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Google Hardware Event 2017

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Google, the search engine giant, unveiled new smartphones, smart speakers and other gadgets at the Google Hardware Event held yesterday at the SFJazz Center in San Francisco, California. After the back to back events from Amazon and Apple, Google finally unveiled its flagship device, the Pixel 2, along with a number additions to its hardware offerings.

At the hardware launch, Google demonstrated its commitment to making new devices along with new and improved software developments. Marking its second year of manufacturing hardware, Google announced two new Pixel smartphones along with Google Home speakers, a new laptop, a virtual reality headset and wireless headphones. However, this year the focus was not on just the hardware but on a combination of software and artificial intelligence along with a major focus on the hardware side of things. Chief Executive Officer of Google, Sundar Pichai, spent the first 10 minutes explaining the use of artificial intelligence, as well as the transformation of Google into an AI first company. “It’s(AI) radically rethinking how computing should work,” he added.

The two smartphones launched yesterday, Pixel 2 and Pixel 2 Xl, will both use the Qualcomm Snapdragon 835 processors. Packed with a 4 GB RAM, the latest phones come with a 12.2 megapixel rear camera and an 8 megapixel front camera with a fixed focus. Google also introduced a pretty impressive portrait mode with its single camera. Following Apple’s footsteps, the new Pixel phones have also said goodbye to the headphone jack.  While most of the hardware remains the same, the software for the phone is a combination of machine learning, artificial intelligence and contextual data meshing, which makes it a much more connected device. Pixel Buds, Google’s own wireless headphones, are the Android version of the Apple AirPods. Both the phone and the earphones can be charged using a USB-C charging cable. The new phones are available with 64 GB and 124 GB storage.
 
The technology giant has also come out with a new camera that uses artificial intelligence to capture soundless videos of faces and pets that it recognizes and deems “interesting.” Google Clips is a  palm sized device that can capture stills, videos, or GIFs, which can be exported to phones and other devices over Wifi.
 
The Google Home devices were also launched in two different sizes, the Google Home Mini and the Google Home Max. Both the devices can do everything the original Google Home could, including set timers and reminders, check the weather and convert tablespoons to cups using the inbuilt Google Assistant. The main difference in the new devices is the size. While the Mini occupies the space of a candle, the Max boasts a stereo speaker with two 4.5 inch woofers. Both the devices will add more actions that surround daily routines.
 
Google’s laptop, Pixelbook, is a 12.3 inch device which does a complete 360 degree rotation and weighs just two pounds. This device supports Google Play and comes equipped with the Google Assistant along with a Core i5 or Core i7 processor, 16 GB of RAM and up to 512 GB of memory.
 
Google hyped up its hardware products this year making an impressive statement about turning hardware into a real business on a massive scale. According to Sundar Pichai, however, the future for Google is AI.

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Piyush Anchliya Joins Cashfree Payments as CFO Amid Expansion in India’s Fintech Sector

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Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

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Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

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Delhivery’s Acquisition of Ecom Express: A Major Consolidation in Indian Logistics

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Delhivery, one of India’s leading logistics companies, has announced its acquisition of Ecom Express in an all-cash deal valued at ₹1,407 crore. This strategic move marks one of the largest consolidations in the logistics sector and is expected to enhance Delhivery’s scale, profitability, and operational efficiency.

Background

Ecom Express, founded in 2012 and headquartered in Gurugram, has faced significant financial challenges recently. The company canceled its IPO plans in 2024 and laid off hundreds of employees due to operational setbacks, including losing a major client, Meesho, which shifted to its in-house logistics service Valmo. These struggles led to a distressed sale, with private equity investors like Warburg Pincus and Partners Group exiting their stakes entirely.

Strategic Benefits for Delhivery

  1. Enhanced Scale: The acquisition will strengthen Delhivery’s network reach and infrastructure, enabling better service delivery across India.
  2. Operational Synergies: Combining operations with Ecom Express will improve efficiency and reduce costs through economies of scale.
  3. Competitive Edge: With Ecom Express as a subsidiary, Delhivery solidifies its leadership position in the logistics space by offering broader coverage and faster services.

Challenges Addressed

The acquisition mitigates risks from Ecom Express’ financial struggles while addressing past disputes between the two companies over inflated shipment volumes reported by Ecom Express during IPO filings.

Future Outlook

The deal is expected to close within six months after regulatory approval from the Competition Commission of India (CCI). Post-acquisition, Ecom Express will operate as a subsidiary of Delhivery, unlocking new growth opportunities such as advanced logistics technology integration and expanded customer reach.

With ₹5,488 crore in cash reserves as of September 2024, Delhivery is well-positioned to finance this acquisition without compromising financial stability. This move underscores Delhivery’s commitment to innovation and efficiency in India’s rapidly evolving logistics landscape.

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