Visakhapatnam, January 14, 2019: To conduct joint research to develop models in Artificial Intelligence (AI) and Deep Neural Networks (DNN), GITAM Deemed to be University signed MoU with US-based spin-off company Lapetus Solutions Inc. (LSI), North Carolina, USA here on January 11, 2019. The company leaders Ms. Amrutha Seturam and Mr. Harry Atwal signed on MoU documents in the presence of GITAM In-Charge Vice-Chancellor Prof. K. Sivaramakrishna, Hyderabad Campus Pro-Vice Chancellor Prof. N. Sivaprasad and GITAM FinTech Academy Coordinator Leben Johnson.
While addressing the gathering, GITAM In-Charge Vice-Chancellor Prof.K.Sivaramakrishna mentioned that GITAM Engineering faculty doing research projects on Artificial Intelligence and the present MoU will help the researchers to expose internationally.
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Lapetus solutions Inc. (LSI) Head Ms.Amrutha Seturam said that LSI is a leader in facial recognition models used in life event predictions and they have been developing these models over the past 15 years and were also the recipients of the Runner Up award for the best startup idea, presented during for the Million Dollar Challenge at Vizag FinTech Festival, Oct 2018. She informed that to work effectively in the areas of AI and DNN they need tons of data to validate, and they are planning to use students to help with this research of collecting, collating and analyzing data.