It is evident that, we are somehow closer to stop functioning of the Chinese apps in India but what about the Chinese investments in various companies in India. Indian Army has asked its personnel to delete 89 apps from their smartphones including Facebook, TikTok, Truecaller, Instagram,PubG to plug leakage of information.
The 13-lakh strong Army has directed all its officers and soldiers to delete their Facebook and Instagram accounts as well as 89 apps from their mobile phones by July 15th.
“The directive has been issued because there has been an exponential increase in the number of military personnel being targeted online by intelligence agencies of Pakistan and China,” said an officer.
Cyber expert Pawan Duggal says that China has set the goal of creating the world’s most advanced artificial intelligence and machine learning by 2030, with the data coming from Chinese apps in the country, their most advanced technology is in the works , If the flow of data being collected from India is broken then the work of their Artificial Intelligence Project will be severely affected.
Chinese was the front runner by investing huge round of funding into the companies who works on the platform of Intelligence and data sharing and collecting. One of the app, which has recently came to lime light ,which is funded by ByteDance, a Beijing-headquartered content service provider , operates content platform Toutiao in China and TopBuzz in the US and Brazil.
These days, many big countries of the world including America, India, Europe and China are engaged in the project of Artificial Intelligence and Machine Learning, companies like Google, Facebook, Alibaba, Facebook, Tencent, and Baidu to create the most advanced Artificial Intelligence and Machine Learning. It is engaged, if it is ready, then all companies will not have to take research, survey or data to sell their products.
One such company, Founded as Newshunt in 2009 by Virendra Gupta, Co-Founder, Chief Executive Officer and Board Member,it was later rebranded as DailyHunt in mid-2015. The company had started monetising its content through digital ads over a year ago after onboarding former Facebook executive Umang Bedi, gradually they are able to pulled various high profilled executives from the corporate world.
Dailyhunt, a news aggregation app available across many vernacular languages such as Marathi, Gujrati, Nepali amongst others. Besides India, it operates in countries including Sri Lanka, Nepal, Bangladesh, and some African countries is backed by all foreign investors including venture capital firms Sequoia Capital, Goldman Sachs, Sofina and China’s ByteDance.
The company’s application uses unique machine learning and deep learning technologies for smart curation of content and tracking user preferences, thus providing users with personalized content and notifications to its users in Android, IOS & Windows platforms. The software recognises the user/news readers patterns of choice and interest, so that the AI technology pushes those types of news to match the interest, it means once you open the software, the company and technology knows on what you read and what you search and what your area of interest.
Recently, Dailyhunt has raised Rs 180 crore from existing investors Bytedance, Falcon Edge, Goldman Sachs and Advent Management. The funding round for the Bengaluru-based firm has come after its talks with SoftBank did not go through last year. Just finished the series G investments.
There are portfolio of investors from US to China and more then 11 investors are into the company including Advent Capital management( New York), Bharat Inclusive Technologies Seed Fund ,Lupa Systems( A private investment company led by James Murdoch, based out of New York), Sofina(Brussels, Belgium), Stonebridge partners(New York), Goldman Sachs Investment partners(New York), Sequoia capital( California), Falcon Edge capital, Matrix Partners, Carlyle Group and others.
A report says, the estimated valuation of Dailyhunt stands at around Rs 4,164 crore. This is a Rs 494 crore or 13.44% jump from August last year when it had raised around Rs 20 crore from Stone Bridge at an estimated valuation of Rs 3,670 crore.
