Monday October 21, 2019
Home Lead Story Facebook, T-H...

Facebook, T-Hub Look for Innovative Indian AI Startups

The programme will support a cohort of AI startups in the domains of empowerment of women and girls, agriculture, healthcare, education, climate change and resilient cities, etc.

0
//
facebook
FILE - A 3D printed Facebook logo is seen in front of a displayed Russian flag in this photo illustration, Aug. 3, 2018. VOA

Facebook, in partnership with the global startup catalyst T-Hub, on Friday announced to open applications for the second edition of the “India Innovation Accelerator’ programme.

In the first edition, T-Hub and Facebook selected a cohort of nine start-ups from 20 shortlisted applications for the three-month programme. These start-ups offered solutions with the potential to solve real-world problems in industries such as health tech, industrial manufacturing, human resources, education and corporate learning, among others.

The India Innovation Accelerator will now focus on identifying and empowering most innovative startups leveraging Artificial Intelligence (AI)-based solutions.

facebook, personal data
FILE – A man poses for a photo in front of a computer showing Facebook ad preferences in San Francisco, California, March 26, 2018. VOA

“With the second edition of the India Innovation Accelerator programme, we want to help build the ecosystem for AI in India and support startups with the resources and opportunities,” said Satyajeet Singh, Head of Platform Partnerships, Facebook India and South Asia.

The programme will support a cohort of AI startups in the domains of empowerment of women and girls, agriculture, healthcare, education, climate change and resilient cities, etc.

Also Read- Now You Can Create Poem Portrait with the Help of Google AI

“We are excited to partner again with Facebook and work with some of the best startups in India in AI for social good space,” said Ravi Narayan, CEO of T-Hub. (IANS)

Next Story

Facebook Loses its Place Among the World’s 10 Most Valuable Brands

Only 28 per cent of Facebook users believed the company is committed to privacy, down from a high of 79 per cent

0
Corporate, America, Climate Change
FILE - In this April 30, 2019, file photo, Facebook stickers are laid out on a table at F8, Facebook's developer conference in San Jose, Calif. The Boston-based renewable energy developer Longroad Energy announced in May that Facebook is building a… VOA

Hit by privacy scandals and year-round investigations, Facebook has lost its place among the world’s 10 most valuable brands in global brand consultancy Interbrand’s annual ranking of best top 100 brands.

Facebook fell to the 14th spot. Two years back, the social networking giant was at the eighth spot in the list, billed as a “rapidly appreciating” brand.

Apple led the top 100 best brands’ list, followed by Google and Amazon. Microsoft was the fourth, Coca Cola fifth and Samsung came sixth on the list.

The seventh spot was grabbed by Toyota, Mercedes was the eighth, McDonald’s ninth and Disney was at the 10th spot.

Pitching for breaking up Facebook, US-based software giant Salesforce CEO Marc Benioff has called the social networking platform “new cigarettes” which are making kids addictive. Benioff said that the company must be held accountable now.

Several US lawmakers like Senators Kamala Harris and Elizabeth Warren have also been pitching to break up Facebook.

Fake, News, WhatsApp, Facebook, India
The Facebook mobile app on an Android smartphone. Wikimedia Commons

Nearly 40 state attorneys general in the US have decided to join probe against Facebook’s anti-competitive business practices.

Facebook this year agreed to pay $5 billion as a settlement to the US Federal Trade Commission (FTC) over privacy violations.

According to a survey by independent research firm Ponemon Institute in 2018, users’ confidence in Facebook plunged by 66 per cent after Cambridge Analytica data scandal involving 87 million users.

Also Read: Apple Users can Now Report Accidents, Traffic on Google Maps

Only 28 per cent of Facebook users believed the company is committed to privacy, down from a high of 79 per cent.

“We found that people care deeply about their privacy and when there is a mega data breach, as in the case of Facebook, people will express their concern. And some people will actually vote with their feet and leave,” Ponemon said in a statement. (IANS)