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Innovation

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…

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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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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…

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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…

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Edtech Startups launching hybrid learning centers

Vedantu, the edtech unicorn, has opened its first hybrid learning center in Muzaffarpur, following in the footsteps of other edtech firms such as Byju’s, Unacademy, and PhysicsWallah, among others. This is happening as online education platforms shed pandemic-induced expansion and offline institutions open with limitations eased. Vedantu’s offline learning incursion is primarily aimed at bolstering its prominence in the test preparation area. “The courses will cover preparation for IIT Joint Entrance Exam (JEE) and National Eligibility cum Entrance Test (NEET), a two-year course for students of Grade 11 and a…

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How Machine Learning helped Chrome to become more secure and enjoyable?

Google has revealed how machine learning is aiding in the security and enjoyment of Chrome. To begin with, Google claims that its latest machine learning (ML) model has enabled Chrome to detect more than twice as many phishing attacks and harmful sites. In March, the new on-device machine learning model was released. Google claims that Chrome has detected 2.5x more threats since its release. Aside from security, Google is planning to apply machine learning to improve the Chrome user experience. Chrome allows users to refuse notifications from pages they aren’t…

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The growing Importance of AI in India

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…

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Government extends deadline for new VPN guidelines, new date announced

The deadline for the Indian Computer Emergency Response Team’s (CERT-In) recent ruling, which requires virtual private network (VPN) providers to register and maintain customer information, has been extended. September 25 has been designated as the new deadline by CERT-In for the application of the new rules. Prior to this, the Ministry of Electronics and Information Technology (MeitY) had mandated that VPN providers gather and keep customer data in India for at least five years. To coordinate reaction efforts and urgent actions in response to cyber security issues, the order was…

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Technoxian world robotics championship is back with its 6th edition.

Technoxian world robotics championship organized by AICRA has launched its 6th edition. The championship will be commenced from August 21, 2022, to August 23rd, 2022.    Technoxian: World robotic Championship prepares young students for a technology-driven future, and it has launched its 6th edition with a bunch of exciting robot challenges. Over thousands of students and robot, enthusiasts take participation and work together as a team in the AICRA-organized technoxian competition. This year, students will compete with each other in 10 different challenges including innovation contests, robowar, maze solver, Robo…

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