Moreover, the market leader in the premium segment of smartphones Apple also imported both finished and unfinished smartphones from China to India.

But now with manufacturing industries remaining standstill in China, a crunch in the stock of Apple smartphone might hit the Cupertino-based company.

However, a few companies such as South Korea-based Samsung are still breathing a sigh of relief amid the coronavirus outbreak.

Will Indian Companies Benefit From Coronavirus?

Besides foreign players, Indian manufacturers are also trying to improve their position in the mobile market of the country amid the coronavirus outbreak. | To read full story, visit https://startuparound.com/read/1582200081.86703/Will-India’s-Smartphone-Market-Face-Crunch-Amid-Coronavirus-Outbreak??ref=audio_experience

The AI Times is a weekly newsletter covering the biggest AI, machine learning, big data, and automation news from around the globe.

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Now controversial startup Clearview AI, which has gleefully admitted to scraping and analyzing the data of millions, is the target of a new lawsuit citing similar violations.

The budget for fiscal year 2021 (which begins in October) would ramp up spending for AI research at DARPA (the Pentagon’s research arm) and the National Science Foundation by roughly $549 million.

The US and China are so far ahead in AI and associated technologies that they won’t be caught. | To read full story, visit https://startuparound.com/read/1582198205.1407537/I:-The-AI-Times-–-Facebook's-quiet-AI-acquisitions?ref=audio_experience

Digital Motors, a Irvine, Calif.-based automotive retail and financial technology company, raised an undisclosed amount of funding.

Autotech Ventures led the financing round and its managing director Alexei Andreev has joined the company’s Board of Directors.

Other investors in Digital Motors include Jaguar Land Rover’s London-based InMotion Ventures, OpenRoad Auto Group, Maryann Keller, and Ryan Kerrigan, Managing Director of Kerrigan Advisors.

Led by Andy Hinrichs, Founder and CEO, Digital Motors operates a digital retailing platform and intelligent FinTech configuration engine, enabling car dealerships to fully transact with their customers online.

Car shoppers can complete the entire transaction online or seamlessly transition to the dealership at any step in the process. | To read full story, visit https://startuparound.com/read/1582196408.0626166/Digital-Motors-Receives-Funding?ref=audio_experience

Forex trading is also risky; that’s why it is essential to know what you are getting into.

Adopt Multiple StrategiesMany people fail in Forex trading because of adopting a single trading strategy.

Separate Emotions from Forex TradingMany investors make the mistake of getting carried away by emotions when trading Forex.

Dig deep into the internet and learn about the existing trading tricks, factors affecting the forex market, and how to manage risks when trading Forex.

Nearly every trading expert has experienced some loss while trading Forex. | To read full story, visit https://startuparound.com/read/1582194608.9825435/Professional-Advice,-Tips,-and-Tricks-for-Forex-Trading?ref=audio_experience

Hopin, a London, UK-based remote live online events company, raised £5m ($6.5M) in seed funding.

In conjunction with the funding, Luciana Lixandru, who led the investment for Accel, will be joining the board.

The company intends to use the funds to continue to build out its platform, expand its team and quickly scale.

Led by Founder and CEO Johnny Boufarhat, Hopin is an online venue where organizers can create, host and manage live events for up to 100,000 attendees.

Each event can be built as either online-only or layered on top of an existing offline event. | To read full story, visit https://startuparound.com/read/1582192807.8227205/Hopin-Raises-£5M-in-Funding?ref=audio_experience

IIT-M now has now partnered with tech giant Microsoft which will help the institute to get access to the server again.

On Wednesday, IIT-M said that the institute is investigating the reason behind the server shutdown.

“The Institute has a back-up for the email system and will restore the system soon,“ an IIT-M professor was quoted as saying by ET.

While there were speculations of a cyber attack, the professor said that the reason behind the server shut down is unknown till now.

Related Article: This Company Offered Highest Package To IITians on First Day Of PlacementsHas IIT-Madras Joined India’s Cyberattacks Gallery? | To read full story, visit https://startuparound.com/read/1582191006.6874623/IIT-Madras-Server-Issue-Raises-Cyberattack-Alarm;-Microsoft-To-Intervene?ref=audio_experience

UK startup Hopin, the remote live online events company, today announces it has raised €6 million in seed investment, led by venture capital firm Accel.

The funds will be used to build out its platform, expand its team and quickly scale.

Hopin, founded in 2019, is an online venue where organizers can create, host and manage live events for up to 100,000 attendees.

With this investment, Hopin will continue to build out its platform, expand its team and quickly scale.

Hopin is the only platform that can truly replicate an offline event online, no matter the size. | To read full story, visit https://startuparound.com/read/1582189206.350432/London-based-Hopin-raises-€6-million-to-boost-its-all-in-one-live-events-platform?ref=audio_experience

However, it seems like the company’s employees themselves do not trust this picture that Amazon has been tried to sell.

Robert Frederick, who served as senior manager of Amazon Web Services, told BBC Panorama that he would turn off every Alexa device whenever he wanted his conversations to remain private.

Related Article: Amazon Workers In India Are Secretly Watching Homes Through Its Cloud Security CamAn Amazon spokesperson said that Frederick’s quote does not accurately portray how Alexa works.

As per a Bloomberg report, Alexa listens to voice recordings captured in Echo owners’ homes and offices.

In a subsequent statement, Amazon spokesperson said, “We have strict technical and operational safeguards, and have a zero-tolerance policy for the abuse of our system. | To read full story, visit https://startuparound.com/read/1582187405.5220377/Turn-Off-Alexa-To-Keep-Conversations-Private,-Says-Amazon-Exec?ref=audio_experience

In 2018, the Income-tax department was questioning reclassification of marketing expenditure and discounts as capital expenditureThe court has issued a notice to Flipkart last month to appear and represent its caseNearly one-and-a-half-years after its last direction, the income tax department has intervened again in Flipkart’s 2018 case of tax classification.

The IT department has moved the Karnataka High Court in 2018, which issued a notice to Flipkart last month to appear and represent its case.

The department had been questioning Flipkart over the reclassification of marketing expenditure and discounts as capital expenditure (capex) which involves INR 110 Cr tax penalty on Flipkart for the tax assessed for FY15-16.

Flipkart had been asked by the Income Tax Appellate Tribunal (ITAT) in Bengaluru to deposit $8.5 Mn (INR 55 Cr) as tax and $8.5 Mn (INR 55 Cr) as a bank guarantee by February 28, 2018.

Capital expenditure versus revenue expense has been a bone of contention between ecommerce companies and the Income Tax department for quite some time now. | To read full story, visit https://startuparound.com/read/1582185606.1610315/IT-Department-Drags-Flipkart-To-Court-In-2018-Tax-Classification-Case?ref=audio_experience

Delhi-NCR headquartered online insurance aggregator PolicyBazaar has shuffled its top-management including cofounder in line with its plans for international expansion.

An ET report citing sources said that former managing partner of WaterBridge Ventures, Sarbvir Singh has been appointed as the CEO, replacing cofounder Yashish Dahiya, who is now group CEO.

Further, the new CEO will be reporting to cofounder Dahiya.

In his new role, Dahiya will now have a broader role within the EtechAces group.

Founded in 2008 by Alok Bansal, Avaneesh Nirjar and Yashish Dahiya, PolicyBazaar Group began as a web aggregator and comparison website for insurance products. | To read full story, visit https://startuparound.com/read/1582183806.2155225/PolicyBazaar:-Sarbvir-Singh-New-CEO;-Cofounder-Dahiya-Is-Group-CEO?ref=audio_experience