Google Backs India’s Reliance Jio with $4.5B Investment
Reliance Jio Platforms, India’s largest telecom operator, continues its funding spree with a $4.5 billion investment from Google. This follows Facebook’s earlier investment, bringing Jio’s total funding to $20.2 billion in just four months—surpassing the entire Indian startup ecosystem’s 2019 funding.
Strategic Collaboration for Affordable Smartphones
Google and Jio will jointly develop low-cost Android smartphones to expand digital access across India.
“Getting technology into the hands of more people is a big part of Google’s mission,” said CEO Sundar Pichai. “We’re excited to rethink how millions in India can own smartphones.”
Key Tech Updates: July 15, 2020
Apple’s $15B Tax Victory in Europe
- The European Court of Justice overturned a 2016 ruling that required Apple to pay $15 billion in back taxes to Ireland.
- The court cited insufficient evidence to prove illegal state aid.
Zoom’s Home Communication Device
- Zoom unveiled the DTEN ME, a $599 all-in-one home appliance featuring:
- A 27-inch touchscreen
- Three wide-angle cameras
- Eight microphones for enhanced audio
Snap’s Developer Program
- Snap launched Yellow Collabs, a 13-week remote initiative to help developers build deeper integrations with Snap Kit.
Startup & Funding Highlights
- Ravelin: Fraud detection startup raised $20M Series C to refine machine learning for transaction security.
- Lemonade: Expanded into pet insurance, its first new vertical since 2016.
- Substack Defender: Launched legal support for writers, covering up to $1M in fees per case.
Industry Insights & Innovations
Remote Work Best Practices
Tips from top executives (Zapier, FlexJobs, Twilio) on optimizing distributed teams.
Generative AI in Music
How algorithms are transforming music creation and software integration.
Underwater Wi-Fi Breakthrough
Researchers at King Abdullah University developed a laser-based system enabling sub-sea data transfer, including Skype calls—though with some Raspberry Pi casualties.
Nissan’s EV Bet
- The Ariya electric SUV debuts with a 300-mile range and $40K starting price, signaling Nissan’s EV ambitions.
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