Nokia and Vodafone have launched a service that detects and remediates network anomalies. The service, running on the Google cloud, is an ML-powered product that is expected to detect 80% of Vodafone’s mobile network issues. The product is released across Vodafone’s 60,000 4G sites in Italy and will soon be available to telco’s 5G and core networks. By 2022 the service is set to roll out to all European markets.
SoftBank Group has decided to ease out jobs at the global robotics business and also stop the production of its Pepper robot. The company is downgrading its targets in robotics. Pepper’s production had been reportedly halted last year and would be costly to restart. Only 27,000 pieces were made. Half of its 330 staff members in France will be lay]id off by September. The number of employees has been halved in the US and Britain while staff in Japan have been redeployed.
Rakuten Mobile announced plans to partner with Cisco to use their technology in 5G and IoT services. Rakuten is the first company to deploy network-based Open RAN tech that uses software to run network functions on the cloud, reducing the requirement for physical equipment. The tech will help Rakuten to make its entire network automated, reduce latency, and lower power consumption.
As face-to-face interactions have reduced, AI found its maximum usage in automated customer service agents in India in 2020. Fraud analysis and investigation, IT automation, recommendation system, and diagnosis and treatment were other fields excelling with AI. Businesses have started to restructure strategies and adapt to the new age of technology. The BFSI sector was on top for spending on AI with a 29% share in the year 2020.
GMR Hyderabad International Airport, to improve passenger experience and reduce wait time, implements Queue Management Systems combining IoT security cameras and AI video analytics in collaboration with AllGoVision Technologies. The advanced video analytics platform analyses the video feed from cameras and uses Deep Learning-based AI models to accurately estimate passenger statistics and help in reducing wait time for a quality experience and safety in COVID times.
Cloud-based analytics company Cloudera Inc private will be acquired by equity firms KKR and CD&R for $4.7 bn. As the demand for cloud-based services has grown, tech giants like Google, Amazon are looking to provide services like Cloudera. The largest investor of Cloudera is activist investor Carl Icahn who holds about 17.8% of Cloudera’s total shares. The deal is to be completed in the latter half of the year with a 30-days “go-shop period”.
Tesla’s Model 3 or Model Y cars will be monitored by in-car cameras when in autopilot mode. The new feature was added with a new software update, which gives the user an option to share the data or store it locally. Elon Musk, in a tweet, said that radars were not being used, instead, in-built cameras will keep track when on autopilot. There is much speculation regarding driver safety around in-car cameras as Tesla has lost its “Top-Pick” status from consumer reports.
The all-new Hyundai Ioniq 5 will be released with a bunch of new features that include an in-car payment system. Drivers can make payments for EV charging, food, and parking using the system. Dominos, ParkWhiz, and ChargeHub are the partnering companies. The new feature can be operated using BlueLink which requires a paid subscription. Blue Link can connect to the user’s Google assistant feature on phone to send info to the car. The subscription prices are still undisclosed.
Mike Mayo, a Wells Fargo analyst, has predicted that US banks will cut off 200,000 jobs in the next 10 years to increase efficiency and productivity. He says that low-pay jobs are the ones on the edge. In a 2019 Wells Fargo report, financial firms spent over $150bn annually where 50% was employee compensation. Mayo said that 1 in 3 employees will be dropped with the rise of robots. Jobs in the sales, tech, advising, and consulting sectors will be less affected.