Sony invests in Cogitai to develop continual learning AI

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Sony has invested an undisclosed sum in artificial intelligence start-up Cogitai. Founded a year ago, Cogitai focuses on technology that allows machines to learn continually and autonomously from interaction in the real world. Continue reading “Sony invests in Cogitai to develop continual learning AI”

Apple invests $1 billion in Chinese ride-hailing service Didi Chuxing

Didi Chuxing

Apple has invested $1 billion in Chinese ride hailing service Didi Chuxing, formerly known as Didi Kuaidi. The move comes from the company to get a better understanding of Chinese market.

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HP announces HP Tech Ventures to invest in tech start-ups

HP Tech Ventures

HP has launched new investment arm to fund start-ups. Dubbed as HP Tech Ventures, the new group will fund young businesses working on 3D technology, immersive computing, artificial intelligence, the Internet of things and smart machines.

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Apple evaluating investment options in India, says Ravi Shankar Prasad

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According to Telecom Minister, Ravi Shankar Prasad, Apple is exploring investment options in India. The move comes from the company as it strives to pave its way into the Indian smartphone market which is driven by budget device. Continue reading “Apple evaluating investment options in India, says Ravi Shankar Prasad”

Xiaomi leads $25 million funding in Hungama

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Chinese smartphone maker Xiaomi has made its first investment in India today by leading a funding of $25 million in Hungama Digital Media Entertainment. The funding round included other existing investors like Intel Capital, Bessemer Venture Partners, and Indian billionaire Rakesh Jhunjhunwala. Continue reading “Xiaomi leads $25 million funding in Hungama”

Cisco pumps $100 million in India for digital push

Cisco has announced that it will invest $100 million in India to further the digital push. The company will invest $40 million of the total planned investment into funding early and mid-stage startups. It will also train 250,000 students in India by 2020.

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Ola secures $100 million in funding from Falcon Edge, valuation hits $5 billion

Ola has secured $100 million (Rs. 630 Cr) in latest round of funding from Falcon Edge, as per a TOI report. The online taxi aggregator has now reached a valuation of $5 billion.

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Vivo said to invest Rs 500 crore on manufacturing plant and R&D center in India over next 3 years

Vivo, which launched the X5Pro in India earlier this week has announced its plans to invest Rs 500 crore in the country over the next three years for manufacturing, as per a latest report from the Economic Times.

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LG Display said to invest $803 million for OLED panels in smartphones and wearables

LG Display Co Ltd is looking forward to invest up to 900 billion won ($802.75 million) for OLED panels for smartphones and wearables. The South Korean company is said to venture into new production line for small- and medium-sized organic light emitting diode (OLED) displays, as per a report from DongA Ilbo publication.

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