Observe.ai, an artificial intelligence-based startup that focusses on voice conversations for customer service, has raised $26 million (approximately Rs 184.16 crore at current exchange rates) in its Series A funding round from a clutch of investors. California-based venture capital firm Scale Venture Partners led the investment round, Observe.ai said in a statement. Other investors that participated in the round include Nexus Venture Partners, Steadview Capital, 01 Advisors and Emergent Ventures. The company said it will use the funds to expand its US and India teams, and will also accelerate its product development. Swapnil Jain, co-founder and chief executive officer at Observe.ai, said the investment will fuel the firm's mission to elevate agent performance through AI-based coaching and insights The latest investment takes the total funding raised by Observe.ai
INDIA'S government wants to build one of the largest facial recognition systems in the world. But critics warn it could be a blow to citizens' rights. The country's National Crime Records Bureau (NCRB) has invited bids to develop a nationwide facial recognition system that can automatically identify people from CCTV feeds and images uploaded through a mobile app. The NCRB says it will help police catch criminals, find missing people and identify dead bodies. The technology works by scanning the structure of people's faces and comparing the results …
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The 2019 IT Innovation & Excellence Awards, brought to you by CSI Mumbai Chapter, the fourth year of its presence. The awards ceremony will be held in Mumbai. The awards will recognize the very best in the area of Cognitive Technology and allied IT Industry including IoT, RPA, Innovative use of bots, Robotics, Innovative applications of cognitive application combine vision technology (including AR / VR), Advanced AI Application, Analytics and Machine Learning, Block chain. The leading organizations & individuals will be honoured and awarded for their innovation and excellence in this sector.
Prime Minister Narendra Modi's second term saw a slew of initiatives started in order to adapt cutting-edge technologies in the economy. The Interim Budget 2019 discussed the national program for the development of emerging technologies like robotics, IoT and AI, among others. However, the Indian think tank NITI Aayog has clearly been at the forefront of looking at the adoption of new-age technologies for bettering government service. In this article, we list down the top 5 AI collaborations between the Government of India and the tech giants in 2019. After signing a statement of intent (SoI) last year, this year in March, NITI Aayog joined hands with ABB and organised a workshop in order to help the MSMEs to understand how the Indian economy can be digitised with the help of emerging technologies like AI, big data and digital connectivity.
Many believe SageMaker, the machine learning (ML) service from Amazon Web Services, has truly democratised the adoption of artificial intelligence (AI) and data science by making it available for developers, corporations, and laymen alike. What you may not know is that the idea behind this AWS offering took root in Chennai a few years ago, when a software engineer on an annual pilgrimage back home was nursing a bad bout of jet jag. Swami Sivasubramanian, VP, Machine Learning, AWS, is considered a pioneer in cloud computing. The 41-year-old joined Amazon in 2005 after completing a PhD in distributed computing, making him one of the early employees for an idea that is now a $36 billion ARR business. Over the years, he has built 40 AWS services along with his team.
Tata Consultancy Services (TCS) has published a new report titled Understanding the Dynamics of Artificial Intelligence in Intellectual Property. Designed to provide technologists, academicians, entrepreneurs, professionals and policymakers with insights on the frontiers in AI-related research and IP management and protection, the report was released today in partnership with the Confederation of Indian Industry (CII) at the 5th International Conference on IPR, organized by CII in collaboration with the Department for Promotion of Industry and Internal Trade, Government of India, and the Intellectual Property Office, India, said a press release from the company. The report captures trends in AI-related research globally, noting for example that while machine learning is the most common AI technique, mentioned in 89% of the patents filed, deep learning (DL) is the fastest-growing technique mentioned in patent filings. Another finding is that the highest number of patent families is in computer vision (49%), NLP (14%) and speech processing (13%). While it is no surprise that the US and China lead the world in AI-related patents, it comes as an eye-opener that China leads the world in deep learning, with the Chinese Academy of Sciences owning the largest DL-related patent portfolio and Baidu leading the pack among corporates globally.
It connects top AI experts, enterprises, government representatives, data scientists, technology leaders, startups, investors, researchers, academicians, and global AI innovators - to discuss the impact of AI on commercial applications and the revolutionary ways it can transform businesses and government functions.
The land of art, literature and culture will now see the government authorities keeping a close eye on the lawbreakers. In a move that will empower the law enforcement authorities, the Kolkata Police is now expanding the footprint of the CCTV cameras AI-powered devices in crime detection. According to a noted news wire, Kolkata Police has already installed 3,000 closed-circuit cameras all across the city. Police Commissioner Anuj Sharma said, "We are expanding it. Recently, you have seen instances of crime detection by analysing the CCTV footage… With the installation of such cameras, catching those indulging in anti-social acts will become simpler."