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Artificial Intelligence News
Railways to use Artificial Intelligence for preventing signal failures
Tue, Nov 21, 2017
The Signalling system is vital for safe train operations and the railways completely depend on the health of its signalling assets alongwith real time information. Currently, it follows a manual maintenance system and adopt find-and-fix methods rather than predict-and-prevent approach.
Artificial intelligence to put 10 million jobs at high risk in the US: Report
Wed, Oct 11, 2017
It further said that nearly 5 million retail workers are at a medium risk of automation within 10 years.
Empower users with data for problem-solving: Nandan Nilekani
Wed, Aug 09, 2017
Nandan Nilekani, the former Unique Identification Authority of India (UIDAI) Chairman, said as the new kind of resource, data would dominate the 21st century as oil did in the 20th century.
Alphabet appoints Google CEO Pichai to board
Mon, Jul 24, 2017
Alphabet Inc said it appointed chief executive of its Google unit, Sundar Pichai, to its board. The company`s board also includes founders Larry Page and Sergey Brin.
SoftBank firm acquires two of Alphabet Inc's robotics businesses
Fri, Jun 09, 2017
SoftBank shares rose by 7.9% on the announcement of this landmark deal that give thrust to its artificial intelligence portfolio.
Tech Mahindra's stocks fall nearly 17% in early trade after posting 33% decline in Q4 profit
Mon, May 29, 2017
After posting nearly 33% decline in its Q4 profit for FY17, the stocks of IT major Tech Mahindra fell down about 17% in the early trade on Monday.
Top Indian IT cos like TCS, Infosys, others will lead in digital business, says recruitment firm Head Hunters India
Sun, May 28, 2017
Executive search firm Head Hunters India Founder and MD Kris Lakshmikanth told PTI that he firmly believes top companies including TCS and Infosys to lead India in the digital business further adding that these companies have clearly understood the dramatic change and the challenges of going digital more than two years back.
Job losses in IT industry to impact residential real estate in Bengaluru, Hyderabad, others: JLL
Sat, May 27, 2017
According to a recent study by JLL, due to massive job lossess in the Indian IT industry on account of automation and artificial intelligence, the demand for residential realty across IT hubs of Bengaluru, Hyderabad, Pune, Navi Mumbai and Noida is likely to get impacted.
Softbank-Saudi tech fund becomes world's biggest with $93 billion of capital
Sun, May 21, 2017
Private equity fund backed by Softbank Group and Saudi Arabia`s main sovereign wealth fund, said on Saturday it had raised over $93 billion to invest in technology sectors such as artificial intelligence and robotics.
Apple acquires artificial intelligence firm Lattice Data for $200 million
Sun, May 14, 2017
The US-based technology firm Apple has acquired Lattice Data, a specialist in turning unstructured "dark data" such as text and images into structured data, for nearly $200 million.
Layoffs in Indian IT may continue for 1-2 years: Experts
Sun, May 14, 2017
Indian IT industry is likely to witness a layoff of employees for the next one to two years on account of the sector demanding employees upgradation of skills in digitisation and automation.
Facebook developing new AI assistant like Siri
Sat, Apr 15, 2017
Instead of just retrieving simple pieces of information from databases, M can understand complex orders and take actions like booking theatre tickets or contacting companies for information.
Future Group puts in place C&D Lab for GeNext technology
Fri, Apr 14, 2017
The Kishore Biyani-led Future Group today announced setting up of Future C&D (consumer and digital) Lab in Bengaluru backed by a Rs 100-crore Accelerator Fund.
Facebook turns to artificial intelligence to tackle suicides
Wed, Mar 01, 2017
Facebook plans to use artificial intelligence and update its tools and services to help prevent suicides among its users.
Looking at becoming anchor clients in some fintech start-ups: Ram Gopal, Barclays India
Wed, Feb 22, 2017
Ram Gopal, Chief Operating Officer, Barclays India spoke regarding the Rise Accelerator, the 11 start-ups that they picked initially, investment into them and other plans ahead.
Infosys for first time records negative growth in hiring; recruits about 6,000 people so far in FY17
Mon, Feb 13, 2017
A senior official of the Telangana Government on Monday said that Infosys for the first time has registered negative growth in its hiring for the fiscal year 2016-17 (FY17).
Microsoft profit edges up 3.6% in second quarter as it acquires LinkedIn
Fri, Jan 27, 2017
Microsoft has reported 3.6% rise in profits for the second fiscal quarter on the back of acquiring social network company LinkedIn.
Infosys releases about 8,000 to 9,000 employees in last one year on automation
Fri, Jan 20, 2017
Homegrown IT major Infosys is reported to have released about 8,000 to 9,000 employees in the last one year on account of automation of lower-end jobs,
Artificial intelligence adoption driving revenue growth for businesses: Infosys
Tue, Jan 17, 2017
Artificial intelligence (AI) will play fundamental role in the success of an organisation's strategy but stringent ethical standards are also needed to ensure the success of the new technology, a report by Infosys said on Tuesday.
CES 2017: Lenovo partners with Amazon to unveil AI assistant for smart homes
Thu, Jan 05, 2017
Lenovo has partnered with Amazons Artificial Intelligence (AI) device Alexa to bring about the smart home experience.