Mobile wallet FreeCharge announced its partnership with ICICI Merchant Services that enable will enable its users to pay from their FreeCharge wallet account at over 1 lakh ICICI Merchant Services merchants across 700 cities and towns in India. "The partnership will help us expand our footprint and enable merchants and consumers from Tier I & II cities to be part of the digital payments ecosystems," Govind Rajan, Chief Executive Officer, FreeCharge said in a statement. Customers can use their mobile phones to make payments and complete the transaction with a secure On-The-Go-Pin in less than 10 seconds, the statement said. "We believe the next generation of breakthroughs in technology and business will be driven by the AI startup community. Young India's aspirations, ideas and potential are global in scale, and we are excited to amplify the imagination and intelligence of the country's brightest minds through the Inception Program," Vishal Dhupar, Managing Director - South Asia, NVIDIA said in a statement.
San Francisco: Jensen Huang, co-founder, president and chief executive officer of Santa Clara-based Nvidia Corp., says that the rapid adoption of artificial intelligence (AI) technologies such as machine learning, deep learning, natural language processing and computer vision augur well for the growth prospects of his company. His confidence stems from the fact that Nvidia designs the chips that can deliver the extra computing power that clients need in an algorithm-driven world, which is increasingly using these AI technologies to make business sense of the voluminous data that users generate and thus gain a competitive edge. These chips, called graphics processing units (GPUs), helped Nvidia fuel the growth of the personal computer gaming market almost two decades back. Huang hopes the increasing use of GPUs for AI will help his company repeat the success. Huang argues that even when you increase the number of central processing unit transistors in a computer, they result in a small increase in application performance, whereas GPUs, which are specifically designed to handle multiple tasks simultaneously, make them more suitable for high-performance computing tasks.
By happy circumstance, Santa Clara-based chip maker NVIDIA finds itself in the position of being an artificial intelligence (AI) startup king maker. The company designs and manufactures the entire computing platform for deep learning, the fastest growing field in AI, building everything from graphics processing units (GPUs) to software to systems purpose-built for deep learning. As the name might suggest, GPUs were developed to improve the computer graphics experience by offloading certain computationally intense image processing tasks from the standard central processing unit (CPU). The particular strength of a GPU is performing large numbers of parallel floating point calculations. This helps computer screens to increase in detail and complexity without sacrificing system performance, and modern gaming would not be possible without it.
StradVision has joined NVIDIA Inception, a virtual accelerator program designed to nurture companies that are revolutionizing industries with advancements in AI and data sciences. Distinguishing itself as a collaborator of choice from among other AI companies, StradVision has also been selected as one of the program's Premier Partners, an exclusive group within NVIDIA Inception's global network of over 6,000 startups. StradVision specializes in AI-based vision processing technology for Advanced Driver-Assistance Systems (ADAS) and Autonomous Vehicles (AVs) via SVNet, their flagship product. It is a lightweight embedded software that allows vehicles to detect and identify objects on the road accurately, even in harsh weather conditions or poor lighting. Thanks to StradVision's patented Deep Neural Network-enabled technology, SVNet can be optimized for any hardware system.
NVIDIA unveiled a comprehensive global program to support the innovation and growth of startups that are driving new breakthroughs in artificial intelligence and data science. The NVIDIA Inception Program provides unique tools, resources and opportunities to the waves of entrepreneurs starting new companies, so they can develop products and services with a first-mover advantage. "Startups worldwide are taking advantage of deep learning for its superhuman speed and accuracy in applications like radiology, fraud detection and self-driving cars," said Kimberly Powell, senior director of Industry Business Development at NVIDIA. "We're committed to helping the world's most innovative companies break new ground with AI and revolutionize the industry. The Inception Program provides innovative startups with key support to help grow their businesses and bring revolutionary products to market faster.