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Meet The Inspiring Women Leading Artificial Intelligence-Based Startups In India
We can say without a shadow of doubt that artificial intelligence (AI)--the ability of computers and other machines to work intelligently without human intervention--is bound to impact the world in stellar ways. When and where this impact will be felt can't be predicted, but one thing is certain: AI will disrupt traditional employment patterns. That said, AI is helping kill stereotypes too. Like with every other field, women in tech, too, faced the challenge of making a name for themselves in an industry full of men. But the space is now changing.
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7 Leading Artificial Intelligence Startups In India In 2018
The artificial intelligence (AI) sector plays a significant part in resolving some of the most critical difficulties encountered by organisations as well as consumers. The extensive adoption of AI and cognitive processes across all industries will accelerate worldwide earnings for the AI sector from approximately USD 16.06 billion in 2017 to a whopping USD 190.61 billion by 2025! Therefore, enrolling yourself in artificial intelligence courses is an obvious move if you wish to land a satisfactory job in the ever-growing AI field. With the tremendous technological advancement in AI on a global scale, India is one country that is surpassing several other countries in different AI domains. Here are the top seven Indian Startups which are pushing the boundaries in the AI sector in 2018.
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RIL completes acquisition of 73pc stake in AI firm Embibe Global Edition
Reliance Industries Limited today said it has completed an acquisition of close to 73 percent stake in artificial intelligence-based education technology provider Embibe. "RIL, Embibe and the other stakeholders have completed all the closing conditions and have successfully completed the sale and purchase of the shareholding of the existing investors in Embibe to RIL. With this transaction, RIL will hold 72.69 percent (on fully diluted basis) in Embibe," RIL said in a BSE filing. RIL in April had announced that it has entered into agreements to acquire close to 73 percent stake in education technology provider Individual Learning Private Ltd (Embibe) and plans to invest USD 180 million into the company over the next three years. Embibe will use the capital over the next three years towards deepening its R&D on AI in education, as well as business growth and geographic expansion, catering to students across K-12, higher education, professional skilling, vernacular languages and all curriculum categories across India and internationally.
Reliance announces strategic investment of $180M in Embibe, the largest AI platform for education
Reliance is set to pick up a majority 72.69 percent stake in online education platform Embibe, which uses data analytics to deliver personalised learning outcomes to students. Reliance today agreed to invest the rupee equivalent of $180 million into Embibe, the Bengaluru-based AI education platform, over the next three years. A part of this will be towards acquiring a stake of 72.69 percent from Embibe's existing investors. The transaction is subject to customary closing conditions. This is one of the biggest transactions in the Indian education and deep technology space.
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