No Driverless Cars in India; AI Predictions..and more
Reason? It isn't about tech and infra, but possible *unemployment*
Last few days of this decade and here is where India is : talking religion, history and everything else while China continues to achieve AI-utopian world.
Here are the most important updates we believe will help you build a better perspective (as always, press the heart button if you like what you are reading, reply button if you have a feedback).
No Driverless Cars in India: Nitin Gadkari [Reason: Not tech feasibility, but unemployment]
“Many times I am asked what about a driverless car? Then I say till the time I am the transport minister, you forget that. I will not allow a driverless car to come to India.” Stating that India has a shortage of 22 lakh drivers, Gadkari said there was a need for growth of employment as well as the industry in the country.
And by the way, Ola/Uber drivers are *unemployed* after the Internet ban. They are struggling to pay EMIs.
Irony !
India’s growth numbers unpleasantly surprising: IMF chief Gita Gopinath
With a “sharp slowdown in investment” and drop in consumption growth, India’s “growth now is primarily driven by government spending.
With a “sharp slowdown in investment” and drop in consumption growth, India’s “growth now is primarily driven by government spending,”
Artificial intelligence will not be used in Indian courts: CJI
Indian courts will not be seeing the usage of artificial intelligence in the decision-making process any time soon, as per Chief Justice of India (CJI) SA Bobde.
He made this clarification after the former chief justice of India RM Lodha expressed concern about the use of Artificial Intelligence at a programme in Nagpur.
Number of debit cards in India down by 15%
The number of debit cards in India is down by 15% from 998 million cards , as on Nov 3, 2018 to 843 million, as of October 2019.
Reason? As per bankers, nearly 155 million cards went out of the market because of the EMV migration from magnetic-strip to chip-based cards, weeded out dormant accounts and inactive cards.
AI won’t take your job, but will change how you work: 2020 AI Predictions from IBM Research
AI won’t take your job, but it will change how you work: AI will continue to impact the workplace for years to come. But the fear that humans will lose their jobs to machines is unjustified. Rather, AI will transform the way people work, through automation.
Dunzo gets approval to test long-range drones
India’s civil aviation authority has selected the applications of Dunzo and Bengaluru-based drone maker Throttle Aerospace Systems to test long-range and autonomous drone use, as part of DGCA’s Beyond visual line of sight (BVLOS) progamme.
Not a Kids game? Well, kids are killing it on YouTube #HigestPaid2019
“YouTube is the most popular babysitter in the world,”
Videos with children in them average almost three times as many views as other types of videos from high-subscriber channels.
8-year-old Ryan Kaji, this year’s top YouTube earner recorded $26 million revenue. The Russian-born 5-year-old Anastasia Radzinskaya made $18mn.
HubSpot approaches $1 Billion in ARR; Here are important lessons for SAAS founders
Hubspot is aiming to cross $1 billion in ARR in 2020 (with an ACV of $10K). What you can learn from their super sustained growth? Here are some data points:
– Freemium remains the source of 60% of HubSpot’s customers, even at almost $1b in ARR.
– International is 40% of revenues today and a growth accelerator.