Dec 25, 2019 - Paytm vs Google Pay vs PhonePe: Who is winning?

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From the Editor's Desk

The Dark Secret at the Heart of AI

Last year, a strange self-driving car was released onto the quiet roads of Monmouth County, New Jersey. The experimental vehicle, developed by researchers at the chip maker Nvidia, didn’t look different from other autonomous cars, but it was unlike anything demonstrated by Google, Tesla, or General Motors, and it showed the rising power of artificial intelligence. The car didn't follow a single instruction provided by an engineer or programmer. Instead, it relied entirely on an algorithm that had taught itself to drive by watching a human do it.

Getting a car to drive this way was an impressive feat. But it's also a bit unsettling, since it isn't completely clear how the car makes its decisions. Information from the vehicle's sensors goes straight into a huge network of artificial neurons that process the data and then deliver the commands required to operate the steering wheel, the brakes, and other systems. The result seems to match the responses you'd expect from a human driver. But what if one day it did something unexpected - crashed into a tree, or sat at a green light? As things stand now, it might be difficult to find out why. The system is so complicated that even the engineers who designed it may struggle to isolate the reason for any single action. And you can't ask it: there is no obvious way to design such a system so that it could always explain why it did what it did.

Continued here

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The dark side of India’s gaming boom

What happens when a virus-induced lockdown and big data targeting make online real-money gaming skyrocket?.There’s one tool that the gaming industry is particularly hesitant to talk about—your data. Deployed effectively, it could take a potentially addictive product and make it impossible to resist



Today's TradeBriefs Cartoon

Loans, cards may be issued online soon

Only unsecured loans and credit cards may be sanctioned online.Loans such as that for a home would still involve physical processes as it requires valuation

As India stays home to beat COVID-19, Airtel unlocks its entire kids content catalogue for its customers

Airtel Xstream now offers FREE unlimited access to premium kids content, including movies, LIVE TV and learning shows With parents looking to keep children engaged while managing work from home during the ongoing COVID-19 nationwide lockdown, Bharti Airtel (“Airtel”) today said that it is making av

Indian Newspaper Society asks Sonia Gandhi to withdraw suggestion

Sonia Gandhi had earlier suggested to the government to impose a two-year ban on media advertisements by the government and PSUs.'Such a proposal tantamounts to financial censorship,' the Indian Newspaper Society said in a statement

How social commerce startup Mall91 wooed small-town India, and is now reinventing to deal with coronavirus

Social commerce has been one of the fastest growing segments of online retail. Meet Noida startup Mall91, which has reached more than 2,000 small towns.

Bitcoin Volatility Reached A 6-Year High In March

Bitcoin’s price volatility surged in March, rising sharply as the digital currency suffered severe losses amid a widespread sell-off in assets.

IT Ministry looking for more efforts from social media to check misleading content amid COVID-19

The IT ministry has not issued any legal notice to social media companies but is coordinating with them almost every day to act against such content, the officer said.

Why Facebook's Partnership With Plessey Is Important For AR Glasses' Future

Facebook had predicted that AR glasses would soon become mainstream, but this has not been the case. But the tech giant has finally begun to take an active interest in more practical versions of these glasses. Recently, it announced that it is working with Plessey to invest in research on the deep tech stack and…

Virtual Leaders I Life has become more disciplined: Jupiter’s Jitendra Gupta

Moneycontrol looks at how a scrum of business leaders is dealing with these fast changing times.

IBF feels stopping of Government Ads on TV would kill the sector

TV still remains the primary mode of disseminating these messages to the citizens of India and stopping these ads is not in public interest.

List of Top 25 Angel Investors in India

It is a known fact that 90% of startups in India fail within five years of operations. One of the reasons startups fail to reach their sixth year is their inability to raise funds. While a young startup might not be ready for investment from a venture capital firm, entrepreneurs can turn to angel investors …

Indians propel Google Pay, PhonePe as top fintech downloads in Feb 2020

Google Pay had 15.6 million installs globally in February 2020, followed by PhonePe, which registered over 6 million downloads. India accounted for a bulk of these downloads at 83.6 percent and 99.3 percent, respectively.

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