• In two major boosts to the AI world, UAE has appointed Omar Bin Sultan Al Olama as the country’s first Minister of State for artificial intelligence. The decision comes as the country aspires to excel in the forefront of the global technological revolution. UAE has recently announced strategy for Artificial Intelligence, which is a major part of the UAE Centennial 2070 objectives. In another middle East Asian news, Sophia has become the first robot to be granted citizenship in the world. Saudi Arabia has become the first country to give a bot this status.
  • Microsoft and AWS have joined hands on many resources recently. These include pooling resources to make Cortana and Alexa smarter. by giving users access to Cortana and Alexa. Recently, to roll out Gluon an open source deep learning interface which allows developers to more easily and quickly build machine learning models without compromising training performance.
  • A study carried out by Analytics India Magazine and Analytix Labs titled ‘Analytics India Industry Study 2017’, suggests that the Analytics/Data science/Big Data industry in India is currently estimated to be $2.03 billion annually in revenues and that it is growing at a healthy rate of 23.8 per cent Compound annual growth rate (CAGR).
  • Total mobile wallet transactions in India are on track to reach INR800bn in 2017, a growth of 113% on the previous year, according to Global Data, a leading data and analytics company. The company estimates that the market will continue to grow at a brisk pace to surpass the INR1tn mark in 2018.
  • Last month, Cypher 2017 Analytics India Summit was a big success with more than seven hundred Industry experts participating in the same. Next month, Singapore will host presumable the world’s largest Fintech festival Singapore Fintech festival with participation of many Fintech clients and service providers across the globe.