16 Jan 2020
Airbus signs contract with Bengaluru startup

Startup NEWS, Jan 16, 2020

1. Modi-Bezos Meet May Be Cancelled

  • Tech giant Amazon’s CEO and founder Jeff Bezos may not be able to meet Indian Prime Minister Narendra Modi during his ongoing visit to India, as has been expected for the past month.
  • According to an ET report, Amazon contacted the Prime Minister’s office seeking an appointment, but the company informed about the improbability of the meeting last month.
  • A source told the publication that the Indian government may have canceled the meeting with Bezos to calm fears among Indian traders, who have been aggressively protesting against Amazon and Flipkart for FDI violations, discounting, seller bias and other issues.

2. Apple buys edge-based AI startup Xnor.ai for a reported $200M

  • Apple confirmed the reports with its standard statement for this sort of quiet acquisition: “Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans.” (I’ve asked for clarification just in case.)
  • Xnor.ai began as a process for making machine learning algorithms highly efficient — so efficient that they could run on even the lowest tier of hardware out there, things like embedded electronics in security cameras that use only a modicum of power. Yet using Xnor’s algorithms they could accomplish tasks like object recognition, which in other circumstances might require a powerful processor or connection to the cloud.
  • The $200M acquisition price is only approximate, the source indicated, but even if the final number were less by half that would be a big return for Madrona and other investors.

3. MeitY Urges Startups To Develop Cybersecurity, Cyber Hygiene Products

  • At the launch event of ‘Cyber Security Grand Challenge,’ the ministry of electronics and information technology (MeitY) secretary Ajay Prakash Sawhney, said that India with its proven ability in software solution and services has the potential to grow aggressively in the area of cybersecurity, especially with the help of startups working in the field of cybersecurity and cyber hygiene.
  • Sawhney in a media report said that the government looks to provide a platform for innovators and startups to align its efforts in the development of products and solutions for solving critical cybersecurity problems.
  • Further, the MeitY official said that the cybersecurity service and products business in India is $1.9 Bn (INR 13.5K Cr) and $450 Mn (INR 3.2K Cr), respectively. Overall, the Indian cybersecurity market is currently worth $5 Bn (INR 35.5K Cr), Sawhney said. He added that these numbers need to increase drastically in the coming days and more cybersecurity and cyber hygiene products and tools need to be developed by startups and large corporates to tackle the vulnerabilities occurring across various channels.

4. Reliance Jio, Airtel, Vodafone Finally Ready For 5G Trials In India After Delays

  • While Airtel has collaborated with Huawei, ZTE, Ericsson and Nokia for 5G trials in the country, Reliance Jio has partnered with Samsung and Vodafone Idea has also joined hands with Huawei, ZTE, Ericsson and Nokia for 5G trials in the country, according to an ET report.
  • This also comes after a delay in the submission of 5G trials, where the telecom operators had sought the department of telecommunication (DoT) for an extension. The deadline for submission was on January 10, 2020.
  • The cellular operators association of India (COAI), at the time, had said that there are a lot of parameters that needed to be considered before the start of 5G trials in the country and asked DoT to reconsider the deadline for submission. Some of the aspects include thorough planning of 5G in rural, semi-urban and urban cities and details of vendors, maintenance among others.

5. Airbus signs contract with Bengaluru startup

  • Plane-maker Airbus has signed a contract with Bengaluru-based startup Traxof Technologies to automate the talent acquisition process for Airbus’ Information Management (IM) organizations in India and Europe.
  • Traxof was part of Airbus BizLab’s startup incubation program.
  • Traxof’s cloud-based, automated desktop and mobile-based solution provides real-time visibility and monitoring of recruitment processes to support the planned ramp up of IM resources, especially in India for for Airbus’ digitalization.
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Philomathes (pronounced as fillo-MAY-thus) is a fictional character at VAYUZ (https://www.vayuz.com), who is on a never ending journey called “LEARNING”. In a way, Philomathes embodies VAYUZ - Way of life, which is if you are not learning then you are not breathing. The word Philomathes, comes from the Greek roots philo and philein meaning "to love" and the Greek roots mathos (MAH-thos) and mathesis (muh-THAYSIS) meaning “learning”. Philomathes through his Blogs and Vlogs (Video Blogs) will share his experience, learnings and thoughts. In his tryst to learn and understand, he would also seek answers to questions. So if you would like to join him in this incredible journey called “ life” then feel free to write to him on philomathes.jigyasu@vayuz.com. Always remember, knowledge is all around us, we just need to keep our guards down and senses on.

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