On Monday, the robotics arm of Japanese conglomerate SoftBank stated, it will start using its food service robot developed by California-based Bear Robotics in Japanese restaurants as a means to tackle growing labor shortages faced by the country. Servi, the robot, comes with features which includes layers of trays and is equipped with Lidar sensors…
On Monday, Paytm, an Indian digital payments company stated it has raised fresh funds totaling to $1 billion from a group of investors which includes existing backers such as SoftBank’s Vision Fund and China’s Ant Financial Services. The funding round saw Paytm being valued at $16 billion. A fresh investment in Paytm by Japan’s SoftBank’s…
To date Grab has raised nearly $8 billion since its inception nearly 7 years ago. According to Grab’s CEO Anthony Tan, the transportation network company is looking to raise another $2 billion in 2019 to ramp up its expansion plans. This announcement comes in the wake of its latest funding round in which it cornered…
With the purchase SoftBank is positioning itself for the coming data “gold rush”. On Friday, the SoftBank Group Corp stated it would be acquiring two firms that build robots that could walk from Alphabet Inc. The purchase marks an increase of artificial intelligence companies in the group’s portfolio. The Japanese conglomerate will be acquiring U.S.-based…
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