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Volocopter

Daimler invests $30 Million on Germany’s electric flying taxi firm Volocopter

While autonomous electric cars have already become popular in the market, autonomous flying taxis are still in their nascent stage. European Automotive Giant Daimler has reportedly invested $30 million (25 million Euros) on the electric flying taxi start-up Volocopter.  The company’s mission is to create personalized air transportation services for people living in urban cities. Volocopter Reinventing…

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Facebook has bought Ozlo help build its virtual assistant application

Facebook buys Ozlo to upgrade its Artificial Intelligence efforts

Facebook has bought the Palo Alto-based artificial intelligence startup. Facebook has bought Ozlo help build its virtual assistant application out of Messenger for the users. Ozlo's strength is in recognising text-based conversations. Further, it can understand and give answers to various questions that have simple yes or no answers. Ozlo calls it "probabilistic assertions of truth." The company website…

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Snapdeal-Flipkart Deal Collapses as Latter will Pursue an Independent path: Report

Snapdeal-Flipkart Deal has collapsed as the former’s co-founders want to pursue an independent path. The move will come as huge setback for Softbank. Snapdeal has officially called off the acquisition deal with Flipkart, according to an official statement released by the Gurgaon based e commerce company on Monday. The statement specifically stated that Snapdeal will now…

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