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Sabeer Bhatia: An Indian Who Built and Sold his Startup to Microsoft for $400 Million in Just 18 Months.

Sabeer Bhatia: An Indian Who Built and Sold his Startup to Microsoft for $400 Million in Just 18 Months.

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In 1996, Indian entrepreneur Sabbir Bhatia rose to prominence as one of the co-founders of Hotmail, the original free webmail service, alongside Jack Smith. Bhatia’s persistence paid off when one venture financier recognized his promise and invested $300,000 in Hotmail, despite the roughly 18 rejections he had received. With this first support, Hotmail has been pushed into the digital world, indicating the beginning of the revolution of online communication.

A $ 400 Million Contract with Microsoft

Sabeer Bhatia: An Indian Who Built and Sold his Startup to Microsoft for $400 Million in Just 18 Months.

Image Source: entrepreneur.com

Just 18 months after its release, Hotmail attracted the attention of the Microsoft Technology giant. After several months of negotiations, a 400 million-dollar agreement was reached after Microsoft became aware of the potential of Hotmail and then it gained its first 140 million dollar offer. The acquisition of the company not only proved the value of innovative ideas but also brought about a major shift in the IT industry and made Bhatia an industry legend. A key interaction with Bill Gates in 1997, during which Gates expressed interest in a possible future collaboration, changed the course of Bhatia’s career.

Company After Hotmail: Various Roads

After the sale of Hotmail, BHATIA launched many companies, such as Arzoo INC. and JAXTRSMS, as part of the current company. However, these efforts could not replicate the glory of Hotmail. Despite these setbacks, Bhatia has not given up and continues to explore new avenues in messaging, online shopping and Internet of Things applications.

ShowReel: Empowering Startups and Pioneers

Bhatia’s latest endeavour, ShowReel, demonstrates his unwavering commitment to fostering innovation. The ShowReel is an attempt to clearly show Bhatia’s belief in empowering the coming generations of innovators and ensuring the survival of his legacy in the world of technology. It combines instruction with a startup showcase to help business owners realize their visions.

Also Read: Opkey Secures $47M to Transform ERP Testing with AI Innovation

Engaging in CyberDive: A Future Stage

In June, Bhatia was appointed as an official advisor for CyberDive, the company that manufactures the Aqua One smartphone for kids. The addition of Bhatia to the team is considered a decisive step in expanding global coverage of the company, demonstrating its constant influence in the technological sector.

The trip of Saber Bhatia from the co-founder of Hotmail before becoming a technical consultant at Cyber Dive is proof of his tireless desire for innovation and his influence on the digital world.

EU Hits Microsoft with Antitrust Charges for Teams Bundling

EU Hits Microsoft with Antitrust Charges for Teams Bundling

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Microsoft has been accused by the European Union of breaking competition laws by illegally combining its Teams chat program with Office 365 and other Microsoft 365 subscriptions. This is the very first antitrust lawsuit Microsoft has faced in the European Union in fifteen years, after challenges regarding the bundling of Internet Explorer together with Windows Media Player.

Charge Specifications

EU Hits Microsoft with Antitrust Charges for Teams Bundling

Image Source: forbes.com

The European Commission declared its initial assessment that Microsoft violated EU competition laws by linking its Teams offering to its well-liked Office 365 and Microsoft 365 productivity suites. The European Union expressed its worries in an announcement of objections, citing the perception that Teams’ bundling gives them an unfair advantage over rivals.

Microsoft's Reaction

Microsoft separated Teams from Office 365 in Europe in the previous year in response to the inquiry, and it later released the program as a stand-alone worldwide.  Despite the efforts shown by Microsoft to correct it, The European Commission remains worried. President Brad Smith of Microsoft has stated that the organization is ready to cooperate with the Commission and will endeavour to resolve its outstanding issues.

The Investigation's Beginnings

The antitrust inquiry got underway in July 2020 as a result of a Slack complaint.

Microsoft allegedly "illegally tied" Teams to Office, "forcibly installed it for millions of users, prevented its removal, and concealed the true cost to enterprise customers,"

theverge.com

according to Slack. Salesforce, the parent company of Slack, applauded the Commission’s conclusions, viewing them as a win for consumer choice and market competition.

Possible Repercussions

Should Microsoft be found in breach of antitrust laws, the company may be fined up to ten percent of its yearly global revenue. Like in previous years, the European Commission can additionally implement measures to guarantee equal competition. Microsoft was forced to create a variant of Windows with no Media Player in 2004 and add a browser ballot box to Windows in 2009 so that customers could select their preferred web browser.

Also Read: MiddleGame Ventures Hits €55M Milestone Towards €150M Fintech Fund

Final Thoughts

The accusations made against Microsoft highlight the continuous regulatory examination of big tech’s business practices. The investigation’s potential findings might have a big impact on Microsoft and the tech sector as a whole, reaffirming the European Union’s dedication to encouraging customer choice as well as competition in the world of technology.

 
Microsoft to Launch New AI Data Center on Abandoned Foxconn Wisconsin Property

Microsoft to Launch New AI Data Center on Abandoned Foxconn Wisconsin Property

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Microsoft Corporation has announced its acquisition of the abandoned Foxconn manufacturing site in Wisconsin, signaling a significant move towards establishing a cutting-edge AI data center. This development comes as a part of Microsoft’s strategic investment in expanding its infrastructure and technological footprint, particularly in the realm of artificial intelligence.

Partnership for Progress

Microsoft to Launch New AI Data Center on Abandoned Foxconn Wisconsin Property

Image Source: msn.com

In a bid to empower local communities and foster economic growth, Microsoft will collaborate with Gateway Technical College. The partnership aims to train 1,000 individuals by 2030, equipping them with the skills necessary for roles within the data center and other related positions. Additionally, Microsoft plans to engage with 1,000 business leaders, facilitating the integration of AI technologies into their operations.

Political and Economic Implications

The decision to repurpose the Foxconn site also holds political significance, as President Biden views Wisconsin as a pivotal state for his 2024 reelection campaign. This move aligns with his efforts to engage with minority communities, exemplified by his upcoming meeting with volunteers in Racine’s Black community.

President Biden’s visit to Wisconsin is not only a political maneuver but also a nod to the economic potential of revitalizing abandoned industrial sites. His criticism of the Foxconn project as a “con” reflects a broader narrative surrounding failed promises of job creation and economic revival, which the acquisition by Microsoft seeks to rectify.

While Foxconn has reported growth in its Wisconsin operations since 2020, the takeover by Microsoft represents a new chapter for the site. Microsoft’s investment not only brings technological advancements but also holds the promise of job creation and economic rejuvenation for the region.

In parallel, Biden’s campaign is ramping up efforts to secure support from diverse voter demographics, with a significant focus on healthcare issues. A multi-million-dollar ad campaign underscores the importance of engaging with communities and addressing key concerns, including the impact of previous policies on healthcare accessibility.

Overall, Microsoft’s takeover of the Foxconn site stands as a beacon of technological innovation and economic revitalization, while also intertwining with broader political and social narratives shaping the upcoming election cycle.

Wayve secures $1B from SoftBank, Microsoft, and NVIDIA to build AI for self-driving cars

Wayve Secures $1Billion from SoftBank, Microsoft, and NVIDIA to Build AI for Self-Driving Cars

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In the fast-evolving landscape of autonomous driving technology, Wayve, a British unicorn, has recently made headlines by securing a monumental $1 billion investment from industry giants SoftBank, Microsoft, and NVIDIA. This substantial funding is not only a testament to Wayve’s potential but also reflects the booming growth of the UK’s self-driving vehicle and AI sectors.

UK's Booming Self-Driving Vehicle Sector

Wayve secures $1B from SoftBank, Microsoft, and NVIDIA to build AI for self-driving cars

Image Source: cie.auckland.ac.nz

Between 2018 and 2022, the UK self-driving vehicle sector saw a significant influx of £475 million in direct investment, creating 1,500 new jobs. Projections indicate that by 2035, this sector could be worth a staggering £42 billion, generating an additional 38,000 skilled jobs. Similarly, the AI sector in the UK, which currently employs over 50,000 people, is poised for exponential growth, with forecasts predicting a market value exceeding $1 trillion by 2035.

Embodied AI: Revolutionizing Autonomous Driving

Wayve’s focus on developing Embodied AI for self-driving vehicles represents a paradigm shift in autonomous driving technology. Unlike traditional systems limited by strict patterns and rules, Embodied AI empowers vehicles to learn from and interact with real-world environments dynamically. This includes navigating through unexpected scenarios such as erratic driver behavior or unpredictable pedestrian movements, enhancing safety and efficiency on the road.

Wayve's Pioneering Efforts

Founded in 2017, Wayve has been at the forefront of AV2.0 development, pioneering end-to-end AI autonomous driving systems tested on public roads. The company’s success has been bolstered by the UK’s forward-thinking regulatory frameworks, such as the Code of Practice: Automated Vehicle Trialling, fostering innovation and safety in self-driving technology.

UK's Automated Vehicles Bill: A Catalyst for Innovation

Wayve’s substantial investment aligns with the imminent passage of the UK’s Automated Vehicles Bill, designed to facilitate the safe deployment of self-driving vehicles. This comprehensive legal framework ensures rigorous safety testing for autonomous vehicles, clarifies legal liabilities, and sets the stage for a transport revolution that prioritizes safety, convenience, and accessibility.

Government and Industry Support

Leadership figures like Prime Minister Rishi Sunak and Secretary of State for Science, Innovation, and Technology, Michelle Donelan, have hailed Wayve’s achievement as a testament to the UK’s prowess in AI and innovation. This massive investment not only bolsters Wayve’s global expansion but also solidifies the UK’s position as a hub for cutting-edge AI solutions in self-driving technology.

Wayve’s groundbreaking investment underscores the immense potential of AI-driven autonomous vehicles in reshaping transportation and safety standards. With strong government support and industry collaboration, the UK is poised to lead the charge in revolutionizing the future of self-driving cars, setting new benchmarks for innovation and economic growth.

Google, Microsoft, Meta, and Others Launch Child Safety Initiative

Google, Microsoft, Meta, and Others Launch Child Safety Initiative

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In an unprecedented move, tech behemoths Google, Microsoft, Facebook parent Meta, and seven leading AI companies have joined forces to combat the proliferation of child sexual abuse material (CSAM) on the internet. This coalition, spearheaded by non-profit organizations Thorn and All Tech is Human, marks a significant step in leveraging advanced technologies to protect vulnerable individuals.

The Genesis of Collaboration

Google, Microsoft, Meta, and Others Launch Child Safety Initiative

Image Source: in.mashable.com

Thorn, founded in 2012 by Hollywood icons Demi Moore and Ashton Kutcher under its previous moniker, the DNA Foundation, has been at the forefront of developing tools to shield children from sexual exploitation. Their collaboration with All Tech is Human, based in New York, has catalyzed this groundbreaking alliance aimed at implementing robust safeguards within generative AI systems.

Safety by Design: A Paradigm Shift

Central to this initiative is the adoption of a “Safety by Design” principle in generative AI development. This paradigm advocates for preemptive measures that thwart the creation of CSAM throughout the entire lifecycle of an AI model. The newly released Thorn report underscores the urgency of embracing these principles, particularly in light of the escalating threat posed by AI-generated CSAM (AIG-CSAM).

Thorn’s impact report for 2022 revealed a staggering 824,466 instances of child abuse material identified. Last year, over 104 million suspected CSAM files were reported in the United States alone, underscoring the critical need for proactive interventions.

Tackling the Deepfake Menace

One of the most alarming trends addressed by this coalition is the surge in deepfake child pornography. With the accessibility of generative AI models, standalone systems capable of generating illicit content have proliferated on dark web platforms. This exponential growth in deepfake CSAM poses a grave challenge to law enforcement and child protection advocates.

Generative AI technologies have streamlined the process of content creation, enabling malicious actors to produce large volumes of CSAM by manipulating original images and videos. Thorn’s call to action urges all stakeholders in the AI ecosystem to commit to preventing the dissemination and production of CSAM, thereby safeguarding vulnerable populations from exploitation.

The collective resolve of industry leaders, non-profit organizations, and advocacy groups underscores a paradigm shift towards responsible AI deployment. By prioritizing safety and ethical considerations in AI development, this coalition sets a precedent for leveraging technology as a force for societal good, particularly in protecting the most vulnerable members of our global community.

Microsoft Plans to Introduce Ads in Windows 11 Start Menu

Microsoft Plans to Introduce Ads in Windows 11 Start Menu

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Microsoft is introducing advertisements on the Start menu with a new trial feature in Windows 11. With this change, Microsoft Store services will be promoted through the Start menu’s Recommended area, which is normally used for file suggestions.

User Control and Restricted Rollout

Microsoft Plans to Introduce Ads in Windows 11 Start Menu

Image Source: pcmag.com

This feature won’t impact business devices used by companies; instead, it will be evaluated initially with Windows Insiders in the US Beta Channel. With Windows 11, users will be able to turn off these app advertisements in the Settings menu. Microsoft, however, is looking into user input to gauge how well these changes are received. Based on the feedback, Microsoft may decide to modify or delete these modifications.

Prior Advertising Trials

Microsoft’s latest move comes after previous attempts to test advertising in Windows 11, such as trials of File Explorer advertisements last year that were later turned off in beta versions. The business has been experimenting with Windows advertisements for more than ten years, and the Windows 10 lock screen and Start menu currently feature promotional content.

User Input and Future Modifications

The input that Windows testers offer on user experience will be crucial to the success of these advertising integrations. Should the feedback show a notable lack of happiness with these advertisements, Microsoft could reevaluate their incorporation into the final version of Windows 11.

Extension of Windows Shell Advertising

Microsoft has stepped up its efforts to market services and apps inside the Windows ecosystem throughout the last six months. More MSN material will be added to the Windows 10 and Windows 11 lock screens, the Widgets panel will be used as an advertisement board, and the Settings app will have Microsoft 365 subscription prompts integrated into it.

Turning Off Advertisements

Microsoft offers a simple way to stop these app promotions and suggestions for those who would rather not get them through the Start menu. Users may easily block these advertisements by going to Settings > Personalisation > Start and disabling “Show recommendations for tips, app promotions, and more.”

Also Read: Apple Loses Crown as World’s Top Smartphone Seller After iPhone Sales Drop 10%

Statement on the Feature by Microsoft

Microsoft made the following announcement while introducing this functionality to Windows Insiders:

"We are now trying out recommendations to help you discover great apps from the Microsoft Store under Recommended on the Start menu. This will appear only for Windows Insiders in the Beta Channel in the U.S. and will not apply to commercial devices (devices managed by organizations). This can be turned off by going to Settings > Personalization > Start and turning off the toggle for 'Show recommendations for tips, app promotions, and more.'"

yahoo.com