LG Teams up with Microsoft to Accelerate Autonomous Vehicles Business

LG Electronics is planning to grow its autonomous vehicle and infotainment system business by leveraging Microsoft's Azure cloud and Artificial Intelligence (AI) technologies. The Korean company will apply Microsoft's AI knowledge to its Advanced Driver Assistance Systems (ADAS), Driver-Status Monitoring...

AI Offers $340-Billion Cost-saving Opportunity for Retailers: Study

The study observes that retailers deploying Artificial Intelligence were eight times more likely to be working on high-complexity projects than ‘quick win’ projects that are easier to scale. The use of Artificial Intelligence (AI) offers multi-billion dollars of cost-saving opportunity...

Wipro Partners with Rockwell Automation to Create Automation Solutions for Industries

The company is targeting to achieve $100 million in next five years in industrial automation revenue Wipro Infrastructure Engineering (WIN), a part of Wipro, has signed an agreement with the US-headquartered Rockwell Automation to tap the emerging industrial automation market. As...

Wipro Opens Innovation Hub in Detroit to Develop Connected Vehicle Solutions

Wipro aims to further improve connected vehicle technologies with In-vehicle Human Machine Interface, on-board sensor data management, big data insights and end-user mobile apps for delivering personalized driving or mobility experiences  Wipro has opened an innovation centre at Detroit in...

AI to Impact Mainly Automotive, Retail, Transportation Companies

Although there will be more intense competition among companies in terms of application of AI, market analysts say potential benefits far outweigh the threats Market research analysts have predicted that companies in the automotive, aerospace and defense, and retail sectors...

MG Motor India Partners with Cisco, UNLIMIT to Develop Connected Mobility Enabled Vehicles

The value of the connected mobility market could reach the size of $3 Billion USD by 2020 in India, reveals an industry white-paper report released by MG Motor India. MG Motor India on Friday announced its partnership with leading...

Ericsson Signs 5-yr Connected Vehicle Cloud Worldwide Deal with Volvo Cars

Ericsson Connected Vehicle Cloud platform will further enhance Volvo Cars’ connected services by removing complexity in areas such as data legislation and storage management Ericsson will provide its industrialized Ericsson Connected Vehicle Cloud (CVC) platform to Volvo Car Group (Volvo...

Rockwell Automation Plans $15 Mn Investment in Bengaluru Unit

Rockwell Automation plans to set up a new lab with a focus on smart manufacturing and product designing to ramp up its Bengaluru centre Industrial automation company, Rockwell Automation will invest around $ 15 million to develop its Bengaluru centre....

Robotic Process Automation Firm Automation Anywhere raises $300 mn Funding

The funding as claimed by the company will help in delivering advanced RPA to the market, and will also enable it in taking Artificial Intelligence (AI) to millions Automation Anywhere, a provider of robotic process automation (RPA) announced that it...

BlackBerry to Buy Cybersecurity Firm Cylance For US $1.4 Billion in Cash

California-based Cylance is a pioneer in applying artificial intelligence, algorithmic science, and machine learning to cybersecurity software BlackBerry Limited has entered into a definitive agreement to wholly acquire Cylance, an artificial intelligence and cybersecurity company, for US $1.4 billion in...

R&D Head Jia Li Leaves Google Cloud AI, May Start Own Company

Chinese media reports that Li may start her own AI company, and she aims to bring machine learning solutions to the healthcare industry Google Cloud AI’s Jia Li has left her position as head of research and development (R&D) with...

Mphasis Acquires DevOps Automation Services Specialist Stelligent

Mphasis Stelligent will boost Mphasis’ capabilities in DevOps and Containerization and enhance its existing managed services capabilities Mphasis, an Information Technology (IT) solutions provider specializing in cloud and cognitive services, has acquired StelligentSystemsLLC, a technology services company specializing in DevOps...

Global Spending on RPA Software to Reach $680 Mn in 2018: Gartner

It is estimated that 60 per cent of the organisations having revenues of over $1 billion will deploy RPA tools by this year end Spending on robotic process automation (RPA) software globally is projected to reach US$ 680 million in...

Impact of Machine Learning on Various Sectors

Have you ever wondered how products like Alexa and Siri made millions? Well, these smart products are the part of this trending digital technology which is standing at the verge of technologies like machine learning and artificial intelligence. Most...

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Recent Posts

Make in Tamil Nadu Gains Momentum

The two day industrial meet started with the hope to garner investments to the tune of Rs 2 lakh crore in sectors like automobile, smartphones...

Hyundai Electronic Forays Into Indian Home Appliances Market

Hyundai aims to give Indian consumers an exposure to smart goods technology and product diversification methodologies along with manufacturing cutting-edge goods. Hyundai Electronics, an arm of South Korean...

Tata Motors May Launch Its First EV In 2020

Tata Motors may follow its peers and jump on the electric vehicle bandwagon next year. Tata Motors has already developed an electric version of its existing range...

Domestic Solar Equipment Makers May Urge For Safeguard Duty

India imports around 90% of solar equipment used in the country from China and Malaysia. In another attempt to protect the local solar manufacturing market...

Battery Storage, Smart Grid, Energy Efficiency Companies Raised US$ 2.8 Bn in 2018

In 2018, smart grid companies received US$ 530 million in venture capital funding in 29 deals, witnessing an increase of 26 per cent compared to...