#Marketwire is your quick summary of notable market movements in the technology industry. The firms covered in this segment include Societe Generale, Pepperfry, Facebook, Apple and Tidal.
Societe Generale Launches Startup Accelerator Program in Bangalore
Societe Generale Global Solution Centre (SG GSC), a subsidiary of Societe Generale (SG), a European financial services group, has launched a startup accelerator program Catalyst for Indian startups. The program is launched in partnership with Nasscom, to create a platform to promote collaboration and innovation for entrepreneurs. The key focus areas for the startups will be artificial intelligence, machine learning and big data, the company said.
The company has selected eight startups which will work for a period of ten weeks.”In line with digital transformation strategy of Societe Generale, the Catalyst programme aims to co-create solutions to meet customer needs by collaborating with these disruptive technology startups”, said SG GSC CEO Veronique Sani. Read More
Pepperfry’s Bespoke Division Branching out to B2B Services
Furniture marketplace Pepperfry, after launching its B2C Bespoke services eight months ago are now branching out to B2B Bespoke services catering to corporate offices, hotels, schools and cafes, with the aim of creating a new revenue stream for the company.
The company have deployed design consultants in four cities so far for this purpose. Customers from other cities can get in touch with the virtual design consultants. “We realised design is not restricted to homes, it could be done in offices, schools, hotels or hospitality projects,” said Sonali Mitra, Head of Pepperfry Bespoke. “A lot of schools from tier 2 and 3 cities are our clients, who ask for interesting looking kids’ furniture”, she added. Read More
Facebook’s New Multilingual Composer, Facebook Messenger Bots Gets New Features
Facebook is launching a feature called Multilingual Composer, which enables users to write a post in one language and then choose additional languages in which they would want it to be published. For example, if a user write a post in English but publish it in Spanish then any friends or followers who use Facebook in Spanish would see the Spanish translation of the post. The new composer will work for all permutations of the 45 languages Facebook currently translates. Read More
Facebook has also announced new features for its messenger bots that would enable users to rate their favourite (or least favourite) bots. Facebook will now also allow users to respond to messages via a new feature called “quick replies”. Also businesses will now be presented with the option to link their customers’ accounts with their Messenger accounts, as reported in Engadget. Read More
Apple in Talks to Acquire Jay Z’s Tidal Music Services
Apple Inc. is in talks to acquire Tidal, a streaming music services app, as reported by Wall Street Journal. The company is exploring the idea of bringing on Tidal to boost its Apple Music service because of Tidal’s strong ties to popular artists such as Kanye West and Madonna. Jay Z bought Tidal in March 2015 for $56 million from Swedish company Aspiro. Read More
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