Reliance Jio continues to add billions of dollars to its bank account, Apple scores a imposition victory in Europe and researchers test a system for undersea Wi-Fi( with lasers !). Here’s your Daily Crunch for July 15, 2020.
Google vests $4.5 billion in India’s Reliance Jio Platforms
Another beings tech fellowship has invested in India’s largest telecom, following Facebook’s financing a few months ago. Reliance Jio has raised about $20.2 billion in the past four months — more than the part Indian startup ecosystem caused last year. Google and Reliance Jio will also be working together to develop low-cost Android smartphones.
“Getting technology into the mitts of more people is a big part of Google’s mission, ” said Google CEO Sundar Pichai. “Together we are elicited to rethink, from the ground up, how millions of users in India can become proprietors of smartphones .”
The tech giants
Apple and Ireland win appeal against the European Commission’s $15 billion charge decree — Four year ago, the European Commission said that Ireland had failed to collect around $15 billion in taxes from Apple, but the European Court of Justice has annulled that decision.
Zoom initiates all-in-one home communications device for $599 — The new Zoom for Home- DTEN ME includes a large tablet with three wide-angle cameras and eight microphones.
Snap debuts a 13 -week remote program to help developers appoint deeper Snap Kit amalgamations — Yellow Collabs is an expansion of Snap’s Yellow division, which previously comprised merely of a startup accelerator.
Startups, funding and venture capital
Fraud detection startup Ravelin fastens $20 M Series C — The startup’s goal is to use machine learning to improve the fraud detection process, giving merchants more confidence in bear customers and transactions.
Lemonade openings pet guarantee — This is Lemonade’s first new vertical since it propelled renters and homeowners assurance in 2016.
Substack launchings Defender, a program offering law support to independent novelists — The newsletter platform said it will determine who to support on a case-by-case basis, covering up to$ 1 million in legal fees( or even more in “exceptional cases” ).
Advice and analysis from Extra Crunch
How to do remote manipulate right, from the teams that know it best — Tips from Zapier CEO Wade Foster, FlexJobs CEO Sara Sutton, Twilio CEO Jeff Lawson and others.
Emergence’s Jason Green thinks some of the tech resistance is justified, but the B2B opportunities still outweigh the challenges — The VC also described the death of George Floyd as” a profound time and displacement for me personally .”
Generative algorithms are redefining the intersection of software and music — Generative algorithms and originating amounts of estimating power are increasingly reforming what computers can do with music today.
( Reminder: Extra Crunch is our subscription membership program, which aims to democratize information about startups. You can sign up now .)
Researchers develop laser-based underwater Wi-Fi system for sub-sea data networks — The investigates from King Abdullah University of Science and Technology managed to use their system to do Skype calls and move data back and forth, but they too burned out the Raspberry Pi abusing lasers that overtaken its capabilities.
Nissan posts its EV future on the 300 -mile-range Ariya crossover — The Ariya is an all-electric SUV with a starting price of $40,000.
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