CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Amazon has launched a new “Amazon Smbhav Venture Fund” to digitize Indian SMEs as well as drive Agri-tech and Health-tech innovation. What is the total value of this fund?
A
USD 200 million
B
USD 150 million
C
USD 250 million
D
USD 100 million
Explanation: 

Detailed explanation-1: -The Amazon Smbhav Awards 2022 saw startups being recognised in several categories. applauding winners who have excelled across sectors and contributed to the “Pragati” of India, while empowering small businesses, celebrating the spirit of businesses, local sellers, home entrepreneurs, and changemakers.

Detailed explanation-2: -The Alexa Fund. The Alexa Fund provides up to $200 million in venture capital funding to fuel voice technology innovation. We believe experiences designed around the human voice will fundamentally improve the way people use technology.

Detailed explanation-3: -Amazon launches second cloud region in India, pledges $4.4 billion investment. Amazon has set up its second AWS region in India and says the cloud unit will invest more than $4.4 billion in the South Asian market by 2030, part of the company’s attempts to widen its growing cloud tentacles across the globe.

There is 1 question to complete.