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AI Based Startups Currently Making A Splash

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The year is 2019 and at the moment, there is one thing on every tech company’s mind—Artificial Intelligence (AI.) Startups all over the world are taking a leap with AI and Machine Learning (ML) as their wing bearers. From offering services like automated data collection to real time data collection, here are the best AI powered startups to watch out for this year:

1. Front

Although Front officially launched in the year 2014, it started making its presence felt only in the beginning of 2019. A completely user friendly tool, Front helps users stay connected to all the emails in your inbox, social media content and all your texts. By collating all the unread data in one place, this tool makes sure you don’t lose time by constantly switching between one app to another. The app is doing so well that CEO Mathilde Collin raised $ 66 million and made Front one of the hottest startups of this year!

2. Five AI

While the automotive industry has been dreaming about self driven cars for quite a while now, not a lot of companies have been able to turn this dream into reality. One of the major concerns about this field is, while the car can drive itself, will the car ensure the safety of the drivers and passengers as well? Five AI is a startup which is working on this very issue. Based out of Europe, this Company works on making sure all the cities in Europe have immersive and secure autonomous driving services. Five AI is planning to start trials with this service this year.

3. SenSat

Based out of Europe, SenSat is making massive waves by using AI. By building digital copies of physical environments, this Company uses artificial intelligence models to understand the parameters of the environment. By doing this, the startup aims at analysing and understanding the structure of the place so they can understand how much impact the project will have on the environment. To date, SenSat raised 3.4 million pounds in seed funding and has made a steady climb to the top in this field.

4. Toutiao

Founded in the year 2012, Toutiao is based out of China. A content platform, this startup helps people discover content all over the world by using artificial intelligence technology. Using the Natural Learning Process and Computer Vision tools, this Company extracts keywords and entities from individual pieces of content. In the beginning of this year, Toutiao joined Buzzfeed to distribute content to 120 million consumers in China!

5. Skydio

This startup combines two of the most exciting fields in technology: AI and drones. Based in San Francisco, this startup designs self flying camera drones which drive without any help from humans. Not only does it show and interpret things around it, it can also give visuals as seen in real time. One of the primary things on which this startup is working is making sure visuals are captured without obstacles. The AI powered drone can be remotely controlled from your smartphone.

About which startup are you most excited? Comment and let us know!

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Women Scientists Turned Entrepreneurs

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There are hundreds of innovations and discoveries born in the field of science and engineering every year in universities around the world.  However, only a few of them are able to make it into commercial ventures. Today, we will be looking into women who turned their groundbreaking research into successful businesses.

 

1) Nina Tandon

Nina Tandon is a biomedical engineer and co founded the company Epibone.  The main aim of the Company is to develop technology to develop bone reconstruction solution through stem cells.  The Company creates bone tissues from a patient’s stem cells and grows them in vitro for use in bone grafts. Tandon serves as the CEO of Epibone and is also an adjunct professor of electrical engineering at the Cooper Union in New York.  Tandon was named a TED Fellow in 2011 and a senior TED Fellow in 2012.  In 2013, she received an award at the Marie Claire’s Women on Top Awards.

 

2) Anuradha Acharya

Anuradha Acharya is the founder and CEO of Mapmygenome, a company which focuses on preventive healthcare options through genome sequencing.  She also founded another company called Ocimum Biosolutions, a genomics outsourcing company for discovery, development and diagnostics. In 2015, Mapmygenome made news for raising funds worth $ 1.1 million from a group of investors.  Acharya was awarded the Entrepreneur of the Year award by the magazine Biospectrum in 2008.  Her name was included in the 2018 W-power trailblazers by Forbes.

 

3) Sinead O’Sullivan

An aerospace engineer, Sinead O’Sullivan specialises in space technology and is currently  the CEO of Avioptix, a company which captures, stores and analyzes real time data from satellites, drones and ground robotics.  Her Company created the first ever platform to crowdsource drone data. Avioptix tailors their insights to the needs of their clients, supporting agriculture, oil and gas, insurance and NGOs.

4) Rana el Kaliouby

Rana el Kaliouby is a computer scientist and the co founder and CEO of Affectivia.  Affectivia is an emotion measurement technology company which develops software to recognize human emotions based on facial expressions and physiological responses.  As a research scientist at MIT, her initial focus was on ways to improve human-computer interaction, but she quickly realised the possibility of using the technology to improve human to human interaction, especially for those affected by autism.  She was inducted into the Women in Engineering Hall of Fame and was mentioned in Forbes America’s Top 50 Women in Tech 2018.

These women serve as perfect examples and inspiration for women working in the STEM field to grow their research into a business empire.  If we missed mentioning any such women scientists who turned into entrepreneurs, comment and let us know.

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Panasonic Founding Story – Journey of Konosuke Matsushita

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From starting his journey with an electric light bulb idea to creating a multinational electronics corporation, the rags to riches story of Konosuke Matsushita is truly inspirational.  Known as the “God of Management,” the founder of Panasonic was involved in many other business ventures, which, together, gave him a net worth of $ 3 billion.

 

Matsushita had humble beginnings.  Being born to a gambling father, Konosuke Matsushita started working at the age of 9 to support his family.  Eventually, he started working for the Osaka Electric Light Company, where he climbed the ladder of success very quickly, without any prior school education.  This is the company where he came up with the design of an improved light socket, which was far superior than the bulbs available at the time. After getting rejected by an unenthusiastic boss, Matsushita took it upon himself to sell the light bulbs and started his own company.

 

At the age of 23, in 1918, he founded the Matsushita Electric Industrial Company and began making light bulbs in his garage, with the support of his wife and 3 assistants.  The business was unsuccessful in the early years, but the sales picked up with time. By 1922, his Company, which now had a new factory and 50 employees, started introducing new products every single month, which were far superior than the competitors’.  Matsushita’s business strategy was to launch products which were lower in price by 30 % and better in quality by 30 %. 

The battery powered bicycle lamp is considered one of Matsushita’s  best inventions. Candles and oil lamps were used as bicycle lamps in the 1920s and only lasted a few hours.  With a keen eye to identify markets with non serviceable goods, Matsushita quickly realised, developing efficient bicycle lamps would be profitable for the Company.  He created oval shaped lamps, which had light bulbs for illumination and ran on battery. 

 

In 1930, when the Company’s sales dropped, Matsushita truly proved his leadership and  management skills. He cut the production in half without laying off any employees. He said, “We’ll halve production not by laying off workers, but having them work only half days. We will continue to pay the same wages they are getting now, but there will be no holidays. All employees should do their best to sell inventory.”  According to Panasonic, this strategy worked and the company survived.

 

In 1935, the Company, bearing in mind its various businesses, was incorporated as Matsushita Electric Industrial Co., Ltd.  The Company suffered greatly during World War II as Japan lost the War, but was saved due to Matsushita’s amazing skills as a leader.  In the post War era, the Company came out with devices like washing machines, rice cookers, air conditioners and the product for which Panasonic is most famous—monochrome televisions (TVs.)  The Company also started expanding globally during the 1950s and introduced its first colored TV set in 1960.

 

After Konosuke Matsushita retired in 1961, his son in law, Masaharu Matsushita, became the president of the Company.  Post Konosuke Matsushita’s retirement, the Company was faced with the 1970s oil crisis, but managed to overcome it and only continued to expand its business.  Konosuke Matsushita passed away in 1989, but his legacy continues even today.

 

The 101 year old Matsushita Electric Industrial Co., Ltd., which changed its name to Panasonic Corporation in 2008, is now one of the top electronics companies in the world. 

 

Panasonic now has over 272,000 employees and at the completion of its 100th year (2018,) it reported an annual revenue of $ 72.32 billion.  The Company has been climbing the ladder of success continuously. This was all made possible because of Konosuke Matsushita’s determination to succeed and excellent management skills.

 

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Arianna Huffington Unknown Facts

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Arianna Huffington, the Greek-American author and founder of the Huffington Post, is regarded as one of the most powerful women in the world by Forbes.  With an estimated net worth of 50 million USD, this Cambridge alumni is a Pulitzer award winner and is known for creating one of the most popular news websites.  Keep reading to know some lesser known fact about this celebrated author and businesswoman.

 

Unknown facts about Arianna Huffington

 

1.. Arianna barely spoke any English when she moved to Cambridge University.  To overcome the language barrier, she took to debating and taught herself how to speak English.  Even with constant humiliation from people for her accent, she persevered and was elected to become the president of the debating society.

 

2.In 2007, Arianna got a wake up call about the importance of getting adequate sleep, when she collapsed due to exhaustion.  Calling sleep deprivation the new smoking, the successful business woman tries to sleep 8 hours a day, 95 % of the time.

 

3.At the age of 22, she wrote her first book The Female Woman, which argued against the women liberation movement of the time and advocated for equal rights and equal opportunity for distinctly female roles.

 

4.She was rejected 37 times while looking for a publisher for a book and ran out of money by the 25th rejection.  She took a loan and found a publisher for her book by the 38th attempt.

 

5.Before starting the Huffington Post, her first venture into the online world was Registration.com, which called for the resignation of the then President, Bill Clinton.

 

6.Arianna published a biography about Maria Callas, called Maria Callas: The Woman Behind The Legend.  This book was accused of plagiarism by Gerald Fitzerlad, Callas’ biographer and ended with a court settlement.

 

7.She voiced a character named Arianna in Seth MacFarlane’s animated series, The Cleveland Show

 

8.In an email interview, Huffington shared, India has a special place in her heart as she spent some time studying comparative religion at the Visva Bharati University in the Country.

From not being able to speak English, to creating one of the popular news websites and becoming one of the most powerful women in the world, Arianna Huffington has became an inspiration to all.

 

Comment below and let us know which of these facts about Arianna Huffington interested you the most.

 

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