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As governments construct policies governing artificial intelligence (AI), advancements in the area proceed rapidly. The RBI recommended a new method of carrying out UPI transactions on Thursday: through dialogues with artificial intelligence. The UK, on the other hand, engaged a tech specialist for the generative artificial Intelligence meeting.
Britain employs a technology specialist to lead an AI meeting
With escalating discussions regarding the regulation of artificial intelligence and its benefits and drawbacks, Britain has engaged a tech expert and a diplomat to lead its AI conference on Thursday. According to Reuters, Matt Clifford, CEO of Entrepreneur First, and veteran diplomat Jonathan Black will chair Britain's AI conference in the autumn. ? Can you think of this as a genuine summit - where there will be tough talks - to attempt to agree on a shared understanding of the dangers and as a platform for working together on minimising them? Clifford said.
Chinese semiconductor manufacturers invest in legacy chip production technology
While the artificial intelligence sector grows, Chinese chipmakers have purchased outdated manufacturing technology while the US tightens export restrictions. According to Bloomberg, Tokyo Electron Ltd is increasing its investment in China. Although the increase in demand for AI training chips has yet to prove profitable for chip producers, Hiroshi Kawamoto, head of Tokyo Electron's finance business, believes it will begin adding to their yearly earnings next year.
You may now make UPI payments using AI dialogue
UPI payments through AI chat may soon become a reality, as the Reserve Bank of India recommended this service on Thursday. Conversational payments will allow users to make UPI payments by conversing with an AI-powered system. Incorporating conversational amounts into UPI will enable consumers to connect with AI systems for payment execution.
CIE IIIT Hyderabad presents generative AI summit
On 9 August, the International Institute of Information Technology Hyderabad (IIIT)'s Centre for Innovation and Entrepreneurship (CIE) hosted a high-tech conference with THub and Nasscom DTC on generative AI. According to the announcement, the event saw 20 handpicked companies present their productive AI solutions. At the same time, ten tech executives from Goldman Sachs, Wells Fargo, and others argued the benefits of this technology in the corporate tech industry.
Lookout has introduced a generative AI assistant to help with cybersecurity operations
On Thursday, cloud security startup Lookout announced the release of its generative AI assistant geared to battle cyber attacks. According to the announcement, Lookout SAIL focuses on security education, platform navigation, and security telemetry analysis. This next-generation AI assistant is a beneficial companion, providing users with insights and support, easing duties like administration, policy writing, incident response, and threat hunting. Lookout believes that this technology can assist businesses in harnessing the potential of artificial intelligence to battle changing cyber threats.