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Amazon Invests $1 Billion in Warehouse Robotics

Amazon has formed the Amazon Industrial Innovation Fund (AIIF), a $1 billion venture capital fund that will be used to “spur supply chain, fulfilment, and logistics innovation,” with a particular focus on automation and workplace robotics. The initiative is in response to a changing market scenario in which people are increasingly shopping online and have high expectations for delivery times and online experiences. Amazon’s new fund seeks to create solutions that either improve these features or improve the experience of storage and logistics employees. “We see an opportunity to look…

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What is the impact of AI in future?

Worlds first AI minister stated that the United Arab Emirates is pursuing more than just economic gains in its quest to become a global leader in the field. The UAE’s minister of state for AI, Omar bin Sultan al-Olama, said “quality of life” considerations were key, and also stressed the importance of a “responsible” rollout—with impacts potentially reverberating for decades. “We are looking at AI as a tool,” he told AFP in an interview in Dubai. “It’s a tool that we need to use to unleash the quality of life…

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Why these Malaysian companies are on the road to robotics

Earlier this year, Malaysian Prime Minister, Datuk Seri Ismail Sabri Yaakob, announced that the country is working on a National Robotics Roadmap (NRR) to increase national productivity by utilising robotics technology. According to Ismail Sabri, the goal is to reduce reliance on foreign labour and reduce the flow of foreign cash. According to a Bernama report, the government’s roadmap is to increase robot usage from 55 units per 10,000 workers in 2019 to 195 units per 10,000 workers by 2030. In addition, a MyDigital Catalytic Initiatives Task Force will be…

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The most important AI conferences in 2022

It can be quite challenging to keep an overview of the multitude of different AI Expert gatherings across the globe, which can range from tiny meetups to national/ international conferences with thousands of attendees. Therefore, we have curated the list of most important AI conferences/summits below. Global Artificial Intelligence Summit and Awards 2022 14-15 September 2022 Location : New Delhi Website: https://gaisa.in/ GAISA being one of the largest artificial intelligence event brings together the latest AI innovations in all major industries such as Healthcare, Education, agriculture, smartcity and transportation. Attendees will be…

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Hawking Defence Services signs MoU with Australian UAV Technologies

Hawking Defence Services, an unmanned systems startup based in New South Wales, Australia, announced on Tuesday that it has signed a memorandum of understanding with Australian UAV Technologies, a UAV and electronics company based in Sydney, Australia, to form a joint venture company that will enable technology transfer, joint research and development, and licensed manufacturing of unmanned systems between the two companies. “This MOU is the first step in establishing a strong and reliable unmanned systems solution provider and manufacturer for global requirements,” the company said in a statement. The…

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More than 250 unicorn startups in india by 2025

India is predicted to produce more than 250 unicorns, or privately held firms valued at $1 billion or more, by 2025 according to a recent report by investment firm Iron Pillar. This follows a record-breaking 43 Indian firms joining the unicorn club in 2021, a watershed year for the home ecosystem. Iron Pillar has invested in firms such as Uniphore, a software startup, FreshToHome, a meat delivery startup, and Eatfit, a cloud kitchen player, among others, in India. The aggregate worth of Indian unicorns in 2022, according to the Iron…

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Top 5 STEM Skills required in 2022

We see “STEM” everywhere these days: in schools, as a priority for curriculum, in job reports projecting a 13% increase in jobs by 2027, in the news—the list goes on. Knowing what it stands for allows us to highlight the areas of competence that are so important in today’s world. In a nutshell, today’s science, technology, engineering, and math skills are in high demand, and estimates show that the supply of talent to meet that need is simply insufficient. Let’s checkout the top 5 STEM skills necessarily required to stay…

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HOW AI IS TRANSFORMING THE WORLD

Even in todays world, most people are not very familiar with the concept of artificial intelligence (AI). As an illustration, when 1,500 senior business leaders in the United States were asked about AI, only 17 percent said they were familiar with it.1 A number of them were not sure what it was or how it would affect their particular companies. They understood there was considerable potential for altering business processes, but were not clear how AI could be deployed within their own organizations. Despite its lack of general familiarity, artificial intelligence…

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What SenseTime offered at World AI cannes festival?

SenseTime, a Hong Kong-based AI company, gave a keynote titled “AI for a better tomorrow” at this year’s World AI Cannes Festival(WAICF). The keynote was given by George Huang, President of SenseTime’s International Business Group, who demonstrated how the company is using AI technology in fields such as mixed reality, mobility, city management, and healthcare. “There has been massive market demand for AI computing services, as the digitalisation of cities and enterprises expand, along with the accelerated development of the metaverse and autonomous driving,” said Huang. “We are committed to…

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Cybersecurity startup Securden raises $10.5 million

Securden Inc., a security startup based in the United States, raised $10.5 million in a Series A round headed by Tiger Global. Together Fund and Securden’s existing investor, Accel, also participated in the funding round. According to the startup, the funds will be used to scale research and development, as well as sales and marketing operations. The company also intends to extend its product offering and expand its team across all streams globally. Securden is an IT security startup based in Chennai, founded by Bala Venkatramani and Kumaran Balan. It…

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