AI startup Myelin Foundry gets funding from Japan’s Beyond Next Ventures

Myelin Foundry, a deeptech AI startup backed by Infosys co-founder Kris Gopalakrishnan, will use the capital raised to consolidate its products in India’s video streaming market and expand into international markets.

from Tech-Economic Times https://ift.tt/3eEQ0db

Prosus to buy shares in parent Naspers as valuations lag Tencent stake

Prosus and Naspers trade at a discount to the value of the massive 28.9% stake that Prosus holds in China's Tencent Holdings, worth €172 billion ($208.6 billion) at current market prices.

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US agrees to remove Xiaomi from US blacklist after lawsuit

Chinese smartphone maker Xiaomi Corp and the US Defense Department have agreed to resolve their litigation, a court filing showed.

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SoftBank reports $37 billion Vision Fund profit on Coupang

SoftBank Group has clocked a net profit of 4.99 trillion yen in the year ended March. That compares with an 962 billion yen loss a year earlier after teetering tech bets depressed the value of its portfolio.

from Tech-Economic Times https://ift.tt/2QeZ1QO

Samsung Sees Pandemic-Led Appliances Boom Extending Run to Rest of Year

Coronavirus pandemic-driven boom in home appliance sales will last longer than previously anticipated and extend into the second half of the year, Samsung Electronics’ head of the business said.

from Gadgets 360 https://ift.tt/3tEzez7

HTC Vive Pro 2, HTC Vive Focus 3 VR Headsets With 5K Resolution, Up to 120Hz Refresh Rate Launched

HTC Vive Pro 2 and HTC Vive Focus 3 VR headsets have been launched at ViveCon 2021. They bring upgraded specifications like 5K displays, up to 120Hz refresh rate, and up to 120-degree field-of-view.

from Gadgets 360 https://ift.tt/3tG48Ht

Assassin’s Creed Valhalla Record Sales Help Ubisoft to a Terrific 2020–21

Assassin’s Creed Valhalla improves 50 percent on record year, as Ubisoft’s 2020–21 revenue climbs to EUR 2.223 billion. The Division 2 drives Ubisoft player base to an all-time high of 141 million. Prince of Persia: The Sands of Time Remake to release in 2021–22.

from Gadgets 360 https://ift.tt/2R5VMf0