Rakuten sets up new research center in India to explore practical applications of deep learning

Maria Nikolova

The range of focus areas for Rakuten Institute of Technology Bengaluru will include practical applied research around deep learning to detect and predict financial fraud.

Japanese online services provider Rakuten Inc (TYO:4755) has earlier today unveiled an expansion of its research network. In a press release, Rakuten says it has opened a new office of its dedicated research and development organization, Rakuten Institute of Technology, at its operations center in Bengaluru, India.

Rakuten Institute of Technology Bengaluru is the first research center for the institute in India and the sixth office worldwide. Rakuten Institute of Technology, which aims to harness the creativity and innovation, as well as the potential of emerging technologies to fuel the growth of e-commerce, already has research centers located in Tokyo, Paris, Boston, Singapore and San Mateo.

Masaya Mori, global head of Rakuten Institute of Technology, says:

“India has a vibrant computer science research community in Bengaluru and we look forward to collaborate with academic researchers to discover and develop new technology applications.”

Specific areas of focus for Rakuten Institute of Technology Bengaluru will include:

  • Practical applied research around deep learning to detect and predict financial fraud;
  • Advancing research of Computer Vision, in particular its applications in e-commerce and medical imaging;
  • Advancement of automation to improve efficiency in warehouse robotics and logistics.

Sunil Gopinath, Senior Vice President, Rakuten Institute of Technology Bengaluru, comments:

“Rakuten Institute of Technology Bengaluru has been set up with an aim to strengthen Rakuten Institute of Technology’s global vision of leveraging technology to further improve the convenience of Rakuten’s e-commerce, fintech and digital content services.”

Rakuten’s passion for the development and adoption of new technology solutions has been shown numerous times. About a year ago, for instance, the company announced the launch of Rakuten Accelerator powered by Techstars. The three-month mentorship-driven Rakuten Accelerator seeks to provide innovative startup companies from around the world the chance to shape the future of “Messaging as a Platform” for new technologies. It includes initial funding and three months of mentorship.

Read this next

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

Retail FX

Prop firm The Funded Trader shuts down, claims relaunch in April

Prop trading firm The Funded Trader has ceased all operations, with claims for a relaunch in the near future.

Digital Assets

Ethereum-Based Tokenized Real Estate Platform USP Launches On Republic

How This Californian Startup Is Revolutionizing Real Estate Investment through Ethereum-Based Tokenization.

Digital Assets

Sui Spikes in Weekly DEX Volume, Joins Top 10 of All Blockchains

March DEX volume on Sui stands at over $2.88B – up more than 49% from February – with decentralized exchange Cetus and wholesale liquidity layer DeepBook leading.

<