Business Merger and Acquisition, Microsoft, Google, Salesforce - Current Affairs Questions and Answers

ANSWER: Neural machine translation technology

Explanation:
Google unveiled a new set of products and features for Indian languages to better serve the needs of Indians who were coming online rapidly.

Google Translate will use a new ‘neural machine translation technology’ to translate between English and nine widely-used Indian languages. These include Tamil, Kannada, Malayalam and Telugu. Other languages are Hindi, Punjabi, Bengali, Marathi and Gujarati.

The firm indicated neural translation offered a huge improvement over the old phrase-based system, translating full sentences at a time instead of pieces of a sentence.

This change improves the quality of translation in a single jump than seen in the last ten years combined.

Sharing insights from the joint report “Indian Languages - Defining India’s Internet” - by Google and consulting firm KPMG India, the company stated the country had 234 million Indian language users who were online compared with 175 million English web users.

Google aims for another 300 million Indian language users to come online in the next four years.

The extension of neural machine translation to Chrome browser’s built-in auto-translate functionality to web content would make full-page translations more accurate and easier to read.

The content ranges from song lyrics to cricket discussions.

The new translation capability will also be available to users on Google search and Maps to aid discovery of new places such as cafes and hotels with translations of local reviews on Google Maps, both on mobile and desktop.

Extending support to cover all 22 scheduled Indian languages, Google also rolled out new Gboard, a keyboard for Android unveiled in launched in December 2016.

It has transliteration support for languages.such as Urdu, Tamil, Hindi and Bengali.

With Google Search built right into the keyboard, Gboard will allow users to ‘search’ and use Google Translate right on their keyboard.

For users who often switch back and forth between Hindi and English, they will also be able to use ‘Hinglish’ language option with new text editing tool.

ANSWER: Rackspace

Explanation:
Cloud services provider Rackspace Hosting Inc said it would be acquired by Apollo Global Management LLC in a deal valued at USD 4.3 billion. The PE firm will boost investments in the technology sector.

• Rackspace’s shares went up 4.3 percent at USD 31.50 in early trading on 25th August.
• Offer represents a premium of 38.2 percent to Backspace’s closing price on August 3, the day prior to reports that the company was in advanced talks with PE firms for a go private deal.
• Rackspace had been reported to earlier be in talks with Apollo
• As part of the deal closing in the 4th quarter, PE firm Searchlight Capital Partners will also make an investment in Backspace
• Apollo with USD 186 billion in assets have been stepping up investments in technology
• Affiliates of the firm in July agreed to acquire Outerwall Inc, the owner of Redox video rental kiosks private in a deal valued at USD 1.6 billion
• Rackspace leases server space and helps corporations store and access data in cloud.
• It has focused on growing its cloud business in the face of rising competition from established players such as IBM Corp, Microsoft and startups in the field
• Citigroup, Deutsche Bank, RBC Capital Markets LLC and Barclays were financial advisors while Goldman Sachs and Co advised Backspace.
• Financing for the deal is being provided by CItigroup, Deutsch Bank, Barclays, Royal Bank of Canada are providing financing for the deal
• Paul, Weiss Rifkind and Wharton & Garrison LLP are legal advisers to Apollo while Wilson Sonsini Goodrich & Rosati is Rackspace’s Legal Adviser.

ANSWER: Tez

Explanation:
On 18th Sept 2017, Finance Minister Arun Jaitley launched Google’s payment app - ‘Tez’.

Tez by Google is perhaps the simplest form of monetary transactions.

Tez by Google and other ecosystems will make a major change in the digital payments landscape in India.

The tech giant claimed that Tez will enable money transfer directly from the bank accounts of customers, without them having to share their ‘personal information’.

The app will function on both Android and iOS platforms.

Google also said that the app will ‘understand’ eight Indian languages and will work with 55 banks

Tez (which means “Fast” in Hindi is Google’s play to replace cash transactions and become a more central part of how people pay for things, using their mobile to do so.

But it’s also a chance for the company to push out some new technologies - like audio QR (AQR), which lets users transfer money by letting their phones speak to each other with sounds - to see how it can make that process more frictionless, and therefore more attractive to use than cash itself.

Tez will see Google linking up with several major banks in the country by way of UPI (Unified Payments Interface) - a payment standard and system backed by the government in its push to bring more integrated banking services into a very fragmented market.

There will also be phones coming to the market from Lava, Micromax, Nokia and Panasonic with Tez preloaded, the company said.

Google has confirmed to me that payments made and taken using UPI are free for consumers and small merchants

To be clear, Tez is not a mobile “wallet” in the same way as PayTM offers a mobile wallet, where money is stored in the app and needs to be topped up to be used;

It’s more like Apple’s Wallet or other mobile wallets in the west: a place that links up your phone with your bank accounts to let you use your phone as a way to deduct payments from those accounts.

Supported banks include Axis, HDFC Bank, ICICI and State Bank of India and others that support UPI.

Online payment partners include large food chains like Dominos, transport services like RedBus, and Jet Airways

The app has support for English, Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil, and Telugu.

For money transfers, there is a limit of ₹1,00,000 in one day across all UPI apps, and 20 transfers in one day.

AQR and Tez: Know More

• Google says that AQR - the sound-based format for transferring money securely between devices - is its own proprietary technology.
• This appears to be the first time that Google has used it for payments, although it has used ultrasonic sound for transferring information between devices before
• For example, the tech has been used in Chromecast to connect devices since 2014. Other startups that have used audio-based “codes” to transfer payments and other data before include Lisnr, and Chirp.
• While AQR might seem like a neat technical twist, there are some practical reasons behind why Google might opt for this in Tez.
• For starters, it obviates the need for NFC in the device, and in the payment devices of merchants or whoever else a person is planning to transact with.
• The other thing is that it makes any kind of contactless transaction with the device fairly flexible and easy.
  
• Services like Airdrop on iPhones require Bluetooth and if you’ve used it before isn’t that seamless and foolproof to turn on (even though it works like a charm when it does). QR codes, meanwhile, require you to turn on the camera on your device and physically align it with a code on another screen, a potentially fiddly and difficult process.
• Using audio taps into some of the most basic features on even the most basic phones, a speaker and a microphone.
• Google has also trademarked the name in other Asian countries like Indonesia and the Philippines, so there seems to be a wider strategy to expand this to other regions.
• India, the second-most populated country in Asia after China, is a ripe market for mobile payment services, with a rapidly expanding middle class with more disposable income and a wider population that is very tech-focussed, with an estimated 300 million smartphones in use today.
• Digital payments are expected to reach a volume of $500 billion annually by 2020, according to a report from BCG and Google.

ANSWER: All of the above

Explanation:
Google on Sept 12, 2017 unveiled several updates to its Translate App in an effort to bring down language barriers.

It said users in Tamil, Kannada, Telugu, Urdu, Bengali, Gujarati and Marathi can experience offline translations and instant visual translation in their preferred language.

The biggest application is that they are breaking language barriers.

Google Translate has also added support for conversation mode in regional languages including Tamil and Bengali.

This feature lets users have a bilingual conversation with someone, simply by talking to the Google Translate app.

Google Translate: Know More

• India is among the top four countries globally using Google Translate which translates over 140 billion words every day.
• More than 400 million people in India used the Internet.
• But the vast majority of India’s online content is in English, which only 20% of the country’s population speaks.
• The Translate app already lets the user use camera mode to snap a photo of English text and get a translation for it in these languages.
• Now, with Word Lens feature, Google has taken it to the next level, letting users instantly translate text using their camera.
• The company said now it was way easier for speakers of local Indian languages to understand English street signs in the city or decide what to order from a restaurant menu.
• Word Lens is powered by machine learning, using computer vision to distinguish between letters on an image.
• With the company's Google Translate, users can easily turn their phone into a powerful translation tool, whether for studies, business, travel or work.
• Offline support enables Indian language users to translate a word or sentence even when they are not connected to the Internet.

ANSWER: Drive File Stream

Explanation:
Google let fly an announcement that PC and Mac desktop app for Google Drive is going the way of the Dodo bird.

As the new alternative, customers will have two options.

For those using the G Suite service, the solution is called Drive File Stream, an app that will allow for quicker, more streamlined access to their files and also the ability to choose which ones are made available offline.

For non-G Suite users, another app called Backup and Sync will be the way to go.

It will have all the same features as the Google Drive desktop app that most users currently access on a regular basis, but with an added photo capability as well.

This seems to be a move towards making Google more of a one-stop shop for your online cloud storage.

The Backup and Sync app will allow users to store a large amount of photos, provided they're cool with the slight compression that will happen during the upload process.

If not, they'll have to pay extra for more storage.

After the debacle that was Google+, the company is hoping that, with this change, more customers will be housing all of their data in their infrastructure instead of with other providers.

ANSWER: Project Brainwave

Explanation:
In a bid to make artificial intelligence more accessible all-round, Microsoft has kicked off a new project which delivers real-time AI via the cloud.

It is utilizing some nifty technology from Intel.

Project Brainwave is described by Microsoft as a deep learning acceleration platform which employs Intel’s Stratix 10 FPGA (field programmable gate array) hardware accelerator to run AI.

This is through the cloud and still deliver near-instant results.

The system is capable of processing and transmitting data with ‘ultra-low latency’, delivering results as fast as that data comes in, and so effectively operating in real-time.

And that’s a clear boon for the sort of applications that need this, from digital assistants through to the likes of autonomous driving.

The system has already shown that Intel’s Stratix 10 tech can exceed 39 Teraflops in terms of performance on a single request.

Microsoft engineer Doug Burger notes that at that level of performance, the Brainwave architecture sustains execution of over 130,000 compute operations per cycle.

It is driven by one macro-instruction being issued each 10 cycles.

Running on Stratix 10, Project Brainwave thus achieves unprecedented levels of demonstrated real-time AI performance on extremely challenging models.

And further gains are expected as Microsoft hones the system over the next year or so.

Project Brainwave supports deep learning frameworks including Microsoft’s own Cognitive Toolkit and Google’s Tensorflow, and the firm is planning to bring it to Azure customers as well.

Powerful real-time AI processing capabilities on tap will be another major string to Azure’s bow.

ANSWER: Thomas Cook India Group

Explanation:
Thomas Cook India Group, the holding company of Fairfax in India, has acquired five destination management companies of Kuoni Group for ₹125 crore.

The acquisition will deliver greater synergies and growth opportunities across inbound, outbound, MICE and corporate travel businesses.

In April, the company had entered into an agreement with Kuoni to acquire these businesses located in Asia, Australia, Middle East, Africa and Americas and the deal closed on June 29, 2017.

The acquisition will enable Thomas Cook India Group to expand its global footprint to 21 countries in 4 continents.

These companies include Asian Trails in Asia Pacific, Allied T Pro in North America, Desert Adventures in Middle East, ATM in Australia and Private Safaris across Southern and Eastern Africa.

With the addition of 17 new countries through the acquisition, Thomas Cook India Group’s travel business network had expanded significantly adding 1,000 crore to the company’s top line and ₹25 crore to profit before tax (PBT).

Prior to this acquisition, the Group’s Thomas Cook (India), SOTC Travel, TCI-SITA and Kuoni Hong Kong had a network spanning 4 countries which include India, Sri Lanka, Mauritius and Hong Kong.

Post acquisition, The Thomas Cook India Group’s employee strength has gone up to 6,500 people in 21 countries. It has a combined revenue of ₹8,700 crore.

The acquisition of a significant part of Kuoni’s Global Destination Management network represents an important milestone for a rapidly growing Thomas Cook India Group.

ANSWER: Dubai

Explanation:
Dubai has become the first city in the world to have its own Microsoft font.

The font will have typeface both in Latin and Arabic script.

It will be made available in 23 languages - Afrikaans, Arabic, Basque, Britannic, Catalan, Danish, Dutch, English, Finnish, French, Gaelic, German, Icelandic, Indonesian, Italian, Norwegian, Farsi, Portuguese, Sami, Spanish, Swahili, Swedish and Urdu.

The Microsoft font was launched by the Crown Prince of Dubai Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum.

The font will be used by UAE’s government bodies and also by 100 million Office 365 users around the world.

UAE has launched the ‘Dubai Font’ in line with its vision of becoming a regional and global leader in innovation.

The country views the launch as a part of its continuous efforts to be ranked first in the digital world.

The country expects the new font and its unique specifications to become popular online and in smart technologies across the world.

The launch of new font is expected to boost the emirate’s competitiveness in smart technology.

Dubai: Know More

• Dubai is the largest city in UAE.
• It has the world’s tallest tower, Burj Khalifa.
• Dubai has been taking a series of initiatives to broaden its appeal by investing in technology and culture.
• Dubai will play host to the six-month Expo 2020 under the themes of sustainability and mobility.

ANSWER: Bengali

Explanation:
Aimed at helping Bengali speakers discover new information quickly, Google on March 29, 2017 announced the introduction of Knowledge Graph in the Bengali language on Google Search.

What is more, Google said its search will now also support spell correction for Bengali queries, improving the search experience for the millions of Bengali speakers around the world.

The Knowledge Graph enables users to search for things, people or places that Google knows about - landmarks, celebrities, cities, sports teams, buildings, geographical features, movies, celestial objects, works of art and more.

This will help over 200 million Bengali speakers to search for things they care about,

Google Knowledge Graph is currently available in 41 languages and it is tuned based on what people search for, and what Google finds out on the web, improving results over time.

The feature allows users to get straight to the answer and not trillions of webpages to scroll through.

Knowledge Graph: Know More

• The Knowledge Graph is a knowledge base used by Google to enhance its search engine's search results.
• It uses semantic-search information gathered from a wide variety of sources.
• Knowledge Graph display was added to Google's search engine in 2012.
• It was starting in the United States, having been announced on May 16, 2012.

ANSWER: Andhra Pradesh

Explanation:
Government of Andhra has entered into an agreement with technology giant Microsoft to use Microsoft Azure Stack for AP government state data centre.

The chief minister Chandrababu Naidu and Microsoft CEO Satya Nadella signed an MoU during an event called ‘Microsoft Future Decoded’ in Mumbai on 22nd Feb 2017.

Under the MoU, Microsoft Azure Stack for the first time in the world will be used to migrate live applications currently hosted in Hyderabad State Data Centre (SDC) to Vizag data centre.

Government of India helped erstwhile Andhra Pradesh to build a state data centre in Hyderabad with the funding of INR 400 crore.

However, after bifurcation of the state into residual Andhra Pradesh and Telangana, both the states have bifurcated servers and data but they are using the same data centre in Hyderabad.

As per the Andhra Pradesh Reorganisation Act, 2014, AP has 10 years rights on the data centre but state is gradually planning to move all applications hosted in Hyderabad SDC to Vizag and Vijayawada data centres.

The US-based company has tested this Microsoft Azure Stack in its lab but it has not been physically delivered or commercially used anywhere in the world.

For the first time, Microsoft is doing proof of concept (POC) with Government of Andhra Pradesh to prove its capability.

Currently more than 340 applications of Andhra Pradesh including eSeva, MeeSeva, Core Dash Board are running in Hyderabad SDC.

Under the PoC agreement, state will migrate 15 applications to Vizag data centre.

To migrate, part of the applications will be taken to cloud and from cloud it will be transmitted onto the Azure Stack.

In this process, live applications will move from Hyderabad to Vizag.

Once the box is with government Microsoft will not have access to the data but they will have access to data in the cloud.

The security of the data and application at this stage resides with the Microsoft.

What is Azure Stack?

• A data centre basically has three important components - server, applications and storage.
• The hardware for all three components are different and they are controlled by software also knows as controller.
• For migration of the data centre from one location to other, generally private companies put on-premise data centre into the cloud and then to different location or it remains in the cloud.
• However, governments are highly conscious of data security because they deal with personal data of citizens.
• So, they usually avoid going to cloud and prefer data to be within their boundaries.
• Microsoft Azure Stack which encompasses three key components of the data centre - application, server, and the storage - into one physical box and delivers to the client, ensures 100% control over the box.
• Technically, it is a cloud software that is binding the entire stack together in one environment.