Reliance Industries acquires a majority stake in SaaS startup NowFloats for $20M – TechCrunch

Reliance Industries, one of India’s largest industrial houses, has acquired a majority stake in NowFloats, an Indian startup that helps businesses and individuals build online presence without any web developing skills. In a regulatory filing on Thursday, Reliance Strategic Business Ventures Limited said (PDF) it has acquired an 85% stake in NowFloats for 1.4 billion Indian…

Chatbots spotlight machine learning’s trillion-dollar potential – TechCrunch

Gustavo Parés Contributor Gustavo Parés is CEO of NDS Cognitive Labs, a leader in cognitive computing and AI business solutions. A Professor at Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), he’s partnered with Microsoft, IBM and Google to deliver digital transformation and cognitive technology services. The global industry potential of artificial intelligence is…

Electric vehicle startup Nio lays off 141 employees at its North American headquarters – TechCrunch

Electric vehicle startup Nio is laying off 141 people at its North American headquarters. According to a filing from Employment Development Department of California, the employees at its San Jose office received notice on December 6. Nio, whose global headquarters are in Shanghai, announced last month that it is partnering with Intel’s Mobileye to develop…

The $100M ARR club – TechCrunch

Forget a $1B valuation — $100 million in annual recurring revenue is the cool kids’ club Hello and welcome to a lightweight series I’m writing while I recapture my footing at TechCrunch. It’s lovely to be back, and I’m excited to chat about what’s going on with private companies, public markets and the space between…