Healthtech Startup Qure.ai Is Using AI To Speed Up Radiology Diagnosis
Mumbai-based Qure.ai aims to fill this gap by applying AI and deep learning technology to studying radiology images for quick and accurate diagnosis of diseases.
In the healthcare market, the commercial use of AI is expected to reach $36.1 Bn by 2025, at a CAGR of 50.2% between 2018 to 2025.
The company claims to have used more than 7 Mn data sets to trained its AI algorithms, and has validated test results and accuracy of its diagnosis at global institutions such as Stanford University, the Mayo Clinic, and the Massachusetts General Hospital.
“A recent Deloitte India and Retailers Association of India (RAI) report said that India’s ecommerce market is worth $200 Bn at present and will grow to $1.2 Tn by 2021.
Reliance Retail is planning to use more than 5,100 Jio point stores across 5,000 cities and towns as delivery and collection points for its ecommerce venture. To further ignite its ecommerce plans, Reliance has already made multiple acquisitions and investments ranging from logistics to vernacular to AI.”
“With a new focus set on India’s ecommerce market worth $200 Bn in 2019, Mukesh Ambani-led Reliance Industries is continuing to build its arsenal of etailer-related services by acquiring promising players from the Indian startup ecosystem.
Ambani is targeting Indian ecommerce market which is largely dominated by Amazon and Walmart-owned Flipkart. A recent Deloitte India and Retailers Association of India (RAI) report predicted ecommerce market to grow to $1.2 Tn by 2021.”
Walmart Labs, the local product development division of US retail giant Walmart has acqui-hired Delaware-based data analytics and machine learning startup Int.Ai, its second acqui-hire in India in three months, as it looks to strengthen its engineering team.
In September, Walmart Labs brought the entire team of engineers from Bengaluru-based Appsfly onboard, which built a system for micro apps to get hosted and streamed on any platform.
Globally, acqui-hiring has been used by large companies to get talent in a new domain it looks to test waters. In 2017, Google acquired Halli Labs, a four-month-old startup out of Bengaluru that was developing artificial intelligence and machine learning solutions. Its founder Pankaj Gupta, now heads the internet giant’s Next Billion Users (NBU) team that looks at building technology in emerging markets.
In October, Airtel acqui-hired Authme ID services, an AI-based solution firm to bring in its founders Shardul Shirkant Lavekar and Parth Mudgal into its employment.