Microsoft Buys Conversational AI Startup

Though artificial intelligence (AI) has progressed by leaps and bounds, allowing a variety of intelligent, self-governing systems, augmented reality games and virtual personal assistants to flourish, there is a still a lot more that can be achieved. Technology giant Microsoft Corp. (MSFT) has announced its purchase of Semantic Machines Inc., a startup that is developing the fundamental AI technology required to make conversational computing a…

Indian startups attract attention of new venture capital investors

Almost half-a-dozen first-time venture capital investors have made their debut since the beginning of this year, indicating growing investor interest in India’s start-ups. Some such investors include Montane Ventures, an early-stage venture capital firm that counts Ajay Piramal’s family office as its lead investor; 021 Capital, founded by Sailesh Tulshan, the personal investment adviser to the Flipkart’s Bansals; Fundamentum, a…

Verizon stealthily launched a startup offering $40-per-month unlimited data, messaging and minutes

Earlier this year, Verizon quietly launched a new startup called Visible, offering unlimited data, minutes, and messaging services for the low, low price of $40. To subscribe for the service, users simply download the Visible app (currently available only on iOS) and register. Right now, subscriptions are invitation only and would-be subscribers have to get an invitation from someone who’s already…

Lenskart earmarks USD 3 million to invest in ‘eye-tech’ startup

Online eyewear firm Lenskart today said it has earmarked about USD 2-3 million to invest in companies that are working on either products or technologies that can help provide affordable eyecare solutions. As part of this strategy, the Ratan Tata-backed firm has invested USD 500,000 (about Rs 3.3 crore) in US-based ThinOptics. "We will invest about USD 2-3 million... These…

Facebook killer? Google wunderkind is building a secret social-gaming startup

Google is secretly building a social-gaming startup, part of its effort to create fledgling companies within the internet-search giant. The founder and co-owner of the new firm, called Arcade, is Michael Sayman, according to people familiar with the matter. Sayman is the 21-year-old wunderkind who started as a Facebook Inc. intern at age 17 and left that company for Alphabet…

Startup Street: This Startup Wants To Give Your Child A Robot Companion

  This week on Startup Street a venture that’s credited with making India’s first robotic companion; a report shows private equity investors prefer India more than any other country in South Asia; and how one the finest incubators is finally making its way to the east. Here’s what went on. The AI Companion “Miko can tell if you're happy, Miko…

Oppo makes first India investment with funding for digital firm POPxo

Digital media startup POPxo has raised Rs 37 crore in a round led by South Korean company Doosan Corporation’s investment arm, Neoplux, and Chinese mobile company Oppo, which has made its first investment in the Indian market. Existing investors, including Japanese firm GREE Ventures, IDG Ventures India, Kalaari Capital and Philippines-based Summit Media, also participated in the round. The funds…

15 Traits of Failing Entrepreneurs You Should Avoid

Several years ago, we rented an office in a co-working space. Most networking and training activities happened on-site or in partner community spaces, crowded with self-proclaimed entrepreneurs. Working regularly from coffee shops for nearly a decade now also gave me an opportunity to meet solopreneurs and fresh business owners who dreamed big. Seeing startups fail weekly, here’s my condensed list…

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