AI | Pixr8 News

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...

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...

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...

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 ...

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, ...

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 ...

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 ...

This AI Software Can Detect When You Text While Driving

8Sep By Press Trust of IndiaNo Comments

Tech

This AI Software Can Detect When You Text While Driving

Scientists have developed a new artificial intelligence (AI) system that can accurately detect and alert drivers when they are texting or engaged in other distracting activities, and possibly help avoid accidents. (more…)

New AI System Can Create 3D Models From Photos

27Jul By Press Trust of IndiaNo Comments

News, Tech

New AI System Can Create 3D Models From Photos

Scientists, including one of Indian origin, have developed a new artificial intelligence software that can create 3D models from two dimensional photographs, an advance that could allow future robots to navigate in the real world. (more…)

30Jun By PriyankaNo Comments

FUNDING

In-Video Discovery Pioneer Tagos Announces $5 Million in Series A Funding

Tagos, the leader in AI-driven In-Video discovery today announced a USD 5 million Series A funding with participation from a leading venture capital fund and two large global corporations. The company will use the capital to build upon its early success and market traction. Through this expansion, Tagos expects to demonstrate growth, product innovation, enhance its user community and expand its team. Tagos’ pioneering In-Video platform, Charmboard makes video become a two-way experience, by making it respond to touch. Every touch is bookmarked, deeply categorized and persists outside the video and creates new value for content owners, publishers and viewers. “We have been one of earliest practitioners of computer vision and machine learning at Tagos and between our revolutionary pro...

28Jun By AnkitaNo Comments

FUNDING

Niki.ai Raises $2 Million Funding From SAP.iO & Ronnie Screwvala Ventures

Ratan Tata-backed Niki.Ai today said it has raised USD 2 million (about Rs 13 crore) in funding from San Francisco-based fund SAP.iO. The series A round also saw participation from existing investor Ronnie Screwvala's Unilazer Ventures, Niki.ai said in a statement. The artificial intelligence startup has also received funding from Haresh Chawla (Partner at True North) and Arihant Patni, along with some US and German investors in this round. "Niki.ai has been focused on building the product for the past 2 years. We believe we have the capability to disrupt the AI and bot space," Niki.ai CEO Sachin Jaiswal said. He added that the new capital will be used in further strengthening machine learning capabilities, building voice and multilingual functionalities and expanding distribution ...

28Jun By AdityaNo Comments

FUNDING

Your.MD Closes Funding Round for $10 Million Led by Orkla Ventures

London based Your.MD, the world's smartest AI health information service, has completed its latest round of funding, having raised $10 million led by Orkla Ventures and with participation from Smedvig Capital AS and other existing shareholders. Orkla is a leading supplier of branded consumer goods to the health, pharmacy, grocery, confectionary, specialised retail and bakery sectors in the Nordics, Baltics and selected markets in Central Europe. The investment will be used to support the growth of Your.MD's health information platform and to consolidate its position at the forefront of Artificial Intelligence (AI) development in the digital health sector. The agreement will also enable expansion of its revolutionary OneStop Health™ platform - a global, AI-powered marketplace of trust...