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Flipkart Must now focus on delivering products to small towns, rural areas.
SoftBank’s Vision Fund acquires stake in Flipkart
- “After this financing round, Flipkart Said, it will have in excess of $4 billion of cash on balance sheet”.
- It also means that the upcoming Diwali will see a lot of discounts from both Amazon and Flipkart.
- The deal also signifies that in future – A consortium of Alibaba-Softbank-Flipkart-eBay-Paytm could join hands to put up a joint fight against Amazon in India
Ten Popular Startups Supported by
Source : Gadgets Now by Times of India
Facebook Shut Down AI After It Invented Its Own Language
Researches at Facebook shut down an artificial intelligence (AI) program after it created its own language, Digital Journal reports.
TEAM INDUS – Bengaluru firm eyes to land first private spacecraft on moon
The company, Team Indus, is just a step away from building the flight model that will be flown onboard a PSLV from Sriharikota.
Read the Full Article on Times of India
Satya Nadella’s Bets
Pay Off, Microsoft
does well in Cloud Solutions and Service Subscription Business
The results were the clearest sign yet that the strategy put in place by Chief Executive Satya Nadella when he assumed the top job in 2014 is paying off.
Welcome to New India… Vishal Sikka Arrives In Driverless Cart, Offers Glimpse Into Infosys’ New Plans
Vishal Sikka Arrives In Driverless Cart, Offers Glimpse Into Infosys’ New Plans..
Dr Sikka said that the vehicle has been built by Infosys engineers and is meant to train other employees on technologies like artificial intelligence.
A wonderful article about Elon Musk by Quartz..