AIM’s Post

Data is the fuel for generative AI. Vast amounts of data and the cloud’s crucial ability to store and process it at scale drove the rapid rise of powerful foundation models. If enterprises can corral their scattered data and make it all available, they can easily fine-tune these models or use retrieval augmented generation (RAG) to tailor them to their business needs. However, the relationship between data and AI goes both ways. AI, too, can be used to improve and enhance your data and make it available for analysis. Ishit Vachhrajani | Arvind Mathur | Mark Schwartz | Phil Le-Brun | Apurv Bhatnagar | Amazon Web Services (AWS)

Creating videos is a time-consuming process, involving brainstorming, scripting, editing, and voice-overs. But generative AI is stepping in to revolutionize how content creators work, reducing time spent on routine tasks. One platform leading this charge is invideo, offering creators a way to manage all aspects of video production with just a few prompts. Co-founder and CEO Sanket Shah shared that InVideo attracts nearly 3 million new users monthly, with 150,000 paid users. Shah emphasized that while they aren't developing large models themselves, they focus on tailored AI models for tasks like lip-syncing and are soon launching a feature that lets users create digital avatars of themselves.

Finding the perfect product-market fit is often a winding journey for startups, sometimes requiring several pivots. Eric Ries popularized the idea of a "pivot" in his book, highlighting how course correction is crucial for startup success. In India, Zepto and Razorpay, both unicorns and Y Combinator alumni, pivoted early to hit their stride. Globally, companies like Instagram, Twitter, and Slack pivoted within their first year, leading to massive success. Quick pivots can unlock potential, but too many may lead to "Pivot Hell," where frequent changes leave founders overwhelmed and disengaged. Should you pivot fast? Yes—but wisely. Netflix | PayPal | YouTube | Twitter | WhatsApp | Instagram | Slack | Razorpay | Zepto | Reed Hastings | Marc Randolph | Alex Chriss | Steve Chen | Chad Hurley | Stewart Butterfield | Serguei Mourachov | Harshil Mathur | Shashank Kumar | Aadit Palicha | Kaivalya V.

At Cypher 2024, Pradeep Gulipalli, Co-Founder & CEO of Tiger Analytics, India, said it best: "AI thrives on data." But before AI can work its magic, data needs to be cleaned, organised, and harmonised—no small feat! With AI automating these processes, businesses can unlock insights faster, turning unstructured data into valuable intelligence. From customer segmentation to anomaly detection, AI helps refine the entire data lifecycle.

Shorthills AI, a Gurgaon-based startup, is on track to generate $5M this year by helping enterprises tackle one of their biggest challenges—unstructured data. From finance to legal, they're building AI-powered search tools that sift through mountains of documents to extract gold! Already partnered with PwC, they're now diving into creating a domain-specific AI model for the financial sector. Is your enterprise ready for this game-changing tech? Read the complete interview with Pawan Prabhat & Paramdeep Singh, co-founders at Shorthills AI.

In our September 2024 print edition of AIM, we had the honor of sitting down with AI pioneer Yann LeCun. In this in-depth interview, Yann shares his latest research insights and critiques the evolving dynamics of AI citations. Don't miss this candid conversation, where he also discusses his thoughts on long-time collaborator Jürgen Schmidhuber. 🔗 Access the full interview in our online edition here: https://lnkd.in/g27MtyH4

“IN-SPACe plays a crucial role in boosting the private space sector economy in India. We act as a promoter, enabler, authoriser, and supervisor, ensuring a conducive environment for private enterprises,” said Dr. Vinod Kumar, FIE, FIETE, Director at IN-SPACe, during Cypher 2024 hosted by AIM Media House. In recent years, the Indian Space Research Organisation (ISRO) has made significant strides in space exploration, fostering a thriving ecosystem of industries and MSMEs that serve as vital supply chain partners in the development of launch vehicles and satellites. This collaborative effort marks a transformative shift in India’s space landscape. A key milestone came in 2020 when the Union Cabinet, under the Prime Minister’s leadership, opened up the space sector to Indian private entities. To facilitate this transition, the government established IN-SPACe, an independent, single-window agency within the Department of Space (DOS), dedicated to promoting and enabling private sector participation in space activities. Read more: https://lnkd.in/gfDMz-s8

Bangalore has solidified its reputation as India's tech powerhouse, now emerging as the go-to hub for top BFSI tech talent. According to the latest Instahyre Report, the city leads in sourcing professionals for critical roles like Frontend, Backend, DevOps, and Data Science, outpacing Pune and Hyderabad. Notably, over 30% of skilled DevOps professionals, with expertise in Docker, Kubernetes, Jenkins, and AWS, are found in Bangalore alone. A thriving startup ecosystem, tech giants, and cutting-edge innovations have made Bangalore the ultimate destination for companies seeking elite talent. Despite challenges like layoffs and economic uncertainty, the Indian IT sector remains resilient, with tech hiring showing promising growth. Read in detail here: https://lnkd.in/gADShKS5

As the AI world is shifting towards building agentic systems, OpenAI’s team has decided to give the world an open source gift. The team has released Swarm, an open source framework for building, orchestrating and deploying multi-agent systems. Managed by the OpenAI Solutions team, the framework is still in its experimental phase and is currently not intended for production. Swarm is designed to make agent coordination and execution lightweight, highly controllable, and easy to test. It achieves this using two core abstractions: Agents and handoffs. An Agent holds instructions and tools and can transfer control to another Agent at any time. Read more here: https://lnkd.in/gapXEeQF

Are You Prepared for the New Era of Fraud? Join us for the DBS x AIM webinar on "Fraud and Risk Detection in the LLM Era," happening on October 25th, 4:00 PM – 5:00 PM! Learn from industry experts about how LLMs are revolutionizing fraud detection. ▪ Key Highlights: -Insights from leaders at DBS Tech India and HDFC Bank -Strategies to combat new fraud types -Live Q&A session 🎤 Speakers: Mayank Gupta, Head of Middle Office Technology, DBS Tech India Sahil Aneja, Vice President | Vertical Head - Consumer Insights at HDFC Bank Secure your spot now 👇 https://lnkd.in/gNgcMugZ