The month of May was about unseasonal rains, cyclones, Covid and AI. Did you know, governments across the world have been ramping up their investment in AI. Ireland with its 'Here for Good' to provide direction to design, development and adoption in AI in Ireland. US is expected to commit around $6 billion in AI based research and development, while the Indian government increased the total outlay to a whopping $477 million for the Digital India growth story. With this edition of our newsletter, we take a peep into the world of Art, CGI, aviation industry and how AI is changing them. Read all about it below.
It is often that we get mesmerized by the great lighting touch-ups with apps like Adobe’s Photoshop or even your Google Photoshop but there is much more in the offing by AI like GAN (generative adversarial network). It leads us to answer an important question Art is up AI’s alley. Will traditional artists be replaced?
Did you know about Shudu Gram, the world famous, first digital supermodel spreading wings all over Instagram with 217k followers. For long, Instagrammers thought she was real before it was revealed that she is a virtual model. Then there is Imma, a virtual influencer created using CGI who shot to fame with IKEA, Japan's campaign. As part of the campaign, the CGI model Imma was made to live in an IKEA apartment in their Harajaku shop in Tokyo. People could in fact see Imma in the apartment doing various chores like chopping food, other day-to-day chores using IKEA products in an IKEA decorated home and even yoga! You can read about it here.
From virtual influencers to aviation. We realized, one of the significant developments that has been transforming the aviation industry is through AI. We are not far from the day when end-to-end touch-free air travel will become a reality. Current uses of AI tech in aviation already include AI bots, thermal cameras, facial recognition tools, flight predictions etc. Here's how AI tech has been successfully put to use. You can read about it here.
Taking a lead from the previous post, we take a dive into Airline operations to see how AI is helping the industry to optimize their performance. AI is certainly helping the aviation industry become better by analyzing feedback to revenue management to automated messaging and even in-flight sales and food supply.
As always, we look forward to your messages. Do write to us to at [email protected] to know how we can help your business.
And last but not the least, leaving you with something that all of you look forward to! Signing of with a dose of humor 😊
Video editing and film-making
If you have ever been in the business of video editing, especially when a famous celebrity was involved, and no matter how much you try to salvage the video, you cannot; deepfakes will help with that clip and your video will be made uninterrupted. Earlier, movie directors would spend millions on creating the perfect location for their movies. This is now achievable with a far lesser sum using deepfake and AI. Deepfakes can be real game-changers in film-making. Imagine new movies starring Charlie Chaplin opening to full houses. This, ofcourse, after all the copyright issues are taken into consideration..
What is the brand which comes to people's mind when they think about purchasing consumer electronics- is it Reliance Digital Retail Ltd.? Has Xiaomi Technology finally positioned itself as a premium brand? What is common between multi-brand electronic retailers and the people who visit them? What is consumer mindset of someone who wants to purchase consumer electronics and what other places these people go to and what are their brand affinities like?
Sherlock AI (powered by Infinite Analytics) looks into all the people who visited consumer electronics stores in the month of October and connects the dots. Take a 3 minute journey and understand consumer mindset of electronics buyers analytically!
Did you know that jewelry stores’ visitation went up by 125% during the Dhanteras weekend? Sherlock AI analyzed all consumers who visited jewelry stores pan-India and revealed that though typical weekend footfall surges in Jewelry shops is around 16%, the Dhanteras weekend contributed to a whopping 125% surge! WHOA!
Indians have always preferred gold as an asset class and an investment vehicle. With Dhanteras being among the most auspicious occasions to buy gold, Indians did indeed flock to the ‘market’ to buy gold.
It’s most obvious in the digital media space, from click buys to personalized web experiences. For marketing, the AI journey has just kick-started, while in the tech sector it has been applied for a while now. We are still at an early stage where inroads are being made into AI content via chatbots and even some explanatory content creation but what will make anyone jump up and embrace it is when we will start seeing a lot of mainstream content being created by AI.
Prior to joining Infinite Analytics, Richard served as the CFO of CrowdFlower, COO and CFO of Phoenix Technologies, as a member of the board of directors and chairman of the Audit Committee at Intellisync, and previously as CFO and executive vice president strategy and corporate development at Charles Schwab.
Pravin Gandhi has over 50 years of entrepreneurial operational and investing experience in the IT industry in India. He was a founding partner of the first early stage fund India - INFINITY. Subsequently a founding partner in Seedfund I & II. With over 18 years of investing experience, he is extensively well networked in investment and entrepreneurial scene and is an active early stage angel investor in tech & impact space. Pravin holds a BS in Industrial Engineering from Cornell University, and serves on the board of several private corporations in India. He is on the board of SINE, IIT Mumbai Incubator.
Puru has his Masters in Engineering and Management from MIT. Prior to MIT, he worked with Fidelity Investments building electronic trading products and high volume market data processing applications. He has completed his BE from VJTI, Mumbai.
Deb Roy is Professor of Media Arts and Sciences at MIT where he directs the MIT Center for Constructive Communication, and a Visiting Professor at Harvard Law School. He leads research in applied machine learning and human-machine interaction with applications in designing systems for learning and constructive dialogue, and for mapping and analyzing large scale media ecosystems. Deb is also co-founder and Chair of Cortico, a nonprofit social technology company that develops and operates the Local Voices Network to surface underheard voices and bridge divides.
Roy served as Executive Director of the MIT Media Lab from 2019-2021. He was co-founder and CEO of Bluefin Labs, a media analytics company that analyzed the interactions between television and social media at scale. Bluefin was acquired by Twitter in 2013, Twitter’s largest acquisition of the time. From 2013-2017 Roy served as Twitter’s Chief Media Scientist.
Erik Brynjolfsson is the Jerry Yang and Akiko Yamazaki Professor and Senior Fellow at the Stanford Institute for Human-Centered AI (HAI), and Director of the Stanford Digital Economy Lab. He also is the Ralph Landau Senior Fellow at the Stanford Institute for Economic Policy Research (SIEPR), Professor by Courtesy at the Stanford Graduate School of Business and Stanford Department of Economics, and a Research Associate at the National Bureau of Economic Research (NBER).
Akash co-founded IA while studying for his MBA from MIT. Prior to MIT Sloan, he co-founded Zoonga. Before this, Akash was an engineer with Oracle in Silicon Valley. He has completed his M.S from University of Cincinnati and B.E from the College of Engineering, Pune.