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US businesses plan to invest 67% more in GenAI in 2024: Infosys Research

by | Oct 25, 2023 | Technology



Companies are speedily ramping up investments in generative AI and realising rapid returns, according to research from Infosys Knowledge Institute (IKI), which forecast that companies will hike GenAI investments by 67 per cent in 2024.


This translates to a conservative estimate of USD 6 billion to be invested by the US and Canadian companies in the next year, the findings of the research by IKI said.


Infosys Knowledge Institute (IKI) is the research arm of Indian IT services company Infosys.


“North American businesses plan to invest 67 per cent more in Generative AI in 2024 to drive efficiency, experience and growth,” said the release citing Infosys Research.


Enterprise leaders are taking a pragmatic view of GenAI, which may mitigate the reality check the broader GenAI market will likely face in the coming year, it added.


The report found that Generative AI (GenAI) is not constrained by traditional innovation barriers, and that companies expect GenAI to deliver operational performance, not only content creation.


That said, data challenges and lack of skills are the biggest obstacles to adoption. Heavily regulated industries have been quickest to adopt GenAI, it said, adding that financial services, healthcare, and life sciences lead adoption of this new technology, bucking the stereotype of slow-moving regulated industries.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Oct 25 2023 | 8:41 PM IST



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Amazon discloses 181 mn users in EU in first store transparency report

by | Oct 25, 2023 | Technology


Amazon

Amazon has challenged its inclusion in the group, saying it was not the largest retailer in any of the EU countries in which it operates | Photo: Bloomberg


Amazon has more than 181 million users in the European Union and directly employs more than 150,000 people in the region, the company said on Wednesday, in its first store transparency report as required by the EU Digital Services Act (DSA).


In August, the Digital Services Act (DSA) imposed new rules on content moderation, user privacy and transparency for platforms and search engines labelled as very large online platforms (VLOP), which were defined as having more than 45 million users in the EU.

 


Amazon has challenged its inclusion in the group, saying it was not the largest retailer in any of the EU countries in which it operates.

 


Germany is by far the biggest market for Amazon store with more than 60 million monthly active users, followed by Italy with 38 million users, according to the report.

 


The company has corporate offices across 50 European cities and 250 logistics centres in the block.

 


In the first half of 2023, the company said it took 274 million actions on its own initiative to remove content that violates policy, or other types of non-illegal content.

 


Amazon also received 8,863 legal requests from EU governments for information about users of its service in the first half of 2023.

First Published: Oct 25 2023 | 5:37 PM IST



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Amazon discloses 181 mn users in EU in first store transparency report

by | Oct 25, 2023 | Technology


Amazon

Amazon has challenged its inclusion in the group, saying it was not the largest retailer in any of the EU countries in which it operates | Photo: Bloomberg


Amazon has more than 181 million users in the European Union and directly employs more than 150,000 people in the region, the company said on Wednesday, in its first store transparency report as required by the EU Digital Services Act (DSA).


In August, the Digital Services Act (DSA) imposed new rules on content moderation, user privacy and transparency for platforms and search engines labelled as very large online platforms (VLOP), which were defined as having more than 45 million users in the EU.

 


Amazon has challenged its inclusion in the group, saying it was not the largest retailer in any of the EU countries in which it operates.

 


Germany is by far the biggest market for Amazon store with more than 60 million monthly active users, followed by Italy with 38 million users, according to the report.

 


The company has corporate offices across 50 European cities and 250 logistics centres in the block.

 


In the first half of 2023, the company said it took 274 million actions on its own initiative to remove content that violates policy, or other types of non-illegal content.

 


Amazon also received 8,863 legal requests from EU governments for information about users of its service in the first half of 2023.

First Published: Oct 25 2023 | 5:37 PM IST



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Amazon discloses 181 mn users in EU in first store transparency report

by | Oct 25, 2023 | Technology


Amazon

Amazon has challenged its inclusion in the group, saying it was not the largest retailer in any of the EU countries in which it operates | Photo: Bloomberg


Amazon has more than 181 million users in the European Union and directly employs more than 150,000 people in the region, the company said on Wednesday, in its first store transparency report as required by the EU Digital Services Act (DSA).


In August, the Digital Services Act (DSA) imposed new rules on content moderation, user privacy and transparency for platforms and search engines labelled as very large online platforms (VLOP), which were defined as having more than 45 million users in the EU.

 


Amazon has challenged its inclusion in the group, saying it was not the largest retailer in any of the EU countries in which it operates.

 


Germany is by far the biggest market for Amazon store with more than 60 million monthly active users, followed by Italy with 38 million users, according to the report.

 


The company has corporate offices across 50 European cities and 250 logistics centres in the block.

 


In the first half of 2023, the company said it took 274 million actions on its own initiative to remove content that violates policy, or other types of non-illegal content.

 


Amazon also received 8,863 legal requests from EU governments for information about users of its service in the first half of 2023.

First Published: Oct 25 2023 | 5:37 PM IST



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HMD announces Easy Pay financing solution in partnership with DMI Finance

by | Oct 25, 2023 | Technology


Finnish smartphone maker and Nokia’s official brand licensee HMD Global on October 25 announced “Easy Pay” financing solution in partnership with India’s DMI Finance. HMD said the Easy Pay is available at over 4,000 retail stores in the country where consumers can purchase Nokia smartphones by availing financing through digital process. Though a paperless process, HMD said consumers would require Aadhaar number, PAN card number, and Bank account to get “personalised offers” on the Easy Pay.


“At HMD Global, our commitment to providing users with quality and accessible smartphones has been unwavering. HMD Easy Pay is the realization of that commitment, a ground-breaking financing program that places Nokia smartphones within reach of all. We are thrilled to be partnering with DMI Finance to bring this revolutionary solution to our customers,” said Ravi Kunwar, VP-India & APAC, HMD Global.


HMD said its Easy Pay financing solution pivots on features such as instant and paperless process, diverse consumer base including new to credit individuals, quick disbursal in two-hour timeline, no-interest equated instalment, and transparent down payment options with no hidden fees.


The HMD Easy Pay Program covers a variety of Nokia smartphone models, including the Nokia G42 8/256GB, Nokia C32, Nokia C22, and Nokia C12 Pro, offering options to suit diverse customer preferences.


HMD Global said it aims to make smartphone ownership more inclusive and accessible with the Easy pay initiative.


The Easy Pay financing solution from HMD Global covers four Nokia smartphones – Nokia G42 (8GB +256GB), Nokia C32, Nokia C22, and Nokia C12 Pro.


“In a world where affordability is a central concern in the mobile phone industry, our goal is to provide device financing solutions that cater to a wide spectrum of consumers, including those who are new to credit. Thanks to our advanced technology and the integration of the HMD Soft Lock solution in the backend, this vision is becoming a reality,” said Shivashish Chatterjee, Co-founder & Joint Managing Director, DMI Finance.



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OnePlus 12: Qualcomm Snapdragon 8 Gen 3 SoC, 2K display, and more confirmed

by | Oct 25, 2023 | Technology



At the display maker BOE’s event in China, smartphone maker OnePlus announced details related to its upcoming flagship smartphone – the OnePlus 12. The company confirmed that its upcoming premium flagship in the number series would be among the first to feature the latest Qualcomm Snapdragon 8 Gen 3 system-on-chip. Besides, the company showcased the display-related enhancements while confirming that the smartphone would feature a 2K resolution AMOLED screen.


According to news reports, the OnePlus 12 would launch in China in December, followed by a global launch in January 2024. Below are the details:


OnePlus did not go in camera and design details, but confirmed the Qualcomm Snapdragon 8 Gen 3 SoC for its next flagship smartphone. Likewise, it did not shared specifics on the display but said that the display would be powered by OPPO’s first-generation display chip – Display P1. OnePlus said the display chip would allow for a high-precision pixel-level calibration algorithm for better image quality, higher brightness, and lower power consumption. According to the company, the 2K resolution AMOLED display, called “Oriental screen”, has been rated A+ by DisplayMate.


Coming to the expected features, the OnePlus 12 is reported to feature a triple-camera set-up on the rear. It is likely to feature a 50-megapixel Sony LYTIA-808 main sensor with optical image stabilisation, paired with a 48MP ultra-wide-angle sensor, and a 64MP 3x telephoto camera. On the front, the phone is expected to sport a 32MP sensor. As for the battery, the smartphone could be powered by a 5,400mAh battery. OnePlus is expected to bundle a 100W wired charging and 50W wireless charging support.


Recently, OnePlus launched its foldable smartphone OnePlus Open in India at Rs 139,999. The foldable device measures 5.9mm at its thinnest side and weighs 239g. It is a book-shaped foldable, similar to Samsung Galaxy Z Fold 5, powered by the Qualcomm Snapdragon 8 Gen 2 system-on-chip. The OnePlus Open is offered in 16GB RAM and 512GB on-board storage configuration.

First Published: Oct 25 2023 | 3:57 PM IST



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