Tag: Commerce

Crypto can prevent money laundering better than traditional finance

Despite common misconceptions, cryptocurrencies like Libra allow better identification and  prevention of illegal activity than traditional payment systems. Last week, President Donald Trump spoke out about the potential misuse of cryptocurrencies to facilitate unlawful behavior. He’s right that crypto assets are sometimes used by bad actors, but every currency and payments system in the world […]

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Social media, vanity metrics, and the push for quality over quantity

To say that social media is not in the best of places at the moment would be something of an understatement. Trolling, abuse, conspiracy theories, propaganda, and terrorism have become increasingly active, and the companies behind these platforms — despite some efforts — are largely failing to stay in control. Cyberbullying is one of the […]

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Why do 87% of data science projects never make it into production?

“If your competitors are applying AI, and they’re finding insight that allow them to accelerate, they’re going to peel away really, really quickly,” says Deborah Leff, Global Leader and Industry CTO for Data Science and AI at IBM, on stage at Transform 2019. On their panel, “What the heck does it even mean to ‘Do […]

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G7 urges tight regulations for digital currencies, agrees to tax digital giants locally

(Reuters) — Digital currencies such as Facebook’s planned Libra raise serious concerns and must be regulated as tightly as possible to ensure they do not upset the world’s financial system, Group of Seven finance ministers and central bankers said on Thursday. Finance Minister Bruno Le Maire of France, which holds the rotating presidency of the […]

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Who was at Transform 2019? Check the photo gallery

Transform 2019: Accelerating Your Business with AI was VentureBeat’s largest and most expansive event to date. Over the course of two days on July 10 and 11, leaders from both the tech giants and disruptive startups came together to share the opportunities and challenges in an AI-first world. The program included keynotes from the main […]

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Industrial 3D printing startup Fortify raises $10 million

Industrial 3D printing startup Fortify has raised $10 million in a series A round of funding led by Accel, with participation from Prelude Ventures, Mainspring Capital Partners, and Neotribe. Founded out of Boston in 2016, Fortify is one of a growing number of “additive manufacturing” companies to target industries, such as aerospace and automotive, with tools […]

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Zappos lead data scientist on the challenges of using semantic search

Online retailer Zappos has never been shy about adopting new technologies to improve its business. And its search bar is no exception: Over the past two years, the company has been overhauling its search algorithms using machine learning. At VentureBeat’s Transform 2019 conference last week in San Francisco, Zappos lead data scientist Ameen Kazerouni talked […]

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Horizon Blockchain Games raises $3.75 million and debuts SkyWeaver online trading card game

Horizon Blockchain Games has raised $3.75 million in seed funding and it has unveiled its debut blockchain game, SkyWeaver, which offers true ownership of digital cards. The Toronto-based game company is treading in a familiar area for blockchain game companies, such as CryptoKitties, in using blockchain — the transparent and secure decentralized ledger technology — […]

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Salesforce launches Einstein Analytics for Partners

Most businesses — a whopping 92%, by some estimates — make a killing from partner sales, but ultimately fail to empower their channel partners with the same tools and information their internal sales teams receive. To reverse the trend, Salesforce today introduced new features to its Sales Cloud partner relationship management (PRM) product aimed at removing […]

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Uber now gives passengers ride credits for buying stuff through Cargo’s in-car commerce platform

Cargo, an in-car commerce company that helps ride-hailing drivers earn extra cash by selling stuff to passengers, is officially launching its Cargo Store mobile app today, giving riders the chance to earn cash back on a host of goods from an expanded marketplace. By way of a quick recap, Cargo has so far partnered with […]

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U.S. senators: Facebook should not be trusted with ‘crazy’ cryptocurrency plan

(Reuters) — Democratic and Republican lawmakers said on Tuesday that Facebook’s track record of what they described as untrustworthiness should stand in the way of it launching a digital currency, labeling the plan “delusional” and “crazy” at a Senate hearing. Facebook is fighting to get Washington onside after it shocked regulators and lawmakers with its […]

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Google Maps now displays bike-sharing stations worldwide

Google Maps is bringing bike-sharing station information to global markets from today, more than a year after first debuting the feature in New York City. Google introduced an integration with Citi Bike in the Big Apple last April, showing travelers the nearest bike-sharing station and revealing how many bikes are currently available. Now, the internet […]

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Grocery chain Giant Eagle taps Grabango to pilot checkout-free experiences

The next time you walk into one of Pittsburgh-based Giant Eagle’s more than 216 supermarkets, 202 GetGo convenience stores, or 56 Ricker’s stores, you might not have to stop by the checkout counter on your way out the door. The supermarket chain today announced that it has partnered with Grabango, a Silicon Valley startup founded […]

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Patreon raises $60 million to expand its creator membership platform internationally

Patreon, a subscription and membership platform that lets creators on YouTube and elsewhere monetize their work, has raised $60 million in a series D round of funding led by Glade Brook Capital, with participation from Thrive Capital, Index Ventures, DFJ, Otherwise, Charles River Ventures, and Freestyle Capital. A number of individual artists also participated in […]

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The power of context in our digital world and how AI can interpret it

Presented by fonYou In times gone by, you would get to know your village shopkeeper and they would get to know you. You’d have a friendly exchange and buy the things you need for your family. Once in a while they would say something like “I’ve got in some more of that hot chocolate you […]

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Waze now displays toll road pricing for drivers in the U.S. and Canada

Waze is rolling out a new feature in the U.S. and Canada that lets drivers see how much they can expect to spend on tolls for any given route. The crowd-powered navigation app, bought by Google back in 2013, already allows drivers to route around toll roads to save money. But now the app will display […]

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Amperity raises $50 million to unify disparate customer data

Ampertiy, a startup developing a range of AI-powered customer data management solutions, today announced that it has raised $50 million in a series C round led by Tiger Global Management, with participation from Goldman Sachs, Declaration Partners, Madera Technology Partners, and Madrona Venture Group. The capital infusion comes after a $28 million series B round […]

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U.S. proposes barring Facebook and other big tech firms from offering financial services

(Reuters) — A proposal to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been circulated for discussion by the Democratic majority that leads the House Financial Services Committee, according to a copy of the draft legislation seen by Reuters. In a sign of widening scrutiny after Facebook’s proposed Libra […]

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