Page 8 - Aritificial Intelligence News Today : Breaking News, Live Updates & Top Stories | Vimarsana

6 hours ago ICICI Bank is adopting Aritificial Intelligence (AI) and Machine Learning (ML) in a big way. Over the last year, these technologies have reduced internal costs for the bank and helped significantly drive its deposit and lending growth, the banks management said during an earnings call with analysts. The bank reported a net profit of Rs 4,402 crore in the fourth quarter of FY21, around 260.5% higher compared to the same period in the previous year, according to its financial results. The costs and benefits of AI and ML Several of the leading banks are turning to technology, to targ...

Informationweek Next-gen cloud innovations may empower more users to establish a new balance of creation and consumption. In his keynote address at the Microsoft Ignite virtual conference on Tuesday, Microsoft CEO Satya Nadella outlined some of the innovations he believes the changing world needs -- from the cloud to making technology more accessible to more communities. “We will need to foundationally transform how cloud can drive the next level of broad economic growth that everyone can participate in,” he said. Image: Sundry Photography - stock.Adobe.com Nadella laid out five key attri...

Arvind Krishnan, Chairman and CEO IBM, reiterated that India continues to be a key region as he announced a $1 billion investment into its partner eco-system to push adoption of hybrid cloud and artificial intelligence (AI). “IBM India is a microcosm of the IBM Corporation. With a robust ecosystem of Global System integrators (GSI’s), Independent Software Vendors (ISVs), start-ups and largest developer base –India has a significant advantage and IBM India will continue to be at the forefront, driving innovation that is made in India, for India and the world,” said Krishnan in a medi...