Nearly four years ago, Dmitry Grishin launched a US 25 million fund to invest exclusively in consumer robots. Grishin, the co-founder, chairman, and CEO of Mail.ru, the Russian Internet giant, believed that robotics was going to be one of the next big technology revolutions, and he was willing to put his money where his mouth was. Now the Russian investor is ready to double down on his vision. Grishin Robotics has recently announced a second fund four times as large as the original one. The new 100 million fund will seek Series A and B deals and expand its focus to include startups in markets like connected devices, collaborative and material-handling robots, AI and data analytics, and industrial Internet of Things.

There's a line I often say to my colleagues…heck, I say it to my friends and family too: The one thing that's constant about being around me is change! Well, that and the fact that I'll always be thinking about (and talking about) food. Change and innovation is what Facebook is all about, too. F8, Facebook's annual conference for developers and service-building entrepreneurs, took place in San Francisco this past week and there's much buzz about Chatbots, the latest addition to Facebook's Messenger platform. Chatbots--(and the AI that powers them)--are important because they are in many ways the future of communication and, for sure, the future of customer service.

As a reminder, all participants' lines will be in the listen-only mode. There will be an opportunity for you to ask questions after the presentation concludes. I would now like to hand the conference over to Mr. Aravind Viswanathan. Thank you and over to you, sir. We will begin the call with business highlights and overview by Abid, the Chief Executive Officer and Member of the Board, followed by the financial overview by our CFO, Jatin Dalal. Afterwards, the operator will open the bridge for Q&A with our management team. Before Abid starts, let me draw your attention to the fact that during this call, we may make certain forward-looking statements within the meaning of Private Securities Litigation Reform Act 1995. These statements are based on management's current expectations and are associated with uncertainties and risks, which may cause the actual results to differ materially from those expected. The uncertainties and risk factors are being explained in our detailed filings with the SEC. Wipro does not undertake any obligation to update the forward-looking statements to reflect events and circumstances after the date of filing thereof. The conference call will be archived and the transcript will be available on our website. Ladies and gentlemen, let me now hand it over to Mr. Abid. Today is the first opportunity for me to interact with all of you since I've taken over as the Chief Executive Officer of Wipro, and it's a special moment for me. While I will speak about the performance of our full quarter and the full fiscal year, I thought I will take this opportunity to begin by speaking about our ambition, our strategy and how we are going to execute this strategy. Since I got announced within two days, I was able to define and announce my structure and I had already preselected my leadership team which I announced on 6th of January, effective February 1. Over the past 80 days after I have taken over as CEO, I've had the opportunity to go around the globe and meet about 70 of our top 100 clients. And both with my leadership team and with the customers, I've had the opportunity to validate the strategy that we have been working on and this gives me a high level of confidence on the relevance of our overall strategy. Our ambition is to double our revenues to 15 billion by fiscal 2020 with a 23% operating margin.

And I immediately think they will die irrelevant.

Is creativity a uniquely human trait? Defining the line between human and machine is becoming blurrier by the day as startups, big companies, and research institutions all compete to build the next generation of advanced AI. This arms race is bringing a new era of AI that won't prove its power by mastering human games, but by independently exhibiting ingenuity and creativity. Sophisticated AI is undertaking increasingly complex tasks like stock market predictions, research synthesis, political speech writing--don't worry, this article was still written by a human--and companies are beginning to pair deep learning with new robotics and digital manufacturing tools to create "smart manufacturing." Hod Lipson, professor of engineering at Columbia University and the director of Columbia's Creative Machines Labs, is pushing the next frontier of AI.

Artificial Intelligence has made huge advances in recent years in many areas, including language processing, vision, and machine learning; we are also seeing the emergence of platforms that integrate different kinds of AI, such as IBM Watson (Arria is a Watson ecosystem partner). Within medicine, I see a lot of excitement about using many aspects of AI; of course Natural Language Generation (NLG), but also using predictive analytics to anticipate potential problems, using machine learning to build diagnostic algorithms, using natural language processing to identify relevant research findings, using computer vision to analyze scans, and using robotics to assist surgeons and other clinicians. Natural Language Generation (NLG) software systems generate narratives that summarize, explain, and communicate complex data sets to people. The huge amount of data available in the modern world can overwhelm people; NLG humanizes the flood of data so that it helps rather than overwhelms people. NLG systems use data analysis and artificial intelligence techniques to analyze complex data sets, and computational linguistic techniques to communicate the results of the analysis in a high-quality narrative text.

VC Chris Dixon of Andreessen Horowitz thinks it's a lot harder to predict financial cycles than it is to see a new computing platform coming down the pike. As he noted in a recent post, new cycles tend to begin every 10 to 15 years; assuming the 2007 introduction of the iPhone kicked off the last wave, we're fast heading toward the Next New Thing. Or things, technically, according to Dixon, who we caught up with yesterday. Among the trends that Dixon is watching closely, he says, are virtual reality, augmented reality, IoT, wearables, drones and cars. Not that it'll be easy to make money off these newer technologies. In fact, Dixon suggests it could be ridiculously challenging, given how quickly Facebook, Google, and Amazon are bringing aboard related talent.

San Francisco played host to Microsoft's Build Conference last week. It was with excitement and anticipation (plus a little envy) that I caught up with the keynotes and presentations online. And I wasn't disappointed – Microsoft has certainly made some clever moves to bring even better services to the development community with businesses likely to reap huge benefits. If you didn't have the time to either fly to San Francisco or watch the conference online, here are my key take outs that are likely to impact our clients in the near future: Microsoft has successfully removed the two major barriers to building apps for all mobile devices: cost and complexity. In February this year Microsoft announced the acquisition of Xamarin.

Jody Williams received the Nobel Peace Prize in 1997 together with the International Campaign to Ban Landmines for their central role in establishing the 1997 Mine Ban Treaty. The US-based political activist is known across the world for her efforts to enhance understandings of security and related issues in the world today. She is also the chair of the Noble Women's Initiative that she founded in 2006 together with five other women Nobel Peace laureates. She, along with 20 of her fellow Nobel Peace laureates have called for a preemptive ban on Lethal Autonomous Weapons Systems (LAWS)--weapons that could operate without human supervision once activated even in matters of killing human beings. The UN's Convention on Certain Conventional Weapons (CCW) held their third informal government's meet in Geneva from 11-15 April.

Janicza Bravo makes short films about loneliness. In one, Michael Cera plays an abrasive paraplegic who can't get lucky. In another, Gaby Hoffmann plays a phone stalker for whom the description "comes on too strong" is not strong enough. Bravo's shorts employ the visual grammar of art-house cinema: over-the-shoulder shots representing a character's point of view, handheld tracking shots depicting urgent movement, lingering closeups to heighten intimacy or unease, carefully composed establishing shots with an actor in the center of the frame. In March, 2015, Bravo went to Venice, on the western edge of Los Angeles, to meet with a production company called Wevr. The name is pronounced "weaver," but it can also be thought of as a sentence, with "We" as the subject and "V.R." as the verb. As anyone who has read a tech blog within the past five years, or a sci-fi novel within the past five decades, knows, "V.R." stands for virtual reality--a loosely defined phrase that is now being applied to several related forms of visual media. You put your smartphone into a portable device like a Google Cardboard or a Samsung Gear--or you use a more powerful computer-based setup, such as the Oculus Rift or the HTC Vive--and the device engulfs your field of vision and tracks your head movement. The filmic world is no longer flat. Wherever you look, there's something to see. The producers at Wevr invited Bravo to write and direct a V.R. project. "I said no," she told me. "It sounded like a technical thing, and I'm not into technical. But then I talked to my husband, and he said, 'How often do people just hand you money in this business?' So I changed my mind." She thought about what kind of story might be told most effectively in the new medium. "The two words I kept hearing about V.R. were'empathy' and'immersion,' and I wasn't sure that being immersed in one of my dark comedies would be all that useful."