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How AI is being used in businesses?

The term “artificial intelligence” conjures up images of sci-fi thrillers for an average user. While the stigma associated with dystopian cinema has yet to fade, AI is most commonly used in the business world. Brands we see on a regular basis are investing in AI projects to help them become more efficient and productive. Companies such as Google, IBM, Salesforce, Facebook, and many others are incorporating AI into their daily operations, and many more are seeing the enormous potential of machine learning and AI technology. Artificial Intelligence and Business Today…

Breaking AIs to make them better

Today’s artificial intelligence systems for image recognition are incredibly powerful, with enormous commercial potential. Nonetheless, current artificial neural networks (the deep learning algorithms that power image recognition) have a major flaw: they are easily broken by images that have been slightly modified. This lack of ‘robustness’ is a significant barrier for researchers attempting to develop better AIs. However, the exact cause of this phenomenon, as well as the underlying mechanisms, are largely unknown. Researchers at Kyushu University‘s Faculty of Information Science and Electrical Engineering published in PLOS ONE a method…

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5G Rollout Brings New Problem

As the government prepares for 5G rollout, telecom sector stakeholders warned the public on Monday against fraud related to the placement of mobile towers on their homes. According to the Cellular Operators Association of India (COAI) and the Digital Infrastructure Providers’ Association (DIPA), people should be cautious of certain companies, agencies, or individuals who approach them fraudulently and ask them to deposit money in their personal or company accounts in the name of government tax for leasing their premises for mobile tower installation. According to them, the same individuals are…

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AI adoption to add $500 billion to India’s GDP by 2025

An integrated adoption of artificial intelligence (AI) and data utilization strategy can add $500 billion to India’s GDP by 2025, suggests a report by the National Association of Software and Services Companies (NASSCOM) The IT industry association launched the ‘AI Adoption Index‘ for India, which assesses AI adoption trends in four important sectors: banking and finance, consumer products and retail, healthcare, and industrial and automotive. These industries might account for roughly 60% of AI’s potential value addition of $450-500 billion to the country’s GDP by 2025. “AI’s ability to transition…

Iron Pillar to raise $400 million to empower Indian tech startups

Iron Pillar, a leading investment company that supports Indian digital entrepreneurs, is reportedly raising around $400 million to assist enhance the country’s startup ecosystem, according to media reports on Monday. Iron Pillar provides growth finance to Indian entrepreneurs looking to expand globally. According to insiders, the VC firm is in advanced talks with limited partners (LPs) to raise approximately $400 million in its second fund. FreshToHome, Uniphore, Curefoods, and other firms are among those in the VC firm’s portfolio. According to a recent Iron Pillar assessment, India is on track…

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