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Today's top tech news: Google CEO thinks AI will be more a profound change than fire
Today's top tech news: Google CEO thinks AI will be more a profound change than fire

In yet another story, Indian bike rental startup Bounce raised US$105M, co-led by Eduardo Saverin’s B Capital and Accel Partners. Google CEO thinks AI will be more a profound change than fire.

Google’s chief executive officer has left no doubt in how important he thinks Artificial Intelligence will be to humanity.

“AI is one of the most profound things we’re working on as humanity. It’s more profound than fire or electricity, ” Alphabet Inc CEO Sundar Pichai said in an interview at the World Economic Forum in Davos, Switzerland on Jan 22.

Alphabet, which owns Google, has had to grapple with its role in the development of AI, including managing employee revolts against its work on the technology for the United States government. In 2018, a group of influential software engineers successfully delayed the development of a security feature that would’ve helped the company win military contracts.

Bounce, a Bangalore-based startup that operates over 20,000 electric and gasoline dockless bikes and scooters in nearly three dozen cities in India, said today it has raised US$105 million in a new funding round as it explores sustainable ways to expand within the nation and build its own electric vehicles.

The new financing round, Series D, was co-led by existing investors Eduardo Saverin’s B Capital and Accel Partners, said the startup. The new round valued Bounce at a little over $500 million, up from about $200 million in June last year, a person familiar with the matter told TechCrunch.

The Stock Exchange of Thailand (SET) is pursuing its initiative to encourage SMEs and startup businesses to raise funds via the capital market, expecting general investment this year to be challenged by external factors, urging investors to properly manage the risks.