IBM’s Answer to Growth is Elementary – Watson

According to a MarketsandMarkets report, the global artificial intelligence (AI) market is estimated to grow at 53.65% annually from $419.7 million in 2014 to $5.05 billion by 2020. The growth in the industry is attributed to the deployment of AI technologies in retail, finance, and healthcare sectors. IBM (NYSE: IBM) is targeting this high growth

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Billion Dollar Unicorns: Russian Avito Gearing up to go Public

According to market reports, the global classifieds market is estimated to grow to $47 billion by the year 2020. Russian player Avito is a Billion Dollar Unicorn club member in the industry.

Billion Dollar Unicorns: Flipkart’s Valuation Bodes Unsteady Future

The entry of Amazon in the Indian e-commerce market has drastically changed the market landscape. Snapdeal’s market share has dropped to 14% from 19%, while Amazon’ market share has increased to 24% from 14%. Flipkart’s market share has dropped from 43% to 37%, and while it still continues to lead the market, its valuation has taken

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Billion Dollar Unicorns: LeSports Cashes in on Niche Video Streaming

According to a report by venture capital firm China eCapital Corp, China’s professional sports industry is estimated to grow to 1.6 trillion yuan (~$242 billion) in annual revenue by 2025, translating to a compounded annual growth rate of 20% from 2016. A major growth factor is expected to be broadcasting rights fees for professional sporting events. LeSports

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WebMD Not Ready for a Sale

Earlier this year, the market was abuzz with rumors that the digital health information site WebMD (Nasdaq: WBMD) was out looking for a potential buyer. Analysts were speculating that Walgreens or insurance provider United Health could be ideal suitors. But WebMD has denied such prospects and continues to improve its offerings instead.

Billion Dollar Unicorns: Real Estate Platform Compass Joins the Club

The number of new Billion Dollar Unicorns has come down drastically in comparison to last year. It is even rarer to find a unicorn in the highly consolidated online real estate industry. Compass is the latest Billion Dollar Unicorn to make this cut with its Big Data-driven real estate platform.

Billion Dollar Unicorns: Online-to-Offline Focus Helps Huimin Enter the Club

According to iResearch Consulting Group, the online-to-offline (O2O) market size is estimated to have grown 38% over the year to RMB 335 billion (~$53.78 billion). The market is expected to grow by over 20% each year through 2018 to be worth RMB 626 billion (~$100.501 billion) in China. China’s Zhongshang Huimin is the latest O2O player to enter

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Billion Dollar Unicorns: Coupa Has a Successful IPO

After a drought of tech IPOs early this year, 2016 is finally ending on a positive note with a string of successful IPOs. After Twilio, Line, Talend, and Nutanix, cloud spend management company Coupa is the latest among Billion Dollar Unicorns to deliver a successful IPO.