Indian AI startups continue to march ahead as Racetrack raises $5 million

AI startup Racetrack raises $5 million. Barely days after Artificial Intelligence (AI) startup Antworks raised $15 mn, another AI startup has joined the fundraising list. This time it is Bengaluru based startup Racetrack, which has raised $5 million from clutch of high net-worth individuals (HNIs). However, names of these investors have not been disclosed. Racetrack uses the…

ByGirish ShettiAugust 2, 20180Comments

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Another AI startup gets funding boost, this time its Data Analytic startup Ant works

Artificial Intelligence startup Ant Works raises $15 Mn We would be overstating if we say that artificial Intelligence (AI) is currently the buzz word. Pretty much everyone is aware about the hype and noise that AI technology is making today. Carrying forward this positive vibe about AI is Ant works, an Ai startup that today raised…

ByGirish ShettiJuly 30, 20180Comments

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World’s most Valued AI Startup SenseTime raises $620 Million

World’s most Valued AI Startup SenseTime raises fresh funding. The image recognition artificial intelligence (AI) startup SenseTime Group has raised $620 Million at an astronomical valuation of $4.5 billion. The Chinese based startup, which has already earned the reputation of been the world’s most valuable AI startup, has now further moved ahead in the valuation game. SenseTime’s…

ByGirish ShettiMay 31, 20180Comments

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US Government announces Special Task Force for Artificial Intelligence

US Government to set up Special Task Force for Artificial Intelligence. The U.S. government appears to be going all out in its quest to leverage the potential of Artificial Intelligence (AI) as it searches for innovative methods to stimulate the economy. The government on Thursday announced that it will create special AI task force that will…

ByGirish ShettiMay 11, 20180Comments

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Smartphone Major Micromax backs AI based startup One Labs

Smartphone Major Micromax invests in AI based startup One Labs India’s mobile handset maker Micromax on Tuesday announced that it has invested in the artificial intelligence (AI) based startup One Labs. The handset manufacturer, however, did not divulge any financial details of the deal. The investment will help Micromax in creating an all-inclusive service ecosystem for its…

ByGirish ShettiMarch 20, 20180Comments

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Alibaba Launches First Joint AI Research Center Outside China

Alibaba launches first joint AI research center outside China. In a first, Chinese e-commerce behemoth Alibaba on Wednesday opened its first ever joint Artificial Intelligence (AI) research center outside Mainland China. The venue is Singapore, and Alibaba will be operating this artificial intelligence research institute in partnership with the local university Nanyang Technological University (NTU). Speaking on…

ByGirish ShettiFebruary 28, 20180Comments

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Electronic Giant Sony Corp Announces AI-based taxi-hailing services in Japan

Sony Corp Announces AI-based taxi-hailing services in Japan Electronic giant Sony Corporation announced on Tuesday that it will build a ride-hailing system for Japanese commuters. This ride-hailing system will be launched during this year's spring season, according to popular website Techcrunch. However, the most noteworthy thing about this ride-hailing network would be that it will be…

ByGirish ShettiFebruary 20, 20180Comments

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Facebook Announces More Investment for France AI Research Center

Facebook Announces More Investment for Paris AI Research Center. Facebook has disclosed that it plans to invest around €10 million ($12.3 million) in its artificial intelligence (AI) center located in the French Capital Paris. The move is the latest sign of social media giant’s growing confidence about France’s ability to deliver in AI technology. Facebook said that…

ByGirish ShettiJanuary 22, 20180Comments

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AI Driven HRTech Firm Startup Skillate Raises Undisclosed Amount

HRTech Firm Startup Skillate Raises Undisclosed Amount. HR Tech startup Skillate, which uses Artificial Intelligence (AI) as its core technology, has succeeded in raising undisclosed amount from two independent investors. These investors are ‘Incubate Fund India’ and Anuj Agrawal (Director of Zyoin), according to Skillate’s co-founder Anand Baranwal. Skillate is being funded and currently incubated at European…

ByGirish ShettiJanuary 22, 20180Comments

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China Plans to Build Massive Technology Park Dedicated to AI Research

China plans to build a massive AI park. China has decided to take a big leap in Artificial Intelligence (AI) technology by planning to build a massive technology park that will be solely dedicated for AI research, according to the Chinese state-owned news agency Xinhua. The Chinese government will spend whopping 13.8 billion Yuan ($2.1 billion)…

ByGirish ShettiJanuary 4, 20180Comments

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