AI News – Page 370
- India, Germany to launch AI initiatives
India has launched several initiatives, including Cyber Physical System, Deep Ocean Mining, Future Manufacturing, Green Hydrogen Fuel, Quantum Technologies, etc.
Amit Naik ·
- IBM unveils industry’s first quantum-safe system, IBM z16
IBM z16 can process 300 billion inference requests per day with just one millisecond of latency.
kartik.wali ·
- Google introduces Pathways Language Model with 540 Bn parameters
PaLM achieves a training efficiency of 57.8% hardware FLOPs utilisation, the highest yet achieved for LLMs at this scale
kartik.wali ·
- Gupshup acquires Conversational AI Platform Active.Ai
Headquartered in Singapore, Active.Ai’ Conversational Banking as a Service (CBaaS) platform caters to BFSI customers across 43 countries.
kartik.wali ·
- Google acquires Israel based cybersecurity start-up Siemplify to Bolster its Cloud security
The acquisition will bring security orchestration, automation, and response (SOAR) to Google Cloud security portfolio and expand its Chronicle platform.
poornima.nataraj ·
- Algonomy announces intent to acquire Linear Squared, AI-powered retail and CPG demand planning & forecasting provider
The proposed acquisition will expand Algonomy's capabilities for grocery retail, consumer packaged goods (CPG) and other target industries and also help set up a Center of Excellence in AI & ML Engineering in Sri Lanka
poornima.nataraj ·
- Analytics & AI firm Fractal raises $360 million investment, becomes the second unicorn of 2022
Essentially an analytics service provider, Fractal analytics is one of the world’s most well-funded AI providers. Apart from this, consultancy makes up one of the bulk of Fractal’s business.
poornima.nataraj ·
- Applied Materials to invest Rs 340 Cr in India for semiconductor plant
The announcement was made at the SemiconIndia conference held in Bengaluru.
poornima.nataraj ·
- Bengaluru based Convin.ai raises Rs 16 crore in seed funding
Good Capital, Plan B Innovations, Bharat Founders Fund & Digital Sparrow also participated.
poornima.nataraj ·
- Leading data analytics company EXL announced revenue growth of 25.9%
The adjusted diluted earnings per share for the quarter was USD 1.42, a 20.3 per cent increase year-over-year.
poornima.nataraj ·
- Redis announces 7.0
Redis 7.0 includes incremental improvements in Redis Functions, ACLv2, command introspection, and Sharded Pub/Sub.
poornima.nataraj ·
- Meta AI is building AI that processes language like the human brain
Meta is studying the brain to build AI that processes language as people do.
poornima.nataraj ·
- IIM Bodh Gaya launches 10 month AI & ML programme for Business executives
The 10-month programme will help professionals to be data-fluent with tools and techniques used in the industry for analytical applications.
poornima.nataraj ·
- Aerospike announces a new release of the core engine, Database 6
“Powered by Aerospike Database 6, our Real-time Data Platform delivers predictable sub-millisecond performance, low latency, and unlimited scale.”
poornima.nataraj ·
- SAP Startup Studio invites applications from enterprise tech startups for a new cohort
Through the programme, startups will gain exposure to the country's tier-1 and tier-2 VC ecosystems and think tanks.
poornima.nataraj ·
- Hyderabad based AI startup Finbots raises USD 3 Mn in Series A
Besides being a key market for the venture, India drives all of the global development and support for Finbots.AI.
poornima.nataraj ·
- Indian drone manufacturer ideaForge raises USD 20 Mn
ideaForge customers also include the Indian Navy, Air Force, State Police Forces, BSF, NSG, CRPF, Adani, L&T, Indian Oil, Survey of India, and the Indian Railways.
poornima.nataraj ·
- Capgemini delivers record growth of 17.7 per cent in Q1 2022
The Capgemini Group reported Q1 2022 revenues of EUR 5,167 million, up 21 per cent year-on-year at current exchange rates and 17.7 per cent at constant exchange rates.
poornima.nataraj ·
- Kristal.AI acquires global investment platform Globalise
The strategic acquisition of Globalise will enable retail investors to invest in global products via fractional investments.
poornima.nataraj ·
- New book on Kaggle released with inputs from over 30 experts
First of its kind, The Kaggle Book assembles the techniques and skills a participant would require for success in competitions, data science projects, and beyond.
poornima.nataraj ·