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India's AI-SaaS start-ups likely to employ 5 mn people by 2030: Study

The study jointly conducted by Stellaris Venture Partners and IFC argues that India's AI-SaaS start-ups can create a $500 billion market opportunity by 2030. ....

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iTWire - Pornhub uses AI to restore century-old erotic films to titillating technicolour

Adult entertainment company Pornhub today announced the release of 20 early 20th-century erotic films, recolourised using machine learning algorithms. ....

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Facial Recognition Must Overcome Biases, Biometrics Commissioner Says

Matthew Horwood/Getty Images
Britain s biometrics commissioner Fraser Sampson says facial recognition must overcome biases.
The technology has faced intense criticism from activist groups for its poor accuracy in minorities.
Sampson said the technology is still in its infancy and that it will improve exponentially.
Demonizing the use of facial recognition in policing makes no sense, according to the UK s newly-appointed biometrics commissioner, who says that criminals are ruthlessly exploiting new technologies at a much faster rate than any state agency.
Fraser Sampson, who was appointed to the role in March, said the technology was still in its infancy and that it had sizable shortcomings to reconcile, including in-built biases, and poor levels of accuracy. ....

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Market Outlook: Fund manager beating 95% of peers shares top themes

Matt Moberg s DynaTech Fund has beaten 95% of its category peers over the past five years.
It looks for innovation leaders with superior management that benefit from new industry conditions.
He laid out four trends he sees shaping today s economy that are rich investment backdrops.
There is no doubt that COVID-19 has brought a lot of loss to the world. But at the same time, it has helped to accelerate innovation across industries as it s forced people and businesses to adapt to more constricted environments than they were accustomed to.
Decades-long digital disruptions took place in just months with the development of innovative solutions, such as voice products and cloud software that supported business activity, teleworking, and learning from home. ....

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Food tech startups received $18.1 billion from investors in 2020

Funding: $14.65 million (much of it has been through crowdfunding)
Food robots have been around for a few years but haven t been widely adopted in the US until last year. Facing severe labor shortages and a proposed increase to the federal minimum wage, chains are starting to take a closer look at robots with the biggest experiment to date happening at White Castle.
The iconic slider chain is testing a robotic fry cook by Miso Robotics. Flippy is frying everything from tater tots to chicken strips.
Before the pandemic, Miso Robotics was hearing from fast-food operators about the multiple challenges they face: rising minimum wage, delivery boom, high operational costs, and labor shortages. ....

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