. Despite the buzz surrounding technologies like ChatGPT, the precise impact on economic activity is still emerging. Many businesses, particularly smaller ones, are grappling with how to harness these tools effectively.
Sean Ammirati, a professor at Carnegie…
Earlier this month, tech executives from Google DeepMind, Microsoft, and Meta Platforms converged in Bangalore to witness a major development from one of India’s leading AI startups. Sarvam AI, often compared to India’s version of OpenAI, unveiled a groundbreaking product that could revolutionize the use of AI in the country. Their new software enables businesses to interact with customers…
In a provocative statement, former Google CEO Eric Schmidt has criticized the company’s work-from-home culture for impeding its ability to innovate and compete effectively in the AI sector. Speaking at Stanford University, Schmidt asserted that Google’s focus on work-life balance and flexible schedules contributed to its failure to anticipate and respond to the rapid rise of ChatGPT and…
E-commerce giant Meesho has made significant strides in reducing its customer support costs, thanks to the integration of generative artificial intelligence (GenAI) into its operations. Sanjeev Barnwal, the founder and chief technology officer (CTO) of Meesho, revealed that the company has successfully automated 95% of its customer support chats, resulting in a remarkable 90% reduction in related…
In a decision that now appears prescient in hindsight, Intel, once a leading force in the computer industry, opted against investing in OpenAI, a move that has contributed to the chip giant’s struggle to stay relevant in the rapidly evolving AI sector. The choice not to back OpenAI has had significant repercussions, especially as the field of artificial intelligence has surged forward, fueled by…
Artificial Intelligence (AI) is increasingly reshaping the digital landscape, and Justdial, a pioneer in local search and business connections, is at the forefront of this transformation. The company is harnessing the power of generative AI to revolutionize its platform, aiming to deliver a more intuitive and informative experience for both consumers and businesses.
In an exclusive interview with…
