KT Corp, South Korea’s largest telecommunications company, announced it has signed a strategic cooperation and investment contracts with Hyundai Robotics, to speed up collaboration for digital transformation based on 5G, artificial intelligence (AI) and smart factory. Under the contracts, KT will acquire a 10 percent equity stake in Hyundai Robotics, the leader in the Korean…
San Francisco-based speech recognition technology startup Deepgram recently announced that it has raised an undisclosed amount of investment from In-Q-Tel, the venture capital capital arm of U.S Intelligence community. Post the investment, IQT and its government partners will start testing Deepgram’s transcription technology. Earlier, the startup had raised $12mn in Series A funding round led…
Singapore-based AI Knowledge-Management platform, INTELLEX recently announced that it has raised $2.1 million in a recent funding round. The fundraising was led by China-based Quest Ventures. The funding round also saw participation from Thomson Reuters, Insignia Ventures, K3 Ventures and a Singapore Government backed VC fund. Other early backers of the company include Sim Wong…
Traditional jobs have all been under the fear of getting replaced by the new-age technologies. Automation at manufacturing has already cut several jobs and employee unions worldwide have been vocal about the impact of automation on livelihoods. But organizations have always backed such technologies to reduce manpower cost, increase efficiency and cash on profits. In…
Technology company Datch has secured $3.2 million in seed funding for its “Voice-Visual” AI assistant for industry. The funding round saw participation from Blue Bear Capital as the lead investor, along with support from Stage Venture Partners, Tuhua Ventures, Lorimer Ventures, Predictive Venture Partners, and Plug and Play Ventures. “With industry-leading partners on board from…
AI-based analytics provider startup Arturo, recently announced that it has reached its Series A goal of $8mn. The funding round was led by Crosslink Capital, a leading early-stage venture capital firm based in San Francisco. The round also saw participation from IAG Firemark Ventures, the venture capital fund for IAG, Australia’s largest general insurer. After…
Over 1,750 professionals participated in Simplilearn’s annual survey on ‘Digital Transformation and Future of Tech Jobs in India’. AI, Data Science, and Cloud Computing remain the hottest fields for 2020. Simplilearn, a leading digital skills training provider, published the findings of its annual survey titled ‘Digital Transformation and Future of Tech Jobs in India’. The…
Deeptech startup AjnaLens recently announced that it has raised $1.5mn in Pre-Series A funding round. The funding was led by Maharashtra Defence and Aerospace Venture Fund (MDAVF). Other investors include Mohsin Group and high-net worth-individuals (HNI) like Nailesh Khimji, Chirayu Khimji and Jay Jesrani. It is understood that the company will use these funds to…
Cybersecurity provider Paladion and leader in AI-Driven Managed Detection and Response recently announced that it has won the 2020 Most Innovative AI Solution award presented by Microsoft. Microsoft AI Awards 2.0 is an initiative of Microsoft to encourage innovation in Artificial Intelligence, identify fresh talent, as well as find new solutions for positive change across…
“Introduction of AI at workplaces will also increase the number of working professionals who suffer physical disabilities. AI and emerging technologies will help organizations reduce the barrier to access for these specially-abled professionals.”With the advanced stage innovations being done in the field of Artificial Intelligence (AI), a fear has been looming over the fate of…
Wipro Limited, a global information technology, consulting and business process services company, in collaboration with US-based retail magazine, Retail Info Systems (RIS) have developed a report titled,’Smart Store Strategies for Digitally Savvy, Time-Crunched Shoppers’. The study, based on a poll conducted with senior executives from national and large regional retail organisations, reveals how retailers need…
With this investment, HighRadius becomes the first start-up to become a Unicorn in 2020. The SaaS-based startup is now valued at $1bn. Software as a service or SaaS, based financial start-up HighRadius has recently announced that it has raised $125mn in Series B round funding led by ICONIQ Capital. Existing investors like Susquehanna Growth Equity…
In a wave of resignations, at least 15000 employees have quit Axis Bank in the past few months. The maximum number of resignations came from mid-level to branch level executives. People familiar with the development said that the resignations are because of the new growth drive which employees were struggling to cope up with. According…
Predictions are that 2020 will be a different game altogether for workplaces with different generations working simultaneously in an organization. Elder Generation or Baby Boomers are due for retirement, Gen Xers are eyeing on the leadership roles, millennials are stepping up for senior-level positions and Gen Zers are getting started in this decade. Each of these generations has different expectations related to work and workplaces. Recognizing these expectations and shaping up the workplaces, people processes, business processes to ensure that the cross-generational teams thrive and deliver is crucial for any organization’s success.
Wipro Limited has been recognized as a ‘Leader’ by global research and advisory firm Forrester Research Inc. in its report, “The Forrester WaverM: Al Consultancies, Q3 2019”. The firm evaluated participating companies by researching, analyzing and scoring them on 23 different criteria across three main categories – current offering, strategy and market presence. The report…