Fashion e-tailer Myntra has taken over tech startup Witworks for an undisclosed amount to further strengthen its technology team and product development capabilities. The Bengaluru-based Witworks is f…
PM Modi Asks Union Ministries To Embrace AI To Track Socio-Economic Growth
In a bid to lead the world in the area of artificial intelligence, Indian Prime Minister Narendra Modi this week asked the NITI Aayog to acquaint all the ministries with high-end technologies. “China …
Agri-Analytics Startup AgNext Gets Funding From Omnivore
Impact venture fund Omnivore this week has made its second round of investment in Chandigarh-based agri-analytics startup AgNext. The amount invested has not been disclosed by either of the parties. A…
Reliance To Invest $180 Million In AI Education Platform Embibe Over Next 3 Years
Reliance Industries Limited on 12 April 2018 executed definitive agreements to acquire majority equity stake from existing investors of Indiavidual Learning Pvt Ltd (Embibe), a note AI-based education…
Indian Railways Planning To Use AI-Based Chatbots To Handle Passenger Queries
In an interesting and forward-looking move, the Indian Railway is reportedly considering the use of chatbots to answer queries of the passengers in a fast and efficient manner. Reportedly, the possibi…
Maths Phobia: HRD Minister Prakash Javadekar Forms Committee To Tackle Fear Among Students
In a welcome move, Prakash Javadekar, Union Minister for Human Resources and Development announced that a committee had been formed to take measures against the alleged deep-rooted phobia in the minds…
AI, New Tech To Contribute $154 Billion To India’s GDP By 2021, Says Microsoft India President
Reiterating what most of the world is already talking about, a new study commissioned by the tech giant Microsoft has said that by the year 2021, over 60 percent of India’s GDP would be derived …
25 EU Countries Sign AI Pact In A Bid To Compete With US, Asia
In a landmark deal, 25 European countries signed a deal to form a ‘European approach’ to artificial intelligence in order to compete with the American and Asian tech giants. Representative…
RBI To Set Up Data Sciences Lab By December 2018
In an interesting turn of events the Reserve Bank of India (RBI) has decided to set up a data science lab to add tech support in policy formulation. India’s central banking institution, which al…
Chinese AI Startup SenseTime Raises Record $600 Million In Funding Round Led By Alibaba
SenseTime, one of world’s largest artificial intelligence companies, has successfully raised $600 million in its Series C round of funding. Alibaba Group has taken the lead role for this round o…