Artificial intelligence
AI platforms for healthcare industry to reach $4.3 bn in 2024: Report
This is owing to the added integration of digital health tools and technologies such as AI and Machine Learning (ML) into the healthcare industry due to the impact of the Covid-19 pandemic, said the report by GlobalData, a data and analytics company. Various healthcare companies are already implementing high-tech solutions into existing healthcare systems.
We're building AI for governance, commercial use, deep capabilities: Rajeev Chandrasekhar
Reiterating that artificial intelligence (AI) is a "kinetic enabler" of the digital economy, Chandrasekhar said that India is building AI in a way that is beyond ChatGPT which has made conversations via AI a fashionable thing for the masses. "We aim to build commercially deployable AI platforms and solutions, developed by a vibrant startup ecosystem in the country which is our primary goal," the minister said during a dialogue at the Vigyan Bhawan here.
AI-driven market research platform Entropik raises $25 mn
Entropik said it has grown seven times in the last two years, riding on its patented Emotion AI Technologies and driven by its expansion into the US, Europe, Southeast Asia, and the Middle East. Over 150 global brands across finance, media, consumer goods, food and beverage, and entertainment leverage Entropik's consumer research stack to make better consumer-centric decisions faster.
Freshworks joins Meta to help firms boost conversational customer experiences
The Meta Business Messaging integrations with Freshworks' CX and CRM products make customer and prospect engagement easy for support, sales and marketing teams. With Freshworks AI-powered bots, businesses can tailor and automate messaging journeys for each channel, configure workflows across multiple channels or languages, and efficiently train bots with NLP learning capabilities, the company said in a statement.
Industry hails Union Budget initiatives on 5G, AI
"With the ongoing 5G rollouts in India, the government's decision to establish 100 5G application Labs is a timely move to spur innovation in developing the 5G ecosystem and India relevant use cases," said Manoranjan Mohapatra, CEO, Comviva. There is a great opportunity to combine 5G and AI to improve network speed, responsiveness, and efficiencies, he added.
Budget wishlist: Skilled workforce, clean energy, geo-spatial mapping
More so as the world is staring at a recession, there's a war going on for almost a year now between Russia and Ukraine, and the post pandemic world is seeing a reset in geopolitical equations with more inward looking policies. Given the specialised nature of jobs now and greater use of technology tools including Artificial Intelligence (AI), Machine Learning (ML) across industries, it is important to have a highly skilled workforce.
Google buys AI avatar startup 'Alter' for $100 mn
According to TechCrunch, Google buys the startup for about $100 million in an effort to improve its content game and compete with TikTok. The acquisition was completed about two months ago, but neither company made a public announcement. Some of the top executives of Alter have updated their LinkedIn profiles to reveal that they have joined Google without acknowledging the acquisition, according to the report.
Adani Defence and Aerospace, Israel Weapon Industries unveil India's first AI-based futuristic firing System
But now with advances in artificial intelligence (AI), arms control is a challenging but very promising application. India is prioritising AI as a key component of its national security strategy given US & China's significant advancements in AI-based research. India is well promoting its AI-based innovation and building infrastructure that is AI-ready in order to secure its strategic and national security interests.
Kakao's co-CEO resigns over massive service disruption
"As a CEO of Kakao, I feel miserable and strongly responsible for the incident. So I am stepping down from the post," Kakao's co-CEO Namkoong Whon said at a press conference at Kakao's office building in Pangyo, just south of Seoul. "I would like to give an apology to all users," he said. "I promise Kakao will do its best to restore public confidence.
Global artificial intelligence market to reach $450 bn in 2022
In 2021, the global revenues for the AI market, including software, hardware, and services for both AI centric and AI non-centric applications, reached $383.3 billion, an increase of 20.7 per cent over the prior year, according to the International Data Corporation (IDC).
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