Kolkata: Now, bots and artificial intelligence too will join efforts to preserve the Gandhian legacy.

The reality is that no matter how advanced it appears; artificial intelligence will always need to be managed to some degree. Artificial intelligence is no longer only being used by the minority. As automated technology becomes increasingly sophisticated, more and more businesses are assessing their AI readiness, writes Wayne Butterfield, Director at Information Services Group. As we enter an age where intelligent machines can more efficiently do the jobs of many humans, businesses face a key challenge – how to prepare their workplace, and just as importantly their workforce, for this seismic shift in business operations and working culture. Research from Microsoft has recently revealed that although 1 in 4 business leaders believe they will have to dramatically change the way they work in the next 5 years because of AI, less than half have an AI strategy in place to address the challenges new technologies present to the workplace.

If you already tried to upload some of your pictures to OneDrive, you may be aware that Microsoft's cloud storage service is able to automatically tag your photos and categorize them, group them by location, and more. By adding more data to user-generated content, Microsoft's artificial intelligence tools also make it easier for OneDrive users to find relevant pictures using OneDrive's search feature. But could artificial intelligence accomplish the same sort of magic with video content? That's exactly what Chia-Wen Lin and Min Sun, professors in the Electrical Engineering department of National Tsinghua University in Taiwan, are trying to do. In a new blog post on the Microsoft Research blog, the company explains that both professors partnered in 2015 with Dr. Tao Mei, lead researcher in multimedia at Microsoft Research Asia who worked on a new image recognition, segmentation, and captioning dataset called COCO (Common Objects in Context). Professor Sun created a video title generation method based on deep learning to automatically find the special moments--or highlights--in videos, and generate an accurate and interesting title for the highlights.

Interest in bots and artificial intelligence is on the rise. VC funds are looking at the space for new investments. Likewise, players such as Facebook, Amazon, Google, and Microsoft are hoping to find new revenue streams here. And at the same time, an increasing number of entrepreneurs are trying to make it big with Bots. MobileBeat 2016 was all about bots and artificial intelligence and this blog will give you the lowdown on the latest and greatest in this exciting field.

As a natural response to Facebook's push to get more pages to use Messenger as a platform, brands are developing chat bots to handle customer service. How well is this working? At the Socialbakers Engage conference in Prague earlier this month, experts talked about the future of chat bots. The chat bots companies are starting to develop are more like the first step of a customer interaction, allowing them to take care of low-level inquiries, and then provide information to a human to complete the process. We're going to see a lot more intelligent bots out there.

First it was software, then the website, then the app. While it is still too early to say for certain whether or not this will indeed be the case, the hands of intelligent automation are becoming more and more common across multiple industries and fintech is certainly among them. Here are three reasons why AI and smart bots will play a greater role in payments. The first quarter of 2016 saw payments firms raise USD274.3m in disclosed investment deals. This was down 45% on figures from Q1 2015, where payments startups raised USD500m.