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Data Science News
Analyticsindiamag
2w
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AI Agents Startup RapidCanvas Secures $16M to Address Technical Talent Shortage
- Austin-based RapidCanvas secures $16 million in a Series A funding round to advance its AI agents.
- The AI agents can automate up to 75% of complex tasks traditionally handled by data scientists and engineers.
- RapidCanvas aims to address the global technical talent shortage with its "Service-as-Software" model.
- The funding will help accelerate AI adoption and overcome the talent gap in industries.
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Analyticsindiamag
2w
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Indian Government Ready to Implement New Laws for AI
- Union Minister for Electronics and Information Technology, Ashwini Vaishnaw, is open to implementing new laws specific for AI to address fake news and safeguard freedom of speech.
- Vaishnaw emphasized the need for consensus on social media accountability and AI governance, stating that if there is societal agreement, a new law can be created.
- The Indian government has initiated eight projects under the AI Mission to develop indigenous solutions for privacy and governance challenges in AI.
- India is recognized for its leadership in shaping global AI policies and actively participating in international AI discussions.
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Educba
2w
244
Image Credit: Educba
Retrieval Augmented Generation (RAG)
- Retrieval Augmented Generation (RAG) is a technology that combines data retrieval and generation to quickly provide accurate, context-rich answers by searching and using relevant information from large data sources.
- RAG integrates with vector databases, has a query processing system, and includes a context enhancement layer to enhance the retrieved information.
- Implementing RAG offers benefits such as enhanced data accuracy, improved response time, and better context retention, leading to increased business performance and outcomes.
- The future of RAG in the enterprise landscape involves its application in diverse industries like healthcare, finance, e-commerce, and customer service, with integration of other emerging technologies like AI and blockchain.
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Dev
2w
420
Image Credit: Dev
Mastering Algorithms with Go: A Beginner's Guide to Sorting Small Data Sets đ„
- Sorting data is a crucial task for developers, and understanding sorting algorithms is essential for writing efficient, scalable, and maintainable code.
- In this article, we explore the implementation of sorting algorithms in Go and their relevance in real-life scenarios, focusing on small data sets.
- We start with one of the most basic and fundamental sorting algorithms- QuickSort.
- QuickSort uses a divide-and-conquer approach for efficient sorting of a slice in descending order.
- The partition function of QuickSort ensures rearrangement of elements for larger scores on the left and smaller scores on the right.
- UpdateScore function finds and updates a participant's score based on their name, whereas DisplayLeaderboard displays a leaderboard in a readable format.
- AddParticipant function helps to append a new participant to the existing participants' slice after checking if the participant already exists.
- CheckIfParticipantExists is a helper function to verify if a participant's name is already present in the leaderboard.
- A sample workflow in the Main function highlights the application of all the functions to get a dynamic leaderboard.
- The project is available on GitHub to explore the complete code implementation and try it out.
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Medium
2w
30
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Revolutionizing Credit Risk Modeling: Beyond Merton in a Volatile World
- Credit risk modelling using Merton's Model has long been the go-to framework for assessing default probability in loans or bonds.
- However, in today's volatile financial markets, static assumptions and unstructured data make Merton's Model less reliable.
- To overcome these limitations, integrating generative AI and hybrid models can provide a fresh approach to credit risk modelling.
- These techniques involve processing unstructured data, generating realistic stress scenarios, and combining structural models with data-driven methods.
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Analyticsindiamag
2w
727
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Amgen Appoints Naveen Gullapalli as Managing Director of India Operations
- Amgen has appointed Naveen Gullapalli as Managing Director of Amgen India.
- Gullapalli will oversee the Amgen India Technology and Innovation hub.
- Amgen's Hyderabad facility aims to drive digital transformation and innovation.
- The facility will accommodate up to 3,000 employees and focus on AI and life sciences.
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Medium
2w
141
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The Future Is Here: 7 AI Technologies You Should Know About
- Artificial Intelligence is powering major innovations that are changing the world.
- Generative AI is evolving to personalize experiences beyond text and images.
- Multimodal AI combines vision, text, and audio processing for comprehensive understanding.
- AI-powered systems can diagnose medical conditions and assist in drug discovery.
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Siliconangle
2w
245
Image Credit: Siliconangle
RapidCanvas raises $16M to streamline data science projects with AI agents
- Data science startup RapidCanvas Inc. has raised $16 million in a funding round led by Peak XV, bringing its total raised since launch to over $23.5 million.
- RapidCanvas offers a software platform that automates data science tasks using AI agents, capable of automating up to 75% of the tasks involved in data science projects.
- The platform provides integrations with over 500 sources for collecting data and offers a drag-and-drop interface for data preparation and feature engineering.
- RapidCanvas also supports data visualization, benchmarking, and administrative tools for easier management of the software.
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VentureBeat
2w
227
Image Credit: VentureBeat
OpenAI rolls out ChatGPT for iPhone in landmark AI integration with Apple
- OpenAI has integrated ChatGPT directly into Siri, writing tools, and camera features as part of Apple's latest iOS release.
- The integration marks the opening of Apple's core iPhone features to outside software and allows ChatGPT to process commands via Siri.
- Users can access basic ChatGPT features without an account, while premium capabilities require a subscription.
- The partnership aims to address challenges for both firms; for Apple, it boosts high-end device sales, while OpenAI gains access to more than one billion iPhone users.
- Offering AI features on newer devices creates a compelling reason for consumers to upgrade.
- OpenAI is under pressure to generate revenue while managing massive computing costs, with reports suggesting computing expenses could reach $5bn annually by 2025.
- The integration accommodates companies that have invested in standalone AI solutions, allowing them to consolidate these tools and potentially shift enterprise budgets toward platforms that integrate with Apple's ecosystem.
- Apple maintains its focus on hardware and user experience while leveraging partnerships to bring AI to its ecosystem.
- The partnership may prove the most significant of OpenAI's â12 Days of Shipmasâ product launches.
- Neither company is exchanging cash payments initially, but future revenue-sharing agreements are being explored.
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VentureBeat
2w
68
Midjourney is launching a multiplayer collaborative worldbuilding tool called âPatchworkâ
- Midjourney, the AI image generation startup, is launching a multiplayer collaborative worldbuilding tool called 'Patchwork'.
- Patchwork is a web-based tool with an infinite white canvas and various tools for creating characters, events, factions, places, and props.
- Users can switch between different worlds, generate new worlds based on text prompts and image styles, and collaborate with other users in real-time.
- Midjourney plans to introduce more features, including multiple character consistency, 3D virtual reality scenes, and personalization options for users.
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Analyticsindiamag
2w
415
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Google Launches Gemini 2.0 Making the Age of AI Agents a Reality
- Google has launched Gemini 2.0, its next-generation AI model.
- Gemini 2.0 introduces agentic functionalities and multimodal capabilities.
- It supports multimodal inputs and outputs, faster response times, and outperforms its predecessors.
- Google has also introduced Project Astra, Project Mariner, Jules, and Genie 2.
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Analyticsindiamag
2w
400
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âAlphaFold is Just 4 Years OldâVery Young to be a Nobel Prize Materialâ
- The Nobel Prize in Chemistry was awarded to Demis Hassabis, John M. Jumper, and David Baker for their contributions to protein structure prediction through the AI system AlphaFold.
- AlphaFold, just 4 years old, is one of the youngest innovations to receive a Nobel Prize.
- AlphaFold predicts the 3D structure of proteins from their amino acid sequences and has been widely used by researchers worldwide.
- JĂŒrgen Schmidhuber, director of the AI Initiative at KAUST, raised allegations of plagiarism against the Nobel laureates Hinton and Hopfield.
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Towards Data Science
2w
45
Image Credit: Towards Data Science
3 Business Skills You Need to Progress Your Data Science Career in 2025
- To progress your data science career in 2025, you'll need more than just coding skills. As you progress, you'll need to communicate with stakeholders and understand finance to drive projects forward.
- You must speak the language of business to highlight how data science initiatives impact business areas, making your analysis more relevant to financial stakeholders.
- Keeping up to date with the latest tools, techniques, and trends of the AI/ML/Generative AI field will be essential for any sort of thought leadership.
- Understand how innovations are shaping industries and check compliance with relevant guidelines. Acknowledge the bigger picture around the tech field, especially as governments around the world focus on regulating AI.
- Stepping into a leadership position requires being firm yet polite, explaining what the team needs to do with stakeholders, and managing teams, data storytelling, and collaboration.
- The book collection for upskilling in finance includes books like the Alchemy of Finance, Value Investing, and One Up On Wall Street. Subscribe to weekly AI newsletters.
- Learn the different dynamics at play to communicate effectively and be more diplomatic and rational when responding to ideas or scope creep up in meetings.
- Lead stakeholder-facing meetings at work, volunteer for roundtable discussions, and fireside chats and back up your arguments with evidence from books, recent news, and reputed research papers.
- No one is better positioned than you to take the reins as a person with both tech and business skills.
- Understand the technology behind the black box models and align them with the business unit's objectives to grow and succeed.
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Datarobot
2w
90
Image Credit: Datarobot
AI apps and agents that scale impact across your business
- Despite significant investments in AI, many organizations struggle to convert that potential into compelling business outcomes.
- Only a third of AI practitioners feel equipped with the right tools, and deploying predictive AI apps takes an average of seven monthsâeight for generative AI.
- Data science and AI teams often face lengthy cycles, integration hurdles, and inefficient tools, making it difficult to deliver advanced use cases or integrate them into business systems.
- To address these challenges, DataRobotâs AI apps and agents help streamline deployment, accelerate timelines, and simplify the delivery of advanced use cases, without the complexity of building from scratch.
- Delivering impactful AI use cases can be faster and more efficient with custom AI solutions.
- Simplifying app development, hosting, and prototyping can accelerate delivery and enable faster integration into business workflows.
- The right AI apps and agents unify processes, reduce errors, and align outcomes with business needs.
- DataRobotâs Declarative API Framework simplifies the development of scalable, repeatable AI applications for generative and predictive use cases.
- DataRobotâs one-click integration with SAP Datasphere and AI Core simplifies AI models integration into existing ecosystems.
- The right AI apps and agents can help you focus on achieving enterprise AI at scale.
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Analyticsindiamag
2w
146
Image Credit: Analyticsindiamag
Google Crashes Copilot Vision, Computer Use Party with Mariner
- Google has announced Project Mariner, a research prototype that understands and reasons based on web browser navigation.
- The agent uses a Google Chrome extension to read and interact with websites, completing tasks on the user's behalf.
- Project Mariner demonstrated its capabilities by finding a painting and adding items to an Etsy cart.
- Google's Project Mariner competes with Microsoft's Copilot Vision and Anthropic's Computer Use.
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