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Over 50% employees are ready to accept, embrace robot co-workers: Survey

by AIP Online Bureau | May 29, 2018 | Facts, Technology

  Washington:  More than 50 per cent employees believe that robots are an addition to the workforce as they automate repetitive or mundane work that they would otherwise have to do themselves, a survey has found.   The survey showed that workers are...

More Indians travel in airplanes than in AC trains: Govt

by AIP Online Bureau | May 28, 2018 | Data

  NEW DELHI: The number of flyers in India is more than those travelling in AC coaches of trains, documents released to mark fourth anniversary of the Narendra Modi government show.   With India emerging as the third largest aviation market, air passenger...

Robots not a threat to human labour: Microsoft chief Satya Nadella

by AIP Online Bureau | May 28, 2018 | Facts, Technology

  LONDON:  Microsoft's Indian-origin chief, Satya Nadella, does not believe in the "fallacy" that robots will overtake human labour and is confident that artificial intelligence (AI) will solve more problems than cause them.   The...

New India Assurance looks to lower health-loss ratio to 95%

by AIP Online Bureau | May 28, 2018 | Indian News

  Mumbai: State-run New India Assurance is looking at bringing down its health-loss ratio to 95% in the current financial year and hopes to break-even in the segment by FY20, a top company official has said.   In FY18, the largest general insurer’s...

SoftBank’s talks for minority investment in Swiss Re fails

by AIP Online Bureau | May 28, 2018 | International News, Reinsurance

  Zurich: Swiss Re and SoftBank Group Corp. ("SoftBank") have agreed to end discussions about a potential minority investment of SoftBank in Swiss Re, said a press release by the Swiss Re on Monday.   In February 2018, Swiss Re announced it had...
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