07 Dec 2019

1. With Hanabi-playing bot, Facebook AI reaches a milestone in cooperative AI Facebook AI, the social media giant’s artificial intelligence research division, announced today that it has met a milestone in the creation of a bot that can play Hanabi, a cooperative card game involving imperfect information, with near-perfect…

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29 Nov 2019

1. P&G India Launches $27.9 Mn Fund To Support Cleantech Startups P&G said that the fund is in line with its global sustainability goals ‘Ambition 2030’ The fund comes in addition to the Innovation Sourcing fund set up last year P&G also launched the second edition of P&G vGROW…

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27 Nov 2019

 1. Amazon deal flop: New York governor called ’embarrassment’ in flood of hate mail The three-term Democratic governor’s office was sent roughly 1,500 messages, via email and through the mail after Amazon unexpectedly pulled out of its multi-billion deal with New York to build a facility in the Long…

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26 Nov 2019

1. WhatsApp Invests $250,000 Into Indian Startup Ecosystem The investment will provide 500 startups approved by the Department of Industrial Policy and Promotion (DPIIT) with $500 (roughly Rs. 35,800) each of Facebook ad credits. Facebook-owned WhatsApp on Monday announced to invest $250,000 (roughly Rs. 1.8 crores) worth ad credits…

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25 Nov 2019

1. Paytm gets $1 billion top-up in the latest financing round Paytm said it had raised $1 bn in a financing round led by T Rowe Price with Ant and SoftBank also participating. Paytm had last raised $300 million from Warren Buffett’s Berkshire Hathaway in September 2018, valuing the…

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18 Nov 2019

1. Telegram takes off in India as startups drive adoption According to Prabhu Ram, Head, Industry Intelligence Group at CyberMedia Research, businesses prefer Telegram because it marries capabilities of WhatsApp and Snapchat — it’s secure, private and accessible. The edtech sector is the largest adopter of Telegram in India….

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14 Nov 2019

1. From Oyo to Uber, how SoftBank’s $100 billion has left the startup ecosystem weaker Flush with cash, entrepreneurs operated with scant regard for profit. The whole system eventually overheated. Protests against SoftBank-funded startups have erupted in New York, Bogotá, Mumbai and beyond, with many captured on video and…

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13 Nov 2019

1. From Oyo to Uber, how SoftBank’s $100 billion left workers in a hole Many young companies used SoftBank’s cash to dangle incentives and other payments to quickly attract as many workers as they could. But when they failed to make a profit and SoftBank changed its tune on…

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12 Nov 2019

1. Paytm plans to invest Rs 500 crore in tech startups The company said it expects to employ technology across the growing internet to become the dominant player in AI. The company typically invests Rs 200-250 crore every year in intellectual properties or companies building complementary technologies such as…

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07 Nov 2019

1. Bull run for private technology funding market coming to an end: Softbank’s Deep Nishar Nishar said the debacle at WeWork, which SoftBank bailed out with a $9.5 billion cash injection, was an extreme case of dissonance between private, and what would have been its public market valuation. SoftBank…

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