02nd FEBRUARY 2021,
- Google Is Shutting Down Its In-house Stadia Game Studio
Google announced today is shutting down its internal Stadia game development division, as it refocuses Stadia to remain a home for streaming games from existing developers instead of developing its own games for the service. As part of that change, the company is shutting down both its Los Angeles and Montreal game studios, both of which existed under the Stadia Games and Entertainment banner. Google says that “most of the SG&E [Stadia Games and Entertainment] team will be moving on to new roles,” but Jade Raymond the Ubisoft and EA industry veteran that led the Stadia studio teams will be leaving the company entirely.
Issuing the announcement, Stadia Vice President and General Manager Phil Harrison confirmed that Google will continue to invest in the Stadia platform. Explaining the reason behind shutting down the game development studios, he says, “creating best-in-class games from the ground up takes many years and significant investment, and the cost is going up exponentially. Given our focus on building on the proven technology of Stadia as well as deepening our business partnerships, we’ve decided that we will not be investing further in bringing exclusive content from our internal development team SG&E [Stadia Games and Entertainment], beyond any near-term planned games.”
- Samsung Galaxy M02 Announced With 6.5" Display & 5000 Mah Battery; Price = Rs 6999
After its successful 'M' series, Samsung Galaxy M02 expands the company’s entry-level smartphone lineup in India. Samsung on Monday launched Galaxy M02 with a large 5000mAh battery, good camera and large screen starting from Rs 6,999 (2GB+32GB variant) in India. The 3GB+32GB variant will cost Rs 7,499 on Amazon.in, Samsung.com, and all key retail stores. The new Galaxy M-series device is “designed to cater to accelerating digital needs of consumers, be it work, play or content streaming,” claims Samsung. As an introductory offer, consumers can avail of a special discount of Rs 200 on Amazon.in for a limited time, the company said in a statement.
Galaxy M02 contains a dual rear camera with 13MP main lens and 2MP macro sensor. The device offers a 5MP front-facing camera. The 6.5-inch screen with HD+ Infinity V Display device is powered by the MediaTek 6739 processor and will be available in four colours: Black, Blue, Red, and Gray. "With the launch of Galaxy M02, we are confident that this mega entertainer will further strengthen our positioning in the sub-Rs 10K segment," said Aditya Babbar, Head, Mobile Marketing, Samsung India.
- Robotic Process Automation Platform Uipath Raised $750 Million At $35 Billion Valuation.
UiPath, one of the leaders in the rapidly growing robotic process automation (RPA) space, announced Monday that it has closed on $750 million in Series F funding at a staggering post-money valuation of $35 billion. Registering more than three-fold jump from a valuation of $10.2 billion in July last year when it raised $225 million in financing. Existing backers Alkeon Capital and Coatue co-led the round, which also included participation from other returning investors like Altimeter Capital, Dragoneer, IVP, Sequoia, Tiger Global, and funds and accounts advised by T. Rowe Price Associates, Inc.
Founded in 2005, UiPath provides robotic process automation solutions to companies, aiding them to automate several repetitive business processes. Its automation platform provides customers with a set of capabilities to build, manage, run, engage, measure, and govern automation across departments within an organization. The firm possesses a significant presence in India, having over 400 customers including Karnataka Bank, Bank of India, Max Healthcare, Quess, Tech Mahindra, and Wipro among others. Globally, the company says it has automated millions of repetitive tasks for over 65% of the Fortune 500 companies and eight of the Fortune 10 companies. Among its clientele includes Google, HP, Airbus, GE, Nasa, Autodesk, and DHL.
- Sweden-based Stillfront Acquired Teen Patti Creator Moonfrog Labs.
Sweden-based free-to-play gaming studios Stillfront Group, on Tuesday, announced it will acquire Bengaluru-based Moonfrog Labs Private Limited, the company behind popular games like Teen Patti Gold, Ludo Club, Rummy Gold, and others. The acquisition will help Stillfront establish a robust platform to grow organically and through merger and acquisitions (M&A) in the Indian subcontinent. The acquisition will be conducted in four tranches, leading to a 100% takeover.
In the first phase, Stillfront will secure 91% stake in Moonfrog Labs for a consideration of $90 Mn on a cash and debt-free basis, payable in cash. The remaining 9% will be acquired through a maxim of three additional tranches, jointly referred to as “Deferred Tranches.” The closing of the transaction is subjected to customary closing conditions and is expected to close by February 26, 2021. "With the acquisition of Moonfrog, Stillfront adds a highly profitable and successful studio to the group and expands our geographic footprint to the Indian subcontinent, a strategic move into one of the fastest-growing mobile game markets worldwide," Stillfront's CEO Jörgen Larsson said in a press statement.
- Fossil Gen 5E Smartwatch with Heart Rate Monitoring Launched in India; Price = Rs 18,490.
Fossil Gen 5E has been launched in India after making its debut in the US in October 2020. The Gen 5E is a toned-down version of the Fossil Gen 5 that launched in India in November 2019. The Fossil Gen 5E is priced at Rs. 18,490 including GST and is available on the official website as well as Flipkart. The smartwatch features an AMOLED display and is powered by the Snapdragon Wear 3100 SoC, 1GB of RAM, and 4GB of storage. It offers features like quick charge, 3ATM water resistance, and heart rate monitoring. The Fossil Gen 5E is offered in multiple color options.
The smartwatch is offered in Men (44mm) and Women (42mm) styles with multiple color options for each. There are Silicone, Stainless Steel, Leather, and Stainless-Steel Mesh strap options with the Fossil Gen 5E. For connectivity, you get Bluetooth 4.2 LE, NFC, and Wi-Fi. Sensors on board include accelerometer, gyroscope, off-body IR, and PPG heart rate sensor. In Extended Mode, Fossil says the battery can last for more than 24 hours. With quick charging, the Gen 5E can be charged to 80 percent in 50 minutes. There are multiple battery modes including Daily Mode, Extended Mode, Time Only Mode, and Custom Mode.
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