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If you thought that startups like Uber and Lyft have changed the world of technology then there’s more. According to The Wall Street Journal, a recent funding sent a secret startup, Zoox’s valuation to a whopping $1.55billion. The billion-dollar firm aimed to work towards the concept of self-driving has managed to attract $50million in Zoox’s latest round of funding in October. The historic swing from traditional engines to electric and chip-controlled technology is happening through some of Silicon Valley’s best-financed startups. The worlds’ biggest automakers are strategically funding startups with the intention of expanding and competing in technology-driven markets. Valued at more than $1billion, establishedRead More →

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Faced with unprecedented challenges, banks have started racing to embrace AI to gain a competitive advantage. With the advent of chatbots, personal assistants, and robo-advisors, it may not be too hard to imagine that the next wave of technology could revolutionize the traditional style of banking. An Accenture report recently indicated that within the next three years, banks will deploy Artificial Intelligence (A.I.) as their primary method to interact with customers. In early 2016, Swedish-speaking Amelia became the first non-English deployment of IPsoft’s AI platform at SEB, one of Sweden’s largest bank. The bank adopted “digital employee” Amelia to integrate into its front-office. The cognitive agent solves problems just like humans “butRead More →

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To address Africa’s water problem, tech startups like HydroIQ are stepping in to digitize the water accessibility and billing system for consumers. According to the U.N., two-thirds of the world’s population could be living in water-stressed conditions by 2025, and the majority of these people will be in sub-Saharan Africa. The African region already faces constant problems due to the scarcity of water that sometimes never reaches the consumers. In Africa, as much as 50 percent of the water supplied by utilities is lost before actually reaching the consumer, all because of an inefficient and poorly managed distribution network. Additionally, the cost burden of water losses is borne by theRead More →