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Indian VC funds leverage AI to evaluate deals, boost workflows


Indian venture capital funds are using artificial intelligence (AI) to automate tasks traditionally handled by junior staff and analysts. This shift is dramatically accelerating workflows, compressing week-long processes into a mere day or two.

Partners at two large venture capital firms in India told ET that they are now turning to generative AI platforms such as ChatGPT’s deep research for their research on potential deals and target portfolio companies. This is a growing trend where VC firms are rapidly integrating those tools in their operations…



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by The Economic Times

IBM said Tuesday that it planned to cut thousands of workers as it shifts its focus to higher-growth businesses in artificial intelligence consulting and software. The company did not specify how many workers would be affected, but said in a statement the layoffs would “impact a low single-digit percentage of our global workforce.” The company had 270,000 employees at the end of last year. The number of workers in the United States is expected to remain flat despite some cuts, a spokesperson added in the statement. A massive supplier of technology to… Source link

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by The Economic Times

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by Techcrunch

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