Saturday, December 21

Tag: AI

Microsoft Acquires a Startup To Bolster AI Potential
21Jun By Gauri SinghNo Comments
ACQUISITION

Microsoft Acquires a Startup To Bolster AI Potential

The world’s largest PC software company Microsoft has officially announced that according to an agreement, it is soon going to acquire an artificial intelligence (AI) startup called Bonsai. Founded in 2014, the AI company Bonsai is headquartered in San Fransisco and the primary motive of Microsoft behind this acquisition is to enhance and bolster its AI and machine learning potential. Microsoft stated that Bonsai has developed technology that will let experts with AI experience work with autonomous systems. “To realize this vision of making AI more accessible and valuable for all, we have to remove the barriers to development, empowering every developer, regardless of machine learning expertise, to be an AI developer,” said Gurdeep Pall, Microsoft Corporate VP. “Bonsai has made tremend...
Read More
Google Steps Back from Continuing the Military AI Project
4Jun By Gauri SinghNo Comments
USA

Google Steps Back from Continuing the Military AI Project

The Google employees have lately discovered that the most popular multinational technology company will withdraw from a contract to assist the military in making use of Artificial Intelligence (AI) to examine drone videos, followed with a disapproval by the workers. On Friday, An executive from Google's cloud team proclaimed and told the employees that the company would not attempt or desire to renew the disputable deal after it expires next year. When the company came across the fact that the military was associated with the US Department of Defence, it thrived the feeling of rebellion inside the internet titan. An internally drawn request or petition appealing for the authority of Google to remain away from the "business of war" gathered end number of signatures, however, some work...
Read More
Agritech Startup Raises $14 Million From Gates Foundation & Others
31May By NitishNo Comments
FUNDING

Agritech Startup Raises $14 Million From Gates Foundation & Others

Bengaluru based Agritech startup Stellapps raises $14 million funding led by Bill and Melinda Gates Foundation and IndusAge Partners, among others. Stellapps Technologies have one of the largest dairy IoT platforms in India and they will use the current funding for product development and operation expansion including for monitoring the quantity and quality of milk, storage facilities, creating wearable devices for tracking cattle health and infrastructure for housing the cattle. Ultimately, the focus is on reducing costs for the farmer by ensuring there are higher milk yields and consistent health of their cattle. The company is also backed by Flipkart founder Binny Bansal and Omnivore Ventures. The Indian government currently holds 40% of the dairy space. In 2017, the comp...
Read More
AI Driven Analytics Startup Raises $145 Mn Funding
10May By Sheldan RungasamyNo Comments
FUNDING

AI Driven Analytics Startup Raises $145 Mn Funding

ThoughtSpot, an artificial intelligence driven analytics company announced that it raised $145 million in a funding round led by existing investors. Investors such as Lightspeed Ventures, Future Fund, Khosla Ventures, and General Catalyst participated in this funding round which witnessed the entry of Sapphire Ventures in the AI firm investors’ team. The funds raised will serve the purpose of upgrading its analytics capabilities, expanding in newer markets such as EMEA and APAC, improve is R&D activities in its centers based in Palo Alto, Seattle, Dallas and Bangalore. Since inception in 2012, ThoughtSpot raised a total of $306 million in funding and the company states to have poured over $10 million to operate efficiently in India. ThoughtSpot also revealed that the $203 b...
Read More
TCS Launch Business 4.0, Target $5 Billion Digital Revenue
23Apr By Lavina TolaniNo Comments
News

TCS Launch Business 4.0, Target $5 Billion Digital Revenue

Tata Consultancy Services Ltd, India's largest IT firm is betting big on 'Business 4.0' to propel its revenues from new age-technologies like automation, cloud, and the Internet of Things to over $5 billion this year. Rajesh Gopinathan, MD, and CEO at TCS reported, There are numerous components of digital technologies, there is cloud, automation, analytics, IoT. People have been looking to various technologies each of which has its own value and importance, the point, however, lies in the fact how one stitches them together helping in business growth. Business 4.0 is a thought based leadership framework that helps customers leverage digital technologies to direct their growth and transformation agendas, as told by CEO Rajesh Gopinathan. While asserting the fact that TCS is not a 'd...
Read More
American Express Acquires India’s Travel Assistant App Mezi For $150 Million
30Jan By NitishNo Comments
ACQUISITION

American Express Acquires India’s Travel Assistant App Mezi For $150 Million

American Express today said it has acquired Mezi, a personal travel assistant app that helps consumers plan and book trips. The deal size is around $125-150 million. This is the record acquisition in the history of Indian startups. Founded in 2015 by twin brothers Swapnil Shinde and Snehal Shinde, Mezi will now operate as a wholly-owned subsidiary of American Express. Mezi, which is also backed by Nexus Venture Partners, uses artificial intelligence (AI) and human expertise to personalise online travel discovery and booking experience. "Mezis AI-powered experience opens up exciting new ways for us to connect with and serve our card members and creates opportunities for us to build more meaningful relationships with them," Phil Norman, vice president of American Express Digital Lab...
Read More
AI will be Bigger Than Electricity or Fire- Sundar Pichai, Google CEO
25Jan By NitishNo Comments
Entrepreneurs Talk

AI will be Bigger Than Electricity or Fire- Sundar Pichai, Google CEO

weforum- Sundar Pichai, CEO of Google was speaking at Wef 2018 conference said that the Artificial Intelligence will save us not destroy us. “AI is probably the most important thing humanity has ever worked on. I think of it as something more profound than electricity or fire,” he said. “Any time you work with technology, you need to learn to harness the benefits while minimising the downsides.” While some thinkers notably Professor Stephen Hawking have warned that AI could wipe out mankind, Pichai was optimistic. He said that the technology could eliminate many of the constraints we now face, helping us for example to make “clean, cheap, reliable energy” a reality. Pichai, who grew up in India, spoke of the transformative power of technology. “Growing up, I did...
Read More
Amazon Open First Cashierless Shop For Public
22Jan By PriyankaNo Comments
News

Amazon Open First Cashierless Shop For Public

Online giant Amazon today opened world's first cashierless store in Seattle where hungry customers will be able to grab sandwiches and go, without having to wait in line or use a checkout. The American group unveiled the concept for its cashierless "Amazon Go" shop just over a year ago, saying the 170 square meters store would initially offer grocery products to its own employees before being opened to the public. Early testing however revealed bugs, leading to a delay. In a message yesterday on its website, Amazon said it had created "the world's most advanced shopping technology so you never have to wait in line." But if the rollout has taken some time, it's now ready to Go. People armed with the app are able to pick up items as they roam the store and place them directly in ...
Read More
Narayana Murthy Dismissed Threats From Artificial Intelligence, Call it “More Hype than Reality”
24Dec By PriyankaNo Comments
News

Narayana Murthy Dismissed Threats From Artificial Intelligence, Call it “More Hype than Reality”

Infosys co-founder NR Narayana Murthy has flayed the high wage hikes that senior managements have been apportioning to themselves when the software industry is in trying times and has advised them to make "sacrifices" to maintain common mans faith in capitalism. Conceding that times are difficult for the IT services sector, Murthy dismissed the commonly attributed threats of artificial intelligence and automation as "more hype than reality". Terming the trend of no hikes for juniors and freshers as "worrisome," Murthy rued that the senior level people have been taking handsome hikes. "I think that is not the way to make capitalism acceptable to the larger masses in a country that has huge poverty," he said, speaking at the IIT-Bombay over the weekend. "If we believe in capitalism, ...
Read More
Google Launching Artificial Intelligence Research Center In China
13Dec By reutersNo Comments
CHINA

Google Launching Artificial Intelligence Research Center In China

Alphabet Inc’s Google said on Wednesday it is opening an artificial intelligence (AI) research center in China to target the country’s local talent, even as the U.S. search firm’s products remain blocked in the country. Google said in a statement the research center is the first of its kind in Asia and will comprise a small team operating out of its existing office in Beijing. Chinese policy makers have voiced strong support for AI research and development in the country, but have imposed increasingly strict rules on foreign firms in the past year, including new censorship restrictions. Google’s search engine is banned in the Chinese market along with its app store, email and cloud storage services. China’s cyber regulators say restrictions on foreign media and internet platforms ...
Read More
This AI System Can Predict Earthquakes
28Oct By Press Trust of IndiaNo Comments
Tech

This AI System Can Predict Earthquakes

Scientists have developed an artificial intelligence (AI) system to successfully predict earthquakes, an advance that can help prepare for natural disasters and potentially save lives. The study, published in the journal Geophysical Review Letters, identified a hidden signal that led up to earthquakes and used this fingerprint to train a machine learning algorithm to predict future earthquakes. Researchers at Cambridge University in the United Kingdom and Boston University in the US studied the interactions between earthquakes, precursor quakes and faults, disturbances, hoping to develop a method for predicting earthquakes. Using a lab-based system that mimics real earthquakes, they used machine learning techniques to analyze the acoustic signals that came from the disturbance as ...
Read More