Rocket Internet wants to invest in fintechs and artificial intelligence

Rocket-InternetAfter setting up numerous start-ups from fashion to food delivery, Rocket Internet is targeting other business areas.

“We are now looking for fintechs, software, artificial intelligence, Proptechs,” chief executive Oliver Samwer outlined the goals on Friday. Gross, the start-up factory has therefore 2.6 billion euros in the box office to start up or develop companies. Proptechs provide technology for the real estate industry (Property Technology), Fintech’s financial services.

Samwer also announced at the annual general meeting in Berlin, after the strong growth of the cooking box supplier Hello Fresh in the US to take the US market further into focus. “We will continue to launch companies that will be number one in the US.” Shareholder representatives criticized the fact that the share price of the MDax company Rocket Internet SE is still well below the issue price, and demanded that Samwer formulate the goals more precisely.

Google does not want to provide artificial intelligence for weapons

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Google has promised after fierce internal debates not to provide artificial intelligence for weapons systems.

At the same time, others will continue to work with the military and governments, the Internet company said Thursday. Over the past few months, the company has received massive criticism of its cooperation with a US Department of Defense drone project. It used “tensorflow” chips from alphabet- daughter Google for machine learning to detect objects by aircraft cameras.

A number of Google employees criticized this, although it was emphasized that it was about the evaluation of surveillance images and not attacks. There were internal petitions to get out of the “Project Maven”, several employees filed their notice according to media reports in protest. Google has announced that the project will expire in 2019.

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Nestlé is building up to 500 IT jobs in Switzerland

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The food multinational Nestlé is rebuilding its global computer science and is cutting jobs in Switzerland.

In the future, the Group wants to make better use of its technology center in Barcelona and other locations. The reorganization could lead in this country according to the information of the group to the reduction of up to 500 places. At Nespresso there is an additional shift of 80 jobs to other countries.

The job cuts in IT should be completed within 18 months, as Nestlé announced on Tuesday in a statement. Of these, around 320 jobs are affected at the Group headquarters in Vevey, the others are in Lausanne and the surrounding area, as a Nestlé spokesman spelled out for AWP demand.
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