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AI is likely to become one of the most important technologies of our era After decades of promise and hype, AI is now seemingly everywhere. Over the past several years, the necessary ingredients have come together to propel AI beyond the research labs into the marketplace: Powerful, inexpensive computer technologies; huge amounts of data; and advanced algorithms including machine learning. While AI is likely to become one of the most important technologies of our era, we’re still in the early stages of deployment, especially outside leading-edge technology companies. But, as AI continues its rapid progress, it’s not too early to ask a few important questions: What is AI’s overall value to the economy? What are the biggest application opportunities? What are AI’s most serious challenges and limitations? ALSO READ:  How artificial intelligence is changing the retail game in Indian market To address these questions, McKinsey recently published a paper on the mark...

Flipkart is looking at adding content to its portal Major e-commerce and retail players, including Paytm, Future Group and Flipkart, are set to invest close to $100 million in procuring and incorporating entertainment content, in a bid to take on  Amazon  India. According to sources, Paytm, which recently announced a host of new features in ‘Inbox’, its in-app messaging service, including live TV, news, cricket, entertainment videos and games, is planning to invest close to $30 million in this sector. Kishore Biyani-led Future Group is planning to make significant investments in creating a separate entertainment vertical on the company’s various apps and has set aside close to $14.5 billion for on-boarding artificial intelligence and machine learning on its platform to support entertainment content. It is also in talks with various entertainment content providers as well as movie theatre chains to provide tickets online as well as offline. Article Source :...

The US-based company has over 1,000 security engineers working on Google Cloud In the face of rising competition from Amazon Web Services and Microsoft, global tech giant Google is betting big on its cloud services to woo 44 million small and medium enterprises (SMEs), more than 20,000 start-ups and hundreds of major companies. Google’s cloud customers in India include Ashok Leyland,  Online flight booking, Hotels, Bus & Holiday Packages at Goibibo , Hero MotoCorp,  Life, Car, Health, Travel , Quikr, Yaatra, SBI Cards, Hike Messenger, Vistara and ShareChat. The company, which currently has three data centres in Mumbai, is on an expansion spree. Knowing that the demand is set to increase from the fintech sector in over the next couple of months as banks and non-banking financial institutions hurry to meet Reserve Bank of India’s (RBI) directive to bring financial data back to India, the company is hoping for a rise in demand. The tech giant is pitc...

The Zenfone 5Z has 90 per cent screen-to-body ratio, thanks to its 6.2-inch notch-based fullHD+ screen covering almost the entire front Taiwanese electronics manufacturer Asus was the first smartphone maker to announce Google Android-based devices – the Zenfone 5Z and Zenfone 5 -- with iPhone X-inspired notch-based screens at the Mobile World Congress held in February. Now, after almost four months, the company is gearing up to launch the Zenfone 5Z on June 15, according to a tweet shared by company through its official Japan handle. Earlier this year, when Asus showcased the Zenfone 5-series, the adoption of artificial intelligence technology in smartphones was in early stages and Asus showcased its different use cases, such as automatic scene selection and setting optimisations in camera, auto ringtone adjustments and optimal battery utilisation, etc. Though the Zenfone 5-series smartphones were claimed to bring system-wide AI-based optimisations, a lot has changed sinc...

Self-driving cars present fundamentally new ways to think about transportation and accessibility Self Driving Cars  could revolutionise how disabled people get around their communities and even travel far from home. People who can’t see well or with physical or mental difficulties that prevent them from driving safely often rely on others – or local government or nonprofit agencies – to help them get around. Autonomous vehicle technology on its own is not enough to help these people become more independent, but simultaneous advances in machine learning and artificial intelligence can enable these vehicles to understand spoken instructions, observe nearby surroundings and communicate with people. Together, these technologies can provide independent mobility with practical assistance that is specialized for each user’s abilities and needs. Also Read :  Here's what the Nobel Prize tells us about the state of economics A lot of the necessary technology already exis...

Sikka cautions that most of the work done Infosys can already be done with AI systems Latest News   : Infosys chief executive Vishal Sikka (pictured) has cautioned that the tidal wave of automation and technology-fuelled transformation could make the traditional information technology services obsolete. And, asked employees to shift their behaviour to adopt to shifts in technology. “The mountains ahead are tall ones. There is no other way but to get there and go... if we don’t, we will be made obsolete by the tidal wave of automation and technology-fuelled transformation that is almost upon us,” Sikka, the first non-founder chief executive, wrote in a New Year letter to employees. Sikka, whose letter had the subject: ‘Answers are blowing in the wind,’ cautioned that most of the work done by firms such as   Infosys   can already be done with artificial intelligence (AI) systems. “Our path forward is very clear – we need to harness the dual forces of automation ...

Google launches AI-powered Pixel smartphone; will cost Rs 57,000 in India With an aim to lead the world of   smartphones   with its artificial intelligence (AI)-based technology, Google on Tuesday launched much-awaited Pixel — a new premium device completely designed by the tech giant with Google Assistant built right-in — at a special event here. India is among the first six countries where   Google Pixel   is being launched. Starting at Rs, 57,000, it will be available for pre-order in India starting October 13 on e-tailer website Flipkart and at over 1,000 plus multi-brand retail stores, including Reliance Digital, Croma and Vijay sales, among others. The launch also ended the Nexus branding under which the company has always released phones in partnership with other original equipment manufacturers like LG (for Google Nexus 5) and Huawei (for Google Nexus 6P). Although HTC has manufactured the smartphones, the new device bears Google branding. With ...

Infosys unveils modular e-commerce platform Software major   Infosys   Ltd on Wednesday unveiled a mobile first and modular platform to drive e-commerce programmes across retail channels. The platform has been developed by Skava, a Silicon Valley-based   e-commerce   start-up that the IT major acquired in June 2015 for $120 million, to enable businesses leverage cloud-based micro-services and white label applications to launch new offerings and improve conversion rates of digital channels. "The platform can integrate into present technologies, while providing a future-ready architecture for next-generation shopping experiences leveraging artificial intelligence (AI) and machine learning, natural language processing and virtual reality (VR)," the IT major said. The platform also has a mobile-first responsive web store and native mobile shopping applications that can be managed by non-technical business users through its studio, an intuitive web-based exper...