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This diverse engineering talent pool, combined with their practical experience in AI, has made India a fertile ground for MNCs looking to leverage AI, says Sirisha Voruganti, CEO & MD of Lloyds Technology Centre in India. “AI is going to help us solve many, many problems. And most of these companies, for example in the retail and banking sector, are looking to leverage AI to understand things like customer behaviour better.”

Apple: The Japanese government plans to integrate people's tax and social security data into a single identification card to boost administrative efficiency.

Quantum Computing: Tech firms such as Microsoft, Alphabet's Google and IBM as well as nation-states across the world are racing to create machines that can take advantage of quantum mechanics and potentially be capable of making scientific calculations that would otherwise take traditional computers millions of years.

Depending on the adoption pace of technology such as generative artificial intelligence (AI), which is fueling the expansion of data centers, and the energy efficiency of new centers, the estimated annual growth rate of electricity use by the industry ranges from 3.7% to 15% through 2030, the institute's analysis said.

Meta found 'likely AI-generated' content on Facebook and Instagram, including comments praising Israel's handling of the Gaza war. The content was attributed to a Tel Aviv-based political marketing firm, STOIC.