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Bengaluru: Last week, <keyword id="19902762" type="General" weightage="100" keywordseo="Google" source="keywords" meta.keywordsubtype="org" meta.entityname="Google" meta.hostid="265" meta.entityid="Google">Google</keyword> unveiled a series of new AI-powered partnerships aimed at advancing healthcare, <keyword id="19895783" type="General" weightage="20" keywordseo="sustainability" source="keywords">sustainability</keyword>, and agriculture in India The tech giant is collaborating with both local and international organisations to implement AI-driven solutions in <keyword id="21690244" type="General" weightage="20" keywordseo="diabetic-retinopathy" source="keywords">diabetic retinopathy</keyword> screening, urban waste management, and agricultural development. According to Google, these announcements were made during a roundtable in Bengaluru, marking the fifth anniversary of Google's Research Lab in the city. This follows the 10th edition of the Google for India event, which showcased the potential of AI to benefit individuals, businesses, and society at large. Dr Manish Gupta, Research Director of Google DeepMind, stated, "Collaborating with key Indian organisations, our focused research in India across language understanding, healthcare, agriculture, and sustainability is helping tackle many of the country's unique challenges and creating AI-led solutions that will improve billions of lives." Google is working with <keyword id="23588208" type="General" weightage="20" keywordseo="Forus-Health" source="keywords" meta.keywordsubtype="org" meta.entityname="Forus Health" meta.hostid="265" meta.entityid="Forus Health">Forus Health</keyword> and AuroLab in India and Perceptra in Thailand to provide 6 million AI-assisted screenings for diabetic retinopathy over the next decade. These screenings aim to detect and prevent blindness in diabetic patients, particularly in resource-limited communities. The AI model has already supported over 600,000 screenings worldwide, with initial research and deployment carried out in India. Sunny Virmani, Group Product Manager, Health AI Research at Google, remarked, "From our initial research to the first patient screening in Madurai, India, we've been committed to translating AI's potential into meaningful change for people globally. And now the partnerships with Forus Health, AuroLab, and Perceptra are helping us expand on this commitment, as a global network of innovators comes together to eradicate preventable blindness due to diabetic retinopathy." Google's CircularNet, an AI-driven computer vision model for waste management, is being deployed in partnership with Bengaluru-based Saahas Zero Waste. CircularNet helps identify and sort plastic waste, facilitating recycling and reducing the strain on landfills. Powered by Google's TensorFlow, the model has shown approximately 85% accuracy in detecting plastic waste during a pilot programme, potentially boosting revenue for material recovery facilities by 10-12%. To support data-driven decision-making in agriculture, Google is also opening its Agricultural Landscape Understanding (ALU) Research API to developers. The API leverages satellite imagery and machine learning to provide farm-level insights, such as field boundaries, water bodies, and vegetation. The technology aims to optimise resource allocation and guide sustainable farming practices in India. (ANI)

Google announces AI-led collaborations for India's health, sustainability, and agriculture sectors

<ul class="summary-list"><li>Famed value investor David Einhorn says he's betting on CNH Industrial.</li><li>The stock is trading cheap, but has upside as an agricultural boom mounts, he said.</li></ul>Famed hedge fund investor David Einhorn isn't one to shy away from market rejects — even if the stock in question was down more than 17% year-to-date as of Wednesday.The Greenlight Capital founder disclosed that he has built a position in <a target="_blank" href="https://markets.businessinsider.com/stocks/cnh-stock">CNH Industrial</a>, a global firm that sells agricultural equipment."It's exactly the kind of situation that absolutely nobody cares about right now because it's cheap, and the news over the next period of time probably isn't going to be very good," the billionaire manager said during <a target="_blank" href="https://www.youtube.com/watch?v=3ZqdfXrDPDo">CNBC's Delivering Alpha</a> conference on Wednesday.The value stock is part of Einhorn's strategy to snap up overlooked companies in today's expensive market."There are things that are truly despised and hated and cheap on an absolute basis that I think makes sense to own," he said.CNH's stock does appear to be cheap, as company shares have been weighed down by an agricultural down-cycle.But this period won't last, Einhorn said, anticipating the stock to rally over the medium term."This year, the ag equipment universe is probably 20% below its average at the end of the whole recycle. And sometime three or four years from now, it'll probably be 20% above," he said. "Just the nature of how these businesses work."Though this timeline may disappoint investors looking for a quick profit, Einhorn noted a few reasons to buy the stock now. CNH has little leverage and is actively buying back shares. Given that its an attractive dividend-payer, investors can score a yield of as much as 4%, he said.CNH jumped after Einhorn's comments, climbing 6.27% to $10.68 per share as of 9:52 a.m. ET on Thursday.During the conference, the Greenlight manager also cited that his firm has increased bets tied to inflation after Donald Trump's election win last week.Though Einhorn doesn't expect price growth to rebound toward pandemic-era highs, he cited that the incoming administration appears set on expansionary policies that <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-election-win-high-inflation-risk-tariffs-deportations-taxes-2024-11">could push inflation</a> to a 3.5%-4.5% range next year.Otherwise, Einhorn's leading concern has been the stock market's rising expensiveness. In the hedge fund's quarterly letter published last month, he warned that equities were the <a target="_blank" href="https://markets.businessinsider.com/news/stocks/david-einhorn-warren-stock-stock-market-valuation-tech-cash-sales-2024-10">most overvalued</a> since the firm's founding in 1996.That isn't to say that Einhorn is bearish, given that he sees no reason for the stock market rally to end."If you buy and hold for a very long period of time, I doubt that you will look back and say, 'this was a great entry point of all of the entry points that you could have,'" he told CNBC. "But that being said, there's no reason why the market can't continue to do fine for a good period of time."

Why billionaire investor David Einhorn is loading up on a struggling agriculture stock 'no one cares about'

Artificial Intelligence in Agriculture

Google's new report on <keyword id="19904566" type="General" weightage="20" keywordseo="artificial-intelligence" source="keywords">artificial intelligence</keyword> (AI) emphasizes responsible AI development and suggests recommendations for policymakers, companies, and civil society. The report titled "An AI Opportunity Agenda for India" outlines how artificial intelligence can drive <keyword id="19900794" type="General" weightage="20" keywordseo="economic-growth" source="keywords">economic growth</keyword>, social progress and global leadership for the nation. The report says India with its rapidly growing economy, outstanding tech talent, young demography and vibrant start-up ecosystem, is poised to reap the immense benefits of artificial intelligence. A comprehensive and responsible approach to AI can unlock significant economic growth and societal progress in India. "The potential economic impact of AI in India is substantial - reports estimate that at least INR 33.8 lakh crore of economic value from <keyword id="20037918" type="General" weightage="100" keywordseo="AI-adoption" source="keywords">AI adoption</keyword> can be achieved in India in 2030. While these achievements signify a promising beginning, unlocking the full potential of AI hinges on the strategic decisions we make today," says a Google's press release. The report suggests that to maximize the AI opportunity for India collaborative efforts are needed across government, industry, and civil society. They need to prioritise three key areas which include investments in infrastructure and innovation, building human capital and an AI-powered workforce and promoting wide adoption and universal accessibility. AI is already addressing some of the most pressing challenges like revolutionizing farming practices and improving <keyword id="20646060" type="General" weightage="20" keywordseo="healthcare-access" source="keywords">healthcare access</keyword>. The <keyword id="20214323" type="General" weightage="20" keywordseo="agriculture-sector" source="keywords">agriculture sector</keyword> is getting the benefits of AI through minimizing climate risks, optimizing productivity and sustainability, and providing access to real-time crop pricing information and early warning of potential crop threats. Many <keyword id="23569666" type="General" weightage="20" keywordseo="AI-powered-platforms" source="keywords">AI-powered platforms</keyword> are empowering farmers to boost crop yields and encourage sustainable practices. In the healthcare sector, AI is being used for better diagnosis, bigger access, and personalized care, especially for underserved communities. Google has partnered with <keyword id="23569667" type="General" weightage="20" keywordseo="ARMMAN" source="keywords" meta.keywordsubtype="org" meta.entityname="ARMMAN" meta.hostid="261" meta.entityid="ARMMAN">ARMMAN</keyword> to use AI to identify women at risk of dropping out of their health information program, allowing for personalized interventions to improve maternal health outcomes. ARMAAN seeks to address the pervasive systemic problems underlying maternal and child mortality and morbidity in India.

AI adoption can unleash Rs 33.8 lakh crore of economic benefit to India in 2030: Google Report

<ul class="summary-list"><li>Spain's eastern province of Valencia was hit hard by intense flooding last week.</li><li>The government has pledged $11 billion to help it recover, but local authorities want $34 billion.</li></ul>Spain said it will give about $11 billion to help restore Valencia after flash floods hammered the province last week — but local authorities there want three times that amount.Historic, deadly flash floods — brought about by torrential rainfall — hit the area last week, killing at least 211, regional emergency services <a target="_blank" class="" href="https://x.com/GVA112/status/1853698255730942163">said</a> on Wednesday.Spain's State Meteorological <a target="_blank" class="" href="https://www.businessinsider.com/spain-flooding-51-dead-in-valencia-region-economic-hub-2024-10">Agency</a> said last week that it was the province's most severe storm since 1987.During a press conference on Tuesday, Spanish Prime Minister Pedro Sánchez said his government had <a target="_blank" class="" href="https://x.com/sanchezcastejon/status/1853796678265938374">approved</a> $11.55 billion in loans and grants to help storm and flood victims.However, a day earlier, the province's president, Carlos Mazón, <a target="_blank" class="" href="https://x.com/carlos_mazon_/status/1853555363678728545">said</a> local authorities had asked for an initial package equivalent to about $34 billion."The measures will serve to rebuild, relaunch, and mitigate the effects" of the storm, Mazón told reporters.<div type="image" title="Satellite images of the Valencia province before and after flash floods on October 25, 2022 (left), and October 30, 2024 (right)." height="480" width="640" msid="114986283" hostid="261" sizebytes="62758"></div>On Saturday, Valencia's Chamber of Commerce <a target="_blank" class="" href="https://www.camaravalencia.com/noticias/informe-sobre-danos-provocados-por-la-dana-en-los-municipios-mas-afectados-y-consecuencias-sobre-la-actividad-economica/">estimated</a> that up to 4,500 businesses had suffered notable damage, with potentially 1,800 severely impacted.The floods affected many economic sectors, including agriculture, industry, and services, it said.Automaking remains Valencia's most <a target="_blank" href="https://www.investinspain.org/en/regions/comunidad-valenciana/industrias-destacadas?#nameRegion">important industry</a>.Cristina del Rey, the communications director for Ford Spain, told BI last week that her company's Valencia plant had not suffered direct damage from the floods but was shut on Wednesday and Thursday.According to a <a target="_blank" rel="noopener noreferrer nofollow" class="c-link c-link--focus-visible" href="https://fundacionaon.es/wp-content/uploads/2022/11/BAROMETRO-DE-CATASTROFES-2021.pdf">report</a> from the Aon Spain Foundation, a private foundation that works to prevent and assist with natural disasters, the annual cost of natural disasters in Spain between 2016 and 2021, including floods, was between $940 million and $2.5 billion.Local authorities on Sunday <a target="_blank" class="" href="https://x.com/GVA112/status/1853692672327721128/photo/1">said</a> that the heavy rains — part of a phenomenon known as "cold drops" — had caused "unprecedented" damage to infrastructure and human life.The provisional death toll put it among the most serious natural disasters in Western Europe in recent years. Widespread flooding in July 2021 killed more than 200 people in Belgium, Germany, and surrounding countries.At a <a target="_blank" class="" href="https://x.com/i/broadcasts/1ynJODVpRdXxR">press conference</a> on Tuesday, Sánchez declared Valencia a disaster area, paving the way for extra funding for local authorities.He said about 15,000 soldiers and police officers had been dispatched to the province, as well as 287 forest brigaders, around a hundred customs officers, 44 forensic physicians, and 600 specialized vehicles for pumping, cleaning, and supplying the affected areas.Sánchez added that 98% of affected households now had power, and about 25 miles of roads and 46 miles of railway tracks had been repaired."We must continue working with more resources, more coordination, and greater effort until normality returns to all the municipalities and to all the homes affected by this tragedy," he said.

Counting the cost of Spain's hellish floods, the government pledged $11B, local officials want $34B

The pre-budget <keyword id="20613906" type="General" weightage="20" keywordseo="Economic-Survey" source="keywords" meta.keywordsubtype="org" meta.entityname="Economic Survey" meta.hostid="261" meta.entityid="Economic Survey">Economic Survey</keyword> on Monday called for urgent reforms in India's <keyword id="19915424" type="General" weightage="20" keywordseo="agricultural-sector" source="keywords">agricultural sector</keyword>, warning that the structural issues could impede the country's overall <keyword id="19900794" type="General" weightage="20" keywordseo="economic-growth" source="keywords">economic growth</keyword> trajectory. The survey, tabled in Parliament by Finance Minister <keyword id="19916618" type="General" weightage="20" keywordseo="nirmala-sitharaman" source="keywords">Nirmala Sitharaman</keyword>, highlighted the untapped potential of the <keyword id="20682012" type="General" weightage="20" keywordseo="Indian-agriculture" source="keywords">Indian agriculture</keyword> sector compared to other economies. Chief Economic Advisor V Anantha Nageswaran called for a pan-India dialogue on the agriculture sector. The survey, presented ahead of the annual budget, emphasised that India has yet to fully leverage its agricultural sector for economic growth and job creation, unlike East Asian economies and Western developed nations. "Indian agriculture is not in a crisis now but requires a serious <keyword id="20544318" type="General" weightage="20" keywordseo="structural-transformation" source="keywords">structural transformation</keyword> because climate change and water criticality loom large in the times to come," the survey stated. The CEA advocated for a reassessment of existing policies, despite current government subsidies and support measures for farmers. "The payoff will be immense if we untie the knots that bedevil farm sector policies," Nageswaran said in the survey's preface. While the government provides substantial support to farmers through subsidies on water, electricity, and fertilizers, along with income tax exemptions and minimum support prices, there is room for improvement in policy implementation, he added. The survey identified several key challenges, including balancing growth with food inflation management, improving price discovery, and addressing land fragmentation. To address these challenges, the survey recommends multi-pronged reforms, which include: upgrading agricultural technology, enhancing marketing avenues, adopting farming innovations, reducing input wastage, and improving the agriculture-industry linkages. The document stressed the need to shift focus from basic <keyword id="19992806" type="General" weightage="20" keywordseo="food-security" source="keywords">food security</keyword> to nutritional security, aligning with a 'demand-driven food system' that is both nutritious and environmentally sustainable. The survey suggested that policymakers must strike a delicate balance between incentivizing farmers to increase production and keeping food prices within acceptable limits. "This dual objective requires careful policy interventions." The survey also emphasized the need for a farmer-friendly policy framework to ensure markets function in farmers' interests. It recommended avoiding bans on futures or options markets at the first sign of price spikes; invoking bans only under exceptional circumstances; re-examining the inflation-targeting framework; increasing the total net irrigated area, and aligning farming practices with <keyword id="22505922" type="General" weightage="20" keywordseo="climate-considerations" source="keywords">climate considerations</keyword>. Looking ahead to 2047, the survey highlighted the potential of agriculture and allied sectors (horticulture, livestock, fisheries, dairy, and food processing) for sustained <keyword id="20268655" type="General" weightage="20" keywordseo="employment-generation" source="keywords">employment generation</keyword>. "To sustain growth for nearly a generation up to 2047 or more and to ensure that it makes people's lives better and fulfills their aspirations, bottom-up reforms are necessary," it noted. It suggested that India may need to reconsider the traditional development model of transitioning from agriculture to industry and services.

Economic Survey calls for urgent agricultural reforms; cites growth hurdles

<ul class="summary-list"><li>Hurricane Milton's estimated damage to Florida's agriculture could go up to $2.5 billion.</li><li>That's according to estimates from the Florida Department of Agriculture and Consumer Services.</li></ul>Hurricane Milton singlehandedly wrecked as much havoc on Florida's agriculture as three other major hurricanes combined, according to new estimates from the state's agriculture department.Milton, a Category 3 hurricane that made landfall on Florida's western coast on October 9, has severely damaged the state's crops and farming infrastructure, the Florida Department of Agriculture and Consumer Services (FDACS) said.The department on Thursday said that based on its initial damage assessment, the estimated total losses to the Sunshine State's agriculture industry now range "between $1.5 and $2.5 billion."The commodities affected by hurricane damage include animal products, citrus and non-citrus fruit farming, field crops, greenhouses, and vegetable farming, per the damage assessment.The FDACS said in its damage assessment that Milton created "major structural impacts" on cattle ranches. Separately, a majority of the citrus acreage in Florida was situated in counties hit by Milton, which means "significant production losses" from farmers are expected, per the FDACS.The FDACS added in its Thursday statement that three major hurricanes that hit the state in the last 13 months — <a target="_blank" class="" href="https://www.businessinsider.com/before-after-satellite-photos-hurricane-helene-destruction-florida-2024-10">Helene</a>, Debby, and <a target="_blank" class="" href="https://www.businessinsider.com/hurricane-idalia-first-severe-hurricane-hit-florida-big-bend-2023-8">Idalia</a> — caused more than $1.5 billion in damages combined.Florida's commissioner of agriculture, Wilton Simpson, urged the US Department of Agriculture to issue a disaster declaration for counties affected by Milton, which would hasten aid and assistance for impacted farmers.In a <a target="_blank" class="" href="https://ccmedia.fdacs.gov/content/download/117392/file/secretary-tom-vilsack-letter.pdf">letter</a> to Tom Vilsack, the secretary of the US Department of Agriculture, on Thursday, Simpson said, "We are a major agricultural producer and exporter, with $8.88 billion in agricultural products sold annually as of the latest USDA agricultural census.""Agriculture makes up one of the largest portions of Florida's $1.2 trillion gross domestic product, and it is critical that this engine of our economy has the resources they need to continue to operate."He said that the hurricane had devastated livestock, nurseries, crops, and agricultural equipment and infrastructure."If immediate action is not taken, we are at risk of losing significant agriculture, aquaculture, and silviculture operations in this region due to circumstances beyond our farmers' control," Simpson added in the letter.Florida's agricultural industry is a major driver of the state's economy. It has around 44,400 farms and ranches, spanning over 9.7 million acres, per <a target="_blank" class="" href="https://www.nass.usda.gov/Statistics_by_State/Florida/Publications/Annual_Statistical_Bulletin/2024/FloridaAgriculturalOverview.pdf">numbers</a> from the Department of Agriculture's National Agricultural Statistics Service.In 2023, Florida accounted for 20% of the country's orange production, 34% of its watermelon production, and 28% of its grapefruit production, according to the National Agricultural Statistics Service.According to an October 10 note from analysts from Fitch Ratings, Hurricane Milton has resulted in an <a target="_blank" href="https://www.businessinsider.com/hurricane-milton-insurance-fitch-50-billion-losses-2024-10">estimated $30 billion to $50 billion of insured losses</a> in Florida<a target="_blank" rel=" nofollow" href="https://www.fitchratings.com/research/insurance/hurricane-milton-effect-on-global-re-insurance-ratings-likely-limited-10-10-2024">.</a>Before the hurricane made landfall, Moody's Analytics estimated that <a target="_blank" class="" href="https://www.businessinsider.com/hurricane-milton-crashing-into-trillion-worth-of-property-moodys-2024-10">$1.1 trillion worth of commercial property</a> would be exposed to dangerous hurricane winds.According to an estimate by Moody's Analytics on October 8, more than 235,000 commercial real estate properties in Florida had a greater than 50% chance of being exposed to wind speeds of at least 50 miles per hour.Milton came just days after Hurricane Helene hit Florida and other southeastern states, leaving more than <a target="_blank" rel=" nofollow" class="" href="https://apnews.com/article/hurricane-helene-death-toll-asheville-north-carolina-34d1226bb31f79dfb2ff6827e40587fc">200 people dead</a>.In a report on September 30, Moody's Analytics projected the damage from Helene to be between <a target="_blank" rel="" class="" href="https://www.businessinsider.com/analysts-estimate-up-to-34-billion-damage-from-hurricane-helene-2024-10">$20 billion and $34 billion.</a>Representatives of Florida's Department of Agriculture didn't respond to a request for comment from Business Insider, sent outside business hours.

3 major hurricanes in the last 13 months did billions of dollars of damage to Florida's farmlands — and that was before Milton

<keyword id="19902762" type="General" weightage="100" keywordseo="Google" source="keywords" meta.keywordsubtype="org" meta.entityname="Google" meta.hostid="261" meta.entityid="Google">Google</keyword> is intensifying its focus on <keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword> with the introduction of advanced AI tools aimed at breaking down <keyword id="20932433" type="General" weightage="20" keywordseo="language-barriers" source="keywords">language barriers</keyword> and enhancing agricultural practices, a senior company official said. Abhishek <keyword id="22795920" type="General" weightage="20" keywordseo="Bapna" source="keywords">Bapna</keyword>, Director of Product Management at Google <keyword id="20260498" type="General" weightage="20" keywordseo="DeepMind" source="keywords">DeepMind</keyword>, highlighted the importance of reducing language barriers in India's economic development. "Language is very essential for economic development. For instance, a language barrier should not hinder someone from explaining their medical issues to a doctor or accessing banking services," Bapna said during his short visit to IIM Calcutta. The tech giant has launched Google <keyword id="19896990" type="General" weightage="20" keywordseo="Gemini" source="keywords">Gemini</keyword>, formerly known as Bard, an artificial intelligence chatbot that supports more than 40 global languages, including nine Indian languages. Bapna added that Google's ongoing focus is on continuously improving language quality and expanding support for more Indian languages in the future. Currently, the chatbot supports nine Indian languages - Hindi, Bengali, Gujarati, Kannada, Malayalam, Marathi, Tamil, Telugu and Urdu. Bapna noted the complexity of India's multilingual environment, where people often use multiple languages simultaneously. This presents unique challenges for AI models, as they must correctly identify and apply the appropriate dictionaries to understand and generate accurate responses, Bapna said. To empower developers in India, Google is expanding <keyword id="22364430" type="General" weightage="20" keywordseo="Project-Vaani" source="keywords">Project Vaani</keyword> in collaboration with the Indian Institute of Science (IISc). The project offers developers over 14,000 hours of speech data across 58 languages, collected from 80,000 speakers in 80 districts. Additionally, Google introduced IndicGenBench, a comprehensive benchmark designed specifically for Indian languages. This initiative aims to assess and fine-tune language models for more accurate and effective use in India. In a parallel effort to support India's agricultural sector, Google is working towards launching the Agricultural Landscape Understanding (ALU) Research API. This limited availability tool is designed to make agricultural practices more data-driven and efficient. The ALU API aims to enhance farm yields, improve access to capital, and provide better market access for farm products. "On agriculture, right now we are conducting a pilot with the Telangana government that is already underway. Once the pilot is complete, we plan to scale it up and engage actively with state governments," Bapna said. He emphasized that Google's agricultural initiatives are driven by two major goals: improving livelihoods and addressing climate change through necessary interventions. "Banks and insurance companies could also be end users. Right now our focus is to make sure that the technology works properly," Bapna said. By offering granular landscape insights at the farm field level, the ALU API is expected to transform India's agricultural ecosystem.

You Searched For "Agriculture" and got 8 results

Google announces AI-led collaborations for India's health, sustainability, and agriculture sectors

ANI

Why billionaire investor David Einhorn is loading up on a struggling agriculture stock 'no one cares about'

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AI adoption can unleash Rs 33.8 lakh crore of economic benefit to India in 2030: Google Report

ANI

Counting the cost of Spain's hellish floods, the government pledged $11B, local officials want $34B

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Economic Survey calls for urgent agricultural reforms; cites growth hurdles

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3 major hurricanes in the last 13 months did billions of dollars of damage to Florida's farmlands — and that was before Milton

Aditi Bharade

Google to expand AI initiatives in India, targeting language barriers, agricultural efficiency

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