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AI As Augmented Intelligence Has A Powerful Proposition As It Augments Human Intelligence, States Indian Angel Network’s Co-Founder Padmaja Ruparel

OutlookIndiaOutlookIndia · 1y ago
AI As Augmented Intelligence Has A Powerful Proposition As It Augments Human Intelligence, States Indian Angel Network’s Co-Founder Padmaja Ruparel
Medial

Padmaja Ruparel, co-founder of the Indian Angel Network (IAN), believes that instead of job losses, AI and generative AI (gen AI) will lead to skill upgrade and productivity enhancement. Startups are expected to drive technological adoption, and Ruparel predicts that these startups will not only focus on niche-gen AI applications but also expand across sectors like healthcare and manufacturing. She also sees large IT and ITeS companies acquiring startups in order to scale up their business faster. However, she acknowledges that the investment community in India is not yet fully mature when it comes to backing gen AI startups. Ruparel looks for investment propositions that can deliver a different level of wisdom and profitability using AI and Gen AI technology.

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Accounting and tax management platform Febi.ai raises $2 Mn

EntrackrEntrackr · 10m ago
Accounting and tax management platform Febi.ai raises $2 Mn
Medial

Accounting and tax management platform Febi.ai has raised $2 million in a pre-Series A funding round co-led by Lumis Partners, Virender Rana, Lenskart co-founder Amit Chaudhary, Padmaja Ruparel, Cashkaro co-founder Rohan Bhargava, Rajat Jain, and other investors. The proceeds will be utilized to further advance its artificial intelligence capabilities to automate accounting and tax compliance processes, ramp up customer acquisition, and expand its workforce, Febi.ai said in a press release. Co-founded in 2022 by Amit Jindal, Saurabh Jain, Ashu Goel, and Rahul Bansal, Febi.ai leverages AI technology to eliminate the hassles of manual data entry and errors in accounting and invoice verification. The platform automates documentation management and tax compliance while providing founders and entrepreneurs with real-time business insights to make informed decisions with greater confidence. The Gurugram-based company aims to solve real-time problems faced by teams and end users of existing accounting and tax compliance platforms. The platform claims to have been built by the chartered accountant community and will empower entrepreneurs and the CA community with real-time insights and effective ways to manage accounting and tax compliance functions. Febi uses a cutting-edge AI/ML platform, coupled with a team of seasoned domain experts, including CAs and personal accountants, to ensure seamless management of all accounting, tax compliance, and finance operations in real-time. It also leverages a dedicated personal accountant for strategic financial guidance and support.

World’s first global AI resolution unanimously adopted by United Nations

ArstechnicaArstechnica · 1y ago
World’s first global AI resolution unanimously adopted by United Nations
Medial

The United Nations General Assembly has unanimously adopted what is considered the first global resolution on artificial intelligence (AI). The nonbinding resolution aims to protect personal data, improve privacy policies, monitor AI risks, and uphold human rights. It gained support from 121 countries, including China and the United States. The resolution, titled "Seizing the opportunities of safe, secure and trustworthy artificial intelligence systems for sustainable development," is seen as a significant step in establishing international guidelines for the ethical development of AI. It comes as governments worldwide are seeking to influence the trajectory of AI development amid concerns about its potential risks and impacts.

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