GIBF E Magazine AUG-SEPT-2019 GIBF The Business Tycoons Magazine Aug-Sept | Page 15

OLA ACQUI-HIRES BENGALURU-BASED AI
STARTUP PICKUP.AI
Indian ride-hailing company Ola has acquired
Bengaluru-based artificial intelligence startup
Pickup.ai at an undisclosed amount.
Founded by Inder Singh and Ritwik Saikia, Pickup.ai
uses autonomous technologies like AI, computer vision
and sensor fusion to provides seamless AI-powered
solutions for businesses. With this deal, sources
say that the Pickup.ai team will be joining
Ola as a part of the deal.
RELIANCE INDUSTRIES WITH MICROSOFT'S
AZURE CLOUD PLATFORM
Reliance IndustriesNSE -0.82 % Ltd on Monday announced a
partnership with Microsoft's Azure cloud platform, in a move that
deepens the offerings of its Jio telecoms unit while posing a direct
challenge to rival cloud services providers such as Amazon.com and
Alphabet's Google.
As part of the 10-year alliance, Jio will build data centres across India
that will be hosted on Microsoft's Azure cloud, Reliance Chairman
Mukesh Ambani told shareholders at the company annual
shareholders'
Global India Business Forum
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