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Schoolboy ‘tyrelessly’ produces bio-fuel

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GURUGRAM, April 5: Anubhav Wadhwa, a 17-year-old boy well known for his green ventures has started “Tyrelessly” which recycles used tyres to produce bio-fuel and other by-products.

Tyrelessly will feature in the report selected by an expert advisory panel led by Jeffrey.

“Youngsters are contributing to sustainable development but they face challenges that prevent them from realising their full potential. These challenges include the lack of visibility, limited access to finance, and the lack of training and technical support,” said Siamak Sam Loni, Global Coordinator of SDSN Youth.

The report will help investors, donors and supporters better understand the multi-faceted role of young people in sustainable development and give them additional opportunities to showcase and scale their work, he added.

Wadhwa, CEO & founder, Tyrelessly, said his aim is to encourage people to donate their used tyres for responsible disposal or energy recovery. “Our goal is to inspire smarter choices for a sustainable future and I believe that individual actions, such as recycling and adopting greener ways to dispose, can add up to a big impact for the planet,” he added.

TOI had earlier reported that Wadhwa, had founded Tyrelessly, his third green venture at the age of 16. All one needs to do is to log into Tyrelessly web platform and click on the option ‘Tyreless’, following which the team sends their truck to pick up the tyres from one’s doorstep and sends the same for recycling.

Wefornews Bureau

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Artificial Intelligence start-ups blossom in India, need big dollars to grow

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Artificial Intelligence

New Delhi, Sep 8: A decade ago, Artificial Intelligence (AI) was unknown to many of us mortals. Lately, however, AI and related buzzwords like Machine Learning (ML) or Big Data Analytics are more visible — staring at us from clumsy signage boards hanging at the entrance of private IT training institutes.

The bare fact is that this new category of intelligence is undoubtedly diversifying human thinking rather than replacing it as some of us fear. The technology, especially the conversational one, has shown tremendous potential — the banking, financial services and insurance (BFSI) sector being the early adopter.

Sensing the immense opportunity ahead, nearly 200 AI start-ups in India are today innovating and creating AI-based solutions for various industries.

Chatbots are slowly becoming the default customer support solution for most services and Mumbai-based Haptik is one such AI-based platform — building applications for consumers, publishers and enterprises.

Having grown 10 times in revenue in just one year, its partners and clients include Coca-Cola, HDFC Life, Samsung, Edelweiss Tokio, Goibibo, Amazon Pay, ClubMahindra, ICICI Bank and Tata Docomo, among others.

According to Kartik Poddar, Business Head, Haptik, they are amazed as well as encouraged by industry’s response and awareness regarding AI technologies in the country.

“The days of concept-selling are over and organisations are deploying AI tech for real use-cases within their businesses, with substantial knowledge regarding its general capabilities and purpose-oriented utility,” Poddar told IANS.

More than 50 per cent of Indian retail companies will be operating on AI by 2020, said PeopleStrong, a Software-as-a-Service (SaaS) HR technology and solutions company.

According to an Accenture analysis, AI has the potential to add $957 billion to India’s economy in 2035.

“We are just scratching the surface of the possibilities and applications of AI in business. There is huge demand and a lot of open source tools are available for start-ups to use and build interesting applications on,” informed Poddar.

For Arun Gupta, Chief Executive Officer at MoMagic Technologies — an AI and Big Data-driven mobile tech firm — India is currently witnessing an all-time high and growing online user base, especially the millennials.

The abundance of data and increased need of its error-free analysis has forced companies to turn towards technologies like AI, resulting in more and more start-ups diving into AI-driven business offerings.

According to Gupta, the digital wave is bringing in a behavioural change and technologies like AI and ML play a key role in analysing that change via the data captured

“In a country like India, with its huge population and vastly diverse demographic spread and customers available on multiple connected devices, AI today presents a big opportunity for businesses across sectors,” Gupta told IANS.

The cost of building AI-powered experiences has been reduced with disruptive technologies being democratised.

Poddar said that companies are mandated to work with innovative start-ups to develop and implement AI-driven solutions to meet specific business challenges.

“We have seen some really interesting AI applications in retail, e-commerce, healthcare, travel and banking, etc. Even the government sector has warmed up to incorporating AI-driven solutions in various public sector initiatives,” the Haptik executive told IANS.

Pune-headquartered digital entertainment firm JetSynthesys is not only developing in-house technology for AI in gaming but also scouting opportunities for new AI start-ups which can address various problems in India.

“Adoption of AI is definitely on the rise so there is space for the right start-up. Also, start-ups in India need to benchmark against global activity in this space which has also heated up significantly in the past two years,” noted Rajan Navani, MD and CEO, JetSynthesys.

According to him, manufacturing, media and entertainment, logistics, urbanisation and smart cities — along with education and healthcare — will benefit significantly from adoption of AI in the country.

A new Tata Communications study says AI is now being viewed as a new category of intelligence that can complement existing categories of emotional, social, spatial and creative intelligence.

“What is transformational about multiplicity is that it can enhance cognitive diversity, combining categories of intelligence in new ways to benefit all workers and businesses,” said study co-author Vinod Kumar, CEO and Managing Director at Tata Communications.

The seeds of AI are being sown in India and start-ups await big financing deals and dollars from venture capitalists which helped neighbouring China harbour one of the biggest clusters of AI start-ups in the world, after the US.

“Big industry players that have the financial strength and business experience to invest in AI research and development typically lead the strategic charge on global competitiveness for their country,” the Accenture analysis noted.
Will they take cognizance of the thriving Indian start-up scene in AI which has the potential to “innovate” for the world?

IANS

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2 Indian start-ups listed for Google’s ‘Launchpad Studio’ programme

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Mumbai, Sep 6: Mumbai-based m.Paani and Gurugram-based Aye Finance have been listed in 10 companies selected globally by Google for its flagship development acceleration programme “Launchpad Studio”.

The “Launchpad Studio” programme brings top machine learning (ML) and Artificial Intelligence (AI)-based startups from across the world and experts from Silicon Valley under the guidance of Google researchers, engineers, product managers and trusted experts.

m.Paani is India’s first neighbourhood loyalty platform that focuses on empowering India’s local retailers and users using ML and AI.

The start-up rewards consumers with “m.Paani points” when they shop from local retail partners across categories and help retailers grow their businesses by digitising, optimising and maximising their relationships with existing and new customers, it said in a statement on Thursday.

“We are incredibly excited to be a part of the Google Studio programme, especially as the youngest company,” said Akanksha Hazari Ericson, CEO and Founder, m.Paani.

Aye Finance is a non-banking finance company (NBFC) that provides business loans to the small and micro enterprises and builds solutions, automation and processes that address the challenges that have hindered the classical financial industry.

The “Launchpad Studio” programme commenced from September 6 at Google’s headquarters in San Francisco and will last for a period of four months.

IANS

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Google Launchpad Accelerator India shortlists 10 startups

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New Delhi, Aug 31: Google on Friday announced the first batch of 10 short-listed startups who will be part of its “Launchpad Accelerator” mentorship programme in India.

The inaugural class will begin on September 10 at the Google office in Bengaluru.

The startups will go through a two-week intensive mentorship boot camp, followed by customised virtual support for the remaining duration of three months, the company said in a statement.

“The shortlisted startups are doing incredible work in areas ranging from, enhancing employability and earning-abilities of the blue-collar workforce to using satellite imagery to support farmers’ decision making process,” said Paul Ravindranath G, Programme Manager, Google India.

Among the selected startups is CareNx — a smartphone-enabled fetal heart monitor for early detection of fetal asphyxia.

“Vassar Labs” uses sensors, satellite and crowd-sourced data to provide decision-making support in sectors such as water, agriculture, education and more.

Wysa is an AI-based chat therapy for mental health while MultiBhashi is a simplified language learning platform for blue-collar workforce and “Next Billion Indian” online users.

“Genrobotics is a semi-automatic robot for manhole cleaning directed to bring the practice of manual scavenging to an end in India,” said Google.

OliveWear is a connected health ecosystem of doctors to give personalised maternal care to pregnant women.

Signzy ensures digital trust using AI and Blockchain to provide smart e-verification and risk prediction.

A software platform, SlangLabs helps build multilingual voice interfaces for mobile apps, which enable app interactions via voice in addition to touch.

ten3THealthcare is an early detection system for preventable clinical adverse events by monitoring real time, remote, and continuous vital signs of patients.

Uncanny Vision is focused on vehicle analytics, people analytics and object analytics using AI-based Deep Learning models.

“We are hopeful that with this programme of ours, we will be able to bring best of Google — our expertise, platforms, tools and core strengths including machine learning and AI, to help Indian startups build, scale and grow their offering,” said Ravindranath.

Launchpad Accelerator India, which opened applications in July, is based on Google’s global Launchpad Accelerator programme.

IANS

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