5 things about AI you may have missed today: AI opportunities rise in India, Meta revenue gets AI boost, and more | Tech News

5 things about AI you may have missed today: AI opportunities rise in India, Meta revenue gets AI boost, and more

AI Roundup: Startup founders share views on AI opportunities; Meta’s ad campaign returns see a jump by 32% courtesy of AI tools, and more.

By: HT TECH
| Updated on: Jan 18 2024, 19:02 IST
In Pics: Samsung Galaxy S24 series launched: Cutting-edge AI prowess to counter Apple iPhone dominance
artificial intelligence
1/6 1. Samsung's latest premium smartphones, the Samsung Galaxy S24 series have been unveiled on Wednesday and they aim to challenge Apple iPhone's dominance by offering advanced AI features, including real-time two-way voice translation during phone calls in 13 languages.
image caption
2/6 2. In response to Apple surpassing Samsung in 2023 smartphone shipments, the Samsung Galaxy S24 models feature on-device AI functions, emphasizing security by not relying on cloud connections for tasks such as simultaneous language translation. 
image caption
3/6 3. The new Samsung Galaxy S24 smartphones introduce innovative AI capabilities, such as "circle-to-search" functionality, AI translation with tone adjustments, AI summaries, and generative editing of photos to enhance user experience. 
image caption
4/6 4. On-device AI, a focus for companies like Qualcomm and Samsung, is promoted as a more secure option for handling personal information, as it eliminates the need to transmit data to the cloud for processing. 
image caption
5/6 5. While only 5% of smartphones in 2024 are projected to be AI-capable, Canalys forecasts a substantial increase to 45% by 2027, highlighting the growing importance of AI in shaping the future of smartphones. 
image caption
6/6 6. The Samsung Galaxy S24 series, available for purchase from January 31, retains the base model and Samsung Galaxy S24 Plus prices from the previous year, but the Samsung Galaxy S24 Ultra sees a $100 price increase, signaling Samsung's commitment to offering cutting-edge technology at competitive prices.
artificial intelligence
View all Images
Know what’s happening in the AI universe today, January 18. (Pixabay)

AI Roundup: Several notable developments took place in the field of artificial intelligence (AI) today, January 18. At the Microsoft forum, startup founders have shared their views on AI opportunities in India. Meanwhile, the World Economic Forum's AI Governance Alliance highlighted the need for global efforts to make access to AI equitable at Davos.

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

1. Startup founders share views on AI opportunities

Microsoft today hosted a forum inviting startup founders across diverse industries to share their views on the AI opportunity for startups in India, opening a dialogue on the potential of AI to accelerate innovation and growth for the sector. Sangeeta Bavi, Executive Director, Digital Natives, Microsoft India, was in conversation with Pratik Desai, Founder and CEO at Kissan.ai, Laina Emmanuel, Co-founder and CEO at BrainSightAI, and Lakshman Pasala, Co-founder and CEO at NeverInstall discussing how with AI, the opportunity to drive impact for startups increases manifold. The experts discussed what's needed to create a positive startup ecosystem, the factors that will increase AI adoption, and learnings from their own AI journey.

2. Meta's ad campaign returns boosted by 32% courtesy of AI tools

Nicola Mendelsohn, global business group head at Meta Platforms revealed on Thursday that the tech giant's ad campaign returns have seen a 32% increase with the help of AI. In a conversation with Bloomberg Television from the World Economic Forum in Davos, Mendelsohn said that AI tools have helped simply the process of developing a campaign. While it would have previously required numerous steps, “you can do it in one button now”, she said.

3. AI Governance Alliance calls for equitable access to AI

At Davos, the World Economic Forum's AI Governance Alliance highlighted the need for global efforts to make access to AI equitable. As per a PTI report, while AI has the potential to help tackle global challenges, it also poses a danger of creating a new digital divide. Cathy Li, Head, AI, Data and Metaverse, WEF said, “We must collaborate among governments, the private sector, and local communities to ensure the future of AI benefits all”, she said.

4. TSMC posts 20% growth in 2024 revenue courtesy of AI boom

Witnessing the boom of AI, Taiwanese chipmaker TSMC projected more than 20% growth in 2024 revenue on Thursday. As per a Reuters report, even though the smartphone industry is going through somewhat of a slump, high-end AI chips are used in everything from smartphones to electric vehicles. C.C. Wei, TSMC CEO said, “We are a key enabler for AI applications. So far today, everything you saw for AI comes from TSMC.” At present, the demand for advanced packaging is very strong, which TSMC is unable to keep up with, but the company plans to continue it next year.

2. Samsung unveils Galaxy AI

At the Galaxy Unpacked event, Samsung unveiled its latest tech innovation, Galaxy AI. The tech giant says Galaxy AI introduces meaningful intelligence aimed at enhancing every part of life, especially the phone's most fundamental role - Communication. It has various features such as Interpreter, Live Translate, Chat Assist, Note Assist, Transcript Assist, and Circle to Search.

Also read these top stories today:

Samsung vs Apple! Samsung unveiled the Galaxy S24 series with AI features to create dominance in the market. Could it regain the smartphone throne after losing out to Apple in 2023? Check how Samsung is looking to beat Apple here.

Samsung Galaxy S24 launched! Samsung's latest flagship smartphones were launched with upgraded features at the Galaxy Unpacked event in California. It will go head-to-head with Apple's iPhone 15. Check out the specs comparison between Samsung Galaxy S24 and iPhone 15. Know how it is different from its top rival here.

The "just right" robots! As tall as a teddy bear and doped with generative AI, Moxie is capable of interacting with children telling them stories, giving math lessons and performing dance moves with two arms. Want to know more? Read here.

One more thing! We are now on WhatsApp Channels! Follow us there so you never miss any updates from the world of technology. ‎To follow the HT Tech channel on WhatsApp, click here to join now!

Follow HT Tech for the latest tech news and reviews , also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 18 Jan, 18:36 IST
NEXT ARTICLE BEGINS