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BrainBox AI raises $24 million in Series A Funding Round

brainbox ai series a funding

Information technology and service-providing startup BrainBox AI raises $24 million in its series A funding round led by ABB. Other investors like Esplanade Ventures and Desjardins Capital also participated in the funding round. 

The company plans to use the fresh funds to accelerate the product development process and expand into the global market. BrainBox AI is developing a technology that tackles energy transition by creating energy demand flexibility in building clusters. 

BrainBox AI had earlier developed an artificial intelligence-powered technology that optimizes energy consumption in buildings. The technology is also used to reduce carbon footprints and increase operational efficiency. 

Read More: ByteDance releases ByteTrack, a robust Multi-Object Tracking Library

According to company officials, buildings produce over 28% of the world’s total carbon emissions. Hence it has become necessary to put a check on this matter to protect the environment. 

President of BrainBox AI, Sam Ramadori, said, “Overlaying autonomous artificial intelligence on existing infrastructure in the built environment is not only a rapid and impactful means to energy efficiency, but also a crucial step towards future grid-interactive buildings.” 

He further added that they are thrilled to work alongside their investors to develop artificial intelligence solutions for achieving their goal of 100% renewable energy for Earth. BrainBox AI will take advantage of the vast customer base of ABB spread across the globe to increase the worldwide distribution of its products. 

Canada-based startup BrainBox AI was founded by Jean Simon Venne and Sean Neely in the year 2017. The company has already transformed over 100 million f2 areas of buildings across five continents, including both developed and developing countries. BrainBox AI is all set to showcase its unique product at the upcoming 26th United Nations Climate Change Conference. 
“I am confident that ABB’s investment in BrainBox AI, combined with our ABB Ability Building Ecosystem, will help us leapfrog current approaches to digital transformation, further reduce energy costs and play our part in addressing climate change,” said the President of ABB’s Smart Building division, Oliver Iltisberger.

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ByteDance releases ByteTrack, a robust Multi-Object Tracking Library

ByteDance ByteTrack

Chinese multinational IT company ByteDance recently announced the release of its Multi-Object Tracking (MOT) library called ByteTrack to estimate bounding boxes and identities of objects in a video.

This library primarily aims to solve the problem of detecting objects having low detection scores. For instance, occluded objects simply thrown away can also bring non-eligible true objects missing and fragmented trajectories. ByteTrack tracks every associated detection box instead of only the high score sample, making it a simple, effective and generic association method. Even if there are low score detection boxes, it identifies similarities with tracklets to recover true objects while filtering out the background detections.

Unlike traditional methods that assign only high score detection boxes, ByteDance proposed a new association method called BYTE. Not only does it keep every detection box, but it also separates them into high and low scores. This novel method prioritizes the association of the high score detection boxes to the tracklets. If there is occlusion, motion blur, or size change, then tracklets get unmatched to high score detection boxes. In such cases, low score detection boxes recover these unmatched tracklets to filter the background simultaneously.

Read More: EPFL open sources ‘deepImageJ’ plugin for Deep Learning–based image analysis

To improve the state-of-the-art performance of MOT, ByteTrack is equipped with a high-performance detector named YOLOX, along with the association method BYTE. While YOLOX switches YOLO series detectors for effective label assignment strategy, BYTE requires video sequence as input, along with an object detector and Kalman filter. The output of BYTE is tracks of the video that contains bounding boxes and the identity of objects in each frame.

ByteDance’s ByteTrack outperforms all previous trackers by achieving 80.3 MOTA with 30 FPS running speed. Image Credit: ByteDance

ByteDance’s ByteTrack was evaluated considering a half validation set of MOT17 using different combinations of training data. Though the model considers half the training set of MOT17, it outperforms most methods by achieving 75.8 MOTA (MOT accuracy). When the model is further trained with CrowdHuman, Cityperson, and ETHZ datasets, it achieves 76.7 MOTA and 79.7 IDF1 (identification F1 score). One of the possible reasons that have brought improvements and enhanced the tracker’s ability is using strong augmentations such as Mosaic and Mixup.

BYTE presents an effective data association method for multi-object detection that can be incorporated in existing trackers to achieve consistent improvements. With ByteDance’s ByteTrack ranking top in the official MOT challenge leaderboard, it is proposed as a strong tracker.

ByteDance’s ByteTrack proposes as a very robust tracker for occlusion and accurately detects performance with the help of associating low score detection boxes. This model also describes ways to enhance multi-object tracking by making the best use of detection results. The ByteDance research team expects ByteTrack to become attractive and effective in real applications with higher accuracy, fast speed, and simplicity.

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Facebook Changes its Name to Meta

facebook changes name Meta

Technology giant Facebook changed its parent company’s name to Meta as a major rebranding move. Facebook made this big announcement during an augmented and virtual reality conference on Thursday. 

According to officials, this move is a step forward towards Facebook’s future goals of revolutionizing how individuals connect with each other on the internet. Facebook mentioned that applications built and managed by the company like Facebook, Messenger, Instagram, and Whatsapp won’t be renamed. 

The company aims to create a ‘metaverse’ that would take social media to a new level by erasing the line between physical and digital space using virtual reality. Experts believe that this rebranding is also a strategy to reignite the trust of its customers that got severely affected due to multiple negative stories about the working and policies of Facebook. 

Read More: Bihar EC to use artificial intelligence for automatic vote counting in Panchayat Elections

CEO Mark Zuckerberg said, “We’ve learned a lot from struggling with social issues and living under closed platforms, and now it is time to take everything that we’ve learned and help build the next chapter.”

He further added that he is proud to announce that the company is now named Meta, but its motives and goals remain the same. The company wants to change its image of being a social media platform to a hard-core technology enterprise with this rebranding and unveiling its plan of creating a ‘metaverse.’ 

“In the metaverse, you’ll be able to do almost anything you can imagine — get together with friends and family, work, learn, play, shop, create — as well as completely new experiences that don’t really fit how we think about computers or phones today,” said Zuckerberg. 

Additionally, Facebook announced its plans of hiring over 10,000 new employees in the European region to boost the development of its ‘metaverse.’ Zuckerberg mentioned that the metaverse would reach over one billion people and create millions of jobs by the next decade.

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Bihar EC to use artificial intelligence for automatic vote counting in Panchayat Elections

Bihar EC artificial intelligence vote counting

Bihar State Election Commission (EC) plans to use artificial intelligence solutions to automate the vote-counting process in panchayat elections. Bihar EC plans to introduce artificial intelligence in voting for the first time in India. 

State EC has partnered with AI firm Staqu to deploy this AI-enables automated vote-counting system. With the move, the state EC aims to eliminate any chances of vote tampering and keep the elections free and fair for everyone. 

Staqu will use its in-house developed AI-powered video management system JARVIS to automate the vote-counting process. The system uses multiple camera setup placed around EVM that monitors moments near EVMs to generate vote counts. JARVIS Optical Character Recognition technology to analyze video footage to generate accurate results regarding the number of votes. 

Read More: AT&T and H2O.ai launches Artificial Intelligence-powered Feature Store

Bihar State Election Commissioner, Deepak Prasad, said, “Panchayat elections are always a huge election as we have a large number of polling booths and candidates. Given the number of candidates and number of panchayats we receive in each election, we felt it best to automate the vote-counting verification process.” He further added that they are excited to collaborate with Staqu to deploy AI technology in the polling booths to ensure free and error-less vote counting in the panchayat elections. 

JARVIS will be used to calculate the number of votes, and the results will be verified with the election commission’s results on the website. In case of any discrepancy, a notification will be sent to the EC regarding the difference in results. 

Co-founder and CEO of Staqu, Atul Rai, said, “Staqu has been committed to leveraging cutting-edge technologies to solve real-world problems, ensure there is top-notch security, and automate tasks that were previously done manually to save time and cost and avoid any errors/discrepancies.”

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AT&T and H2O.ai launches Artificial Intelligence-powered Feature Store

AT&T H2O.ai Feature Store

Telecommunication giant AT&T partners with H2O.ai to launch their co-built artificial intelligence-powered feature store. The feature store aims to manage and reuse machine learning data. 

Both the companies have been working for the past few months to launch the industry’s first artificial intelligence feature store. It is a unique platform that has been built using cutting-edge technology and can be easily integrated with most of the machine learning pipelines.

The store is available by the name “H2O AI Feature Store.” The store automatically sends recommendations regarding feature updates to improve the performance of artificial intelligence models. 

Read More: Google Partners With MeitY Startup Hub to train Indian Startups build apps

Chief data officer at AT&T, Andy Markus, said, “With our expertise in managing and analyzing huge data flows, combined with H2O.ai’s deep AI expertise, we understand what business customers are looking for in this space and our Feature Store offering meets this need.” 

He further added that feature stores are currently one of the most popular areas in artificial intelligence development. Feature stores help data scientists and engineers develop highly accurate features and deploy them quickly. 

Earlier scientists have to spend a lot of time in feature engineering, but with H2O AI Feature Store, they can build high-end features and deploy them in production effortlessly. The feature store solves the most challenging problem of building and serving machine learning data to production, which makes it an integral component of the infrastructure stack for ML. 

According to H2O.ai, the feature store comes with three main components – 

  1. Offline store of features for training and batch scoring
  2. Online store for real-time scoring and streaming 
  3. Metadata registry to enable search and collaboration 

The feature store comes with out-of-the-box support for Snowflake, Teradata, Databrick, and many other related platforms. 
Interested individuals can visit the official website of the H2O AI Feature Store and sign up to get early access.

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Google Partners With MeitY Startup Hub to train Indian Startups build apps

Google MeitY startup hub build apps

Technology giant Google has partnered with the Ministry of Electronics and Information Technology’s MeiTY Hub initiative to train Indian startups to build high-end applications. The newly launched joint program is named Appscale Academy. 

India is one of the fastest-growing applications markets, and this Google program will help startups to develop world-class applications in varied fields like gaming, healthcare, education, fintech, and many others, which would benefit users. 

It is a six-month-long training program where Google will provide assistance in building applications. Google will offer mentorship, study materials, and webinars to help startups in all aspects of app development, including UX design, monetization strategies, business models. International expansion tips, data security practices, and many more. 

Read More: IIT Delhi to offer M.Tech course in Machine Learning and Data Science

Vice President of Google Play Partnerships, Purnima Kochikar, said, “At Google Play, we believe Indian startups and developers have the ability to set an example for the rest of the world to follow.” She further added that they are excited to see India’s thriving startup ecosystem develop applications for a global audience. 

Google is currently accepting applications from startups to take part in this program, out of which the best 100 startups will be selected. The last date of submitting applications is on 15th December 2021. 

The selected startups will also get chances to pitch their products to investors and venture capitalists to raise funds for the product development process. Appscale Academy will help to unleash the tremendous potential of Indian startups to build sustainable and scalable global businesses. 

Ajay Sawhney, Secretary of MeiTY, said, “It is heartening to see India’s startups increasingly drive local app innovations that have the potential to go global. We must fuel this growth story and encourage them to drive meaningful solutions for the world. I am delighted that the MeitY Startup Hub and Google have come together to grow and scale this flourishing ecosystem.” He also mentioned that 

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IIT Delhi to offer M.Tech course in Machine Learning and Data Science

iit delhi machine learning data science course

The Indian Institute of Technology (IIT) Delhi announces it will offer a postgraduate M.Tech course in machine learning and data science at its School of Artificial Intelligence from next year. 

The course named M. Tech in Machine Intelligence and Data Science (MINDS) will provide learning training focused on artificial intelligence. This will be the second offering of the School of Artificial Intelligence since its establishment in September 2020. 

The curriculum will consist of practical and industry-based training to help learners inculcate the critical skills that the global artificial intelligence market currently demands. Students who have an undergraduate degree in science or engineering are eligible to apply for this new course in machine learning and data science.

Read More: IIT Madras partners with Monolith to launch Advanced Diploma program in Virtual Reality

Director of IIT Delhi, V Ramgopal Rao, said, “Academic institutions today cannot remain in silos. They must work closely with all stakeholders, including industry, non-profit, and governmental organisations. The M.Tech programme will energise academia-industry collaboration in AI.” 

The first batch of the PG course will commence in July 2022. The curriculum of the course will also provide an understanding of various artificial intelligence technologies, including deep learning, data mining, natural language processing, computer vision, mathematics, artificial intelligence in healthcare, and many more. 

This development is a step forward towards the institution’s aim to strengthen the education system and application of artificial intelligence solutions in the country. The school currently has over 40 faculties from industry-leading research centers of Microsoft, Google, and IBM. 

“We had a 90% success rate in PhD students joining ScAI last semester, which is exceptional for a young academic unit like ours, as students generally prefer more established academic programmes. But they chose us, suggesting that we have put together a really strong faculty team in AI,” said Prof Mausam of IIT Delhi.

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IBM to Acquire McDonald’s McD Tech Lab for Drive-thru Automation

IBM acquire McD Tech Lab

Information technology giant IBM announced its plans to acquire fast-food chain McDonald’s McD Tech Lab to develop new technologies to automate drive-thru lanes. The information was revealed through a joint statement issued by IBM. 

This strategic partnership aims to develop artificial intelligence technologies to revolutionize the fast-food industry. In 2019, McDonald’s acquired voice tech firm Apprente to conduct research in artificial intelligence to develop in-house AI technologies to support the fast-food chain’s operations. 

This new development will help McDonald’s provide a better ordering experience to customers and its employees using AI-powered solutions. McD Tech Lab will develop Automated Order Taking (AOT) technology that would reduce the human involvement in the order processing division and also speed up order delivery time. 

Read More: Students developed AI chatbot to help teens deal with mental health

CEO of McDonald’s, Chris Kempczinski, said, “In my mind, IBM is the ideal partner for McDonald’s given their expertise in building AI-powered customer care solutions and voice recognition.” 

IBM’s expertise in developing natural language processing and artificial intelligence-powered customer service solutions will play a vital role in developing and refining the new Automated Order Taking system. 

Earlier this year, McDonald’s had tested their AOT technology in a few selected restaurants in Chicago. The testing revealed that the technology considerably helped customers while ordering their food, according to the company officials. The testing showed the AOT system to have an accuracy rate of over 80%. 

“At some point technology reaches a level of development where I think getting it to a partner who can then blow it out and scale it globally makes more sense,” said Kempczinski while talking about the partnership with IBM. The final deal is expected to close by December 2021, after which, McD Tech Lab team will join IBM Cloud & Cognitive Software division. 

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IIT Madras partners with Monolith to launch Advanced Diploma program in Virtual Reality

IIT Madras Monolith Virtual Reality

The Indian Institute of Technology (IIT) Madras partners with Japanese research and training firm Monolith to launch a new advanced diploma program in virtual reality. IIT Madras recently signed a memorandum of understanding with Monolith Research And Training Labs to offer the course. 

Prof. Devendra Jalihal, Prof. Devendra Jalihal, Chairman, Centre for Continuing Education (CCE) at IIT Madras, and the director of Monolith, Yathirajan Varadharajan, signed the MoU. The course will be available both online and offline mediums. 

IIT Madras will accept fifty students for this unique program annually, and the first batch will start from January 2022. The course will be available for students with an engineering background. IIT Madras will also accept applications from students currently enrolled in engineering degrees from any part of the country. 

Read More: Students developed AI chatbot to help teens deal with mental health

Prof. M. Manivannan from the department of applied mathematics at IIT Madras said, “Virtual Reality is inherently a practical and an interdisciplinary course. Offering such an experiential and interdisciplinary course online is quite challenging. Both IIT Madras and Monolith have taken this as a challenge to offer this course for the first time in India.” 

With this new course, IIT Madras aims to fulfill the market demand of trained professionals in the field of virtual reality, augmented reality, mixed reality, and haptics technology. Varadharajan mentioned that the need and popularity for Experiential and Immersive technologies are growing at a rapid pace, and it has the potential of boosting the global economy by creating new job opportunities. 

Immersive technologies can add up to $1.5 trillion by 2030 if the market gets the right talents. “Our MoU with IITM strengthens Monolith’s vision to create a learning path in emerging technologies and provide visibility to employment opportunities present across the APAC region for its learners,” said Varadharajan. 

Interested candidates can start the application process from November 2021 for this course.

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Students developed AI chatbot to help teens deal with mental health

AI chatbot mental health

Students of Shiv Nadar school have developed a new AI chatbot to help teens suffering from mental health problems. Five students of grade eleven have built this unique platform named Sparky, which lets teenagers discuss their mental health issues with each other and get relevant help from experts. 

Akkshansh Bagga, Akshat Jain, Yash Kataria, Muskaan Chawla, and Aryan Misra utilized the time during the COVID-19 lockdown to develop this one of a kind application to help innumerable youngsters of the country. The chatbot already has over 2000 users, and its popularity is growing exponentially. 

Muskan said, “The chatbot uses Artificial Intelligence (AI) to provide non-clinical support to teenagers to help them deal with stress and anxiety by suggesting music playlists and videos.” 

Read More: Udacity is offering Scholarships for Cloud, Data, and AI Skills

She added that the chatbot analyzes the user’s mood and lets them express their thoughts and emotions through therapeutic conversations. Sparky also allows users to connect with social clubs to talk to people having similar issues. 

Currently, this feature is available in tier 1 cities like Delhi, Mumbai, Hyderabad, and Pune, but the team plans to expand this to the entire country. The team is tying up with multiple schools pan India to offer its services to the majority of the population. 

Akshat Jain said, “A lot of times individuals were not comfortable discussing these (mental health) issues openly or seeking professional help. This encouraged us to work towards developing a solution that not only addressed the problem but also offered the comfort of privacy to the users.” 

He also mentioned that the team witnessed a spike in mental health patients during the ongoing pandemic, which led them to develop this artificial intelligence-powered chatbot. The platform suggests therapeutic songs and exercises according to the answers marked by the users during the assessment process. 

The platform helps teenagers to discuss their problems and get recommendations to solve them. However, the developers suggest getting professional help for serious issues. The chatbot is available on the official website of Sparky!

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