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Facebook, T-Hub Pick 10 Indian Start-ups for Support Programme

The other start-ups that were shortlisted include Greenturn Idea Factory, Sensegrass, Marut Drones, Shortlist Professionals and Innerhouse

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FILE - The logo for Facebook appears on screens at the Nasdaq MarketSite, in New York's Times Square, March 29, 2018. VOA

Social media giant Facebook and T-Hub, a Hyderabad-based global start-up catalyst, on Wednesday announced the 10 start-ups they have selected for the second edition of their “India Innovation Accelerator” programme.

Announced in May, the programme will support the growth of start-ups focused on finding solutions for social challenges using Artificial Intelligence (AI) in areas of good health and wellbeing, agriculture, clean water and sanitation, decent work and economic opportunities, industry, innovation & infrastructure, climate change and peace and justice and strong institutions.

“At Facebook, we believe Artificial Intelligence will be key to finding disruptive solutions to address societal challenges like access, affordability, and skill shortage. We are excited to champion next generation of tech start-ups applying AI for social good and accelerate their development by giving them access to expertise,” Manish Chopra, Head and Director of Partnerships, Facebook India, said in a statement.

The 10 cohort start-ups include Mumbai-based ftcash which aims to empower micro-merchants and small businesses with the power of credit using digital payments.

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FILE – Attendees walk past a Facebook logo during Facebook Inc’s F8 developers conference in San Jose, California, United States. VOA

While another start-up, StaTwig, is building Blockchain based solutions to ensure that every child is vaccinated with high quality vaccines, Signzy has built a digital trust infrastructure which enables completely secure digital on-boarding using the AI assisted on-boarding (RealKYC), Algorithmic Risk Intelligence (ARI), and Blockchain technology to store and verify consumer information.

Blue Sky Analytics, a geospatial data intelligence start-up, and Pensieve that aims to democratise legal data and make it accessible to the common man were also selected.

Also Read: Google Closes its Controversial Chinese Search Engine Project

The other start-ups that were shortlisted include Greenturn Idea Factory, Sensegrass, Marut Drones, Shortlist Professionals and Innerhour.

The India Innovation Accelerator will support the growth of these start-ups in many ways. A panel of mentors, industry experts, investors, will provide hands on operational support and mentoring with specialised training on product development, marketing, partnerships, management. (IANS)

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Facebook Working to Re-elect Donald Trump, Says Billionaire Philanthropist Geroge Soros

"As tempting as it is to use the tools available to us to change the outcome, I am confident we must never do that or we will become that which we fear."

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The Facebook mobile app on an Android smartphone. Wikimedia Commons

The billionaire philanthropist George Soros has slammed Facebook, accusing the social networking giant of helping to re-elect Donald Trump in the 2020 US election.

“Facebook will work to re-elect Trump and Trump will protect Facebook,” the 89-year-old said during a speech at a dinner hosted by his non-profit Open Society Foundation at Davos on Thursday, reports Politico.

“It makes me very concerned about the outcome of 2020,” Soros added.

Reacting to his outburst, a Facebook spokesperson said: “This is just plain wrong”.

At the dinner speech, Soros called Trump “the ultimate narcissist”, and Xi Jinping a “dictator”, while praising Swedish activist Greta Thunberg.

Soros also announced he will launch “the most important project of my life” — a $1 billion investment in “critical thinking” via a new network of colleges.

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FILE – President Donald Trump speaks to members of the media on the South Lawn of the White House, in Washington, Nov. 4, 2019. VOA

Earlier this month, Facebook Vice President Andrew ‘Boz’ Bosworth claimed that it was the social networking giant that got Donald Trump elected as the US President in 2016 because “he ran the single best digital ad campaign I’ve ever seen from any advertiser”.

In a memo obtained by The New York Times, the key Facebook executive in the same vein suggested that the platform with over 2.45 billion monthly active users should not use its enormous reach to block Trump”s reelection in 2020.

“He (Trump) didn’t get elected because of Russia or misinformation or Cambridge Analytica. He got elected because he ran the single best digital ad campaign I’ve ever seen from any advertiser. Period”, said Bosworth who runs Facebook”s hardware group.

“Trump just did unbelievable work,” Bosworth wrote.

Also Read: Amazon Asks Judge to Block Microsoft from Pentagon Project

“As tempting as it is to use the tools available to us to change the outcome, I am confident we must never do that or we will become that which we fear.”

Facebook also announced it will show fewer political ads to people on its platform and Instagram, starting with the US which faces Presidential elections this year, but won’t ban or limit those as Twitter has already done and Google to some extent. (IANS)