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Instagram Live Video Launches in Europe
Instagram users in the UK, France and Germany can now stream live video through the social network. Part of Instagram's Stories product, Instagram Live videos vanish immediately after the broadcast has ended. The feature debuted in the US late last year.
Former AI Microsoft Exec Qi Lu Joins Baidu
Chinese search giant Baidu named former Microsoft executive Qi Lu as its group president and COO. Lu helped to oversee Microsoft's ventures into artificial intelligence (AI) under CEO Satya Nadella. Baidu is attempting to bolster its AI efforts in the face of declining search revenue. Shasha Chen details the strategy on the website of the Cheung Kong Graduate School of Business.
Feature Phones Not Dead Yet in India
Writing for the Economic Times, Rajiv Singh penned a thoughtful analysis of why reports of the death of feature phones in India may be premature. Singh noted that feature phones benefit from strong battery life and new features, including 4G capabilities in some cases, while remaining substantially cheaper than smartphones.
France Adds Tech Visa
It's now easier for non-EU tech talent to work in France, thanks to the country's new tech visa. The four-year visas are available to tech-related entrepreneurs and investors and to skilled employees hired by any of more than 100 leading French tech startups. It's the latest element of La French Tech, an initiative by the country's government to support the French startup ecosystem.
Snapdeal Revenues Up, But Losses Mount
Indian ecommerce platform Snapdeal reported that its losses totaled INR 29.3 billion ($436.2 million) for fiscal year 2015-2016, which ended on March 31, 2016. That was an increase of 150% over the previous year. Snapdeal also said its revenue had grown by 56% over the same time period, to INR 14.6 billion ($217.3 million). Snapdeal is the only ecommerce platform in the red in India—competitors Amazon India and Flipkart also racked up significant losses during the same period.
But wait, there's more!
- $650 Billion in the Ride-Sharing Economy by 2027? (SharesPost)
- Facebook Picks Paris for Startup Incubator (Business Insider)
- Nest Expands Presence in Western Europe (Fortune)
—Rahul Chadha, Rebecca Chadwick, Cliff Annicelli, Rimma Kats
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