Ecolibrium, a machine learning-based decarbonization platform, has launched its revolutionary sustainability solution in the UK as the competition to reduce carbon emissions booms across the built environment.
Founded in 2008 at IIM Ahmedabad’s Centre for Innovation, Incubation, and Entrepreneurship in India, Ecolibrium provides expert advice and technology-driven sustainability solutions. These solutions enable commercial and industrial real estate businesses to decrease energy consumption and ultimately achieve the net-zero carbon goals.
Ecolibrium works on sustainability-led technology product SmartSense which assimilates thousands of internet of things (IoT) data points across the facility’s entire energy infrastructure.
The collected information is then channeled through Ecolibrium’s proprietary machine learning algorithms. In-house subject matter experts have developed these algorithms for over ten years.
Ecolibrium allows customers to visualize the data through a bespoke user interface that avails actionable insights and a blueprint for achieving operational excellence, healthy buildings, and sustainability targets.
This connected infrastructure produces a granular view of the carbon footprint of an asset. This view unlocks inefficiencies and empowers intelligent decision-making while driving a continuous improvement program that delivers empirical sustainability and productivity gains.
According to the CEO of Ecolibrium, the goal of Ecolibrium is to partner with companies and coach them to work smarter by making critical decisions more quickly and consuming less. He added that by doing this at a large scale, Ecolibrium would make a massive impact on the carbon footprint of industrial and commercial assets across the globe.
Ecolibrium contributes to the growth of UK innovation by promoting green job creation and providing tangible economic benefits. The initiative supports the country’s more comprehensive transition to a more sustainable future.
American entrepreneur, Professor Emeritus of computer science, and founding CEO of the Allen Institute for Artificial Intelligence (AI) Oren Etzioni steps down from his position in Allen Institute after serving the company for nearly a decade.
According to the plan, he will continue to serve as the company’s CEO till September 30, after which he will become a board member and advisor. Later he will be joining as the technical director of the AI2 Incubator.
AI2 Incubator is an initiative of the Allen Institute for AI that helps entrepreneurs build AI-first startups through leading AI research, support and funding.
Oren Etzioni said, “It has been an honor of a lifetime to help build and lead such an incredible organization as its founding CEO.” He further added that he wants to thank Paul Allen for the chance to serve in this capacity, along with the devoted AI2 team who gave life to a vision and are benefiting the world via their efforts.
Etzioni founded AI2 in January 2014 with late Microsoft co-founder and philanthropist Paul Allen. The Allen Institute For Artificial Intelligence (AI2) is an artificial intelligence research institute and startup incubator.
Deep learning, computer vision, natural language processing, and the development of common sense AI systems are some of the research areas being pursued at Allen Institute. Etzioni served a crucial role in the company, and under his leadership, AI2 expanded to more than 200 employees.
Ana Mari Cauce, AI2 board member and president of the University of Washington, said, “His legacy includes a commitment to nurturing an inclusive, collaborative culture that attracts and develops highly talented scientists and allows them to thrive.”
Cauce also mentioned that as they start on the next phase of AI2, they are motivated by the global effect AI2 will have and the potential AI represents for people everywhere.
Enterprise Conversational AI Startup Invoca raises $83 million in its recently held series F funding round led by Silver Lake Waterman.
Other investors, such as Hollyport Capital, Kingfisher Investment Advisors, Fenwick & Wes, and several existing investors, also participated in the company’s latest funding round.
The funding has increased Invoca’s market valuation to over $1 billion. According to Invoca, it plans to use the freshly raised capital to further expand and strengthen its conversational intelligence platform.
Invoca serves the world’s biggest consumer brands in areas such as automobile, telecommunications, healthcare, financial services, and real estate. These new additional funds will help the company provide even better services to its global client network.
Managing Director and Group Head, Silver Lake Waterman, Shawn O’Neill, said, “We believe Invoca has an exceptional vision to help marketing and contact center teams transform the customer experience with AI-powered conversation intelligence.”
He further added that the Invoca team has been working hard to achieve the operational rigor and disciplined execution required to flourish in today’s market, and they are excited to work with Invoca in their next chapter of development.
United States-based enterprise conversational AI-providing company Invoca was founded by Colin Kelley, Jason Spievak, and Robert Duva in 2008. Inbound call marketing, call monitoring, call intelligence, and pay-per-call advertising are among the services offered by the organization. To date, Invoca has raised more than $200 million from multiple investors over seven funding rounds.
“When consumers look for value-added expertise in buying the right product or resolving an urgent service issue, they often escalate from digital self-service to speak with a human expert,” said Gregg Johnson, CEO of Invoca. He also mentioned that they are excited to collaborate with new and existing investors as they innovate in the fast-growing industry for conversational AI.
Huawei Technologies Co. Ltd. has published its new patent quantum computer in China for the general public. The patent is a revolutionary step towards how technology will run in the next 10 years.
The patent is listed under the patent number CN114613758A. It is clear from the patent listing that Huawei has developed a type of quantum chipset and quantum computing device each.
Huawei’s new quantum computing device focuses on solving the current issues of producing quantum chipsets. These issues include the complexity of manufacturing a quantum chipset and the limited yields of the quantum chipsets when compared to the existing mainstream computing chipsets nowadays.
The new quantum chip will be easier to assemble in the future. Also, more units can be successfully produced with higher yields allowing adoption of more market share in the industry.
According to the patent listing, the fundamentals of the architecture of Huawei’s newly developed quantum chipset includes a substrate, a coupling structure, M sub-chips, and a cavity mode suppression structure. Each sub-chip includes N qubits, and M sub-chips are assembled on the surface of the substrate at intervals.
The coupling structure is used to comprehend the interconnection between the M sub-chips.
The cavity mode suppression structure is arranged at the edge of each sub-chip and/or in the space between the M sub-chips. It is used for increasing the cavity mode frequency of the quantum chip.
The M sub-chips in the quantum chip will decrease the pressure of manufacturing and will enhance the production yield. For instance, when a sub-chip is affected, only the sub-chip will be discarded. The overall chipset can be fixed or reused to prevent more electronic waste.
Non-fungible tokens (NFTs) have gained immense popularity over the last few years. There are many reasons for this boom and one of them is that technology allows individuals to own something valuable in the virtual world. To clear the cloud, let us first understand what NFTs are. An NFT is a digital asset that replicates physical items such as art, music, in-game items, and videos. Despite the fact that they have been available since 2014, NFTs are gaining popularity as a common means to purchase and sell digital artwork. Though NFTs are often referred to as similar to cryptocurrencies, they are different. For instance, all units of cryptocurrencies are identical. However, each NFT is fully unique and cannot be swapped like-for-like. With the rising demand for NFTs, there are many marketplaces available on the internet today to buy and sell NFTs in India. In this article, we have selected the top NFT marketplaces in India in 2022.
OpenSea is one of the world’s largest NFT marketplaces that allow users to buy, sell, and discover a variety of digital assets. The marketplace was launched back in 2018 and has earned much reputation in its domain over the years. According to experts, OpenSea holds over 75% of all NFT transactions that occur on the Ethereum Network. To use OpenSea, you must connect your OpenSea account with a wallet like MetaMask, Coinbase Wallet, and others. Moreover, you can also discover the Bored Ape Yacht Club, CryptoKitties, Crypto Punks, Decentraland, Doodles, and other well-known NFT assets. Another advantage of purchasing NFTs from OpenSea is the worldwide creators and community, which gives a broader range of options. All these features and advantages make OpenSea one of the best NFT marketplaces in India to buy and sell digital assets in 2022.
WazirX NFT is an Indian marketplace that not only allows trading of NFTs but also cryptocurrencies. It was founded in 2018 and had more than seven million users. The motive behind WazirX’s launch of the NFT marketplace was to provide a platform for regional and local users to buy and sell NFTs in India. Additionally, the platform was also among the first to showcase its inaugural NFT exhibition and musical NFTs. The platform costs customers about 5% in service fees, with the remainder going to the creators. By November 2021, the platform had registered $38 billion in trade in a record year. The platform’s immense popularity makes it one of the best NFT marketplaces in India.
Binance NFT marketplace is one of the largest NFT trading platforms available. Since the launch of the Binance NFT marketplace in June, more than 1000 creators have listed over 2.5 million NFTs on the platform. Binance launched its new NFT Marketplace to help artists in minting and selling their pieces of art. The marketplace has sold 1 million mystery boxes and has a trading volume of $360 million. According to the company, users can create and mint their NFTs in a matter of a few minutes using the platform. Furthermore, users can deposit and withdraw tokens to a compatible wallet or exchange. Binance has strengthened its reputation through collaborations with artists, athletes, news organizations, singers, actresses, and award-winning personalities. The colossal popularity of the platform worldwide makes it one of the most recommendation worthy NFT marketplaces in India for customers willing to trade NFTs.
Bollycoin is a unique marketplace of NFTs that bridges Bollywood and blockchain. According to the company, it plans to auction digital collectibles from the Bollywood Industry. It would provide an innovative way for Bollywood enthusiasts from around the world to own NFTs of their favorite Bollywood films and celebrities. The NFT marketplace gained immense popularity in India last year when it released the Dabangg NFT collection in collaboration with Salman Khan. Additionally, Bollycoin offers posters, movie clips, and stills, among other collectibles. The highly Indianized digital assets available on Bollycoin make it one of the best NFT marketplaces in India in 2022.
Jupiter Meta is India’s first NFT marketplace for art, movies, gaming, music, and others. It gives an immersive digital experience along with tremendous economic, pleasure, and utility value to all stakeholders. The NFT marketplace was founded recently in 2021 to sell NFTs and different creative and cultural sectors embedded within its metaverse. Jupiter Meta is powered by Rubix blockchain technology, which is highly secure, green, and has no gas fees. The company’s goal in India is to broaden the metaverse concept and incorporate everyone as a member of a continuously connected digital world. Jupiter Meta aims to become a Top 10 Metaverse & Curated Marketplace by 2024. The features offered by the NFT marketplace provide a fast user experience, and its India-centric offerings make it one of the best NFT marketplaces in India.
BeyondLife.club is a one-of-a-kind NFT marketplace that connects celebrities with their fans. The company aspires to become the force in changing how art, media, and talent are valued. BeyondLife.club has already teamed up with several of India’s best artists, athletes, music bands, and industry-leading brands to revolutionize the NFT domain in the country. The NFT marketplace received much recognition when it launched NFTs of the Bollywood superstar Amitabh Bachchan. During the sale of those NFTs, over six million people were active on the website, and the stocks sold out in just over 50 minutes. Later NFT marketplace launched its second drop with Stan Lee’s co-creation Chakra The Invincible, which sold out in just a few seconds. It can be said with no doubt that BeyondLife.club is a good marketplace to buy NFTs in India in 2022.
BuyUcoin is India’s one of the most secure crypto exchange platforms that also offers users to trade NFTs. It was founded in 2016 and had more than one million users. It has a very user-friendly UI that resembles that of OpenSea. BuyUcoin handles more than $300 million in digital asset transactions. The marketplace supports 130+ Crypto Pairs like BTC-INR, ETH-INR, DOGE-INR, YFI-INR, and much more. The company has said that its mission is to bring cryptocurrency into the hands of all Indians. Customers need to pay a makers fee of 0.24% to buy NFTs through the platform.
Rarible is one of the most popular NFT marketplaces that was launched in 2020. It offers two tokens, namely ERC721 and ERC1155, that allow users to create unique items and create multiple editions of one item, respectively. An additional advantage of Rarible is that it is based on the trusted Ethereum blockchain. The company has collaborated with numerous big brands like Adobe and other artists that have helped Rarible increase its market dominance. The website has a clean and dark-theme UI that provides an immersive browsing experience.
Colexion is Asia’s largest licensed NFT marketplace, allowing digital artists to enter and harness their love for art and creativity. The company is building the world’s largest NFT digital museum, where users will be able to meet celebrities and learn about their lives. According to the company, it is creating a community of digital artists to give them endless growth prospects and a solid platform to enter the metaverse in the form of trump cards. Moreover, the company has partnered with multiple famous athletes like Yuvraj Singh and musicians like Salim Suleiman and others to capture the Indian market of NFT trading. It also has a game platform with sports characters that allows users to trade avatars and other commodities, making it a recommendation worthy NFT marketplace in India.
SolSea is the first open NFT marketplace with integrated minting on the Solana blockchain. This is the best option available for users who might be looking for options to trade NFTs on Solana. An additional advantage of SolSea is that it allows creators to include copyright permissions in their NFTs. SolSea provides several features such as NFTs with embedded licenses (NFT-PROs), Rarity Rank calculation for collections, and wallet funding with FTX-Pay and Moonpay. The platform also receives regular updates to provide customers with more features. It is regarded as one of the top ten NFT marketplaces in the world because of its high trade volume. If you are looking to trade NFTs on Solana, SolSea is the right NFT marketplace in India in 2022.
Crypto.com is a payment and cryptocurrency platform that empowers users to buy, sell, and pay with crypto. The platform also offers customers to trade NFTs seamlessly. Crypto.com NFT is a leading platform for collecting and exchanging NFTs from the fields of art, design, entertainment, and sports. The company is claimed to be overall one of the best NFT Marketplaces in 2022. Crypto.com, founded in 2016, now serves over 10 million users through the world’s fastest-growing crypto app and the Crypto.com Visa Card. The crypto and NFT marketplace have collaborated with multiple high-profile names, such as Boy George and Snoop Dogg, which has helped skyrocket its popularity in different parts of the world.
SimpleMarket is a popular NFT marketplace that is based on the WAX blockchain. WAX was launched in 2017 and had more than 140,000 digital assets to trade. WAX is the leading NFT network and has successfully facilitated the trade of millions of NFTs from partners such as Topps (MLB), Capcom (Street Fighter), Funko, Atari, Sony’s Funimation, and famous films (Princess Bride and SAW), world-renowned entertainers (Deadmau5, Weezer, and William Shatner), and many more. The SimpleMarket platform comes with a user-friendly and straightforward-looking UI that helps customers explore the marketplace.
Tredence, a leading data science solutions provider, announced that its care management platform HealthEM.AI had won NASSCOM’s Healthcare Innovation Challenge 3 in inpatient volume prediction based on outpatient volume category.
Organized by NASSCOM Centre of Excellence (CoE), IoT & AI, the challenge aims to encourage tech innovation in the healthcare industry by making it efficient and more accessible.
HealthEM.AI is Tredence’s care management platform that enhances healthcare outcomes at scale and speed by converting data into actionable insights. The platform facilitates a strong foundation for healthcare providers to deliver critical wins associated with value-based care. The platform does this by identifying the future cost of the patient, identifying rising risk patients, enabling AI/ML predictive modeling, and improving care management productivity and effectiveness.
Built by data science and medical science professionals, HealthEM.AI facilities value-based care through modern machine learning and AI models while optimizing costs for healthcare providers and payers at the same time.
NASSCOM’s Healthcare Innovation Challenge focuses on accelerating the impact of digital technology in the healthcare sector. The program is an initiative of the NASSCOM Center of Excellence. This collaborative innovation platform helps deep-tech startups and companies leverage cutting-edge technologies to create market-ready products.
According to Tredence CEO and Co-founder Shub Bhowmick, with the health industry transforming from a fee-for-service model to value-based care, the adoption of AI to deliver personalized patient care has gained more attention. HealthEM.AI provides value-based care by optimizing revenues, operational efficiency, and patient experience with an accurate risk prediction, recommendation, and prioritization engine.
A team of archeologists from Israel and Canada have uncovered traces of use of fire about 1 million years ago using artificial intelligence (AI) technology. The traces were found at a site in Israel where no such evidence has previously been found.
At Evron Quarry, an archaeological site in Israel, a 6 cm long flint tool was discovered to be altered by past heating to a temperature of about 300°C to 500°C. According to researchers, the molecular change is the evidence that human ancestors at the site may have been using fire as early as 800,000 to 1 million years ago.
There is ample evidence of the controlled use of fire as far back as 200,000 years ago, but the evidence that fire was used during earlier periods is more scarce.
To address the issue, a research team at Weizmann Institute of Science, Israel, developed a computer algorithm that uses deep learning, a form of artificial intelligence. The algorithm evaluates data gathered from stone fragments when exposed to ultraviolet light.
The procedure can detect if heating to hundreds of degrees has altered the stone’s molecular structure. Such signs are invisible to the naked eye but can be spotted by this computer-aided system.
After training the algorithm on test materials prepared in a laboratory, the group tested their method on an actual set of samples obtained from the archeological site, Evron Quarry, located near Israel’s Mediterranean coast.
The deep-learning algorithm detected the signs of heating in some of the flint tools. Further examination of the material uncovered fragments of burned elephant tusk.
Researchers believe that the possibility of a natural wildfire producing the results cannot be excluded. However, the discovery raises the prospect of a more comprehensive search for evidence of fire at similar ancient sites, especially places where such evidence could be attributed to Homo erectus.
Startup India, in association with Invest India, Venture Development Center, GITAM Deemed University, Northeastern University Center for Entrepreneurship Education (NUCEE), and Center for Emerging Markets, launches SmartIDEAthon 2022 Challenge.
The newly launched program is a student pitching competition for innovative ideas that help construct sustainable and resilient communities.
SmartIDEAthon 2022 Challenge involves individualized coaching and concept development for students through boot camps and coaching sessions for shortlisted candidates led by globally qualified venture coaches.
There are several themes included in the challenge, such as Food & Agriculture, Waste Management, Green Technology, Water Management, and Health Tech & Assistive Technology.
The challenge is divided into three rounds which include an online pitch, Bootcamp, and others. All teams and constituent members that qualify for the Semi-Finals phase will be invited to an advanced online Bootcamp session wherein they will be assigned a personal venture coach. The Semi-Finals and Grand Finale will be held on the GITAM campus in Visakhapatnam.
Eight teams will be selected from the semi-final round to participate in the finals of the challenge.
A significant benefit of this newly announced challenge is that throughout the event, teams will have several opportunities to network with industry experts, entrepreneurs, and other notable visitors. The Semi-Finals and Finals will be judged by a panel of national and international experts.
The winner of the competition will receive prize money of Rs 2,00,000, goodies worth Rs 20,000 and many other benefits. The competition is accessible to all current undergraduate and postgraduate students in any educational institution in India, along with recent graduates.
Interested candidates can start applying for this challenge from the official website of SmartIDEAthon. The last date to submit the application is on 3rd July 2022, and the challenge will begin on 15th July.
Online crypto trading platform Coinbase announces that it plans to lay off 18% of its workforce. The announcement was made by the CEO of the company, Brian Armstrong.
Coinbase CEO @brian_armstrong announced today the difficult decision to reduce the size of the Coinbase team by 18%. More details and rationale in Brian’s email to employees, which has been made public for all to see ➡️ https://t.co/SpdZU3KdpS
According to the company, this harsh decision was made to cut operational costs amidst the economic downfall. Coinbase is undergoing a financial crisis after successfully being in the game for over a decade.
The affected employees will receive an email notification in their personal email IDs as the company has cut access for them to Coinbase’s system.
On the contrary, the company had announced a few months earlier that it was planning to hire more than 1000 new employees in India. Coinbase mentioned that the decision was a step towards its goal of expanding its operations in India, which has the most number of crypto owners.
Coinbase has weathered four big crypto winters, and they have achieved long-term prosperity by carefully regulating their spending throughout each down spell. With this new monetary crisis, the company has taken this step to reduce the workforce.
Armstrong said, “At the beginning of 2021, we had 1,250 employees. At the time, we were in the early innings of the bull run, and the adoption of crypto products was exploding. There were new use cases enabled by crypto getting traction practically every week.”
He further added that they spotted the opportunity, but they needed to substantially extend their staff to be positioned to compete in a wide range of bets, and given the scope of their development, it’s difficult to grow at precisely the appropriate rate. Coinbase firmly believes that these new changes in the organization will help it achieve more efficiency.
Based on a pilot clinical trial called PRECISE.CURATE, clinicians accepted close to 97% of doses recommended by CURATE.AI, with some patients receiving optimal doses approximately 20% lower on average. The trial involved ten Singapore patients diagnosed with advanced solid tumors and predominantly metastatic colorectal cancers.
The outcomes are seen as a radical shift, personalizing oncology and allowing drug doses to be adjusted dynamically during treatment.
CURATE.AI is an optimization platform that utilizes a patient’s clinical data, including drug dose, drug type, and cancer biomarkers. Developed by a team led by Professor Dean Ho, this software generates an individual digital profile used to customize the optimal doses for the patient during chemotherapy treatment.
According to Professor Ho, Head of the Department of Biomedical Engineering under the NUS, chemotherapy treatment is usually given at fixed doses based on specific patient parameters. However, such toxicity-guided amounts may not result in an optimal response to treatment.
He said that using CURATE.AI will help doctors quickly identify the optimal doses customized for each patient at different stages of the treatment cycle.
