“Responding on Twitter, CEO Elon Musk said he believes Tesla will become one of the largest AI companies in the world. This is in relation to Tesla’s autonomous vehicle approach. Musk said “…it turns out that the only way to solve self-driving is to solve a big part of real-world AI,” when responding about Tesla’s…
Tag: AI
Tiger Global leads $100 million investment in Indian social commerce DealShare
“The startup began as an e-commerce platform on WhatsApp, where it offered hundreds of products to consumers. It didn’t take long before a major consumer spending pattern was visible, Rao said. People were only interested in buying items that were selling at discounted rates, said Rao. Consumers wanted products that were relevant to them and…
Five Application Scenarios of AI in Banking
“Thanks to AI, banks generate 66% more revenue from mobile banking users than when customers visit branches. Companies that estimated their profit from Big Data analysis have reported an average increase in revenue by 8% and a reduction in costs by 10%. ABI Research estimates that spending on AI and cybersecurity analytics will amount to…
Data-labeling company Scale AI valued at $7.3 billion with new funding
“The startup is among a handful of companies that have sprung up to help businesses deal with the data preparation needed to train A.I. systems, a process that often requires tens of thousands of examples to be annotated with labels. Others that also offer data labeling services include Samasource, Labelbox, Hive, Cloudfactory, and DataLoop.” https://www.google.com/amp/s/fortune.com/2021/04/13/scale-ai-valuation-new-funding-fundraising-data-labeling-company-startups-vc/amp/
Why everyone in the Financial Services Industry should be a change agent
“Emerging markets in Asia, in particular, have recently seen a spike of 60% increase in contactless payments, with an eightfold growth in paperless B2B payment flows. McKinsey says this physical-to-digital shift is set to accelerate even more this year. And FSI organizations need to ride the wave, or risk being left behind. Fundamentally, I see…