Niraj Goel is a highly successful tech-billionaire and NRI with his reach across countries like Singapore, the United States, Germany, New Zealand, Malaysia, Hong Kong, India, United Arab Emirates, etc. This tech magnate has quite recently announced that his company (Clone Algo Group) is going to develop various wearable devices. These fashion wears, which will be developed by the company, will utilize artificial intelligence technologies.
The devises will be used in chip-embedded clothes, rings, belts, bracelets and other fashion wears, with the idea of reducing use of hand-held tools. Goel is the owner of a group of companies that are functional under Clone Algo. The group is well prepared for the mega launch to happen quite soon all over the globe. This is what one of the officials who constantly monitor breakthroughs in technologies has to say.
Goel is keeping all of his plans regarding the launch quite confidential for second generation technology release. However, the industry and financial observes are expecting that this leading technologist is likely to make a leap in technology field with the launch of wearable devices that use chip-embedded into body clothing like shoes, strap-ons, rings, etc.
Commenting on the news, one of the technology venture capitalists said that Clone Algo is going to make a fashionable statement with the launch of chip-embedded wearable devices for clothing, eliminating the need of hand-held devices.
Clone Algo group is raising 250 million US dollars by the sales of 20 million shares which are priced at USD 12.50 per unit via share placement. The proceeds will be used to support the research and development of a plethora of apps that the company designs for mobile phones as well as other wearable devices. It will also be used to support the launch as well as marketing work. The artificial intelligence technology pioneered by Goel’s group dominates algo trading across European and US markets.
In fact, Niraj Goel is leading the technologies in Asia. In a recently published news article regarding tech-entrepreneurs and tech-billionaires of Asia, Niraj Goel ranked at 6th position. With a vision and innovation in technology, Goel will lead the others. In an interview, Goel said that he is going to make the life easy for the people by utilizing innovation and artificial intelligence in technology sector. Though he kept his plans confidential and soon will be announced in a mega launch of his brand new product.
To Know More About Niraj Goel : http://www.nirajgoel.com