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Come January, tourists in Manali will be able to get adrenaline rush riding a giant swing backed by Artificial Intelligence (AI), which has been built by a start up incubated at Indian Institute of Technology (<keyword id="6354859" type="General" weightage="20" keywordseo="IIT" source="Orion">IIT</keyword>), Mandi and is claimed to be the first-of-its kind in the world. Founded by four childhood adventure enthusiast friends who are engineers and certified rock climbers and mountaineers, the start up called 'ManaliSwing', has completed its human jump trials and is in process of filing five patents for the concept and design. The team claims it has already been approached by Dubai government to launch the swing in the country and is in conversation with interested agencies in Switzerland too. "We will offer one of the world's most creative and safe giant swing like bungy jumping but instead of going down on rubber bungy cord, here one freefall followed by giant swing on dual dynamic ropes with over 100 possible jump styles allowing one to experience the adrenaline of 70m free fall with AI promising impeccable safety like never before," Utsav Soni, one of the founders, told PTI. "The plan is to launch in Manali on new year. The tourists will have to pay Rs 3,000 for each jump. The cost will include transportation from a certain point and professional photography and videography service," he added. The start up conducted a full-scale trial of 1,000 dummy jumps followed by successful Human Jumps under the special presence of IRATA experts at IIT Hyderabad. "The AI will also help track participants and jump master’s performance across millions of data points and deliver optimized approvals for jumping. Having a really intelligent AI will be an edge for a Jump Master and his team making sure no injury, incident, or causality can happen on the site. For example, AI will not approve the jump if there is anything wrong with the followed jump protocol or international standards. "This will be one of the best intersections of technology, innovation and adventure sport of this decade which has potential to disrupt the whole adventure tourism industry. The good part is that we don’t need to have some special hi-tech cameras and expensive setups to do this. This can be franchised anywhere in the world with an existing standard hi-res CCTV security camera feed,” he added. The team has plans to launch the second similar swing in Goa and then take the technology to other countries. "India, despite been world’s youngest country with 50 per cent population below 25, stands at 96th position in global Adventure Tourism Competitive Index (ATDI) 2020. That too is consistently decreasing since last 4 years. India ranks much lower than its neighbours, Bhutan (14th), and Nepal (67th). Especially, when there is a 178 per cent increase in demand of adventure activity in last 3 years. "Somewhere, India has failed to cultivate the culture of innovation in extreme adventure tourism. It’s Incredible India but not innovative India in terms of adventure tourism compared to its global potential. We already have been approached by Dubai government and talks are on at Switzerland too but plan is to launch in India first," Soni said. The project which was conceptualised five years back was commercially registered last year as a start up. "We approached IIT Mandi with the idea and three months later we were an incorporated company with firs working prototype," he added. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/apple-watch-detects-pregnancy-before-clinical-test-report/articleshow/94738384.cms">Apple Watch detects pregnancy before clinical test: Report</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/mobile/news/google-pixel-7-and-pixel-7-pro-with-tensor-g2-chipset-launched-in-india-starting-at-59999/articleshow/94696867.cms">Google Pixel 7 and Pixel 7 Pro with Tensor G2 chipset launched in India starting at ₹59,999</a>

This giant swing in Manali runs on AI

<ul><li><keyword id="111343" type="General" weightage="20" keywordseo="Gautam-Adani" source="Orion">Gautam Adani</keyword> is ranked 4th in the world with a total net worth of $125 billion.</li><li>Adani is followed by Mukesh Ambani at number 10 with a net worth of $83.6 billion.</li><li>The next rank from India is number 45 for <keyword id="6419840" type="General" weightage="20" keywordseo="Azim-Premji" source="Orion">Azim Premji</keyword> of Wipro with a net worth of $ 24.6 billion.</li></ul> The double As - Gautam Adani and Mukesh Ambani - dominate the India rich list with the gap between them the rest of India Inc being a very large one. There was a time when <keyword id="232460" type="General" weightage="20" keywordseo="Tata-and-Birla" source="Orion">Tata and Birla</keyword> were synonyms for India's rich. Every region had its own wealthy like the Shrirams, Thapars, Nandas, and Modis in the north or the Bangurs in the east or the Mafatlals, Walchands, Kirloskars, Khataus, Sarabhais and Lalbhais in the west and the M.A. Chidambaram group in the south. Over time, many groups have floundered and fallen on bad times. There are many defining moments in this journey which saw a debilitating impact on family industrial groups. The year 1964 was a turning point because this was when the Monopolies and Restrictive Trade Practices Commission was established. By that year, the MRTP Commission had finished collecting and sifting information on Indian big business and hence reliable data was available. The next interesting inflection point came in 1991, when the P.V. Narasimha Rao administration introduced the New Economic Policy. This is where it all changed - India's most radical policy document in the form of the New Industrial Policy - the Licence Permit Raj was scrapped on 24 July 1991. Democratic socialism had been consigned to the rubbish heap of history - Licence Raj, which was in place for four decades, came to an end with the new industrial policy announced by Finance Minister Manmohan Singh and Prime Minister P.V. Narsimha Rao, who also held the portfolio of Industries Minister. The New Industrial Policy proposed getting rid of Monopolies and Restrictive Trade Practices and abolishing industrial licensing for all but 18 industries. Foreign equity holdings were proposed to be raised by 51 per cent in a project. Indian industry was free of controls and bureaucracy like never before. Over the last 30 years, India Inc had been turned on its head. As per the Bloomberg Billionaires Index now, Gautam Adani is ranked 4th in the world with a total net worth of $125 billion. Adani is followed by Mukesh Ambani at number 10 with a net worth of $83.6 billion. However, after Adani and Ambani the gap widens by a large extent and is then taken up by the software czars. The next rank from India is number 45 for Azim Premji of Wipro with a net worth of $ 24.6 billion. Shiv Nadar of HCL Technologies is at number 51 on the index with a net worth of $22.8 billion. The representation from India is then only at number 101 with Dilip Shanghvi with a net worth of $14.9 billion followed by Cyrus Poonawalla at 102 with $14.8 billion. Lakhsmi Mittal is at 103 with a net worth of $14.7 billion. Uday Kotak is ranked 106 with a net worth of $13.7 billion. Savitri Jindal is ranked at 119 on the Bloomberg Billionaires Index with a net worth of $12.9 billion. Sunil Mittal is ranked at 134 with a net worth of $12.2 billion. Kumar Birla is at 159 with a net worth of $10.8 billion. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/over-2-49-crore-unaccounted-cash-seized-in-hyderabad/articleshow/94750636.cms">Over ₹2.49 crore unaccounted cash seized in Hyderabad</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/telecom-sector-to-ring-in-stability-in-q2-jio-and-airtel-expected-to-grow-stronger-vi-weaker/articleshow/94709309.cms">Telecom sector to ring in stability in Q2 – Jio and Airtel expected to grow stronger, Vi weaker</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/this-giant-swing-in-manali-runs-on-ai/articleshow/94741834.cms">This giant swing in Manali runs on AI</a>

Gautam Adani and Mukesh Ambani - dominate the India rich list with the gap between them the rest of India Inc being a very large one

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This giant swing in Manali runs on AI

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Gautam Adani and Mukesh Ambani - dominate the India rich list with the gap between them the rest of India Inc being a very large one

IANS

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