Will Deeptech’s Fortunes Turn In 2020?

  • “Quoting NASSCOM data, many reports said about 18 per cent of 1,300 Indian start-ups launched in 2019 are leveraging deep-tech. This is a big leap from 8 per cent in 2014, recording 40 per cent compound annual growth rate in the past five years.
  • While India has 27 unicorns, none of them are from the deep-tech space. The Indian deep-tech market is far behind other countries such as China, Japan and the US.”

https://www.google.com/amp/s/www.entrepreneur.com/amphtml/344414

Image credit: Shutterstock

Noted banking analyst Mike Mayo says 2020 will begin the ‘golden decade of banks and technology’

“This is the golden decade of banks and technology,” Mayo said Monday in an appearance on CNBC’s “Fast Money.” “Tech is the enabler. It’s going to take banks on this multiyear trend of improving efficiency, better returns with a lower-risk profile that’s still being underappreciated by the Street.”

https://www.google.com/amp/s/www.cnbc.com/amp/2019/12/30/well-fargo-analyst-mike-mayo-the-golden-decade-of-banks-is-near.html

Image credit: Adam Jeffery | CNBC

AI enabled YES ROBOT has booked 12 bn deposits within an year

  • “YES Bank has experimented with and experienced the entire gamut of AI solutions. From simple pre-defined FAQ knowledge database creation for our enterprise YES Bot to a far more sophisticated Microsoft LUIS NLP and cognitive services enabled YES ROBOT for our customers, we are now doing POC for more complex use cases. Certain repeat transactions such as monthly rent payment, utility bill payments and mobile recharges can be entirely automated with limited or no human intervention.
  • Our flagship AI powered chatbot – YES ROBOT – is a comprehensive, secure, 24*7 Personal Banking Assistant for customers and is currently available on our website and Facebook Messenger. Almost three years ago, YES Bank understood the importance of AI in banking and made it an integral part of the bank’s digital transformation journey.
  • We are working on truly cutting edge AI and NLP technologies to revolutionise chat and voice bots for offering industry first innovative experience.”

https://www.google.com/amp/s/www.expresscomputer.in/amp/news/ai-enabled-yes-robot-has-booked-12-bn-deposits-in-the-last-three-years/44221/

What would make you trust a robot?

  • “AAA’s annual automated vehicle survey from March 2019 found that 71 percent of people are “afraid” to ride in fully self-driving vehicles
  • Scientists are trying to get people to trust A.I robots more. How? By having them explain themselves.
  • “In the past, robotics wasn’t closely tied to psychology. This is changing,” says Dr. Hongjing Lu, a professor in the department of psychology and statistics at UCLA…’Trust is a central component of humans and robots working together.'”

https://www.google.com/amp/s/www.inverse.com/amp/article/62025-robot-trust-ucla