Amazon founder becomes richest person in the world

The uptick Amazon shares registered on Wall Street this Friday has directly affected the fortune of its founder, Jeff Bezos, who immediately replaced Microsoft co-founder Bill Gates as the richest person in the world. Two hours after the stock market opened on Friday, Amazon shares were up 11.9 per cent, …

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Dell Technologies to invest $1 billion in IoT R&D

Unveiling its Internet of Things (IoT) vision and strategy, Dell Technologies on Thursday said it will invest $1 billion in new IoT products, solutions, labs, partner programmes and ecosystem over the next three years. “IoT is fundamentally changing how we live, how organisations operate and how the world works,” Michael …

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AI seeks Rs 1,500-crore short term loans

National passenger carrier Air India has invited bids from banks for Rs 1,500-crore government guarantee-backed “Short Term Loans (STLs)”. The airline has called for financial bids by October 26. “Air India is looking for Government Guarantee backed INR STLs totaling up to Rs 1,500 crore to meet its urgent working …

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Pepsi lights up Gurugram roads with solar bulbs

In a bid to light up Gurugrams darkest streets, Pepsi extended its Liter of Light programme to the area, a company statement said here on Friday. The project promises to bring about a huge change by taking used Pepsi bottles and turning them into solar powered light bulbs. The lighting …

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Facebook to introduce ‘Explore Feed’ for desktop

Facebook, will introduce “Explore Feed” for users on the desktop to help them discover stories beyond the friends and pages they already follow, reports said. “The company’s tests of an alternative News Feed dubbed the ‘Explore’ Feed have progressed to a full rollout, the company now confirms. This is the …

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India to have 530mn smartphone users in 2018: Study

With a rise in smartphone ownership globally, China will have highest number of smartphone users, 1.3 billion, in 2018, followed by India with 530 million users. The US will be a distant third, with 229 million users. According to a new study by US-based media agency Zenith, smartphone ownership globally …

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Despite record profit, Samsung CEO plans to quit

Even as Samsung expects to post record profit, its Vice Chairman and Chief Executive Officer Kwon Oh-hyun on Friday said he will step down from the position next year. Kwon’s tenure expires in March 2018, Yonhap news agency reported. Indicating sharp recovery in earnings from last year’s Note 7 fiasco, …

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Reliance Foundation to support Indian art exhibitions at The Met

The Metropolitan Museum of Art has announced that the Reliance Foundation, the Indian philanthropic organisation founded by Nita and Mukesh Ambani, has promised a generous gift to support exhibitions that explore and celebrate the arts of India. “This is an outstanding commitment that will have a direct impact on The …

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Amazon, Microsoft launch deep learning platform

Amazon Web Services (AWS) and Microsoft have teamed up to launch an open-source and deep learning interface ‘Gluon’ that will help developers to deploy machine learning models across several platforms. According to a report in ZDNet, the interface would give developers a place where they can prototype, build, train and …

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