India's Mfine raises $17.2 million to expand telemedical doctor network


Mfine, an AI health care startup headquartered in Bangalore, today announced that it has raised $17.2 million in a series B funding round led by Japan-based venture group SBI Investment, with participation from SBI Ven Capital, Beenext, Stellaris Venture Partners, and Prime Venture Partners. This comes after a $4.2 million series A round in May 2018 and brings Mfine's total raised to $24 million, according to Crunchbase. CEO and cofounder Prasad Kompalli says the funds will be used to acquire new customers and expand service across India. "We believe that India will leapfrog the methods of health care delivery that were adopted in the developed nations, and mobile will be at the center of this disruption. The current funding is an endorsement to Mfine's unique model of working with reputed and accredited hospitals and using technology to make quality health care accessible to millions of people," he said.

Artificial intelligence all set to change the BFSI landscape


Businesses across verticals are moving from digitisation to cognification of everything. Having said that, banks and financial institutions have recognised the potentials of Artificial Intelligence (AI) to redefine their processes, products and services. With customer experience becoming vital to ensure good business, banks have been adopting AI solutions to further enhance their services what with virtual assistants and chatbots handling different customer queries. The banking industry is using AI to reimagine products, processes, strategies and the overall customer experience. Cutting edge AI research and development is transforming the sector through an automated, integrated, collaborated approach to cyber defence and helping facilitate better information sharing between security components within and across organizations.

How artificial intelligence is helping farmers and babies in the developing world


Businesses and nonprofits are finding novel ways to employ artificial intelligence in the developing world, using the tools to improve agriculture yields, infant health care, and entrepreneur earnings, according to speakers at MIT Technology Review's EmTech Digital conference in San Francisco on Tuesday. Solomon Assefa, who oversees IBM's research labs in Kenya and South Africa, said the company has been using AI to more accurately predict crop yields in specific regions, based on shifting weather patterns, soil moisture, and other conditions. This insight into growing conditions has helped local farmers raise financing to expand their operations, or make better decisions about the right seeds, appropriate fertilizer, and ideal times to plant and harvest. Separately, the tech giant's research lab has partnered with a startup, Hello Tractor, that links farmers in need of tractors with owners looking to lease equipment. By forecasting demand for the vehicles, IBM has also helped owners raise money to expand their fleet, boosting their profits, Assefa said.

The Quest for AR and AI Creativity: Bringing Digital Transformation to Education Blog it with Kudums


This is the pilot of a series of EdTech articles with the focus on AR and AI. This article covers AR and AI from a birds-eye view. We will dive deeper into the specific application areas in the upcoming articles. Welcome to 21st century learning! Gone are the days when you missed a class in your school, it was difficult to catch up with the current lessons.

India Goes Electric With Battery-Swapping Rickshaws


Pankaj Kumar drives his autorickshaw up to a charging station in a covered parking lot in Gurugram, a satellite city of New Delhi. He flips open a lid on the side of the box that was the driver's seat. One at a time, he pulls out the two batteries powering the small vehicle, each about a foot high, five inches wide, and weighing 26 pounds. A locker pops open, revealing a fully charged battery. He pops it in, then repeats the action for the second battery.

Co-designing assistive technologies in India

MIT News

According to the United Nations, 1 billion people globally live with disabilities, and as many as 70 million of them live in India. In India, individuals with disabilities face barriers to success from nonexistent or inaccessible infrastructure, as well as prejudicial beliefs and discriminatory laws. With those challenges in mind, Kyle Keane, lecturer and research scientist in MIT's Department of Materials Science and Engineering, was invited to conduct a 2018 summer workshop in Chennai, India. He reached out to MIT-India, part of MIT International Science and Technology Initiatives (MISTI), for support in bringing a student with him. They not only agreed, but MIT-India Managing Director Mala Ghosh replied, "Why not bring an entire class?"

Artificial Intelligence: The New Life Jacket of the Healthcare Space


India has two contrast images when it comes to the healthcare sector. While one faction is able to avail the advancement of technologies in the healthcare space, another faction can at the most only avail the basic healthcare treatments. But this spectrum is altering now. Starting from making the basic healthcare services available to the needy, several innovative technologies are disrupting the space and taking them to an altogether different standard. The private healthcare sector in close association with startups has been seeing the innovation that has amazed everyone and spend the industry up.

AI can help alleviate current skills gap facing security teams: Vikas Arora, IBM India - Express Computer


Enterprise security has always been a cat and mouse game, with cyber adversaries constantly evolving their attack systems to get past defenses. Can AI based systems help in warding off new age threats and zero day attacks. To get a perspective, we spoke with Vikas Arora, IBM Cloud and Cognitive Software Leader, IBM India/South Asia, who shares his view on how AI can impact enterprise security. What are your views on the cyber security landscape in India? Which sectors do you think are the most vulnerable today?

How startups are leveraging deep tech knowledge to power ahead


Geeta Manjunath turned entrepreneur in the backdrop of a tragedy. In 2017, a cousin she was really close to succumbed to breast cancer at a relatively young age. Breast cancer is the most commonly occurring cancer in women and the second most common worldwide. Gopinath, who has a PhD in computer science from the Indian Institute of Science, applied her scientific mind to the issue. Ubiquitous screening and early detection vastly reduces fatality from cancer.