This edition of the conference on'Financial Evolution AI, Machine Learning & Sentiment Analysis' by UNICOM Seminars interrogates and explores the implications of AI & ML in the financial services industry. Artificial Intelligence and Machine Learning (AI & ML) and Sentiment Analysis are said to "predict the future through analysing the past" – the Holy Grail of the finance sector. They can replicate cognitive decisions made by humans yet avoid the behavioural biases inherent in humans. Processing news data and social media data and classifying (market) sentiment and how it impacts Financial Markets is a growing area of research. The field has recently progressed further with many new "alternative" data sources, such as email receipts, credit/debit card transactions, weather, geo-location, satellite data, Twitter, Micro-blogs and search engine results.
Anuj Agrawal, 35, has dabbled in the recruitment industry since 2005. With 100 employees and two offices in Noida and Bengaluru, his firm Zyoin offers recruitment and consultancy services to over 300 companies, including Amazon, Goibibo, Play Games and PayU. But there were some constant niggles. With no universal template around which resumes are written and structured, mining and matching thousands with job positions was a huge task. Available parsing technologies were basic and didn't sort and match well. Also, the resumes in their database would often get dated. Last year, Agrawal got a cold email from Anand Kumar, founder of Bengaluru-based Skillate, an artificial intelligence (AI)-based recruitment solution platform that helps companies read and match resumes.
While general purpose chatbots haven't shaped user interfaces as radically as early advocates like Facebook may have hoped, when used in a more targeted capacity, they have shown promise in building closer relationships between consumers and brands and making critical enterprise workflows more streamlined. India's Yellow Messenger operates a conversational AI platform used by companies including Accenture, Flipkart and Grab to communicate with employees and customers. The startup is announcing new funding as they officially launch their chatbot platform stateside. The Bengaluru-based company tells TechCrunch they've closed a $20 million Series B led by Lightspeed Venture Partners. The startup previously raised funding from Lightspeed India Partners, which led the startup's Series A last year.
Bengaluru-based artificial intelligence startup Niki.ai has raised Rs 3 crore in a new round of funding led by Haresh Chawla, a partner at India Value Fund Advisors (IVFA). Existing investor Ronnie Screwvala's Unilazer Ventures also participated in this round, the startup disclosed in its ROC filings. Both Chawla and Screwvala had not responded to mails sent by Techcircle at the time of filing this report. This is the third time when Unilazer has invested in Niki.ai, which is owned and operated by Techbins Solutions Pvt. Ltd. In May, Mumbai-based Unilazer, along with Rata Tata, interim chairman of Tata Sons, made an undisclosed investment in the firm.