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Amazon is investing $2b in its India operations, as the country’s online retail war heats up

Jul30
by on July 30, 2014 at 6:35 am
Posted In: amazon, Around the Web, flipkart, India

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E-commerce firm Flipkart raised $1 billion yesterday in what is by far the largest funding deal for an Indian startup to date. How can you top that? How about $2 billion? That’s exactly what Amazon — one rival that has motivated Flipkart to raise more capital — is doing. The US company chose today to cheekily announce plans to invest $2 billion into its one-year old operations in India, as first spotted by Next Big What. Amazon CEO and founder Jeff Bezos explained the “huge potential” that he sees in the country: After our first year in business, the response from customers…

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Twitter increases its focus on photos after buying deep-learning startup Madbits

Jul30
by on July 30, 2014 at 6:02 am
Posted In: Around the Web

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Twitter is increasing its focus on images after it quietly acquired deep-learning startup Madbits. GigaOm first reported the deal, which appears to have closed on Monday according to the Madbits website — although there has been no announcement from Twitter at this point. Deep-learning has developed into quite the buzzword as startups sprout up promising to pore through the mountains of information on the internet — both public and private — to help us better understand trends, information, people and more. Madbits comes with quite a pedigree — founders Clément Farabet and Louis-Alexandre Etezad-Heydari were students of New York University professor Yann LeCun,…

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Samsung expands its Kids Store to 900 apps as it seeks to appeal to gadget-buying parents

Jul30
by on July 30, 2014 at 4:47 am
Posted In: Apps, Around the Web, samsung

Fresh from revamping its own Galaxy App Store, Samsung has upgraded its Kids Store which – as the name suggests – covers apps that cater for youngsters and is part of the ‘kids mode’ on two of its newest devices. The store is limited to the Galaxy S5 smartphone and Galaxy Tab S tablet at this point, but Samsung says that it now includes 900 apps dedicated to children, including games, educational apps and more. As well as stocking child-friendly content, kids mode gives parents greater peace of mind with a password protection feature that prevents children from getting access to unsuitable apps, or…

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