According to a study by Harvard Business Review (HBR), Bengaluru has emerged among the top five cities in the world of AI, ranked at fifth position – and has the second-largest AI talent pool in the world. The other cities that topped the list include San Francisco, New York, Boston, and Seattle. Besides Bengaluru, other cities in India include New Delhi, Hyderabad, and Mumbai, ranked at 18th, 19th and 27th positions, respectively. In this study, the researchers highlighted the 50 cities with AI talent pools worldwide and evaluated them using a TIDE framework (i.e., talent pool, investments, diversity of talent, the evolution of the country's digital foundations). The researchers said that these factors collectively give companies a way to prioritise their AI talent sourcing choices by scoring the various locations on the concentration, quality, and diversity of the talent pool.
Large retail chains are seeking to enhance customer satisfaction by using artificial intelligence (AI) tools such as machine learning and computer vision to study consumer behavior online and in physical stores, in an effort to offer them the best products and experiences. Bengaluru and San Francisco based AI solutions provider Algonomy has deployed an AI-based decision engine called Xen AI for Pantaloons, a multi-brand retail chain owned by Aditya Birla Fashion and Retail Ltd. Xen AI selects the most optimal experience for every interaction in real-time, based on the customer's profile and stage in the buying journey. For instance, if a lady customer browses for a peach dress online and later visits the store to try it, a store associate uses an app to assist her better based on her preferences, behavioral data, searches and past purchases, said Bhavna Sachar, director, product marketing at Algonomy. The idea is to use AI-based personalization to offer tailored omnichannel experiences to customers, she said.
Bengaluru features in the top five cities on Harvard Business review where diversity is high in the AI sector. Diversity and inclusive pool of talent developing AI matters to the reviewers as AI developers are influenced by their own world views, which, in turn, guide them in their selection of applications, datasets, and training of algorithms. The data from the Fletcher school, Tufts university is derived and pitted against indicators such as talent pool, investments, diversity of talent, evolution of the country's digital foundations or TIDE. The reviewers believe that the factors collectively give companies a way to prioritise their AI talent sourcing choices by scoring the different locations on the concentration, quality and diversity of the AI talent pool. Top four cities are San Francisco, New York, Boston and Seattle respectively.
Bengaluru stood fifth in the list of 50 top cities for having one of the world's largest diversity of Artificial Intelligence (A.I.) workers. The top four cities are from the U.S., including New York, San Francisco, Boston, and Seattle. San Francisco has four times the A.I. activity of other top cities with A.I. clusters. The ranking has been given by the TIDE Framework and listed by Harvard Business Review (HBR). The cities have been evaluated using a framework - TIDE (for Talent pool; Investments; Diversity of talent; Evolution of the country's digital foundations).
BENGALURU: Bengaluru has emerged among the top five cities in the world for Artificial Intelligence (AI), ranked at No. 5, with the first four being cities in the USA. The ranking is among top 50 AI cities, measured by the TIDE Framework and listed by Harvard Business Review (HBR). The top four cities are San Francisco, New York, Boston and Seattle. Reviewers have noted that Bengaluru also has the world's second-largest AI talent pool and is ranked fifth for diversity among AI workers, as measured by data from Fletcher school, Tufts University, and derived at based on a framework of indicators such as talent pool, investments, diversity of talent, evolution of the country's digital foundations (TIDE). Another feather in Bengaluru's cap is that it is also among cities on HBR's list of AI hotspots in the developing world -- these cities also score favourably on the cost of living, which could be a powerful draw for diverse talent, the reviewers noted.
India is witnessing an immense advancement in the number of investigation startups in recent times, especially in DI (Data Intelligence), AI (Artificial Intelligence), and ML (Machine Learning). Over the past year, we have covered various startups that are working in different zones of Data Analyzing and security-related software. A Bengaluru Based Startup company CreditWatch, which develops machine learning (ML) and artificial intelligence (AI) tools to help the financial services industry decrease credit risk, has created history by raising $3.2 million in Series A funding run by ARTIS Labs. The company's representatives officially announced this news yesterday in a press meet held in Bengaluru, and the company is now targeting $5 million. It has raised a tremendous amount in association with San Francisco-based Abstract Ventures.
Indian cab aggregator Ola has announced the acquisition of Bengaluru-based artificial intelligence (AI) startup Pikup.ai on Tuesday. As part of the deal, which value was not disclosed, the team at Pikup.ai including founders Inder Singh and Ritwik Saikia will join Ola. "We are looking forward to joining Ola in its mission to build mobility for a billion people and are very excited about building meaningful technology solutions that have a deep impact on the lives of millions, every single day," said Inder Singh, co-founder of Pikup.ai. The acquisition will fuel Ola's plans to develop next-generation mobility technologies such as autonomous driving, electric and connected mobility. The company said it would do that also by setting up an Advanced Technology Centre in San Francisco.