2 Indian-Origin Persons Feature in Fortune’s ’40 Under 40′ list
Fortune magazine has released its annual list of the 40 most influential and inspiring young people in business under the age of 40, and it includes the names of two Indian-origin entrepreneurs. The two people of Indian-origin who made it to the list are Intel’s vice-president of artificial intelligence software and the AI lab, Arjun Bansal, and fashion platform Zilingo CEO and co-founder, Ankiti Bose.
35-year-old Arjun Bansal is the VP of artificial intelligence software and research at semiconductor giant Intel. He has a team of nearly 100 workers throughout the US, Poland, and Israel. “His team works on A.I. technologies like reinforcement learning and natural-language processing, all intended to help keep Intel’s silicon chips working swimmingly with the latest A.I. software,” said Fortune.
While listing Bansal’s achievements The magazine further added, “One of Intel’s key A.I. projects involves specialized computer chips developed by Nervana, the startup co-founded by Bansal and acquired by the chip giant in 2016 in a deal reportedly worth over $350 million. The company revealed new details about the chips at this year’s Consumer Electronics Show, whetting the appetite of investors looking for Intel’s next big breakthrough.”
The only other Indian-origin entrepreneur on Fortune’s 2019 list is Ankiti Bose. Mentioning Bose’s name, Fortune said, “Just 10% of the world’s venture capital-backed startups worth $1 billion had a female founder as of last year. Bose is set to join that too-exclusive club.”
Bose started Zilingo after visiting Bangkok’s Chatuchak market and realizing its merchants had no easy way to sell their goods online. The publication also added, “The company’s latest round of funding in February – led by Sequoia Capital and Temasek Holdings and raising USD 226 million – valued the firm with 600 employees across eight countries at USD 970 million, putting it within a rounding error of unicorn-ship.