Friday, July 19

Tag: ML

PayPal To Employ 600 Techies In AI and ML Domain Soon
BUSINESS

PayPal To Employ 600 Techies In AI and ML Domain Soon

The American online payment company Paypal is considering India as a market for increasing growth and therefore, is planning to appoint over 600 techies by the end of this year that is by December, in the machine learning (ML) and artificial intelligence (AI) sector. Paypal is one of the largest online payment services till date that supports online money transfers and serves as an electronic alternative to traditional paper methods like cheques and money orders. "We plan to increase the headcount by 600 in 2018. Some of the job roles that PayPal intends to hire for include application developers- Java, Node JS; back-end developers- data engineers, data experts and product managers," Guru Bhat, GM Technology & Head of Engineering, PayPal said. "For PayPal, the India centres are key...
Machine Learning Will Not Replace People In All Jobs: Study
ANALYSIS

Machine Learning Will Not Replace People In All Jobs: Study

Machine learning computer systems, which get better with experience, can outperform people in a number of tasks, though they are unlikely to replace people in all jobs, a study has found. Researchers from Carnegie Mellon University and Massachusetts Institute of Technology (MIT) in the US found 21 criteria to evaluate whether a task or a job is amenable to machine learning (ML). "Although the economic effects of ML are relatively limited today, and we are not facing the imminent end of work as is sometimes proclaimed, the implications for the economy and the workforce going forward are profound," researchers said. The skills people choose to develop and the investments businesses make will determine who thrives and who falters once ML is ingrained in everyday life, they argue. ...