Japan's Rakuten to invest at least $100 million in India, increase hiring, top executive says [Yahoo! Finance]
RAKUTEN GROUP INC S/ADR (RKUNY)
NASDAQ:AMEX Investor Relations:
global.rakuten.com/corp/investors
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Source: Yahoo! Finance
strengthen its global operations, a top executive of the internet conglomerate told Reuters. Rakuten plans to invest "at least three digit millions dollars" to scale up technology, infrastructure and hiring, Rakuten's India CEO Sunil Gopinath said, without specifying the exact amount. The company, which operates in sectors such as fintech, e-commerce, and telecom, is using artificial intelligence to enhance operations across key areas including, business tools, customer experience and employee productivity, he said. Rakuten currently employs 4,000 people in India - 90% of whom are tech staff - and plans to recruit people who it considers "power users" of AI. "We look for AI-savvy people that we can intersperse across the company," Gopinath said. The India global capability centre (GCC) is a key contributor in building Rakuten Pay, a major payment app in Japan, and its SixthSense platform, which is used to track the health of a system and flag issues. "It (SixthSense) is al
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