Thursday, 21 November 2019

Engineer.ai Over Tech

Sachin Duggal said, the company Engineer.ai never claimed to “automated software development,” they’ve always preferred the term “human-assisted AI.” The company has laid stress on being transparent to customers, investors and anyone they’ve interacted with.

The engineer.ai business model of human-assisted AI is designed to “remove any repetitive processes from the ‘build, run & scale’ journey.” platform-matching work is an important part of the process. AI and other technologies are an important part of the work, but the talent, capacity partners, have an equally important role to play. “The company will always be a human-assisted AI company as this partnership provides unique solutions that the customer needs,” it adds.

Duggal, in an exclusive interview to Inc42, said “they never got a chance to explain themselves before the report was released. I offered the person to meet me personally when I came to Delhi, but it never happened.”

The official statement, released last night, reads, “we (the founder and the team) offered to meet with the WSJ six times.  This, unfortunately, was never taken up; and we were never provided with documents to comment on. Many of our answers, which dispelled several of the allegations, were excluded from the reporting.”

The company also claims that they were asked to share “trade secrets” on record over a phone call, which was not possible for the company as their patent application is still in making.

The company has also highlighted the factual inaccuracies in the WSJ report that accused the Engineer.ai of lying to the investor about having developed 80% of the platform. Sharing a slide form its technical due diligence slide-deck which was shared with the investors before their investment, the company clarified that it has never lied to any of the investors. The company has always maintained, it has developed 40% of the platform, and was working on 20%.

Read More at INC42.com

BSNL to also go in for tariff hike next month Dec 2019

New Delhi: State-owned Bharat Sanchar Nigam (BSNL) is reviewing its mobile tariff plans and will raise prices from December 2019, following the hikes announced by private telecom carriers.

Owing to a tariff hike by Reliance Jio in its voice and data packages, rival companies Vodafone idea and Airtel said they would increase tariff with effect from December this year 2019.

“We are presently examining our voice and data tariff and will increase it from December 1, 2019,” a senior BSNL official, who does not wish to be identified, told ET. However, the person didn’t elaborate on the quantum of the proposed hike but added that it would be conveyed to the subscribers in the coming weeks.

Earlier this week, Vodafone IdeaNSE -4.96 % and AirtelNSE -2.72 % said they would increase tariff with effect from December this year following sectoral stress. The move by the two telcos was followed by their arch-rival Reliance Jio, which on Tuesday said that it would also raise its tariff in the next few weeks if directed by the regulator.

In October, the Centre cleared a Rs 74,000-crore revival package for the two loss-making public-sector telecom companies BSNL and Mahanagar Telephone Nigam, but analysts said it might not be enough to make the two competitive.

A tariff hike, however, would help the ailing state-run telco bring in additional cash flows at a time when its revenues are on a continuous slide due to unavailability of fourth generation services, said analysts.

“It will not be a bad move from the consumer perspective. Since Jio’s entry in 2016, tariff and industry revenue were down,” said Rajiv Sharma, head of Institutional Equity Research, SBICAP Securities.

~engineer.ai


Read More at https://economictimes.indiatimes.com/industry/telecom/telecom-news/bsnl-to-also-go-in-for-tariff-hike-next-month/articleshow/72152929.cms