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Interesting Facts About Artificial Intelligence (AI)

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It’s no secret by now that Artificial Intelligence (AI) is all set to define the next generation of software technologies!

AI has gradually been making its way into business software and will continue to for the foreseeable future. AI technology is software designed to learn without being explicitly programmed, and it is taking the retail industry by a storm. It is regarded as the next big thing!

Listed below are the 5 interesting facts about AI!

 

AI can learn and write!

This can be quite overwhelming.

AI, computers are learning and writing by themselves. For example, Google developed an Artificial Intelligence enabled system that taught itself to play the Atari 2600 games. It later beat some of the world’s best players.

How intelligent!

Back in 1984, in a famous movie, Terminator, we saw the story about the concept that the United States government develops an Artificial Intelligence called Skynet. It was intended to automate the defense network. It takes control of force behind military operations and eventually seeks to terminate human race by unleashing a nuclear strike, as it sees humanity as a threat to its existence.

In near future, AI robots could end up completely changing what it means to be human if we let them think for themselves!


AI is way ahead of humans!

Artificial Intelligence does not have limitations that plague human beings. They are not restricted by biology and they do not even get tired!

AI can crunch numbers for long hours and are exceptionally clever while doing repetitive mathematical tasks and other significant tasks! This makes them way ahead and smarter than human beings.

The Terminator director, James Cameron says,

“What was science fiction in the ’80s is now imminent. It’s coming over the horizon at us.”

AI will fight challenging diseases.

The AI could not only make your lives convenient but it can also fight back some of the most challenging diseases. They could do it all as they are capable of identifying, collecting and analyzing the human molecular data. This amazing technology can identify and analyze illnesses to enable new drugs, treatments and cures within seconds.

In an interesting attempt to fight the spread of challenging diseases,  a team of USC Viterbi School of Engineering researchers in order to create  the algorithm used data, including behavioral, demographic and epidemic disease trends, to create a model of disease spread that captures underlying population dynamics and contact patterns between people.

With the help of computer simulations, the researchers tested the algorithm on infectious diseases such as tuberculosis in India and gonorrhea in the United States. In both cases, they found the algorithm did an amazing job at reducing disease cases by sharing information about these diseases with individuals who might be most at risk.


AI can rebuild itself

There is a robot that rebuilt itself after its performance dropped after losing 2 of its 6 legs. The robot did not know what the problem was but fixed it by trial and error.

The whole process could take 15 minutes for them to adapt and compensate for even the simplest of problems. This new adaptive technology is inspired by the way animals adapt to injury.

AI could take our jobs in near future.

With each passing year, we notice a lot of spectacular changes in the techno world. Big techno giants including Google is moving toward the adaptation of AI in order to improve productivity.

From surgeries to autonomous driving, technologies have taken over some of the most amazing human activities already. Industries including manufacturing and other large sections of agriculture have seen millions of human jobs taken over by robots, machines and more efficient factories.

World renowned physicist Stephen Hawking, stated once  “AI and robots are going to kill a lot of jobs, because in the future, these will be done by machines.”


With Artificial Intelligence evolving in almost every industry, some people believe AI will wipe out humans completely!

 

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Wild Startup Ideas Which Are Now Successes

Smruthi Kishore

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What are the most crazy startup ideas which turned into successes? First asked on Quora and now turned into a global phenomenon, this question sparked a lot of interesting discussions on this topic. While a lot of ideas seem ridiculous in the beginning, they turned into massive successes later on because of the hard work the founders put into making their dreams come true. Here’s taking a look at ideas that seemed impossible to even be true and how they are one of the biggest success stories of today.

1. Quora

Founded by Alex D’ Angelo and Charlie Cheever, former Facebook employees, Quora took off from where Yahoo answers stopped growing. When something like this already existed, not many thought Quora would become a success. Founded in 2009, the website took off immediately and became so successful, it had 500,000 registered users by 2011. Now, 7 years later, Quora has a valuation of 900 million dollars and is one of the most successful startups in the world! Who would have thought piggy backing off an existing startup would quite literally squash the old one, right?

2. Facebook 

When Mark Zuckerberg created a social media platform in his bedroom during a dull day at Harvard, little did he know he was sitting on an idea that would become the first ever trillion dollar company. While there were other social media networks already present (MySpace) what made Facebook stand apart from its competition was that Zuckerberg and his friends gave the world a service they did not think they needed. Furthermore, another unique selling point for Facebook was it was through invite only and this created an exclusive factor for the excited users. Now, so many years later, Facebook became the first company to enter the trillion dollar valuation.

3. Vitality Air 

Fresh clean air is a luxury not many can afford, right? Apparently, Vitality Air, a startup of Canadian origin, thought the same. The founders (Moses and Troy) of this very bizarre startup realised a lot of people did not have access to clean, fresh air and the best way to counter this need was by bottling up the air they had in excess. Launched in the year 2014, Vitality Air grew so quickly, it shipped over 4,000 bottles to China in a week!

4. Holy Ink 

How many times have you looked at your printer  and realised you couldn’t use it because you ran out of ink? Father Bernard McCoy had the same difficulty and when he found out he ran out of ink, he decided the only solution to the problem was to start his own ink refilling business. Taking this idea forward, the eight brothers of Cistercian Abbey in Monroe put aside their singing for a while and got down to good old labour. From earning only $ 2000 as revenue in 2002, the brothers of this enterprising business ended up earning a whopping $ 2.5 million by the year 2005.

5. “I Do, Now I Don’t” 

Every time you watch a man in the West buying a diamond ring for his fiance, you think, oh, this is so cute. Ever thought of what happens to the ring when the engagement is broken? Josh Opperman, the founder of I Do, Now I Don’t, was in the same predicament. His fiance of three months broke up with him and left behind a very expensive wedding ring. Instead of fretting about the problem of not being able to sell the ring, Josh Opperman came up with the idea of a website meant just for this purpose. Essentially, Josh created website based on selling rings and other jewellery with the same formula Craigslist uses! You know where to go when the jewelers refuse to give you a good price for your ring.

6. AirBnb 

The idea for AirBnB came about when one of its founders realised couchsurfing could turn into a very lucrative business. What initially started off as a model where the owners rented out their homes to people, now has a valuation standing at $ 1.3 billion. When the idea initially came to be, a lot of investors were extremely skeptical and refused to invest in this idea. However, the founders believed in it so much that they started selling their own brands of cereal and breakfast foods to raise money! Based on political figures (Obama O’s, Cap’n McCain and Breakfast of Change,) and branded as limited edition products, these breakfast foods sold like crazy and within two months, they sold 800 cereal boxes, valued at $ 40 each. Earning a grand total exceeding $ 30,000, AirBnB hit the ground running and is now a revolution!

Ideas make the world turn and when you believe in something, you have to make it happen. If you think we missed out on any other really cool ideas, comment and let us know!

 

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Apps That Are Making An Impact On The World

Smruthi Kishore

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From ordering food to booking rooms to getting travel plans organised, technology has evolved with every new app to help make the world a better place. For every small thing one does in life, there is an app that exists to make that task all the more easier. One of the positive sides of this is that now, apart from just the social angle of things, there are apps which help make the world a better place. Here are our pick of apps that not only contribute to the social betterment of the world, but help make an impact as well.

1. GlobalGiving

At its very essence, GlobalGiving is an organisation that helps in the growth of those foundations which are at the grassroot level. From raising money for building wells in Nigeria and to helping raise money for earthquake victims in Nepal, GlobalGiving works as the perfect facilitator. People who sign up on the site get connected to the cause they want to support and give money to, with regular updates on further donations as and when required. Since the time of its inception in 2002, this organisation raised almost $ 200 million from people around the world. Supporting close to 13,000 causes across the world, GlobalGiving helped improve the conditions of people all over the world.

2. LeftoverSwap 

Leftover food is always an issue and when you do not know what to do with the excess food, it more often than not goes to waste. To prevent wastage like this and to harness the power of smartphones to good, the LeftoverSwap app was created. Using the swipe and connect principle, LeftoverSwap lets people take pictures of leftover food and share it on their app. Once that is done, volunteers who are already registered on the app collect the food and give it to either individuals who need the food or to charities who work with the poor and hungry groups of people in the world.

3. One Today 

While donating to organizations is well and good, finding a legitimate cause can be quite tricky. One Today came to be as an attempt to resolve this issue and to remove middlemen from the picture altogether. Once you register on the website, One Today matches users to charities based on the users’ interests. Once you register and match with the charity of your choice, the app lets you donate $ 1 a day to these causes. Further, the app also allows users to increase the donations made by their friends, in an attempt to make a larger impact.

4. MindMate 

At a time when dementia is an increasingly common disease, MindMate comes as a blessing in disguise. With over 350,000 regular users, this app helps people stay connected to their memory with regular exercises. With interactive games created using the latest scientific research in the fields of dementia and mental health, MindMate helps improve one’s memory. What makes this app so much more interesting is it also offers a wide range of information on how to stay active, fit and healthy by giving users information on regular health and exercise.

5. Tree Planet  

What if you could lend a hand in increasing the number of trees by playing a game on your phone? Tree Planet, an app that does just that, recognised the growing addiction people have when it comes to their phones and helped plant over 500,000 trees in a period of four years. In the latest version of the game, every time the users save a tree from dying, Tree Planet plants a sapling/tree. Converting virtual trees into real trees, Tree Planet is making the world a cleaner and greener place, one game at a time!

Websites and apps like these have been specifically designed to make the world one cause and one issue at a time. If you think there are other apps like these that we missed mentioning, comment and let us know!

 

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Companies Which Became Successes Despite Almost Failing

Smruthi Kishore

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Failure to Success Stories of Companies,Successful CEOS Who Failed,Successful Companies CEOS,Most Valuable Companies in World,Apple CEO,CEO of HP,Hewlett Packard CEO,Yahoo CEO,CEO of McDonald,CEO of Sprint,Companies that Turned Around,Top 5 Successful Companies Stories,Inspiring Stories of CEOS,Best Startups in India 2018,Latest Startup News India,startup stories

A major chunk of the companies who are successful today have faced their fair share of breakdowns and failures, giving the world the impression they may not recover from the blow. However, with all the effort the CEOs put into bringing these companies back on track, it is noteworthy to see the way these companies have turned out. Here’s a list of companies which bounced back from almost ceasing to exist to becoming one of the most valuable companies in the world.

1. Apple (Steve Jobs) 

Probably one of the most successful stories of a startup bouncing back from destruction, Apple had a tough time coming back from the dead. When Apple hired Steve Jobs back as the interim CEO, he turned out to be the man who made the impossible possible. Steve Jobs realised one of the major things going against Apple was they were not thinking of doing something great with the company and were just stuck in the production phase for a long time. The moment he got back as the CEO, the first thing Jobs did was reduce the number of projects from 350 to 50 and then, to 10. A move that made him instantly famous with Apple’s Board of Directors, Jobs joined back as a full time CEO in 1997. Post this, he launched a series of new inventions like the iPod, the first ever iMac, iTunes and the iPhone! Increasing Apple’s stock by more than 9,000 %, Jobs was instrumental in bringing back Apple from near destruction. Today, Apple stands at a valuation of a trillion dollars. Unfortunately, Jobs was diagnosed with cancer and breathed his last in 2011, before he could see Apple become the revolution it is today.

2.Hewlett Packard (Mark Hurd)

When Mark Hurd took over for Carly Forina as the CEO of HP in 2005, he realised the company was in bad shape. At the time, HP had more people on their roster than they knew what to do. Further, this was also the point where HP was recovering from the extremely infamous Compaq acquisition of 2002. Hurd’s first move at ensuring the stability of HP was by decentralizing the staff and increasing the emphasis on field training, improving efficiency and increasing customer support. This move proved to be extremely favorable and from the years 2006 to 2009, HP’s profits increased to $ 80 billion, with the value of the shares doubling from its rate at the point. On a side note, despite ensuring the success of HP, Hurd was forced to step down as the CEO in 2010 post several allegations of sexual harassment.

3. Yahoo! (Terry Semel)

With companies plummeting into sure fire destruction, Yahoo! was one of the websites which suffered the most during the dot com bubble burst. Despite launching to a stupendous fan base before the burst, the mail platform just could not take off the right way. Terry Semel joined the board of Yahoo! as a CEO in the year 2001, with a wealth of experience as the Chairman of Warner Bros. When Semel came on board as the CEO, the company morale was at an all time low and the previous year had ended with a loss of $ 93 million. Semel realised one of the ways to bring back the company was by shifting focus. He changed Yahoo’s business plan and made it a platform which distributed news and user based content through channels like Yahoo News, Yahoo Finance and Flickr. Within a year of Semel becoming Yahoo’s CEO, not only was there a massive turn around with an eradication of all the losses, Yahoo! recorded an impressive profit of $ 43 million. With a successful reign of 6 years, Semel stepped down as the CEO in 2007.

4.McDonald’s (James. R Cantalupo)

When James Cantalupo retired as the CEO of McDonald’s in the year 2001, the company realised they needed him far more than they thought. A short year after Cantalupo stepped down as CEO, stocks started plummeting, with customers across the world complaining about McDonald’s unhealthy menu. When Cantalupo joined back as the CEO in 2002, the first thing he did was to introduce a low on carbs menu in select countries. With a focus on consumers who wanted to eat healthier, the menu changed completely and the results of Cantalupo’s efforts were clearly showing. Within a year, the profits increased massively and in the year 2003, McDonald’s recorded a whopping profit of $ 327.4 million, almost a $ 100 million more than the previous year. Unfortunately, before Cantalupo could use his Midas’s touch for good, the highly effective CEO passed away in 2004 as a result of a massive heart attack.

5. Dan Hesse (Sprint)

Dan Hesse came on board as the CEO of Sprint in 2007, a period when the company was majorly free falling into destruction. It didn’t take long for Hesse to realise that the biggest problem Sprint was facing was the fact that consumers thought the prices were extremely high. One of Hesse’s first moves as the CEO was to introduce the Simply Everything plan, a strategy which redefined the way Sprint functioned. However, unlike other turnarounds, it took Hesse quite a while to restructure the profits of this particular company. It wasn’t till 2010, after a series of takeovers by Sprint and the introduction of new plans, that the company saw its first profit. By the year 2012, Sprint had recorded a massive profit of $ 35.3 billion, as opposed to the previous year’s profits of $ 33.7 billion. Hesse still continues to serve as the CEO of the company.

These CEOS have turned the world around and given their contemporaries a new milestone to achieve. Who’s your favourite CEO? Comment and let us know.

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