EMPOWERING INNOVATION

Browsing category

Business

Business

AI-powered app to boost smartphone batteries

A cutting-edge AI invention will be disclosed to technology titans, with the potential to increase smartphone battery life by 30% and save countless kilowatts on energy expenses. The groundbreaking work produced by the University of Essex has been included in an app called EOptomizer, which will be exhibited to specialist researchers and designers, as well as large manufacturing businesses such as Nokia and Huawei. It is hoped that the EOptomizer app would be used across the industry and help reduce carbon emissions by extending the life of consumer items. It…

Share7
Tweet
Share
Pin
7 Shares
FutureTech 0

Big tech could be forced to reveal their algorithms

A landmark case in Japan may force tech giant to reveal the inner workings of their algorithms. A Tokyo court ruled in favour of Hanryumura, the operator of a BBQ restaurant chain, in an antitrust case brought against Kakaku.com, the operator of Tabelog, Japan’s largest restaurant review platform, last month. Hanryumura claimed that Kakaku changed the way user scores were calculated, which harmed sales at its restaurants. The restaurant owner was awarded $284,000 in damages, but that’s not the most interesting aspect of the case. In an unprecedented move, the…

Share8
Tweet
Share
Pin
8 Shares
FutureTech 0

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…

Share1
Tweet
Share
Pin
1 Shares
FutureTech 0

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…

Share29
Tweet
Share
Pin
29 Shares
FutureTech 0

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…

Share1
Tweet
Share
Pin
1 Shares
FutureTech 0

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…

Share
Tweet
Share
Pin
0 Shares
FutureTech 0

IRS expands voice bot options for faster service

The Internal Revenue Service of the United States has increased its voice bot options to assist eligible taxpayers in swiftly verifying their identity in order to set up or alter a payment plan while avoiding excessive wait times. “This is part of a wider effort at the IRS to help improve the experience of taxpayers,” said IRS commissioner Chuck Rettig. “We continue to look for ways to better assist taxpayers, and that includes helping people avoid waiting on hold or having to make a second phone call to get what…

Share8
Tweet
Share
Pin
8 Shares
FutureTech 0

Why does Mark Zuckerberg warn his employees?

Meta has warned its staff that “serious times” are ahead. Meta is aggressively reducing hiring. Mark Zuckerberg, the company’s CEO, said that the company’s intentions to hire engineers have been reduced by over 30%. During a weekly employee Q&A, Zuckerberg also stated that the company is “turning up the heat” on performance management to remove employees who fail to fulfill their targets. “Realistically, there are probably a bunch of people at the company who shouldn’t be here,” Zuckerberg said. Part of my hope for raising expectations and having more aggressive…

Share4
Tweet
Share
Pin
4 Shares
FutureTech 0

Google to pay $90 mln to settle legal fight with app developers

Alphabet Inc’s Google has agreed to pay $90 million to settle a legal dispute with app developers over the money they made creating apps for Android smartphones and enticing users to make in-app purchases. In a lawsuit filed in federal court in San Francisco, the app developers accused Google of effectively closing the app ecosystem by using agreements with smartphone makers, technical barriers, and revenue sharing agreements to shunt most payments through its Google Play billing system with a default service fee of 30%. As part of the proposed settlement,…

Share
Tweet
Share
Pin
0 Shares
FutureTech 0

Global Artificial Intelligence Summit & Awards 2022 Organized by AICRA to be held on the 6th & 7th of October.

The Global Artificial Intelligence Summit and Awards (GAISA), one of the world’s most influential AI events, is set to take place on October 07th and 08th of 2022. The GAISA event, which is organized by the All India Council for Robotics and Automation, brings together some of the most sought-after experts and leaders in Artificial Intelligence. With the success of previous editions, the event has established a high reputation. The conference will cover AI advancements in various sectors such as healthcare, agriculture, education, smart cities, and transportation. Here are some…

Share6
Tweet
Share
Pin
6 Shares
FutureTech 0