Alphabet’s non-advertising business, which houses its cloud unit, Pixel smartphones and the Play store, has long been sandwiched between Google’s advertising juggernaut and its moonshot ventures that have captured popular imagination. Not any more. The business, categorized as “Other Revenue” in its earnings report, posted a 49.4% jump in revenue to $3.10 billion on Thursday […]
Global e-commerce major Amazon will keep investing in the Indian market to strengthen technology and infrastructure as it looks to overtake local rival Flipkart. The US-based company has already committed investments to the tune of $5 billion in India. “Our India team is moving fast and delivering for customers and sellers. It’s still day 1 […]
New Delhi: Japanese investor SoftBank has pumped in about Rs 1,675 crore in fresh funding in Indian transportation startup Ola to give it more muscle to take American rival Uber head-on. SoftBank subsidiary SIMI Pacific Pte picked 12,97,945 shares valued at Rs 10 at a premium of Rs 12,895 in ANI Technologies — which runs […]
Flipkart Co-founder Binny Bansal said while the latest funding round provides the fuel the company needs to reach its goal of transforming commerce in India through technology, it should continue to grow its business with careful considerations to costs. “I must stress that we still have some distance to go before fulfilling our mission – […]
Eduardo Vivas, an executive in charge of shaping one of LinkedIn’s biggest revenue generators, plans to leave, a company spokeswoman confirmed on Friday. Vivas is the head of product for Mountain View, California-based LinkedIn’s Talent Solutions business, which includes paid tools for corporate recruiters to find candidates on the work-focused social network. It accounted for […]
Technology giant Google has announced the acquisition of Kaggle, a start-up that hosts a number of data scientists, for an undisclosed amount at the Cloud Next 2017 conference. “Kaggle is going to maintain independent brand for a while… what Kaggle has contributed to the community is democratisation of data, developer community… partnership with Kaggle is […]
Qualcomm Ventures, the venture investment arm of US-based chip maker Qualcomm Inc which has a USD 150 million India-focused fund, expects 2017 to be a better year for the startup ecosystem, especially early stage companies. “2016 was the hardest year, and that is behind us. 2017 will be a better year. There was a crunch […]
Google said it will begin offering media groups an artificial intelligence tool designed to stamp out incendiary comments on their websites. The programming tool called Perspective, aims to assist editors trying to moderate discussions by filtering out abusive “troll” comments, which Google says can stymie smart online discussions. “Seventy-two per cent of American internet users […]
Flutura Decision Sciences and Analytics (Flutura), the Industrial Internet-of-Things (IoT) company today announced a fund raise of $7.5 million (approx. 51 crore), one of the largest in the Industrial Intelligence space. This Series A round is led by Vertex Ventures and supported by Lumis Partners and existing investor, The Hive. Founded in 2012, Flutura provides […]
Uber Technologies Inc Chief Executive Officer Travis Kalanick quit President Donald Trump’s business advisory group on Thursday amid mounting pressure from activists and employees who oppose the administration’s immigration policies. Critics included Uber drivers, many of whom are immigrants themselves. “Joining the group was not meant to be an endorsement of the president or his […]
Chinese telecom equipment maker ZTE, which is facing US trade sanctions that could severely disrupt its supply chain, is slashing about 3,000 jobs, including a fifth of positions in its struggling handset business in China, company sources said. The sources said the Shenzhen-based company, one of the world’s biggest telecoms gear makers, is axing about […]
IBM today announced the appointment of Karan Bajwa as Managing Director of IBM India Pvt. Ltd, succeeding Vanitha Narayana who is appointed as Chairman of IBM India Pvt. Ltd. These leadership announcements further demonstrate IBM’s commitment in the region. Karan joined IBM in 2016 as Executive for Strategy and Transformation in the Asia Pacific region. Prior […]