In The Checkout this week, we look at Line Man Wongnai’s ambitions beyond food delivery and Instacart’s steep valuation decline ahead of its IPO.
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Industry realities, economic conditions, and market volatility can affect the time gap between funding rounds.
Startups – Tech in Asia
OpenAI is in expansion mode. The company has opened a new office in Dublin, Ireland. The objective is to collaborate with the Irish government and support their national AI strategy and work with industries and startups.
This is OpenAI’s second presence in Europe after it opened the London office in June this year where the company will focus on conducting new research and strengthen its engineering capabilities. This will also put the research lab close to policymakers, given that the European Union is on the roads to regulate AI. The United Kingdom’s corporate tax policy is lower compared to the United States.
The expansion of the nonprofit-lab-turned-startup comes after Altman took a tour around the globe, meeting several country leaders on his stops. OpenAI now globally has 3 offices, with their headquarters in San Francisco, United States.
“We believe that companies such as OpenAI operating in Ireland can help build on our foundation to support emerging AI research and innovation, and ensure our workforce is well prepared,” said Simon Coveney, Minister for Enterprise, Trade, and Employment.
Jason Kwon, chief strategy officer at OpenAI, told Reuters that the company wants to grow deliberately and not too rapidly because they want to make sure that the “culture of the company is established” first in the new office before they scale up. The motive to open this office in Dublin was not to benefit from lower taxes, as OpenAI is yet to be profitable, he said.
The Microsoft-backed company’s next stop might be Japan as Sam Altman, OpenAI’s CEO met the Japanese Prime Minister, Fumio Kishda in April this year to discuss expanding services in their country.
The post After London, OpenAI Now Expands to Dublin appeared first on Analytics India Magazine.
Artha Group has launched Artha Continuum Fund (ACF), a syndicate fund tailor-made for family offices and Ultra High Net Worth Individuals (UHNIs).
While ACF is tailored exclusively for family offices and UHNIs, it will provide investment opportunities on emerging growth-stage ventures’ bridge rounds. The fund’s debut deal is slated for this quarter, with a goal of closing 8-10 substantial deals annually. Investors are required to commit INR 10 Cr as a minimum investment.
The requirement of a minimum investment of INR 10 Cr from high-quality limited partners (LPs) using a single investment vehicle creates an ideal opportunity for family offices and founders to participate in sought-after bridge rounds, alongside leading venture capital funds, the Mumbai-based investment firm said in a statement.
“ACF arose from listening to our discerning investors. They yearned for a competent entity to oversee rigorous due diligence, sophisticated negotiations, and post-investment management while crafting their direct investment narratives,” Anirudh A. Damani, director, Artha India Ventures, said.
ACF has garnered in-principle commitments from leading LPs. The fund will focus on category-leading companies showing significant traction with clear profitability horizons.
Founded in 2012, Artha India Ventures represents the family office of Ashok Kumar Damani. It works as the general partner to funds like the Artha Venture Fund and Artha Select Fund. It has claimed to invest in 80+ startups across India, the USA, Israel, and Africa, and its portfolio includes OYO, Purplle, LeverageEdu, Exotel, Karza, Tala, IconBuild, Caja Robotics, and Badili.
Last year, it launched INR 450 Cr winners-only micro VC fund, Artha Select Fund (ASF), to invest in the top-performing startups from the group’s portfolio of over 100 startups, with a focus on Series B and Series C funding rounds.
According to Inc42’s “India’s Startup Investors Landscape” report, there are currently 300+ family offices. Between 2019-2022, their participation in startup investments grew at a CAGR of 42% at seed stage and 71% at growth stage.
Moreover, family offices increased their deal participation in key sectors, particularly fintech and enterprise tech, witnessing a CAGR of 62% and 38%, respectively, during this period.
The post Artha Group Unveils Exclusive Syndicate Fund For Family Offices & UHNIs appeared first on Inc42 Media.
Recently, Microsoft pulled the plug on WordPad after 28 years, asking users to switch to Microsoft Word and NotePad instead. In the past 48 years, the tech giant has killed over 148 of its products and services. Some of the popular ones include Zo, Office Remote, Lumia, MSN Messenger, Music, Windows Live, and Virtual PC, to name a few.
Here is a list of 10 popular products and services that Microsoft has withdrawn over the years.
TechNet
Technet was discontinued in 2013 because of rampant piracy and abuse of the platform. Microsoft found that some users were exploiting their TechNet subscriptions for purposes beyond the intended evaluation and testing, which led to an unsustainable situation for the company.
Started in 1998, TechNet offered IT professionals perpetual licenses for Windows client and server operating systems. It also provided subscribers with access to a wide range of resources, including technical documentation, software downloads, updates, patches, and a knowledge base. The users were migrated to the MSDN network.
Live Products
After Windows Live Mail was terminated in 2014, all Microsoft email services were moved to Outlook.com. In 2020, Microsoft took down the Games for Windows Live download page, and the Windows Live Sign-in Assistant was also eliminated from their servers. Consequently, the online installer for Games for Windows – LIVE ceased to function correctly, leading to installation failures.
Microsoft took steps to consolidate its Live products. Live Mail and Hotmail were merged into Outlook.com, Live Mesh was replaced by SkyDrive, and Live Messenger was terminated, with accounts moved to Skype.
Cortana
Microsoft discontinued its digital assistant app Cortana in August this year, as the company pivoted to more contemporary AI innovations such as Bing Chat and other AI-driven productivity features integrated into Windows and its web browser Edge.
A support page validates the conclusion of Cortana as a standalone app within Windows, commencing in August 2023. The company also confirmed that the page was initially released in June but chose not to elaborate further on its rationale beyond the details provided on the page itself.
Internet Explorer
In June 2022, Microsoft made updates to both Windows and its website to formally mark the end of Internet Explorer, a browser that first appeared on Windows 95 PCs 26 years ago. When users attempt to download or use this browser, Microsoft gently steers them towards Edge, its newly designated default browser.
The demise of Internet Explorer didn’t come as a surprise, and for the vast majority of internet users, it was not particularly inconvenient. Microsoft had begun phasing out its old web portal the previous year. In essence, the world had collectively acknowledged its obsolescence well before Microsoft officially confirmed it.
Encarta
Microsoft’s multimedia encyclopedia, launched in 1993, fell behind Wikipedia in content and failing to keep up, finally stopped in 2009. Only heard of by internet users in the 2000s, Encarta was a good option back when encyclopedias were expensive. It was one of Microsoft’s well known products and also its biggest source of revenue. But after Wikipedia, which was free and impressively up to date, Encarta began to see a steady decline in users.
Windows Phone
The Windows Phone was introduced in October 2010 as an attempt to merge the Windows Mobile and Zune product lines into a single device similar to the iPhone. It was discontinued in 2017, with support ending in 2020, making it the last year of Microsoft’s support for Windows 10 mobile devices. This was because despite efforts for Windows Bridge to run iOS and Android code, Windows 10 Mobile faced an uphill battle. It initially ran on the Windows Phone 7 operating system, using the Metro design language and Windows CE as its foundation. However, it faced challenges, including the lack of compatibility with Windows Mobile apps and rushed development.
The Windows Phone struggled due to the differences in screen technology and app coding between Windows Mobile and Windows Phone 7. While Android and iOS dominated the market with capacitive touchscreens, the Windows Phone lagged in features and app availability. Developers were more inclined to create apps for Android and iOS, which had a larger user base.
Zune
Introduced in 2007, the Zune faced fierce competition from the iPod and was discontinued in 2011. However, parts of it live on in Xbox Live and Windows Phone 8. The company said Zune devices will still work and so will the saved playlists. However, there are hardly any Zunes available today and recently Microsoft announced a giveaway of the device. r/Zune, with about 10,500 subscribers, may be the last place on the internet talking about the device.
Windows Reader
Microsoft Reader, launched in 2000, allowed users to read eBooks on Windows devices. However, in 2012, Microsoft announced its discontinuation without providing specific reasons. The app had received minimal updates, and with the rise of competitors like Amazon’s Kindle, it lost relevance. While existing users could still access the application and .lit materials on their devices, new .lit content purchases from retailers ceased in 2011.
More recently, in 2018, they chose to discontinue Document Viewer and PDF Reader apps. The company intends to re-route users into using Edge which has features to support the reader.
Skype for Business
Skype for Business Online and Business Server retired after the 2017 announcement. The company’s intention was to transition to Microsoft Teams, which offers comprehensive collaboration tools. It was a missed business opportunity, and Zoom swooped in to take the centre stage during the pandemic though Teams made up for it. Microsoft has transitioned to Microsoft Teams as the primary collaboration platform since 2019, combining chat, meetings, calling, and more in one place.
Skype for Business Online was discontinued on July 31, 2021, while the server edition will receive security support until October 14, 2025.
Microsoft Academic
Microsoft announced that it will shut down Microsoft Academic in 2021. It was the second largest academic search engine after Google Scholar. Though it didn’t affect many, computer scientists, meta-researchers, librarians, and start-ups were affected as they had been building an ecosystem of information services around the database.
Microsoft’s history with literature search tools isn’t new. They had a project called Microsoft Academic Search, which ran from 2009 to 2012 and was later revamped as Microsoft Academic in 2016. This shift reflects Microsoft’s use of scholarly data for testing big data and AI technologies, potentially extending to knowledge extraction from Office 365 documents.
The post 10 Products and Services Discontinued By Microsoft appeared first on Analytics India Magazine.
Recently, Microsoft pulled the plug on WordPad after 28 years. It also asked users to use Microsoft Word or NotePad instead. In the last 48 years, the tech giant has killed over 148 products and services. Some of the popular ones include Zo, Office Remote, Lumia, MSN Messenger, music, Windows Live, Virtual PC to name a few.
Here is a list of 10 such products and services they’ve killed off over the years.
TechNet
Technet was discontinued in 2013 because of rampant piracy and abuse of the platform. Microsoft found that some users were exploiting their TechNet subscriptions for purposes beyond the intended evaluation and testing, which led to an unsustainable situation for the company. It started in 1998, offered IT professionals perpetual licenses for Windows client and server operating systems. TechNet provided subscribers with access to a wide range of resources, including technical documentation, software downloads, updates, patches, and a knowledge base. Users were migrated to the MSDN network.
Live Products
After Windows Live Mail was terminated in 2014, all Microsoft email services have been moved to Outlook.com. In 2020, Microsoft took down the Games for Windows Live download page, and the Windows Live Sign-in Assistant was also eliminated from their servers. Consequently, the online installer for Games for Windows – LIVE ceased to function correctly, leading to installation failures.
Microsoft took steps to consolidate its Live products. Live Mail and Hotmail were merged into Outlook.com, Live Mesh was replaced by SkyDrive, and Live Messenger was terminated, with accounts moved to Skype.
Cortana
Microsoft discontinued its digital assistant app, Cortana in August this year, as the company shifted its emphasis towards contemporary AI innovations such as Bing Chat, similar to ChatGPT, and other AI-driven productivity features integrated into Windows and its web browser, Edge. A support page validates the conclusion of Cortana as a standalone app within Windows, commencing in August 2023.
The company also confirmed that the page was initially released in June but chose not to elaborate further on its rationale beyond the details provided on the page itself.
Internet Explorer
Microsoft made updates to both Windows and its website to formally mark the end of Internet Explorer in June 2022, a browser that first appeared on Windows 95 PCs 26 years ago. When Users attempt to download or use this browser, Microsoft gently steers them towards Edge, its newly designated default browser.
The demise of Internet Explorer didn’t come as a surprise, and for the vast majority of internet users, it was not particularly inconvenient. Microsoft had begun phasing out its old web portal the previous year. In essence, the world had collectively acknowledged its obsolescence well before Microsoft officially confirmed it.
Encarta
Microsoft’s multimedia encyclopedia, launched in 1993, fell behind Wikipedia in content and couldn’t keep up and finally stopped in 2009. Only heard of by internet users in the 2000s, it lost popularity with the rise of Wikipedia. During the time when encyclopedias were expensive, Encarta was a good option. It was one of Microsoft’s well known products and also its biggest source of revenue. But after Wikipedia, which was free and impressively up to date, Encarta began to see a decline in users.
Windows Phone
The Windows Phone was introduced in October 2010 as an attempt to merge the Windows Mobile and Zune product lines into a single device similar to the iPhone. It was sadly discontinued in 2017, and support ended on January 14, 2020, making 2022 the last year of Microsoft’s support for Windows 10 Mobile devices. This was because despite efforts for Windows Bridge to run iOS and Android code, Windows 10 Mobile faced an uphill battle.
It initially ran on the Windows Phone 7 operating system, using the Metro design language and Windows CE as its foundation. However, it faced challenges, including the lack of compatibility with Windows Mobile apps and rushed development.
The Windows Phone struggled due to the differences in screen technology and app coding between Windows Mobile and Windows Phone 7. While Android and iOS dominated the market with capacitive touchscreens, the Windows Phone lagged in features and app availability. Developers were more inclined to create apps for Android and iOS, which had a larger user base.
Zune
Introduced in 2007, the Zune faced fierce competition from the iPod and was discontinued in 2011. However, parts of it live on in Xbox Live and Windows Phone 8. The company said Zune devices will still work and saved playlists will work. There are hardly any Zunes available today and recently Microsoft announced a giveaway of the device. r/Zune may be the last place on the internet talking about the device having about 10,500 subscribers.
Windows Reader
Microsoft Reader, launched in 2000, allowed users to read eBooks on Windows devices. However, in 2012, Microsoft announced its discontinuation without providing specific reasons. The app had received minimal updates, and with the rise of competitors like Amazon’s Kindle, it lost relevance. While existing users could still access the application and .lit materials on their devices, new .lit content purchases from retailers ceased in 2011.
More recently in 2018, they chose to discontinue Document Viewer and PDF Reader apps. The company intends to re-route users into using Edge which has features to support the reader.
Skype for Business
Skype for Business Online and Business Server retired after the 2017 announcement. The company’s intention was to transition to Microsoft Teams, which offers comprehensive collaboration tools.
It was a missed business opportunity, and Zoom swooped in to take the center stage during the pandemic though Teams made up for it. Microsoft has transitioned to Microsoft Teams as the primary collaboration platform since 2019. combining chat, meetings, calling, and more in one place.
Skype for Business Online was discontinued on July 31, 2021, while the server edition will receive security support until October 14, 2025.
Microsoft Academic
Microsoft announced that it will shut down Microsoft Academic in 2021. It was the second largest academic search engine after Google Scholar. Though it didn’t affect many,computer scientists, meta-researchers, librarians, and start-ups were affected as they had been building an ecosystem of information services around the database.
Microsoft’s history with literature search tools isn’t new. They had a project called Microsoft Academic Search, which ran from 2009 to 2012 and was later revamped as Microsoft Academic in 2016. This shift reflects Microsoft’s use of scholarly data for testing big data and AI technologies, potentially extending to knowledge extraction from Office 365 documents.
The post 10 Products & Services Discontinued By Microsoft appeared first on Analytics India Magazine.
Zhu Su and Kyle Livingston Davies were found to have violated the Securities and Futures Act as well as associated regulations.
From Tableau and Looker, to PowerBI and beyond, there are no shortage of business intelligence (BI) tools designed to help companies unlock insights from their vast swathes of data. But a newcomer has arrived on the scene with some fresh BI smarts in tow, aimed at more “technically-inclined” data teams. Founded out of Toronto, Canada, […]
The Singapore-based streetwear marketplace recently announced that it had onboarded American rapper Snoop Dogg as a strategic advisor.
Arm Holdings has priced its IPO at the top end of its range, raising $4.87 billion in the largest listing of the year. The chip designer, owned by SoftBank, sold 95.5 million American depositary shares for $51 each. After the IPO, SoftBank will still control about 90% of the company’s shares. Arm’s IPO could be a catalyst for other tech startups and companies planning to go public in the US. The shares are expected to begin trading on the Nasdaq Global Select Market.