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All the eyes on Technoxian: Robotic Championship

New Delhi, 21st July 2022: The All-India Council for Robotics & Automation launches the 6th edition of its world robotic championship series “technoxian” which prepares young people for the future. The technoxian is an annual competition that helps young people discover the rewards and excitement of education and careers in science, engineering, and technology. The tournament challenges students to design and build a robot and compete in high-intensity challenges that reward the effectiveness of each robot, the power of team strategy and collaboration, and the determination of students. The 6th…

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Industrial AI enterprise Detect Technologies raises $28M in funding

Detect Technologies, an AI-based SaaS startup, has raised US$28 million in a primary and secondary funding round led by Prosus Ventures, with participation from existing investors Accel and Elevation Capital. Other existing investors in the round included Shell Ventures, Bharat Innovation Fund, and Bluehill Capital. The startup was founded in 2013 by Daniel Raj David, Harikrishnan A.S., Tarun Mishra, and Karthik Rajasekaran. Detect Technologies is a cloud-based AI-powered enterprise tech SaaS startup that provides intelligence to industries for mitigating high-consequence risks. The platform has built a large library of AI…

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What are the AI trends in business?

AI will be used to simplify and improve operations in 2022 and the years that follow. Businesses should aim to gain from the commercial application of AI by strengthening their IT infrastructure and data management. However, not every deployed AI model may be beneficial to businesses and suited for performance monitoring. We’ll concentrate on AI trends that are likely to become widespread 2022. AI for Security & Surveillance Face recognition, speech recognition, and video analysis have already used AI approaches. These strategies are the most effective combination for surveillance and…

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How artificial intelligence impacts of EdTech

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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AI21 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…

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Google 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…

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TCS 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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GAISA 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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Top 5 innovative AI startups

In the international AI race, India has been one of the most dominant countries. The Indian government is providing millions of dollars in funding to AI start-ups. These AI start-ups in India are focused on developing new products and services to boost productivity and income in the domestic market. Let’s look at the top five innovative Indian AI start-ups. Avaamo Avaamo, a conversational AI platform, is one of the most innovative Indian AI start-ups in 2022. With Voice demo—patient scheduling, it provides immediate and personalised assistance to patients in the healthcare,…

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Zoom receives backlash for emotion-detecting AI

Zoom has caused a stir following reports that it is working on an AI system for detecting emotions. Protocol first reported on the system, which claims to scan users’ faces and speech to determine their emotions. Zoom went into greater detail about the system in a blog post last month. According to the company, ‘Zoom IQ’ will be especially useful for assisting salespeople in improving their pitches based on the emotions of call participants. Naturally, the system is viewed as dystopian and has received considerable criticism. over 25 rights groups…

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