Enterprise
Why is Amazon starting a $250 million venture fund in India?
Aims to bring 1 million offline stores online by 2025
Amazon has announced a US$ 250 million venture fund called Amazon Smbhav Venture Fund that’ll invest in small and medium-sized businesses. The goal is to boost India’s export by using technology and the marketplace’s reach.
Amazon Smbhav will be focusing on the digitization of small businesses, agri-tech innovations to raise farmer productivity, and health tech for quality universal healthcare. The fund was announced at Amazon India’s annual Smbhav Summit.
It intends to tap offline sellers and professionals via the fund and on onboarding a million shops by 2025. Another initiative is “Spotlight NorthEast,” which will bring 50,000 artisans, weavers, and small businesses online from India’s North-Eastern states. The region is known for its local produce like honey, tea, and spices.
The announcement came at a fireside chat at the summit between Andy Jassy, incoming CEO of Amazon and Amit Agarwal, Global Senior VP and Country Head, Amazon India. They also revealed the first bet Amazon was making through the new fund — invoice discounting platform M1xchange, in which it has led a $10 million investment.
Amazon said it created close to 300,000 jobs since January 2020 and one million in total. It also boasted of having almost 70,000 sellers, exporting Indian goods to other markets totaling US$ 3 billion in sales.
The timing of Amazon India’s announcement is key because the e-commerce companies have been barred from delivering in the state of Maharashtra amid a Coronavirus-led curfew. While the restrictions are regional, businesses are unable to get necessary and basic supplies. In a work-from-home world, getting an emergency mice/keyboard or mattress should be easy via digitization, but there are antitrust concerns.
Due to a lockdown, offline sellers cannot operate and thus, don’t want online businesses to eat their share. The Narendra Modi-led government has historically sided with the offline traders since they constitute a majority of India’s market. The offline market is still the king, and the gap between the two is very substantial.
If online players operate exclusively for too long, they’ll start gobbling up market share gradually, killing the smaller businesses. While the aim is to maintain a level-playing field, the current rules aren’t helping anybody at the end of the day. The region also fails to collect indirect taxes over the possible transactions, leading to a cash crunch while the pandemic rages.
The FDI (Foreign Direct Investment) rules for the retail market were changed in 2019, meaning Amazon India could no longer directly sell its products. It had to act like a marketplace to maintain healthy competition since 100 percent FDI is allowed in e-commerce as a tech platform, but not as a retailer.
Thanks to the fund, Amazon can show its commitment to India and its initiatives to encourage online trade. India’s new farm laws also make it easier for private companies to invest in agriculture or partner with farmers for contracts.
Amazon had announced an investment of US$1 billion in January 2020 and its purpose was also the same — digitizing India’s small and medium businesses. Founder Jeff Bezos had said back then, “We are doing this now because it is working. And when something works you should double down on it.”
For now, the concerns of a monopoly are diminished because Amazon is going up against India’s homegrown Flipkart, which Walmart now backs. Reliance is also eyeing this segment and has already kicked off a hyperlocal service called JioMart. Lastly, many other retailers like Dmart, Tata CliQ + Bigbasket, and Grofers are available.
Enterprise
OnePlus has reportedly merged with realme
Both brands were previously rumored for restructuring early this year.
OnePlus has a problem. For a while now, rumors have swirled about the company’s dissolution. For their part, the company has continued to deny the reports, citing business as usual. Likely to their dismay, the reports just keep coming. Today, sources have hinted that OnePlus has merged with realme.
Back in January, it was rumored that OnePlus would be closing up shop this year. Since the company very quickly denied the rumors, the report hardly made waves. However, a suspected merger with realme is more difficult to debunk.
For one, realme is itself in a very interesting position. Also back in January, realme was reportedly moving back into being a sub-brand of OPPO. Coupled together with the OnePlus debacle, all this internal restructuring seems par for the course.
According to Digital Chat Station on Weibo, OnePlus and realme have already concluded the merger. The two brands have reportedly united their Chinese and international operations under one roof. Likewise, their marketing will be the same. Pete Lau will still be the main head for this new division.
As with anything of this nature, take this with a grain of salt. OPPO, OnePlus, and realme have not issued any official statements concerning a merger or a shutdown for any brand.
SEE ALSO: realme is reportedly going back to being an OPPO sub-brand
Enterprise
AGIBOT is turning robots into companions for our everyday routines
The era of robots performing cool tricks is over!
The era of robots performing “cool tricks” is over.
At its 2026 Partner Conference, AGIBOT moved embodied AI out of the lab and into the real world.
y using a “One Robotic Body, Three Intelligences” architecture, the company launched five new robot platforms and eight AI models to make physical AI a normal part of how we live and work.
Engineering for human environments
AGIBOT believes that for a robot to be a good partner, it first needs a body you can actually rely on.
Take the AGIBOT A3, for example. This 173 cm tall humanoid weighs 55 kg, about the same as a teenager. It uses a magnesium and titanium build to stay strong yet light.
It moves smoothly for 10 hours straight, and if the battery runs low, you can swap it out in just 10 seconds to keep the momentum of your day going.
In the workplace, the AGIBOT G2 Air acts as a single-arm helper that works right alongside people. It navigates narrow doorways and tight office spaces with ease.
This robot actually learns while it works; it records its environment and actions in real-time to help its AI get smarter every single day.
Then there is the D2 Max, the world’s first Level 3 autonomous four-legged robot. It isn’t a toy you control with a remote; it is a partner that explores tough terrain and handles security patrols entirely on its own.
Finally, the OmniHand 3 series brings a human-like touch to these machines. The flagship Ultra-T model mimics almost any hand movement, while the OmniPicker 3 and OmniHand 3 Lite handle the heavy-duty, high-impact jobs that require extra muscle.
8 models driving autonomy
The “brain” of these machines is a closed-loop system that helps them move, think, and talk.
To master movement, the Behavioral Foundation Model (BFM) allows a robot to copy human actions just by watching a short video.
Another model, the GCFM, lets the robot react to your voice or actions in real-time, which makes its movements feel natural instead of stiff.
To tackle complex tasks, AGIBOT uses a massive dataset called AGIBOT WORLD 2026, a library of real-life situations from homes and factories.
This library helps robots plan out long lists of chores without getting confused. They even use a “digital twin” system called Genie Sim 3.0, where robots practice new skills in a virtual world before trying them in the real one.
On top of that, the WITA Omni model helps the robot understand your feelings, allowing it to talk and move like it’s having a true conversation
Scalable deployment
The robots are becoming a part of our daily lives. By using the MEgo system to collect data easily, AGIBOT is making it simpler for these machines to learn how to help us in shops, warehouses, and our own homes.
As these robots start showing up in our lives, the technology feels less like a complicated machine and more like a companion that helps us grow.
Enterprise
Allbirds suddenly turns into an AI company
Allbirds is an odd shoe company. Though it already enjoyed a cult following in some circles around the world, the brand suddenly expanded its reach everywhere, offering a lighter and more environment-friendly alternative to the usual suspects of the shoe world. Now, getting even odder, Allbirds is ditching the shoes and going barefoot into the world of AI.
It’s one of the oddest transitions in the corporate world. In an official statement, Allbirds has confirmed that it will pivot fully into a “fully integrated GPU-as-a-Service and AI-native cloud solutions provider.” From Allbirds, it will be known as NewBird AI.
It’s not an incredibly abrupt change, though. The shoe brand and its stores won’t disappear overnight. The company will still hold a shareholder vote on May 18. If approved, they will transition into the new brand gradually.
The transition to AI, itself a gremlin of a keyword in today’s financial world, has resulted in the company’s stock value rising up. However, its long-term viability is in question, especially for a company with no experience in a world already drowning in AI.
From last year to today, AI has been the darling child of investors and a plague to consumers. While the former salivates over the short-term gain of AI adoption, the latter ruminates on the technology’s projected effects on the world.
SEE ALSO: Lenovo accelerates production-ready enterprise AI with NVIDIA
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