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…
Read MoreTCS 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…
Read MoreGAISA 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,…
Read MoreTop 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,…
Read MoreZoom 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…
Read MoreMeta’s new AI model to improve translation quality
Meta has unveiled NLLB-200, a new AI model that can translate 200 languages and improves quality by 44 percent on average. For a long time, translation apps have been fairly adept at the most common languages. Even if they do not provide an exact translation, it is usually close enough for the native speaker to understand. However, hundreds of millions of people in multilingual regions such as Africa and Asia continue to be underserved by translation services. In a press release, Meta wrote: “To help people connect better today and…
Read MoreGoogle Bans Several Malicious India-linked Domains
More than a dozen malicious India-linked domains and websites that were being used in hack-for-hire attacks targeting users worldwide have now been banned by Google’s Threat Analysis Group (TAG). To alert users to the threat, the company recently published a blog post in which they listed the banned domain links that were used to inject spying tools into users’ PCs/laptops by masquerading as fake login pages for websites or apps. The blog post read, “As part of TAG’s mission to counter serious threats to Google and our users, we’ve published…
Read MoreUST announces ‘strategic investment’ in Israeli health-tech start-up
UST, a leading provider of digital transformation solutions, has announced a strategic investment in Well-Beat, an Israeli start-up focused on patient-centered behavioral artificial intelligence (AI). This will hasten UST’s adoption of emerging tech solutions in healthcare and the transformation of lives through the power of technology, according to a company spokesperson. UST and Well-Beat collaborated to develop a digital patient engagement Software as a Service (SaaS) solution that dynamically adapts to each patient over time, provides personalized conversational guidelines to clinicians, provides customized prompts shaped by the patient profile, and…
Read MoreVodafone and Google launch AI Booster platform
Vodafone and Google launched a new AI Booster platform that aims to handle thousands of ML models per day across 18+ countries. AI Booster is the result of 18 months of development and is based on Google’s Vertex AI platform, as well as Vodafone’s Neuron platform. When Vodafone began working on AI Booster, Vertex AI, among other Google technologies, had not yet been officially announced. Cornelia Schaurecker, Vodafone’s Global Group Director for Big Data & AI, stated: “To maximise business value at pace and scale, our vision was to enable fast…
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