Tag: category-/Business & Industrial

Standard Cognition partners with Circle K on cashierless convenience stores

Standard Cognition today inked a partnership to pilot its cashierless checkout technology in a Circle K store in Phoenix, Arizona. The Circle K location’s existing fixtures, lighting, inventory management systems, replenishment processes, and store layout will remain the same post-retrofit, and customers will have the option of paying via an app or with cash and card […]

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K2View raises $28 million to automate enterprise data unification

Knowledge platform developer K2View today announced it has raised $28 million that will be put toward accelerating go-to-market efforts. K2View, which is targeting customers in industries like telecom, financial services, health care, insurance, and logistics, claims revenue in the first half of 2020 grew at an over 75% compound annual growth rate. Enterprise data is […]

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Simpplr raises $10 million for its AI-powered intranet platform

Simpplr today raised $10 million for its AI-powered intranet platform, which is designed to streamline communications. CEO Dhiraj Sharma says the funds will be used to drive customer adoption during the pandemic as Simpplr develops new products and extends its partner ecosystem. With people increasingly work from home, businesses have put a renewed focus on […]

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Hyundai-Aptiv joint venture promises commercial autonomous vehicles by 2022

The Hyundai-Aptiv Autonomous Driving Joint Venture, a collaboration between Hyundai and Aptiv (formerly Delphi) to develop autonomous vehicle technologies, has a new name. It’s now called Motional, a portmanteau of “motion” and “emotional,” and president and CEO Karl Iagnemma says it’s on track to begin testing fully driverless systems in 2020 and supporting robot-taxi and […]

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Black entrepreneurs can tap new markets — but only with VC backing

The racial wealth gap in the US is immense, and despite recent increased patronage of Black-owned businesses, that gap has actually expanded in recent years. There are many factors that have gone into creating this gap, and many issues that exist because of it, but it is critical to the economic future of the US […]

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StreetLight Data raises $15 million to bring big data analytics to city transport

StreetLight Data, a big data platform that helps cities unlock mobility insights from location data collated from smartphone apps, has raised $15 million in a series D round of funding. The raise comes as cities around the world are having to adapt to a “new normal,” one where social distancing measures require new ways to […]

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COVID benchmarks on ARR, churn, and more from 2020 Key Banc SaaS survey (VB Live)

Presented by Sage Intacct In a post-COVID world data-backed business planning is more important than ever. This year’s Key Banc Capital Markets SaaS company Survey has the benchmarks CFOs, RevOps, and finance leaders need. Join this VB Live event to see where you stand. Register here for free. In light of today’s volatile business market, […]

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Infermedica raises $10.25 million for chatbots and voice assistants that triage health care

Digital health startup Infermedica today nabbed $10.25 million to further develop its platform for symptom diagnosis. The company, which claims to have performed more than 6 million health checks to date, says it will put the proceeds toward R&D and international expansion in the U.S. and Germany. The demand for triaging solutions has risen substantially […]

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Expert System raises $29.4 million for AI text extraction and analysis

Enterprise natural language processing (NLP) technologies vendor Expert System today secured $29.4 million in funding, $20 million of which came from institutional investors. (The remaining $9.4 million arose through the exercise of shareholder rights.) The company says it plans to use the proceeds to accelerate growth in the U.S. and to develop new tools supporting […]

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Expert System raises $29.4 million for AI text extraction and analysis

Enterprise natural language processing (NLP) technologies vendor Expert System today secured $29.4 million in funding, $20 million of which came from institutional investors. (The remaining $9.4 million arose through the exercise of shareholder rights.) The company says it plans to use the proceeds to accelerate growth in the U.S. and to develop new tools supporting […]

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Open banking: the lucrative benefits for smaller FIs and fintechs (VB Live)

Presented by Envestnet | Yodlee Open banking is a global trend changing the way financial data is accessed and shared in the U.S. Learn about the benefits this new and growing open banking ecosystem offers for FIs and fintechs positioned to leverage it when you join this VB Live event. Register here for free. “One […]

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Apple replaces key marketing SVP Phil Schiller with Greg Joswiak

Phil Schiller is one of Apple’s longest serving and most prominent executives, having most recently served as Senior Vice President of marketing and chief of the company’s App Store. Today, Apple announced that longtime marketing VP Greg Joswiak will replace Schiller in the role, and Schiller will become an Apple Fellow, consulting for the company […]

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Microsoft researchers claim ‘state-of-the-art’ biomedical NLP model

In a paper published on the preprint server Arxiv.org, Micorosft researchers propose an AI technique they call domain-specific language model pretraining for biomedical natural language processing (NLP). By compiling a “comprehensive” biomedical (NLP) benchmark from publicly available data sets, the coauthors claim they managed to achieve state-of-the-art results on tasks including named entity recognition, evidence-based […]

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Jobs of the week: Game Engineer, Growth Marketing Manager, Video Game Software Tester

Every week, some of the most exciting tech companies in the world post their latest and greatest job opportunities on Jobs.VentureBeat, powered by Jobbio. From transformative tech to gaming and beyond, Jobs.VentureBeat helps businesses from all over the US hire top tech talent. With that, each week, we’ll highlight a selection of the job roles […]

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EU launches antitrust probe into Google’s $2.1 billion Fitbit bid

(Reuters) — Alphabet unit Googles bid to take on Apple and Samsung in the wearable technology market by buying Fitbit hit a hurdle today as EU antitrust regulators launched an investigation into the $2.1 billion deal. The move by the European Commission came despite Google pledging last month not to use the fitness tracker’s data […]

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GDC Summer offers 112 virtual sessions for 7,500 attendees

The Game Developers Conference got derailed as a physical event in March because of the pandemic, but the virtual version will happen over the next three days with 112 sessions for 7,500 attendees. The event runs from August 4 to August 6, starting at 6 a.m. Pacific time to accommodate international attendees. Those sessions revolve […]

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Isima emerges from stealth with $10 million to apply intelligence to real-time data

Startup Isima today emerged from stealth with $10 million in funding to launch a data convergence platform called BiOS. The company asserts its solution can reduce or even eliminate disparate databases while improving overall speed and reliability. IDC expects the global big data analytics market to be worth $274.3 billion by 2022, and Forbes found […]

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Canalys: Surging tablet sales offset desktop PC declines in Q2 2020

Ten years ago, tablet computers were marketed as the vanguard of the “post-PC” era, but traditional desktop and notebook PCs remained popular as tablet sales plateaued. Thanks to the COVID-19 pandemic, however, tablets saw an unexpected resurgence over the past quarter, benefitting every major tablet maker during a period when shipments of desktop computers markedly declined. […]

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Trump gives Microsoft 45 days to seal TikTok deal

(Reuters) — President Donald Trump only agreed to allow Microsoft to negotiate the acquisition of popular short-video app TikTok if it could secure a deal in 45 days, three people familiar with the matter said on Sunday. The move represents an about-face for Trump and prompted the U.S. tech giant to declare its interest in […]

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Surviving the new normal: What to do when a customer asks to see your startup’s financials

It was 2008 Redwood City, and my startup Makara was riding the early cloud wave born of virtualization, trying to create what is now known as “containerized applications.” Early adopters for this technology were the typical early adopters: financial companies, technology companies, and the occasional retail company reinventing itself. If your startup is doing it […]

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Antitrust experts weigh in on breaking up Amazon, Apple, Facebook, and Google

Gary Reback is perhaps best known as the lawyer who helped convince the U.S. Department of Justice to bring an antitrust lawsuit against Microsoft in the 1990s. He watched the majority of the House Judiciary Committee hearing earlier this week with Amazon CEO Jeff Bezos, Apple CEO Tim Cook, Google CEO Sundar Pichai, and Facebook […]

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ByteDance and Microsoft offer White House a deal to keep TikTok in the U.S.

(Reuters) — China’s ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app, two people familiar with the matter said on Saturday. U.S. officials have said TikTok […]

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ProBeat: Slowing AWS, Microsoft Azure, and Google Cloud revenue growth is a good thing

COVID-19 means work, learning, and life in general are increasingly happening online. Shouldn’t that mean more cloud usage and thus more cloud revenue? Yes, and it does. But that doesn’t necessarily translate to more cloud revenue growth for the three tech giants. Microsoft reported its fiscal Q4 2020 earnings last week, while Amazon and Alphabet […]

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Apple hints at several week iPhone 12 delay during Q3 2020 call

Apple’s fiscal third quarter 2020 was another one for the record books, surpassing analysts’ expectations despite pandemic-related fears of a global recession. But the next quarter might not be as rosy as its predecessors, Apple CFO Luca Maestri hinted today on a conference call with analysts, as COVID-19-related delays could keep the company’s hugely important […]

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Alphabet revenue dropped in Q2 2020, the first decline since going public

(Reuters) — Google parent Alphabet’s quarterly sales fell for the first time in its 16 years as a public company, but the decline was less than expected as many advertisers stuck with the most popular online search engine during the pandemic. Shares of Alphabet fell 1.2% to $1,518.85 after it released the second-quarter results. The stock […]

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Amazon reports $88.9 billion in Q2 2020 revenue: AWS up 29%, subscriptions up 29%, and ‘other’ up 41%

Amazon today reported earnings for its second fiscal quarter of 2020, including revenue up 40% to $88.9 billion, net income of $5.2 billion, and earnings per share of $10.30 (compared to revenue of $63.4 billion, net income of $2.6 billion, and earnings per share of $5.22 in Q2 2019). North American sales were up 43% […]

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LinkedIn details AI tool that better matches jobs to candidates

LinkedIn today pulled back the curtains on Qualified Applicant (QA), an AI system that learns from job candidate interactions the kinds of skills and experience a hirer prefers. It’s the model the Microsoft-owned platform uses to help over 706 million users in 200 countries find jobs for which they have the best chances of hearing […]

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How Xsolla provides developers with a game business engine

Xsolla is a video game powerhouse, but chances are you haven’t heard of it. That’s because the company stays behind the scenes as it provides what it calls a “business engine” for game developers, and it has done so for 15 years. Xsolla handles more than 700 different payment systems around the world. And it […]

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Candis raises nearly $14 million to automate accounting processes with AI

Candis, a startup developing a platform for automated accounting and payment processes, this week closed a €12 million ($13.97 million) financing round. A spokesperson for the company said it’ll be used to further development of Candis’ machine learning engine and fuel growth and expansion within Europe, specifically in the Netherlands. Most paperwork is still done […]

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Antitrust hearing: Amazon, Facebook, and Google were questioned 2x more than Apple

At the “Online Platforms and Market Power” virtual antitrust hearing today, the House Judiciary Committee questioned Amazon CEO Jeff Bezos, Apple CEO Tim Cook, Facebook CEO Mark Zuckerberg, and Google CEO Sundar Pichai over Webex. But they weren’t all questioned equally. Most of the questions were directed at Bezos, Zuckerberg, and Pichai — each of […]

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If your VC firm can’t find talented Black founders, let me introduce you

Martin Luther King Jr. once said during a 1967 NBC interview approximately one year before his assassination, “I believe we ought to do all we can and seek to lift ourselves by our own boot straps, but it’s a cruel jest to say to a bootless man that he ought to lift himself by his own […]

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