Baidu and Xiaomi Announce Partnership for Exploring AI and IOT Opportunities

Baidu and Xiaomi announce strategic partnership. Two of China’s big tech companies have decided to join hands to explore exciting opportunities in the Internet of Things (IOT) and artificial intelligence (AI). These two companies are Baidu and Xiaomi, which are recognized as powerhouses in their respective fields. While the former is a search giant with a…

ByGirish ShettiNovember 28, 20170Comments

Utility focussed

AI Startup Petuum Secures $93 million from SoftBank & Other Investors

AI Startup Petuum grabs $93 million funding. Pittsburgh based startup Petuum, which aims to offer companies with tools they need to deploy artificial intelligence (AI) solutions, announced today that it has raked up whopping $93 million from investment giant SoftBank. Advantech Capital and other investors also participated in what was series B round for Petuum. The company’s…

ByGirish ShettiOctober 10, 20170Comments

News

Flipkart to rely on Microsoft’s Artificial Intelligence Solution for Future Sales

Flipkart to deploy Microsoft’s Artificial Intelligence Solutions. Bengaluru based e-commerce major Flipkart has said that it will be collaborating with Microsoft to install artificial intelligence and machine learning-based solutions for all the future sales. The collaboration with technical giant will expectedly help Flipkart in overcoming technical glitches that usually occurs during heavy traffic on its website. Flipkart,…

ByGirish ShettiSeptember 26, 20170Comments

News

Mitsubishi Eyeing Minority Stake in Warehouse Robotic Startup GreyOrange: Report

Mitsubishi eyes stake in GreyOrange. One of Japan’s largest conglomerates – Mitsubishi – is planning to pick up a minority stake in warehouse robotic startup GreyOrange, according to two sources familiar with the development. Sources further claimed that the existing investor Tiger Global may also participate in this round and the investment is being clocked just…

ByGirish ShettiSeptember 18, 20170Comments

News

As Amazon Embraces More Robots, Workers Take New Roles

Amazon openly embraces AI robots. While today almost all renowned companies have embraced Artificial intelligence (AI) enabled robots for productivity purposes, but the one company that has been at the forefront of this crusade is Amazon. The Seattle based e-commerce giant has lapped up the robotic revolution like no other company has done and this apparently…

ByGirish ShettiSeptember 11, 20170Comments

News

Artificial Intelligence is not stealing human jobs, Finds out Capgemini survey

AI is not whisking away jobs. The fear that Artificial Intelligence (AI) is stealing precious human jobs is sheer rubbish. This startling revelation has come forth through a recent global survey conducted by the IT consulting giant Capgemini. This Capgemini survey may actually end up busting some serious myths about AI’s negative impact on job sector,…

ByGirish ShettiSeptember 8, 20170Comments

Utility focussed

IBM in Collaboration with MIT will Invest $240 million in New AI Lab

IBM to invest $240 million in a new AI lab. IBM and MIT university will be collaborating together to conduct a comprehensive research on Artificial Intelligence (AI) at a new state-of-the art lab. This new lab will be called The MIT-IBM Watson AI Lab, and IBM will be investing nearly $240 million in this new lab…

ByGirish ShettiSeptember 7, 20170Comments

Featured Startups

Element AI – A Deep-learning incubator founded by AI Pioneer Yoshua Bengio

Element AI is a Canadian start-up based in Montreal that aims to help organizations develop from AI research and deep learning. Yoshua Bengio, one of the pioneers in deep learning is the founder of this start-up incubator that will assist organizations progress towards an AI-First world for today and tomorrow. The company launches and incubates advanced…

ByPrashant SharmaNovember 3, 20160Comments

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