Indian foundational models debut; next stop AI Mission 2.0

India’s first foundational artificial intelligence models launched on Wednesday, marking a leap for the country targeting a leadership role in the transformative technology sweeping the world. Bengaluru-based Sarvam AI, backed by investors such as Peak XV and Vinod Khosla, unveiled three foundational AI models with 3-billion, 30-billion and 105-billion parameters. The company, the first to…

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Trucking stocks skid as AI worries weigh

Feb 12 (Reuters) – Shares of trucking and logistics companies sank on Thursday, the latest industry to be sideswiped by worries that quickly advancing AI technology will lead to increased competition for established firms that rely on software for their services. Logistics firms Landstar System and CH Robinson both tumbled more than 14%, while the…

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US Select Committee alleges Nvidia’s AI tech is ‘powering Chinese military’ amid CEO Jensen Huang’s bid for chip export

A group of United States lawmakers has warned that advanced Nvidia chips exported to China are allegedly being used to boost Chinese military capabilities. In a post on social media platform The 23-member bipartisan committee has written to the Department of Commerce and Commerce Secretary Howard Lutnick alleging that “there’s no such thing as ‘purely…

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