IIIT-Hyderabad First Indian University to Receive Alexa Graduate Fellowship for 2018-19 by Amazon

Science, Technology

Fellowship makes it easier for students and researchers to get involved with voice technology

 

IIIT-Hyderabad has received the Alexa Graduate Fellowship for 2018-2019, making it the first Indian university among a list of 18 universities worldwide to receive this fellowship.

The Alexa Fellowship supports advanced conversational AI research by providing funding and mentorship to PhD and post-doctoral students. These students, under their faculty advisor’s leadership and with additional guidance from their Alexa AI mentor, will push the boundaries of the capabilities of spoken language systems.

Prof. C V Jawahar, who has been chosen as the Faculty Advisor, along with Alexa Graduate Fellow Praveen Krishnan, a senior graduate student of IIIT-H, will teach conversational AI to undergraduate and graduate students using the Alexa Skills Kit (ASK) and Alexa Voice Services (AVS). Students will be introduced to the science behind voice technology via hands-on projects and labs.

Speaking on the Fellowship, Prof C V Jawahar, Head, Centre for Visual Information Technology (CVIT) and Amazon Chair said, “IIIT-H is happy to be chosen as the first Indian institute to qualify for the Amazon Alexa Fund Fellowship. We’re looking forward to sharing our research on speech and language technologies with Amazon.”

IIIT-Hyderabad is the only Indian institute to receive Fellowship based on a number of criteria including its research interests, planned coursework and existing conversational AI curriculum. The other universities include Carnegie Mellon UniversityJohns Hopkins University, MIT App Inventor, University of Cambridge, University of SheffieldUniversity of Southern California, University of Texas at AustinUniversity of Washington, and University of Waterloo.

Paul Bernard, Director of the Alexa Fund, said, “We want to increase the quantity and quality of students focused on advancing spoken language systems, and conversational AI is usually under-represented amongst general AI/ML fields. With the Alexa Fellowship, we hope to see more innovation in the fields of machine learning, speech science and natural language understanding from students at IIIT-Hyderabad.”

AntWorks™ Announces Series A Funding With Strategic Investment by SBI Holdings, Inc.

Technology

A SBI Group and AntWorks™ Joint Venture also Announced to Target Opportunities in the Asian Region

AntWorks, a leading Artificial Intelligence (AI) and Intelligent Automation products and solutions company, today announced their Series A funding with a $15 millioninvestment by SBI Investment Co., Ltd., a subsidiary of SBI Holdings, Inc., which conducts investments and management of venture capital funds, at an undisclosed valuation. This investment will provide AntWorks with an impetus for their next level of growth in Artificial Intelligence & Enterprise RPA, fuel R&D, strengthen their marketing and sales engine, and energise their foray into newer markets.

In addition, in an unusual show of commitment, a joint venture between SBI and AntWorks was also announced to tap the tremendous opportunities in the emerging AI space in South East Asia.

Fuelled by cognitive automation and machine-learning capabilities, AntWorks delivers industry-best RPA – that’s powered by AI – using its ANTstein™ platform to enterprises of all sizes. AntWorks provides a unique code-free RPA product and its one-of-a-kind Cognitive Machine Reading (CMR) engine – that is very rapidly replacing OCR – is the most critical component to any Automation, RPA or digitisation journey for enterprises as it ingests any data type – Structured, Unstructured, Inferred, or Image data.

Asheesh Mehra, Founder and Group CEO, says, “When Govind Sandhu and I started AntWorks with a small, passionate group of people, the dream was to create a company that would serve as a catalyst for enterprises on their digitization journey. SBI Holdings reposing this faith in us with both the investment and the joint venture is a validation and an opportunity to grow and come into what we have always believed AntWorks can be – a true leader forging a new path, reimagining business as usual. Today I feel pride in our team who have worked so tirelessly and gratitude towards SBI Holdings and towards every employee, partner, analyst and well-wisher who has been on this journey with us. May we remain fresh in our approach, fearless in embracing change and fast in learning, adapting and delivering on everything we stand for as AntWorks.”

As a relatively new entrant, AntWorks has already made a global impact in the space and is consistently benchmarked against competitors who have been in the space for far longer. The AntWorks differentiator is in bringing together all three pieces of the Automation puzzle, effortlessly and under one umbrella – Data Ingestion, RPA, and Artificial Intelligence.

“AntWorks’ has risen through the ranks of global RPA, Automation and Artificial Intelligence companies with a ferocity that’s unprecedented in the industry. We are excited with the possibilities of ANTstein™ and look forward to their growth in the Asian region through our joint venture, as well as globally,” said Mr. Yoshitaka Kitao, Representative Director, President, and CEO of SBI Holdings, Inc. “SBI Group is actively involved in introducing RPA solutions to financial institutions in Japan and strongly believes in the future of this field.”

Highlights of AntWorks’ capabilities, enterprise automation solutions, and business growth:

• Providing solutions for about 450+ customers and with a presence in 4 continents, AntWorks is building a business that works with a diverse range of verticals and creates unique Deep Automation™ solutions for every industry.
• Their intelligent automation platform – ANTstein[TM]has made an impressive debut with its user-friendly interface, code free RPA environment, intuitive ML (Machine Learning), & NLM (Natural Language Modelling) capabilities.
• ANTstein™ is unmatched in the industry for both its deep automation capability and its ability to meet diverse AI requirements across industries.
• AntWorks’ advanced capabilities in AI, NLP, and NLM, allow training of BOTs which are proficient and highly accurate while performing higher-value tasks.
• In a marketplace that is growing at 10X multiples, AntWorks has the only end-to-end automation offering in the market built using the fundamentals of fractal science.
• AntWorks has performed at an annual revenue growth in 3-digit multiples.
• Analytics Insight included AntWorks in their annual report of the 10 most innovative companies in Machine Learning for July 2018. They were also awarded the IDC Digital Disruptor of the Year for 2017 apart from a number of other accolades and analyst mentions over the last 18 months.
• SQUARE, the new RPA product release, is slated for Q4 of this calendar year and details will be released closer to launch.

“With this investment we will work together with SBI Group to bring end-to-end, AI-based Enterprise RPA to the globe in a way not done before. Our goal is to empower enterprises in emerging markets like PhilippinesIndiaChina, etc. – by unleashing the limitless potential of Machine Learning and Cognitive Automation,”  says Govind Sandhu, Co-Founder and CFO, AntWorks.

“The funding that we have received and the repute of our investors will only bolster our efforts to forge ahead. Our ANTstein[TM] platform will be leveraged to automate administration and augment human judgement, creating new criteria for success: collaboration capabilities, information sharing, experimentation, learning, and decision-making effectiveness. I am excited about this investment from SBI Group and I welcome them to the board as their contribution will be game-changing, for us at AntWorks and for the industry at large,” says Asheesh Mehra in his closing remarks.

Artificial Intelligence (AI) and Internet of Things (IoT) Becoming Biggest Influences on Tech Industry

Technology

Artificial Intelligence (AI) and Internet of Things (IoT) influence on MESH technology are a few of the hottest topics in all of the expansive and volatile technology industry landscape. As these innovative and cutting edge technologies fuse together experts in the market are forecasting exponential growth over the next seven years while revolutionizing everyday products with amazing potential. Grand View Research projects the wireless mesh network alone will be worth north of $11 billion globally by the year 2025. One of the significant factors driving market growth is the variety of applications across multiple industries for these platforms, ranging from traditional business projects to emergency services. The inclusion of IoT and AI are expected to expedite the process, allowing for more efficient and effective operations of MESH applications and networks. Active tech companies in the markets this week include Gopher Protocol Inc. (OTC: GOPH), Microsoft Corporation (NASDAQ: MSFT), Intel Corporation (NASDAQ: INTC), Micron Technology Inc. (NASDAQ: MU), Cree Inc. (NASDAQ: CREE).

Gopher Protocol Inc. (OTCQB: GOPH) BREAKING NEWS: Gopher Protocol, a company specializing in the creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, is pleased to announce that it has completed the first phase of its Decentralized MESH system architectural functionality simulation. These simulations tested Gopher’s unstructured MESH network, performing node and gateway communication scenarios while observing timing and performance. The team was able to successfully simulate “node to node” and “node to gateway” network communication, within a defined range.

A wireless mesh network is a communications network made up of radio nodes (telephones or other connected devices) organized in a mesh topology (random dispersion across a given area). MESH refers to rich interconnection among devices or nodes. Wireless mesh networks typically consist of mesh clients(users) and gateways (internet access points). The Gopher Decentralized MESH network will be a mobile network, which adds additional complexity as the nodes move frequently. The main challenge of developing Gopher’s MESH network is updating routes of data considering that nodes are moving within the MESH. Managing these nodes is achieved by our time division based electronic hardware combined with Gopher’s Avant! Artificial Intelligence engine that is cognitively learning about the dynamic GEO locations of nodes and gateways in order to control the unstructured mesh network.

“This is a very significant stage for us” stated Danny Rittman, Gopher’s CTO. “We successfully conducted a node hopping simulation which we believe is one of the key technological hurdles in creating a MESH network. In addition, we also performed “node to gateway” communications and multiple “node hopping” all the way to a gateway. The results were successful for a defined range and beyond. We are now constructing testing boards to further analyze the technology in order to identify methods of improvements and advancements.”

“We are also working on our Avant! AI engine, providing it with the mathematical knowledge with the goal of developing it to a point to control the entire system. Unstructured networks are particularly difficult to control without the involvement of highly mathematical models and algorithms” continued Dr. Rittman. Gopher believes the development of a mesh network and technology is crucial to the creation of a communications network that disrupts the incumbent Internet and data providers that are the gatekeepers of communication access for the developed world. Gopher intends to bring connectivity to the hundreds of millions that cannot easily afford the current global cost of connectivity and to make the rapidly growing internet of things more affordable for all. Read this and more news for GOPH athttp://www.marketnewsupdates.com/news/goph.html 

Other recent and current developments in the tech industry include:

Microsoft Corporation (NASDAQ: MSFT) recently announced a strategic partnership to deliver new technology developments and go-to-market initiatives that accelerate enterprise AI and IoT application development. As part of this partnership, the companies will create a “better together” solution, comprising the C3 IoT Platform™, a low-code, high-productivity PaaS for scaling AI and IoT across enterprises, fully integrated to operate on Microsoft Azure. C3 IoT will leverage Microsoft Azure as a preferred cloud platform and tap into the power of its intelligent capabilities. The companies will conduct co-marketing and co-selling strategies that rapidly scale distribution globally, as well as intensive training for dedicated teams to speed customers’ time to value. Close collaboration between Microsoft and C3 IoT will help enable customers to more rapidly develop and deploy AI-based applications for transformative use cases, such as AI predictive maintenance, dynamic inventory optimization, precision healthcare and CRM.

Intel Corporation (NASDAQ: INTC) recently issued an editorial by Naveen Rao, vice president and general manager of the Artificial Intelligence Products Group at Intel Corporation. This is an exciting week as we gather the brightest minds working with artificial intelligence (AI) at Intel AI DevCon, our inaugural AI developer conference. We recognize that achieving the full promise of AI isn’t something we at Intel can do alone. Rather, we need to address it together as an industry, inclusive of the developer community, academia, the software ecosystem and more. So as I take the stage today, I am excited to do it with so many others throughout the industry. This includes developers joining us for demonstrations, research and hands-on training. We’re also joined by supporters including Google*, AWS*, Microsoft*, Novartis* and C3 IoT*. It is this breadth of collaboration that will help us collectively empower the community to deliver the hardware and software needed to innovate faster and stay nimble on the many paths to AI. Indeed, as I think about what will help us accelerate the transition to the AI-driven future of computing, it is ensuring we deliver solutions that are both comprehensive and enterprise-scale. This means solutions that offer the largest breadth of compute, with multiple architectures supporting milliwatts to kilowatts. Enterprise-scale AI also means embracing and extending the tools, open frameworks and infrastructure the industry has already invested in to better enable researchers to perform tasks across the variety of AI workloads. For example, AI developers are increasingly interested in programming directly to open-source frameworks versus a specific product software platform, again allowing development to occur more quickly and efficiently.

Micron Technology Inc. (NASDAQ: MU) came to a close up .61% on Monday afternoon with a volume north of 63.3 million. In the news: Micron Technology Inc., the largest U.S. maker of memory chips, is benefiting from “exploding” data consumption that’s helping smooth the boom-to-bust cycles of growth the industry experienced in the past, Chief Executive Officer Sanjay Mehrotra said. Demand from data-center operators and new artificial intelligence computing have “muted” fluctuations in the need for memory chips while supply increases have become more measured due to the increased technological complexity of improving manufacturing, Mehrotra said in an interview in New York on Tuesday. “All of these trends really point to a structural change and healthy fundamentals for the industry,” Mehrotra said. “We see a stable environment.”

Cree Inc. (NASDAQ: CREE) recently announced it is expanding its SmartCast Intelligence Platform™ to include connected wireless capabilities that enable smart building solutions, such as building automation and control network (BACnet) connectivity, advanced lighting control, and building analytics. In addition, Cree announced a new collaboration with Synapse Wireless, Inc. (“Synapse”) to deliver intuitive, intelligent lighting control designed specifically for outdoor area and high-bay applications. Together, these platform enhancements deliver connected solutions to more customers and applications, such as complete campus and industrial settings, while making it easier than ever to upgrade existing buildings to intelligent lighting systems.

Artificial Intelligence is Projected to Have a Strong Impact on Global GDP

Technology

Artificial intelligence (AI) is expected to transform the productivity and GDP potential of the global economy. According to a report by PWC, strategic investment in different types of AI technology is needed to make that happen. PWC’s research shows that 45% of total economic gains by 2030 will come from product enhancements, stimulating consumer demand. This is because AI will drive greater product variety, with increased personalization, attractiveness and affordability over time. AI could contribute up to $15.7 trillion1 to the global economy in 2030, more than the current output of China and India combined. Internet of Things Inc. (OTC: INOTF), Seven Stars Cloud Group, Inc. (NASDAQ: SSC), Pure Storage, Inc. (NYSE: PSTG), Cray Inc. (NASDAQ: CRAY), Vonage Holdings Corp. (NYSE: VG)

The AI sector is very diverse. From the most influential products and divisions in AI are digital assistants, chatbots and machine learning. PWC indicates that, “the impact on productivity could be competitively transformative – businesses that fail to adapt and adopt could quickly find themselves undercut on turnaround times as well as costs. They stand to lose a significant amount of their market share as a result. However, the potential of this initial phase of AI application mainly centers on enhancing what’s already being done, rather than creating too much that’s new.”

Internet of Things Inc. (OTC: INOTF) also listed on the TSX Venture Exchange under the ticker (TSX-V: ITT). Last week the company announced breaking news that, “Is pleased to provide a corporate update detailing its recently accomplished milestones and current growth initiatives. Appointment of President & COO – IoT Inc. recently announced the appointment of James Sutcliffe as President & COO. Mr. Sutcliffe will oversee operations, investee companies and merger & acquisition opportunities.

Mr. Sutcliffe brings more than 20 years’ experience in global operational and financial leadership. Earlier in his career, he was as a key member of a management team that grew a Fortune 150 Tier 1 automotive supplier’s Asian operations ten-fold. During this time, Mr. Sutcliffe held senior corporate development, finance and executive management roles. Spearheading entry into new markets in Asia, he was instrumental in guiding start-ups and acquisitions in ChinaIndia and Korea.

Mr. Sutcliffe commented, “IoT Inc. is at a critical inflection point given its growth opportunities in Asia and North America. I am excited to leverage my relationships and operating experience as the company pursues very compelling and complementary accretive acquisitions.”

Corporate Repositioning: The Company has developed a new website designed to encourage investor signups and inbound business opportunities and enhanced marketing collateral including a new corporate presentation. In addition, IoT Inc. has signed up to participate in investor focused conferences over the next few months to raise awareness. This corporate repositioning reflects the new strategic vision of the Company and will serve as the foundation to expand its strategic plan to acquire and operate growth-ready technology companies.

Equity Financing: After the original public announcement of a private placement financing in December 2017, the Company closed an over-subscribed funding round of $2,300,000. This working capital provides a sufficient runway to continue execution of its long-term corporate growth strategy and to pursue strategic acquisitions.

Portfolio Company Updates: Weather Telematics Inc. The Company announced that it has entered into a letter of agreement to acquire Weather Telematics Inc. (“WTX Inc.” or “Weather Telematics”), a data science company offering real-time advanced AI-based predictive road condition weather analytics for safer, connected and autonomous transportation. For further details read the May 14, 2018 press release. Weather Telematics recently announced a partnership with Teletrac Navman, a global software-as-a-service provider that leverages location-based technology for GPS tracking solutions, to provide dynamic weather data including a real-time view of hazardous road conditions to the DIRECTOR® fleet management platform.

New Hope IoT Intl. Inc. (or the “JV”) – Management is pleased with the progress that continues to be made with factory automation initiatives as IoT Inc. expands its presence in Greater China. The JV continues to make headway with artificial intelligence in China and pending the closing of WTX Inc., the Company will look to leverage their unique data and technology by integrating it into its manufacturing process optimization platform to turn traditional manufacturing operations into smart industrial IoT enabled facilities.

BLOCKStrain Technology Corp.(“BLOCKStrain”) – The Company made a strategic investment in BLOCKStrain Technology Corp. (TSX-V: DNAX). BLOCKStrain delivers a secure and immutable blockchain platform to establish global certainty for cannabis strains and their ownership. BLOCKStrain closed a non-brokered private placement raising gross proceeds of $10,500,000, and also completed its go public transaction earlier this week. Based on yesterday’s closing price of BLOCKStrain, IoT Inc’s position in the company is worth more than 250% of its original investment. The Company is in discussions with BLOCKStrain and is evaluating how to deploy and leverage its strategic technology applications into the BLOCKStrain ecosystem.

About Internet of Things Inc. – Internet of Things Inc. is a strategic investor in growth-ready companies with innovative technology solutions. The Company creates value through its portfolio companies’ expertise in the IoT, AI and Blockchain solutions, by turning data into actionable intelligence to drive more efficiency into organizations. The Company has a joint venture partnership, New Hope IoT Intl Inc., with New Hope Data Technology Co. Ltd. Internet of Things Inc. also has strategic investments in Braingrid Corp. and Blockstrain Technology Corp. and has its headquarters in Toronto, Canada.”