The GITAM Deemed to be University signed a Memorandum of Understanding (MoU) with U.S. based spin-off company Lapetus Solutions Inc.(LSI), North Carolina on Friday, to handling joint research to develop models in AI (Artificial Intelligence) and Deep Neural Networks (DNN).
Photo Source: The Hindu
Company leaders Amrutha Seturam and Harry Atwal signed the MoU documents in the presence of GITAM In-Charge Vice-Chancellor K. Sivaramakrishna, Hyderabad Campus Pro-Vice-Chancellor N. Sivaprasad and GITAM FinTech Academy Coordinator Leben Johnson.
The company also bagged the ‘Runner Up award’ for the best startup idea at ‘$1 Million Startup Challenge’ at Vizag FinTech Festival held in October last year. LSI lead modelling and algorithms, Amrutha Seturam noted that the company was a leader in facial recognition models used in life event predictions and they had been developing these models for the past 15 years.
“We need tonnes of data to conform to work effectively. We are planning to use students to help collect, collate and analyse the data,” Ms. Seturam expressed.