Page 27 - Tech Process News Today

Baidu joins several other Chinese companies that launched AI chatbots last week after securing regulatory approval for mass market releases.

The Bootstrap Champ will have demonstrated the ability to win customers and earn revenue for at least a year. It should possess the potential to scale into a large enterprise.

The award will recognise innovations that launch a business or give it a big boost. It should be an original idea that is core to the business or one that provides the differentiation that sets it apart from competition.

The firm aims to invest in 25 B2B SaaS startups via the new fund across areas of enterprise digital transformation, ecommerce enablement, fintech, vertical SaaS, applied AI, sustainable tech and healthtech.

Several government bodies have banned TikTok from staff phones due to growing concerns about the company, which is owned by Chinese firm ByteDance, and whether Chinas government could harvest users data to advance its interests.

This is UIVs third fund. The money has been raised from a mix of existing and US-based limited partners. The final close is expected by March 2024.

Google Cloud has made an aggressive push into the country over the past few years, especially under Kerala-born Kurien, who is going to complete five years as chief of Google Cloud that competes with Microsoft and Amazon Web Services for business.

In a statement, the startup said it will utilise the fresh capital to expand operations, strengthen the salesforce, and invest in new innovative technologies.

The RBI has asked all banks to enable pre-sanctioned credit lines to customers, to be consumed via UPI

Homegrown digital lending platform Khatabook, which has investors like top cricketer MS Dhoni and CREDs Kunal Shah, among many others, has reportedly laid off over 40 employees across departments to cut costs and streamline its operations.