Infosys, a global leader in consulting, technology, outsourcing and next-generation services, today announced that it has signed a definitive agreement to a Limited Partner investment of INR 31.6 crores from its Innovation Fund in Stellaris Venture Partners, an India-based early stage venture fund. This investment is towards the first close of Stellaris’ fund. India’s startup […]
Infosys a global leader in consulting, technology, outsourcing and next-generation services, today announced that it has made an investment of 14.5 Crores in UNSILO, a Danish artificial intelligence startup focused on advanced text analysis. UNSILO uses a unique combination of machine-learning and natural language processing to analyze large quantities of text and improve the speed […]
Social media giant Facebook acquired facial recognition startup FacioMetrics, potentially using the technology for photo or video effects to better challenge rival Snapchat. “How people share and communicate is changing and things like masks and other effects allow people to express themselves in fun and creative ways,” a Facebook spokesperson said in an email. “We’re […]
Samsung Electronics said today it will offer an artificial intelligence assistant service in the upcoming flagship smartphone, as the South Korean firm seeks recovery from its global smartphone recalls. The Galaxy S8 will let users order food or perform other tasks without going through a third-party application but by simply asking the phone’s virtual assistant, […]
Technology giant IBM is placing big bets on the Indian market for its cognitive artificial intelligence platform Watson, driven by factors like a rich talent pool and fast pace of growth in uptake of technology products and solutions. Watson, which shot to fame is now being used across sectors, including assisting in treatment of cancer. […]
The last year has been a landmark year for startups in India. As per the Nasscom report, India ranks third among global startup ecosystems with more than 4,200 new-age companies. Aimed at supporting this growth, thinQbate, a new thinking incubator launched in Mumbai today. Based on a community and entrepreneur first approach to angel investment […]
Property consultant JLL India today launched a new vertical to invest in technology start-ups in the real estate sector, making first such investment in Foyr.com. JLL did not disclose the amount invested in Foyr.com — a technology platform for visualising real estate space. But it expects three more investments this year and 10-15 in the […]
Following in the footsteps of many of his industry peers like Nandan Nilekani and Azim Premji, former HCL Technologies chief executive Anant Gupta has now set up a Rs 100-crore fund to support ventures developing cutting-edge technology products. Gupta, whose departure from HCL Technologies was announced today, has founded a new investment firm ‘Techcelx’ that […]
Amazon.com Inc on Wednesday launched a full-fledged music streaming service with subscriptions as low as $3.99 per month for owners of its Amazon Echo speaker, accelerating the industry trend toward more flexible pricing after years of sticking to $9.99 subscriptions. The new streaming service, called “Amazon Music Unlimited,” lets users access a vast catalog of songs […]
Internet giant Google on Tuesday challenged heavyweight rivals including Apple and Amazon with an array of new gadgets aimed at digital lifestyles. Smartphone ‘Made by Google’ Pixel is the first smartphone designed by Google, with the Silicon Valley powerhouse dictating the hardware, software and services the way Apple does with its iPhones. […]
Search engine giant Google has launched its AI based messaging app Allo, which would compete with the likes of WhatsApp and Facebook Messenger. Available for both Android and iOS platforms, Allo will also mark the debut of Google Assistant in a preview edition. “Whether it is planning a night out or just catching up, we […]
Software giant Microsoft has bought a smart scheduling app Genee, as part of its effort to embed artificial intelligence (AI) to compete with the likes of Google Now and Apple. The start-up, which was founded in 2014, will shut down its service on September 1. The financial terms of the deal were not disclosed by […]