“Coupang, the South Korean eCommerce company, is getting a $2 billion investment from SoftBank’s Vision Fund, which will provide it with the money to speed up development of delivery and shopping services. According to a report in Bloomberg, citing people familiar with the matter, the eCommerce company has a post-money valuation of $9 billion. SoftBank invested $1 billion…
Tag: AI
China will accelerate robotics, AI and ecommerce to match US
“China will make more investments and accelerate reforms of agencies and systems to boost its $3.8 trillion digital economy. The digital economy included the internet of things, big data, clouding computing and AI.” https://www.google.com/amp/s/www.nextbigfuture.com/2018/09/china-will-accelerate-robotics-ai-and-ecommerce-to-match-us.html/amp
Amazon has an AI vision and Rajeev Rastogi is shaping it
“Rastogi is the director of machine learning at Amazon India and has been ranked among one of the top 10 data scientists in India. The e-commerce giant is looking at putting artificial intelligence and ML at the heart of everything it does. According to Rastogi, the problems that AI and ML need to spar within India are…
Engineer.ai raises Series A of $29.5 Million from Lakestar, Jungle Ventures and Softbank’s DeepCore
“Engineer.ai, the human-assisted AI that helps companies build and operate custom-made software, has raised Series A funding of $29.5 million, led by Lakestar and Jungle Ventures with participation from Softbank’s DeepCore. Led by serial entrepreneur Sachin Dev Duggal, Engineer.ai was created with the belief that everyone should be able to build their ideas without needing to…
A US attempt to keep AI out of China’s hands could actually help China – MIT Technology Review
“The US and China are in a race to become the AI superpower of the century. The perceived stakes are high: not only would the victor reap massive economic benefits,but it could also establish a new military edge. As Russian president Vladimir Putin phrased it last year, ‘Whoever becomes the leader in this sphere will…