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Reliance Jio Buys 87% Stake In AI-Based Startup Haptik For ₹700 Crore

Reliance Jio is poised to create more ripples in the artificial intelligence sector, with the acquisition of 87% stake in chatbot startup Haptik in a ₹700 crore deal. The total transaction size, including primary capital investment, includes ₹230 crore as…

Reliance To Buy Mumbai-Based Haptik To Supercharge Its AI Services

Reliance Jio is poised to create more ripples in the artificial intelligence sector, with the acquisition of Haptik. Mumbai-based Haptik, founded in 2013 by Aakrit Vaish and Swapan Rajdev, deploys state-of-the-art machine learning algorithms to perform NLP tasks. Haptik is…

Machine Learning Will Amplify Human Efforts With Intelligence, Says Akash Ambani

“Many say that machine learning is evil as it will replace humans. In my opinion, machines can prove highly beneficial. We will not be seeking to replace human effort, but to amplify it with intelligence,” said Akash Ambani, chief strategy…

Where Do Indian Companies Stand In The Global Voice-Based Personal Assistants Market

Despite conversational platforms gaining immense popularity across various industries, companies are venturing into voice-based assistants territory which is currently dominated by the likes of Siri, Cortana, Alexa or Google Assistant. As the popularity of voice assistants is increasing among Indian…

Jio To Tackle India’s Real-Time Problems With AI, Starting With Speech-To-Text Conversion

Reliance Jio Infocomm Ltd, the fourth-largest telecom player in India has started building a team of professionals to work on artificial intelligence and its multiple use cases. Speaking at a NASSCOM summit with the theme ‘Democratising AI’, Shailesh Kumar, chief…

Reliance To Acquire US-Based Radisys For $74 Million, Plans To Accelerate 5G, IoT Growth

Reliance Industries Limited is set to acquire US-based Radisys, a noted open telecom solutions provider for a whopping $74 million. According to a statement released by Radisys, they have entered into a “definitive agreement” under which RIL will acquire Radisys…

Reliance Jio Starts Hiring New AI Team To Work Under Akash Ambani

Reliance Jio Infocomm Ltd, the fourth-largest telecom player in India has started building a team of professionals to work on artificial intelligence and its multiple use cases. Reportedly, the team will be led by Akash Ambani and will work on…

Meet JioInteract, Reliance’s New AI-Based Brand Engagement Platform

Reliance Industries Limited announced the launch of Jiointeract on Thursday, in what the company is calling as the “world’s first artificial intelligence-based brand-engagement video platform.” The official statement read, “The first of many services to be launched on this platform…

Why Reliance Invested In AI-Based EdTech Startup Embibe

After Jio’s success, when Mukesh Ambani signalled that he was ready to infuse more funds in the sector in his next investment cycle, he meant it. Education was one of the missing pieces for Reliance Jio which made Ambani venture…

Job Offers Pour In For Business Analytics Students At IIT Kharagpur, IIM Calcutta, ISI Kolkata

The Indian analytics and artificial intelligence industry seems to be getting exactly what they were hoping and praying for — fresh new talent. In an exciting development, 74 offers were made to the batch of 51 students of the joint…

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