The impact of AI is being seen across industries as AI-based solutions such as natural language processing (NLP), robotic process automation (RPA), and machine learning (ML) grow more prevalent. According to Statista, the global market for artificial intelligence (AI) software is predicted to develop fast, reaching USD 126 billion by 2025. AI is becoming increasingly popular in education. According to Markets & Markets, the global market for AI in education is estimated to reach USD 3.68 billion by 2023. This is hardly surprising given the numerous uses for AI in…
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Read MoreAI21 Labs raises $64M to help it compete against OpenAI
AI21 Labs has raised $64 million in funding to compete with OpenAI and other NLP leaders. NLP (Natural Language Processing) competition is heating up. With its GPT-3 model, OpenAI is now regarded as the industry leader, although competitors are gaining traction. AI21 Labs is regarded as one of the most promising candidates by investors. “We completed this round during a period of market uncertainty, which highlights the confidence our investors have in AI21’s vision to change the way people consume and produce information,” said Ori Goshen, Co-Founder and Co-CEO of…
Read MoreMeta tells managers to identify low performers, employees fear layoffs
Meta has apparently requested company managers to identify poor performers, just weeks after the company warned of difficult times ahead. Some Meta employees are concerned about losing their jobs soon, while others are concerned about mass layoffs later. According to reports, Mahar Saba, Meta’s VP for Remote Presence, has directed managers to identify team members who “require care.” Saba has also reportedly instructed managers to “move to exit” under-performers and those “who are unable to get on track.” In the meantime, Meta rival Google is also slowing down hirings this…
Read MoreGoogle to slow down hiring for the rest of 2022
Google is slowing down hiring processes for the rest of 2022. Google will continue to support its “most significant opportunities,” according to a memo from CEO Sundar Pichai to staff published by The Verge, and will focus on hiring engineering, technical, and other vital roles. Pichai’s memo comes only weeks after Meta announced similar restrictions after failing to meet revenue expectations. Google has historically been somewhat resilient to economic uncertainty, and its subsidiary company YouTube performed well in Q4 2020 – the first year of the COVID-19 epidemic. Its ad…
Read MoreTCS launches its 5th global research and innovation centre in Toronto
Tata Consultancy Services (TCS) launched TCS Pace Port Toronto, its fifth global research and co-innovation centre. Pace Port Toronto, which spans 16,000 square feet, gives businesses access to the latest technologies and “breakthrough thinking” from TCS Research labs, start-ups, VCs, entrepreneurs, and academia – including the University of Toronto – as well as TCS’ network of Pace Ports in New York, Pittsburgh, Amsterdam, and Tokyo, according to a company statement on Wednesday. “By connecting to this collective ecosystem of innovators and intellectual property via TCS’ Co-Innovation Network (COINTM), Canadian companies…
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Read MoreGAISA focuses on the power of AI in major industries
The third edition of the Global Artificial Intelligence summit and awards to raise the curtains on the 97th and 08th of October 2022 with a comprehensive focus on the strategic and tactical benefits of artificial intelligence in various sectors such as healthcare, education, agriculture, smart cities, and transportation. Organized by the All-India Council for robotics and automation (AICRA), the GAISA summit is an annual event dedicated to addressing the innovations that happened in the field of artificial intelligence. This season, the summit will bring together international and regional decision-makers, experts,…
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