Artificial intelligence is no longer a niche technology in India according to a new Bain & Company report with 80 percent of enterprises polled using at least one AI model. From Buzz to Reality: The Accelerating Pace of AI in India, a report based on a survey of nearly 150 providers and 350 enterprises, will be released on Tuesday. This was achieved in partnership with Microsoft and the Internet and Mobile Association of India (IAMAI). Technology solution providers are driving AI adoption in India, with 64 percent incorporating AI/ML into many…
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How AI learned to play Minecraft game?
Open AI has trained a neural network to play the game of Minecraft by using a small amount of labeled contractor data along with a sizable unlabeled video dataset of human Minecraft play. The AI research and deployment company is confident that its model can learn to make diamond tools, a task that typically requires skilled humans over 20 minutes, with a little bit of fine-tuning (24,000 actions). Its model, which is quite general and takes a step toward general computer-using agents, uses the native human interface of keypresses and…
Read MoreTesla lays off 200 employees who helped train company’s
In a fresh round of layoffs, Tesla has parted ways with 200 more employees who were working on the company’s Autopilot driver-assistant system. Additionally, Tesla has shut down its San Mateo, California, office. One of the suspected causes of the recent layoffs is cost-cutting. Elon Musk, CEO of Tesla, recently disclosed that the business will lay off up to 10% of its workers in the upcoming three months. One of the employees from the group of workers who were laid off reportedly told the news organization about the layoff. He said…
Read MoreByju’s lays off over 2500 employees across Whitehat Jr and Toppr
The ed-tech company in India is experiencing its most successful era to date. Byju’s, the biggest and most successful ed-tech startup in India after Unacademy and Vedantu, is having trouble surviving. Shah Rukh Khan serves as the brand ambassador for the ed-tech business, which has cut off over 2500 workers from sibling companies including Whitehat Jr. and Toppr. During the covid-induced lockout, WhiteHat Jr dominated the spotlight to make coding approachable to children. The Byju Ravendrann-led company, according to MoneyControl, has let go of full-time and contract workers from Toppr,…
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Read MoreMerchant commerce platform Pine Labs makes its third acquisition; buys API Infra startup Setu
The API infrastructure company Setu from Bengaluru has been purchased by Noida-based merchant commerce platform Pine Labs for an undisclosed sum. The sale is reportedly worth anywhere between $70-75 million, according to multiple media sources. As part of the agreement, Setu will continue to run as a separate business and continue to support its current merchants. Pine Labs will be able to access Setu’s API infrastructure stack and enter integrated finance as a result of the agreement, extending fresh offerings for its online merchant partners. “Setu will make an incredible…
Read MorePinterest has a new CEO
Ben Silbermann is stepping down as Pinterest’s CEO, the company announced on Tuesday. He’ll be replaced by Bill Ready, who has spent the last couple of years as head of Commerce, Payments & Next Billion Users at Google. Silbermann isn’t leaving the company, though: he’ll be Pinterest’s executive chairman, following in the path of a number of tech CEOs who have recently gone from the daily trenches of running their company to a relatively more relaxed seat in the boardroom. “Bill’s actually going to be a better CEO than I…
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