New Delhi: Delhi-based artificial intelligence start-up Octo.ai has raised $200,000 from early stage investor Outbox Ventures, Rahul Khanna, managing partner of venture debt fund Trifecta Capital and Jaspreet Bindra, head of e-commerce at Mahindra & Mahindra, the company said on Tuesday. We believe that an artificial intelligence should perform these actions as it will be more efficient and obviously more personalised,” he added. Of late, the artificial intelligence segment has been attracting a lot of investors. Ratan Tata, chairman emeritus of Tata Sons Ltd, also invested an undisclosed amount in artificial intelligence start-up Niki.ai, (Techbins Solutions Pvt. According to a recent report by research firm MarketsandMarkets, the artificial intelligence market is estimated to reach $5 billion by 2020 globally.

Source: Mint August 23, 2016 06:22 UTC