Malcolm Frank, head of strategy at IT firm Cognizant, headquartered in Teaneck, New Jersey, told CNNMoney that the United States, India, and China are far ahead of anyone else in artificial intelligence. In America, Amazon, Facebook, Google, and Tesla are investing billions of dollars to substitute for people in sectors such...
Investor Outlines Macro Trends in India
Macro thinker and author of the institutional newsletter, Global Macro Investor, Raoul Pal, identifies big trends ahead of time and has 24,000 Twitter followers. He enunciates that the next big macro idea is India. Pal says, "India has built the world’s first national digital infrastructure, leaping at least two generations...
Global Technology Firms Increase Workforce in India
U.S.-based firms Microsoft, LinkedIn, Oracle, Facebook, and Google are increasing their engineering staff in India. These companies are seeking engineers from India to work on technologies similar to their global counterparts to build competence in niche technology areas. A report from Washington-DC based Bain & Company published last month said...
Facing its Rivals' Merger, Amazon India Recommits
In an interview with MoneyControl over Amazon's India strategy to counter a possible merger between India's largest e-commerce company Flipkart, and its rival Snapdeal, Amazon's India chief Amit Agarwal said, "... no matter what happens, even after 20 years, customers will want great selection, great product and fast delivery. So...
India's Flipkart Raises $1.4 Billion Funding
Flipkart Private Ltd, the Singapore-based holding company of India’s e-commerce marketplace Flipkart, based in Bangalore, closed a $1.4 billion funding round with backing from Chinese Internet giant Tencent, eBay, and Microsoft. Post funding, the valuation of India's most highly valued startup is now $11.6 billion from a previous high of $15...
"Skype Lite" Created Just for India
Built by the Hyderabad development center of Microsoft India, Skype Lite is an exclusive optimized-for-India app that provides a seamless experience in messaging, audio and video calling, where users can sign up via their mobile number or their regular Skype id. The company says it has adjusted algorithms and bit...