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Uber agrees to buy electric cycle-sharing startup JUMP Bikes

SAN FRANCISCO: Ride-hailing company Uber said on Monday it has agreed to buy electric bicycle service JUMP Bikes, allowing Uber to offer US passengers an alternative to cars and further consolidating the crowded bike-sharing industry. JUMP is a dockless electric bike service that has rolled out in San Francisco, where it has 250 bikes, and Washington. About 100 JUMP employees will join Uber, an Uber spokeswoman said. Terms of the deal were not disclosed. The deal furthers Uber’s goal of offering “the fastest or most…

Cameroon startup launches drones for global market

YAOUNDE, Cameroon: Talking fast and dreaming big, William Elong shows off the first "made in Cameroon" drone at his sixth-floor workshop in downtown Douala, minutes from the economic capital's Atlantic seafront. The 25-year-old, known as a high-flyer after being named one of Forbes' most promising young Africans under 30, is enthusing about his new unmanned aerial drones and keen to promote his company and Africa as a place where IT and new tech can flourish. We must "get out of the Afro-centric vision of business" to…

ORRI: Your finger can be your smartphone

Hong Kong based start-up Origami Labs is looking to change the way we interact with our mobile phones with the release of its innovative new wearable product ORII this month. A Kickstarter project, ORII is the world's first voice-powered smart ring that turns your finger into a smart phone. Just by touching your ear you can make calls, send messages, set reminders, or anything else that Siri or Google Assistant can do for you. ORII uses bone conduction to send sound along your finger and into your ear, giving the…

Microsoft buys Canadian AI startup Maluuba

Microsoft announced Friday a deal to buy Maluuba, a Montreal startup focused on making machines able to think the way people do. Bringing on board Maluuba co-founders Kaheer Suleman and Sam Pasupalak, along with their team from the startup, was intended to accelerate Microsoft's "ability to develop software so computers can read, write and converse naturally," the company said. Microsoft did not disclose financial terms of the acquisition. "Maluuba's vision is to advance toward a more general artificial intelligence by…