Monday, a day when as per a song suggests, maniacal tendencies ensue and the singer wishes it was a Sunday. But for us it’s a bright new day. Here’s what’s going on.
Qualcomm Invests $40M In Four Chinese Startups And Walden International’s New Fund
The american based semiconductor company announced that they would be investing $150 million in Chinese startups, and have already begun by investing $40 million into 5 chinese companies which include Unisound (voice-recognition startup) and Chukong (Games development firm).
In addition to these two companies, other companies that will receive funding are 7Invensun (an eye-tracking technology company), inPlug (a smart home company) and a new fund focused on China from Walden International which is a 25-year old investment firm with notable presence in the country.
With a total of over 120 startups under its wing, Qualcomm didn’t go into to too much detail to state exactly how much it invested in each company, but did go on to applaud each company’s “innovative” mobile and wireless technology products.
Qualcomm has a interesting investment with Chukong.The Chinese company managed to raise $50 million last year, and also had a partnership with Facebook in October 2014 to offer the social network giant’s full arsenal of services to developers and startups in China (even though it’s blocked.
Google Translate adds Burmese and 10 more languages
At some point, we all use Google’s translation tool. Its easy to use and helps us with our translation. The company recently added a whole bunch of languages, among them are Burmese which as you all know is the official language of Myanmar, and Malayalam which again is one of India’s six classical languages with around 38 million speakers which is a notable addition as Google has been seen over the last few month trying to engage the Indian user community to get more users under its wing
“To reach our goal of 500 million Internet users by 2017, we need to make the Internet accessible to those who don’t speak English.” That was what Google India’s MD Rajan Anandan had to say at a recent press conference. In addition, the company is planning to add more Indian languages
Even though India’s official languages are Hindi and English,a survey carried out by the People’s Linguistic Survey, shows that people in India currently speak 780 different languages, with 122 spoken by more than 10,000 people.
With around 200 million internet users and 5 million users added every month, India will reportedly have more Internet users than the U.S. within 2015. But with only 198 million Indian people proficient in English, it’s vital for Google to top step up and offer different Indian languages if it wishes to gain access to that market.
With all this going on, Eric Schmidt, executive chairman of Google stressed the importance of free speech in Myanmar. “The answer to bad speech is more speech. More communication. More voices. If you are a political leader you get a much better idea of what your citizens are thinking about.” he said in a speech last year where he encouraged Myanmar government to stay away from regulating the Internet, saying
Samsung Ventures closes deal with Seeo for $17 Million
The Hayward, California-based company who are involved in the manufacture of lithium-polymer batteries and Are developing batteries for electric and hybrid vehicles; electric grids; telecom infrastructure and consumer electronics, closed a deal worth $17M by Samsung Ventures which is the investment arm of Samsung Group.
The companies rechargeable lithium batteries are manufactured by a proprietary non-flammable polymer electrolyte that they call “DryLyte,” which is apparently said to be safer than traditional lithium-ion batteries. Batteries are smaller, but are capable of maintaining the same level of performance regardless of external entities such as the temperature. Seeo is
Earlier this year, Samsung Ventures was involved in a $37 million investment with Distech Controls, which develops technology that manages energy efficiency in buildings.