Cognizant has acquired a UK-based consultancy firm specialising in AI, ML and data analytics Inawisdom for an undisclosed amount. This is Cognizant’s ninth acquisition in 2020 to expand capabilities in data and artificial intelligence, cloud, digital engineering, and the Internet of Things. It has invested over $1.1 bn this year for acquisitions in these areas. Inawisdom delivers cloud-native, full-stack solutions leveraging an analytics and ML platform built using AWS.
IBM has signed a multi-year contract with IndiGrid to deploy an AI-enabled hybrid cloud solution with Maximo Apps Suite running on IBM Cloud to optimise the quality and utilisation of assets throughout its lifecycle. The deployment will increase productivity, drive efficiency and reduce operating costs. IndiGrid has 11 projects consisting of 28 transmission lines with more than 6,280 circuit km length and nine substations with 11,460 megavolt amp transformation capacity.
Madhya Pradesh’s government has signed an MOU with Nasscom and Microsoft to provide better placement opportunity to engineering and polytechnic students. Students who successfully complete these courses will be given priority during their placements. The course aims to skill all students in AI by delivering Microsoft’s AI, machine learning and data science expertise through different modules — live demos, hands-on workshop, assignments etc.
The UP govt has joined hands with USA’s Austin University for courses in artificial intelligence, machine learning, cybersecurity and data analytics for the state students. The students will get a certificate or degree from the varsity which is recognised in over 65 nations. The course fees will be shared jointly by the university and the UP govt. An MoU between technical education department of UP govt and the Austin University has been signed on Wednesday.
IBM announced new capabilities of IBM Watson to help enterprises scale the use of AI for business. The new capability – Reading Comprehension, FAQ Extraction, Intent classification model, etc – developed by IBM Research are designed to improve AI automation, provide a higher degree of precision in NLP, and develop greater trust in outcomes derived from AI predictions. . Besides, Watson Discovery now includes support for 10 new languages including Hindi.
India has seen the highest increase (45%) in the use of AI as compared to developed countries — the US, UK and Japan, a PwC India report has said. Sectors which have faced the maximum disruption during the pandemic have embraced AI in a more definitive manner — Travel and hospitality (89%), followed by tech, media, telecom (86%), BSFI (82%), and healthcare, pharma (73%). The report is based on global and India-specific survey of 200+ CXOs.
LG Group has established an AI research hub to explore business opportunities and future technologies. The hub, having the participation of LG’s 16 affiliates, will have an investment of $184 mn in the R&D projects and recruitment in the next three years. LG expects the centre to solve business-related problems i.e life expectancy for rechargeable batteries, new drug discovery etc. The hub will hire 100 people by next year and aim to foster another 1,000 AI experts by 2023.
Intel has unveiled a new machine programming research system that can autonomously detect errors in code. The system called ControlFlag trained and learned defects on over one billion unlabeled lines of production-quality code. Software developers, as per experts, spend approximately 50% of the time debugging. It’s estimated that of the $1.25 tril that software development costs the IT industry every year, 50% of it is spent in debugging.
Google India said artificial intelligence alone has the potential to add $ 500 bn to the economy. The technology can help in assisting better forecast of floods and accurate diagnosis of diseases. Google has committed $10 bn for expanding India’s digital footprint. By 2022, UPI transactions will reach the one-billion-a-day mark from around a billion per month at present said Google India Country Manager & VP, Sajay Gupta.