In a recent development, scientists at the Institute of Advanced Study in Science and Technology (IASST), Guwahati, have developed AI-based algorithms for rapid diagnosis and prediction of Oral Cancer (oral squamous cell carcinoma).
They developed an indigenous dataset through collaborations for the study as any benchmark oral cancer dataset was not available. They conducted the study by applying two approaches, transfer learning and a pre-trained deep convolutional neural network (CNN).
As per the results, the proposed CNN model displayed accuracy of 97.5 percent and outperformed the transfer learning approaches.
Also, May 2020 saw some investments coming in for start-ups in the field of Artificial Intelligence. Let us have a look at some of these top investments.
Runa Capital closed its third investment fund with $157 million. They plan on backing deep tech startups in the fields of AI and quantum computing.
Dtex is a Cybersecurity threat remediation provider that raised $17.5 million to expand into new verticals such as Defence, Government, Banking and Finance, manufacturing, pharmaceuticals, and life science.
GigaSpaces develop in-memory computing solutions for AI and ML workloads. It raised $12 million in May to scale expansion and accelerate product R&D.
Omilia raised $20 million in its first-ever financing round. The startup develops natural language technologies and raised investment to strengthen its go-to-market efforts and expansion in North America and Western Europe.
DispatchTrack is a logistics startup that raised $144 million in its first-ever financing round. It will be used for product R&D and business, segment, and geographic expansion.
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