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August seems to be the month of acquisitions, particularly in the Artificial Intelligence (AI) space. Recently, chip giant Intel announced its plans to buy Nervana Systems, close on the heels of iPhone maker Apple’s announcement on the buyout of machine-learning startup, Turi. In recent times, technology companies are teaming up with startups in the field of AI to outdo competition in the space. Intel is strengthening its AI efforts by acquiring the two-year-old San Diego, California-based startup Nervana Systems, which has already grabbed much attention for its machine learning technology....

India’s premier entry-level hiring site, Freshersworld, has created its proprietary which will ensure that hiring entry level graduates becomes an instant process, alongside the job posting. The Relevant Profile Extractor (RPE) will be combining deep learning for interpreting data points such as candidate application history, activity profiling, interest shown for similar jobs, alongside 16 other data points and also compute the ’show’ vis-a-vis ‘no-show’ ratio. This is sure to give intelligence to recruiters for hiring, especially when handling bulk number of resumes for hiring. The RPE ought to bring in...

Panasonic just created a new $10 million budget for its new corporate shopping list in the areas of Artificial Intelligence (AI) and Machine Learning Technologies (MLT). The Japanese technology giant is looking at these two streams as the future beacon of change and development, for its handset business unit which currently faces an immensely competitive market in the country. The $10 million budget has been set aside for either creating joint-ventures with other enterprises, or perhaps even acquiring a few smaller ones. Pankaj Rana, Panasonic’s head of mobility division in...

Diversified businesses in the modern world need an equally diverse and open gamut of solutions for their various business challenges. The need of the hour, or even the minute for that matter, is to connect with the right technology service provider who have the right capabilities and the USPs to solve those problems. In such a scope of work, Ideapoke acts as a platform whereby service providers can showcase their technological capabilities and the consumers (other business entities) can connect for solutions to their Research & Development (R&D) and product...