https://youtu.be/mbgtPDyayxk Flipkart and Amazon are currently in the middle of a titanic struggle to increase their customer base outside Indian metros. However, the solution to the Indian e-commerce problem could actually be in the hands of a small, little known…
Flipkart announced today that they were building a dedicated ‘AI for India’ team within their company. Although no specific numbers have been quoted, many have speculated that this investment into AI will go into the hundreds of millions. Flipkart aims to both build its own AI infrastructure and acquire companies working in the field.
Alibaba Cloud announced that it plans to open its first Indian data center in Mumbai by January 2018. In doing so, the third largest infrastructure-as-a-service (IaaS) company on the planet will be making its first official foray into the local market.
E-wallet merchant Paytm has announced that it will spend Rs. 500 crore on helping its 50 lakh offline merchants incorporate the usage of QR codes. This will help the merchants deposit the money directly into their bank accounts at 0% charge, with no monthly limits on transactions.