| |DECEMBER 20249TECH MINTAccording to reports, Microsoft CEO Satya Nadella tells customers at a conference in Chicago that the company is teaching a new set of artificial intelligence tools how to act on our behalf across our work and life.AI developers are marketing the next generation of generative AI chatbots as AI `agents' capable of performing more beneficial tasks on behalf of humans. However, the hefty expense of developing and maintaining AI technologies is making many investors wonder if the hype surrounding the technology is unfounded.According to reports by Microsoft, every organization will have a constellation of agents - ranging from simple prompt-and-response to fully autonomous.Microsoft explained that these self-governing agents "can operate around the clock to review and approve customer returns or go over shipping invoices to help businesses avoid costly supply-chain errors."Microsoft serves its large business clients with its yearly Ignite conference. The shift to "agentic AI" coincides with some users' perceptions of the limitations of the massive language models used by chatbots such as Microsoft's Copilot, Google's Gemini, and OpenAI's ChatGPT. These algorithms do well on some writing-based tasks by guessing the most likely word to appear next in a phrase.However, to browse the web or control computers and carry out tasks independently on behalf of a user, tech companies have been attempting to develop AI tools that are more adept at longer-range planning and reasoning.Marc Benioff, Salesforce's CEO, has blasted Microsoft's change in direction. Salesforce also offers a service called Agentforce, which employs AI for marketing, sales, and other tasks."Microsoft is rebranding Copilot as agents. That's panic mode. Copilot, Microsoft's premier AI assistant, is `a flop' that leaks company data and is erroneous." says Marc. Electric two-wheeler maker headquartered in Hyderabad, PURE EV is joining forces with Arva Electric, a manufacturing subsidiary of Clarion Investment LLC, to step up its market share in the Middle East and Africa.To strengthen its position in developing markets, PURE EV stated that it will provide Arva Electric with a first batch of 50,000 units of its flagship models, the ecoDryft and eTryst X, over the course of the following two years.Along the way, the company plans to take this up to 60,000 units yearly."This partnership not only aims to enhance sales but also to foster sustainable mobility solutions in regions where electric two-wheelers are rapidly gaining traction, marking a significant step towards expanding our footprint in Middle East and African markets."By leveraging our strengths and capabilities together with Arva Electric, we are poised to make a significant impact on the electric vehicle landscape globally," said Nishanth Dongari, Founder and Managing Director of PURE EV.The EV manufacturer predicts that the UAE electric two-wheeler market will grow at a compound annual growth rate (CAGR) of 9.11 percent from 2024 to 2031, from $29.97 million in 2023 to $60.19 million in 2031.This growth will be fueled by the ease of access to electric motorcycles, rising gasoline product prices, and vehicles' increased efficiency when compared to conventional vehicles.Additionally, PURE EV stated that it will uphold all motorcycle-related intellectual property rights in order to safeguard unique technology as it increases its market share.The company claimed that its products are the only Indian electric motorcycles that have been approved in the Middle East.It further stated that, in addition to selling motorcycles, it will work with Arva Electric as a strategic technology partner, offering knowledge and assistance all through the distribution process. MICROSOFT LAUNCHES A NEW SET OF ARTIFICIAL INTELLIGENCE TOOLSPURE EV JOINS FORCES WITH ARVA ELECTRIC TO STEP UP ITS MARKET SHARE IN MIDDLE EAST, AFRICA
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