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AI based mentor network Quantel ends FY23 with net revenue of Rs 2.1 crore; boasts of 1,000 mentors

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The impact of a skilled mentor on one's life can be significant, potentially resulting in a successful career or business growth. Quantel, an AI-based mentor network platform, aims to offer mentorship opportunities to students from a diverse range of backgrounds, including government officers and corporate leaders, Lucky Rohilla, co-founder, Quantel, told FE Education. "We will bring on board mentors who possess exceptional capabilities and can effectively share their experiences with bright young minds who aspire to follow in their footsteps" Rohilla added. Incorporated in June 2020, Quantel is a recently established platform. The company ended FY22 with Rs 21.3 lakh from sales or supply of services, while net profit stood at Rs 30,324 as per regulatory filings accessed by business intelligence platform, Tofler.


TN to modernise forest force through a comprehensive scheme over a three years period - abtlive

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The government of Tamil Nadu on Wednesday issued orders to modernise its forest force by equipping them with modern technologies. The Tamil Nadu Forest Force modernisation project has six components, including a Human Resource Management component to be implemented at a cost of ₹8.55 crore. This would include in-service training programmes for frontline forest personnel and improvements to the training infrastructure at the Tamil Nadu Forest Academy, according to a release. Forest personnel shall be given specialised training and exposure to best practices around the country and abroad. Under component II, the government has proposed to improve the Forest Department's information and communication technology at a cost of ₹40 lakh.

  Country: Asia > India > Tamil Nadu (0.78)
  Industry: Government (1.00)

Practical Implementation of Content-Based Recommendation System

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Originally published on Towards AI the World's Leading AI and Technology News and Media Company. If you are building an AI-related product or service, we invite you to consider becoming an AI sponsor. At Towards AI, we help scale AI and technology startups. Let us help you unleash your technology to the masses. Whenever we visit a shopping mall to buy a new pair of shoes or clothes, we find a dedicated person who helps us with the kind of products we should buy based on our preferences and makes our job simpler.


IIT Mandi to organize a School Camp on Robotics and Artificial Intelligence in July

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The registration is open until 15th April 2022 to all students enrolled in classes 11 and 12 at recognized schools in Himachal Pradesh. An entrance-based exam will be conducted to select students in the camp. Mandi, 14th March 2022: TheIndian Institute of Technology Mandi is organizing the summer camp on Robotics and Artificial Intelligence (AI) in collaboration with …


Conversational AI platform ORAI raises capital

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Conversational artificial intelligence (AI) platform ORAI has raised Rs 6.5 crore in a Pre-series A Round led by Inflection Point Ventures, the company said in a statement on Thursday. The fresh capital will be utilised in the expansion of the company's sales and marketing team, to target larger markets, in the development of products and enhancements, and for research and development. Founded in 2020 by Sujit Das Biswas and Swapnil Jain, ORAI offers automation powered by AI with advanced features in a single bot that does all the work related to customer support, customer outreach, customer engagement, marketing, sales support, and post-sales services, the statement said. The platform enables clients to gain higher revenues and increased returns on investment using a humanised virtual assistant, the statement said. Currently, it has over 100 customers, including Group Landmark, Kataria Group, and Emcure, among others. "Artificial intelligence driven chatbot has witnessed an upsurge in demand as it helps businesses to grow and function holistically.


Forbes India - Banking On Technology: Tech Trends That Have Carved A Niche This Year

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Technology has been a major disruptor in the way banking was done just a few years ago. While the pandemic accelerated the adoption of technology across industries and sectors, our dependence on these advancements has been magnified to a great extent. For example, the recent Annual Report 2020-21 of Reserve Bank of India shows, the total digital transaction volume in 2020-21 stood at 4,371 crores, as against 3,412 crores in 2019-20, attesting to the resilience of the digital payment system in the face of the pandemic. As these technological advancements continue to disrupt the traditional ways of banking, we see a whole new spectrum of newer and faster banking solutions. Online deposits, mobile wallets, e-bill payments, and so on have fundamentally become a norm for how financial transactions are carried out nowadays.


Investment of Rs 800 Crore for a Fully AIoT-Enabled Campus in Bengaluru

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The campus is likely to house the second-highest number of Bosch employees in the world, said Soumitra Bhattacharya, Managing Director of Bosch Ltd and regional president of Bosch Group in India. The 75-acre campus will be the base of the group's various companies in India, including the home appliances, power tools, powertrains and automotive aftermarket divisions and could host around 10,000 software engineers by the time it is completed. It is expected to be inaugurated in June 2022, when the group completes 100 years of presence in India. "In our smart campus here in Adugodi, which has 75 acres which we are going to inaugurate in 2022, we are investing more than ₹800 crores to make it one of the smartest campuses. "This is going to be one of the largest tech centres that we have in the world and likely to be the largest outside Europe," Bhattacharya said while addressing a virtual conference. Stating that the campus will allow the group to showcase "all our digital use cases", he said, "In the heart of the city of Bengaluru, housing one of the largest Bosch campuses in the world, this will be a testimony of our living as an AIoT company." Bhattacharya said the campus, which had initially housed Bosch's first plant in India, called the'Bangalore plant', is being redeveloped into a "truly end-to-end smart campus" after shifting the manufacturing unit to a location on the way to Mysore. When asked about the likely employment in the upgraded campus, he said, "This is going to house very likely, the second-highest number of Bosch employees in the world.


IIT Bombay earns good response to its fund-raising initiative

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NEW DELHI: The Indian Institute of Technology (IIT), Bombay, has seen good response to its fund raising initiatives in the current academic year, with Rs26.16 crore contributed by alumni currently residing in the US. Sharad Saraf, chairman, Technocraft Group and Sudarshan Saraf, co-chairman of Technocraft Group, have given Rs15 crore to build a'Technocraft Centre for Applied Artificial Intelligence' at IIT Bombay. The donors believe that the future of technology is with the growth of Artificial Intelligence (AI) and it is necessary to expose students to AI through a dedicated AI Center, according to IIT Bombay. A campaign spearheaded by IIT Bombay Heritage Foundation in the US received good response, the institute said. "This year IIT Bombay alumni in USA have contributed to $3.6 million (Rs26.16 IIT Bombay had initiated annual fund-raising drive, 'Cherish IIT Bombay' for donors all over India and the world. It has been raising funds for various causes for the benefit of its students and faculty. According to IIT Bombay, the campaign that stands out this year is the IT hardware campaign. "As IIT Bombay moved to online classes in response to the pandemic, many of our students couldn't access the online classes as they couldn't afford the investment in IT hardware at their respective homes.


Automation startups see business momentum in India in 2021

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Industry executives believe automation went mainstream this year and it has received the right amount of attention at the C-suite level. Also read: India can't make up its mind on PSUs, 30 years after liberalisation For California-based robotic process automation (RPA) company Automation Anywhere, growth in its India market this year has been mainly driven by existing customers migrating to the cloud and those that have completely revisited their operating model due to the pandemic. "Cloud lowers the cost of ownership and it prepares them for a significant scale up when the economy recovers next year. In fact, many of the new logos we have signed up in last 12 months have straightaway started on the cloud," said Milan Sheth, executive vice president-IMEA, Automation Anywhere. While growth this year has been driven by the services sector in the banking space, financial services & insurance (BFSI), utilities and hospital management, next year it will be led by the manufacturing sector.


Artificial intelligence alone can add $500B to economy: Google India

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Google India on Thursday said artificial intelligence alone can add $500 billion to the economy, and assist in better forecast of floods and accurate diagnosis of diseases. The company has committed $10 billion for expanding India's digital footprint, a top official said. Google recently picked up a 7.73 percent stake in Reliance Industries Ltd's (RIL) digital subsidiary, Jio Platforms Ltd. The two companies have also announced plans to come up with "an entry-level affordable smartphone". Gupta said during the pandemic, data consumption jumped to 14 GB per month from 8 GB.