The Tech Nexus

How #AI saved lives of 28 elephants in #Odisha In a remarkable instance of artificial intelligence (AI) being used for wildlife conservation, a system developed by the Wildlife Institute of India (WII) and the Odisha government helped save the lives of 28 elephants in Odisha, #India. The system, called "Mission Munroe", uses AI-powered cameras and sensors to detect elephant movements and alert forest officials in real-time, enabling them to take prompt action to prevent human-elephant conflicts. In a recent incident, the system detected a herd of 28 elephants moving towards a human settlement, and alerts were sent to forest officials, who promptly responded by diverting the elephants away from the area, preventing potential conflicts and saving the lives of both humans and elephants. The system has been deployed in several locations in Odisha, including the Chandaka-Dampara Wildlife Sanctuary, and has been successful in reducing human-elephant conflicts in the region. The use of AI in wildlife conservation is being hailed as a game-changer in protecting endangered species and preventing human-wildlife conflicts. #ai #tech #innovation https://lnkd.in/gMpYw27D

Uber is expanding its gig economy model by employing gig workers to label data for its AI models. This initiative aims to enhance Uber's AI capabilities by utilizing a flexible workforce for data annotation tasks. The company believes that integrating gig workers into this process will improve the efficiency and accuracy of its #AI systems. However, this move raises concerns about the working conditions and compensation of these data labelers, as well as the broader implications for labor rights within the gig economy. #ai #innovation #labeldata #tech

OneCard, a #Fintech Startup, Raises ₹71.4 Cr in Latest Funding Round OneCard, a fintech startup that offers a mobile-based credit card, has secured ₹71.4 crores (approximately $9.7 million) in its latest funding round. The investment was led by QRF, a venture capital firm, along with participation from existing investors, including Sequoia Capital, Matrix Partners, and Hummingbird Ventures. OneCard is a mobile-based #creditcard that allows users to apply, get approved, and start using their credit card in a matter of minutes. The startup aims to provide a #seamless and hassle-free credit experience to its users. The startup plans to utilize the funding to expand its team, enhance its technology #infrastructure, and increase its marketing efforts to reach a wider audience. #OneCard has witnessed significant growth since its launch, with over 1 million downloads and a disbursal of over ₹1,000 crores in credit limits. The startup aims to reach 10 million users in the next 12-18 months. "We are thrilled to have QRF on board and are grateful for the continued support of our existing investors. This funding will help us accelerate our growth plans and strengthen our position in the fintech space," said Anurag Sinha, Co-Founder and CEO of OneCard. The funding is significant as it demonstrates the confidence of investors in OneCard's business model and its potential to disrupt the traditional credit card industry.

The top 10 trends shaping the future of IT in 2025, as predicted by IDC. Here's a brief summary of the trends: 1. Digital Infrastructure: By 2025, 70% of organizations will have deployed a digital infrastructure, enabling real-time data-driven decision-making and automated workflows. 2. Cloud-Native Applications: 60% of applications will be cloud-native, allowing for greater agility, scalability, and cost savings. 3. Edge Computing: 40% of organizations will have implemented edge computing, reducing latency and improving real-time processing capabilities. 4. Artificial Intelligence (#AI): AI will be embedded in 50% of all applications, enabling automation, predictive analytics, and decision-making. 5. 5G Networks: 5G networks will reach 30% of global coverage, enabling faster data transfer rates, lower latency, and greater connectivity. 6. Extended Reality (XR): 25% of organizations will have adopted XR technologies, such as augmented and virtual reality, to enhance customer experiences and improve productivity. 7. Autonomous Systems: 20% of organizations will have implemented autonomous systems, enabling self-managing and self-healing IT environments. 8. Blockchain and Distributed Ledger: 15% of organizations will have adopted blockchain and distributed ledger technologies to ensure secure, transparent, and tamper-proof transactions. 9. #Cybersecurity Mesh: 10% of organizations will have implemented a cybersecurity mesh, providing a unified, integrated, and adaptive security framework. 10. Digital Trust: Organizations will focus on establishing digital trust, ensuring the integrity, security, and privacy of data, as well as the trustworthiness of AI systems. These trends are expected to shape the future of #IT and have significant implications for businesses, governments, and individuals. https://lnkd.in/gJTEVa93

Collaborative AI Research Labs Foundation launched in Hyderabad's T-Hub A Collaborative AI Research Labs Foundation was launched at T-Hub, a startup incubator in Hyderabad, India. The foundation aims to bring together academia, industry, and government to promote research and innovation in Artificial Intelligence (AI). The lab will focus on developing AI solutions for various industries, including healthcare, finance, and education. The foundation will provide a platform for researchers, startups, and corporates to collaborate and share resources, expertise, and knowledge to develop cutting-edge AI technologies. The lab will also offer training and skilling programs to develop a talent pool in AI. The initiative is expected to make Hyderabad a hub for AI research and innovation in India. #AIResearch #InnovationHub #Hyderabad #THub #CollaborativeResearch #ArtificialIntelligence #StartupEcosystem #IndiaTech #ResearchAndDevelopment #AIforGood

Fintech firm FIS' profit rises on strong demand for banking solutions FIS, a fintech company, has reported a surge in profit due to strong demand for its banking and payment solutions. The company's revenue increased by 6% to $3.3 billion in the second quarter of 2022, driven by growth in its Merchant Solutions and Banking Solutions segments. FIS' net income rose by 15% to $514 million, beating analyst estimates. The company's strong performance was attributed to the increasing adoption of digital payments and the need for banks to modernize their technology infrastructure. FIS provides payment processing, banking software, and other financial technology solutions to banks, merchants, and investors. https://lnkd.in/gRWKgkbY

The results of a recent poll conducted by TelecomTV highlight the importance of collaboration in achieving success with Artificial Intelligence (#AI) in the #telecommunications industry. According to the poll, a significant 62% of respondents believe that collaboration between telcos, AI vendors, and other stakeholders is crucial for achieving success with AI. This suggests that telcos recognize the value of partnering with external experts to access new skills, resources, and ideas. In contrast, only 21% of respondents think that telcos should develop AI capabilities entirely in-house, while 17% believe that they should rely solely on AI vendors. This indicates that the majority of telcos are aware of the benefits of collaboration and are willing to work with others to achieve their AI goals. By collaborating with AI vendors, startups, and other stakeholders, telcos can accelerate their AI adoption, improve innovation, and reduce costs. However, the poll also highlights some of the challenges associated with collaboration. For example, telcos may be hesitant to share sensitive data and intellectual property with external partners, citing trust and security concerns. Additionally, integrating AI solutions from multiple vendors can be complex and time-consuming. Finally, telcos may need to adapt their organizational culture to accommodate collaborative approaches. Despite these challenges, the poll results suggest that collaboration is essential for telcos to succeed with AI and achieve their digital transformation goals. #telecom #ai #aiintelecom #5g #telcos #services Source: TelecomTV

#Bengaluru Traffic Police Aims to Switch to #AI-Powered Traffic Signals Across the City in Coming Days. In a bid to reduce congestion and improve traffic management, the Bengaluru Traffic Police is planning to replace traditional traffic signals with AI-powered ones across the city. The new system, which uses artificial intelligence and machine learning algorithms, will analyze real-time traffic data to optimize signal timings and reduce waiting times at junctions. This move is expected to significantly reduce traffic congestion and improve the overall commuting experience for citizens. With this innovative approach, Bengaluru is set to become a model for other cities in India to follow.

Google has launched an AI-powered shopping platform that offers a range of innovative features to enhance the online shopping experience. The platform uses machine learning algorithms to provide users with personalized product recommendations based on their search history, browsing behavior, and purchase history. One of the key features of the platform is its virtual try-on capability, which uses augmented reality (#AR) technology to allow users to see how clothes would look on them without having to physically try them on. This feature is expected to revolutionize the way people shop online, making it easier for them to make purchasing decisions. In addition to personalized recommendations and virtual try-on, the platform also offers a range of other features to make online shopping more convenient and informed. For example, users can compare prices and features of different products across various retailers, read product reviews from multiple sources, and create and manage shopping lists. Google has partnered with several major retailers, including Target, Walmart, and Home Depot, to offer a wide range of products on the platform. The company plans to expand its partnerships to include more retailers in the future, making the platform a one-stop shop for online shoppers. The AI-powered shopping platform is currently available in the United States, with plans to expand to other countries in the future. With its innovative features and personalized approach, the platform is expected to change the way people shop online, making it easier, more convenient, and more enjoyable. ##GoogleShopping #AIPoweredShopping #VirtualTryOn #ai #PersonalizedRecommendations #EcommerceInnovation #OnlineShopping #RetailTech #ArtificialIntelligence #MachineLearning #AugmentedReality #ShoppingPlatform https://lnkd.in/gYn_DV-e

SAP has invested S$12 million in its Digital Innovation Accelerator in Singapore to promote the adoption of Business Artificial Intelligence (#AI) among local businesses. This investment is a significant step forward in driving AI adoption in #Singapore and supporting innovation and digital transformation among local businesses. The accelerator aims to provide access to SAP's AI and machine learning capabilities, as well as its network of experts and partners. This will enable businesses to harness the power of AI and machine learning to drive growth and competitiveness. The accelerator will also foster collaboration between #SAP, partners, and customers to develop new AI-powered solutions. The accelerator is expected to contribute to Singapore's goal of becoming a leading hub for AI innovation and development. It will support the growth of local businesses and create new job opportunities in the field of AI and machine learning. This investment demonstrates SAP's commitment to supporting the growth of the Singaporean economy and driving innovation in the region. Overall, SAP's investment in the Digital Innovation Accelerator is a significant step forward in promoting the adoption of Business AI in Singapore. The accelerator has the potential to drive growth, innovation, and competitiveness among local businesses, and contribute to Singapore's goal of becoming a leading hub for AI innovation and development. https://lnkd.in/eniHsmeU