Tag: Commerce

What Kamala Harris’ record says about major AI policy issues

Democratic presidential candidate Joe Biden chose Sen. Kamala Harris (D-CA) to be his vice presidential running mate today. Born in Oakland, California and raised in Berkeley, Harris is the first African American woman and first Asian American woman to be chosen as a vice presidential candidate on a major party ticket in U.S. history. Though […]

Read More

Qualcomm wins U.S. antitrust lawsuit appeal over chip licensing

(Reuters) — A U.S. appeals court on Tuesday reversed a lower court ruling against chip supplier Qualcomm in an antitrust lawsuit brought by the Federal Trade Commission. The United States Ninth Circuit Court of Appeals also vacated an injunction that would have required Qualcomm to change its intellectual property licensing practices. The decision amounted to a […]

Read More

Pinterest expands lipstick Try on feature to over 10,000 shoppable shades

Pinterest today announced updates to increase the discoverability of beauty products and tutorials personalized to individual skin tones, styles, and preferences on its platform. The network made its search filter for skin tone ranges available in countries beyond the U.S. including the U.K., Canada, Ireland, Australia, and New Zealand. Pinterest also refreshed the filter’s design […]

Read More

Google and Qualcomm join $230 million investment in Nokia phone maker HMD Global

HMD Global, the “home of Nokia phones,” has raised $230 million in a “series A2” round of funding from some of its existing strategic partners, including Google, Qualcomm, and Nokia consumer division Nokia Technologies. The Finnish company stressed that this was the “first closing” of the round, suggesting more funding could be added at a […]

Read More

Microsoft’s TikTok acquisition presents both political and technical challenges

(Reuters) – Microsoft’s bid to carve out parts of TikTok from its Chinese owner ByteDance will be a technically complex endeavor that could test the patience of President Donald Trump’s administration, according to sources familiar with the setup. Trump has given Microsoft until Sept. 15 to put together a blueprint for an acquisition that safeguards the […]

Read More

Huawei will stop producing Kirin chipsets on September 15

(Reuters) — Huawei will stop making its flagship Kirin chipsets next month, financial magazine Caixin said on Saturday, as the impact of U.S. pressure on the Chinese tech giant grows. U.S. pressure on Huawei’s suppliers has made it impossible for the company’s HiSilicon chip division to keep making the chipsets, key components for mobile phone, […]

Read More

Apple’s antitrust woes stem from its obsessions with control and money

Apple may now be the world’s largest or second-largest public company by market capitalization, but truly understanding the business requires a flash backwards to a different era: the mid-1990s, when Apple teetered on the edge of bankruptcy. Founder Steve Jobs had no shortage of outside advice after returning to fix the sinking Apple ship, but ultimately focused […]

Read More

ProBeat: Microsoft wants TikTok for the same reason the U.S. fears China

It’s been a month since U.S. Secretary of State Mike Pompeo said the Trump administration was considering banning TikTok. Plenty has happened since, but the situation really accelerated last weekend. In the span of a couple hours, we learned that President Trump was planning to sign an order directing China’s ByteDance to divest its ownership […]

Read More

Trump bans U.S. transactions with TikTok and WeChat starting September 20

(Reuters) – U.S. President Donald Trump on Thursday unveiled sweeping bans on U.S. transactions with China’s ByteDance, owner of video-sharing app TikTok, and Tencent, operator of messenger app WeChat, in a major escalation of tensions with Beijing. The executive orders, which go into effect in 45 days, come after the Trump administration said this week […]

Read More

Researchers say ‘The Whiteness of AI’ in pop culture erases people of color

Depictions of artificial intelligence in popular culture as mostly white can carry a number of consequences, including the erasure of people who are not white, according to research released today by researchers from the University of Cambridge. The authors say the normalization of predominant depictions of AI as white can influence people aspiring to enter the […]

Read More

Rally launches Creator Coin cryptocurrency for influencers

Rally is launching a cryptocurrency dubbed Creator Coin that will help influencers, content creators, and streamers run their own virtual economies. And while it’s all virtual, Creator Coin is a new way for people with fans to make real money. With Creator Coin, Rally will enable influencers to create their own flavor of cryptocurrency that […]

Read More

CryptoKitties creator Dapper Labs raises $11.4 million for consumer-focused Flow blockchain

CryptoKitties creator Dapper Labs has raised $11.4 million in funding from NBA stars and others to build a consumer-focused Flow blockchain that supports digital collectibles. The company aims to enable users to own the digital items they collect with the assurance that the goods are genuine. The round will be used to scale Dapper Labs’ Flow […]

Read More

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, […]

Read More

ChargePoint raises $127 million to bring EV charging to more fleets

ChargePoint, a company that builds electric vehicle (EV) charging infrastructure for cities around the world, has raised $127 million in a round of funding to build what it calls “the most comprehensive global EV charging platform” for businesses and fleets. The company didn’t reveal a valuation at this round, but it has now raised north […]

Read More

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 […]

Read More

AI Weekly: Big Tech’s antitrust reckoning is a cautionary tale for the AI industry

This week, as the heads of four of the largest and most powerful tech companies in the world sat in front of a Congressional antitrust hearing and had to answer for the ways they built and run their respective behemoths, you could see how far the bloom on the rose of big tech has faded. […]

Read More

Apple overtakes Saudi Aramco as world’s most valuable public company

(Reuters) — Apple’s stock hit a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker briefly overtake Saudi Aramco to become the world’s most valuable publicly listed company. Apple’s stock surged to as high as $412.22 a share, putting its market capitalization at $1.762 trillion, according to the share count provided by […]

Read More

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 […]

Read More

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 […]

Read More

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% […]

Read More

Huawei has the same app problem that doomed Windows Phone

Huawei is now the world’s biggest smartphone maker in terms of shipments, according to Canalys data, which suggests the Chinese tech firm surpassed rival Samsung in Q2 2020, albeit mostly due to its domestic sales in China. This is the first time in nine years that a company other than Samsung or Apple has led […]

Read More

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 […]

Read More

The FI and fintech opportunity with open banking (VB Live)

Presented by Envestnet | Yodlee The global open banking trend is about to change the way financial data is accessed and shared in the U.S. Learn why this growing ecosystem offers numerous benefits for those positioned to leverage it with innovative apps and solutions, and more, in this VB Live event. Register here for free. […]

Read More

Amazon CEO Jeff Bezos ‘can’t guarantee’ policy against using seller specific data hasn’t been violated

At the “Online Platforms and Market Power” virtual antitrust hearing today, Amazon CEO Jeff Bezos spoke about a policy that is meant to prevent the company from using seller specific data to help it determine what products it should manufacture and sell itself. “What I can tell you is, we have a policy against using […]

Read More

Eargo raises $71 million to bring its connected hearing aids to more people

Eargo, a company that makes “virtually invisible” rechargeable hearing aids that can be controlled with a smartphone, has raised $71 million in a series E round of funding. The raise comes as technology companies across the spectrum invest in accessibility to make their products more usable and investors take note of the sizable market opportunity. […]

Read More

Advertima raises $17 million for AI that tracks in-store shopping behaviors

Advertima, a startup leveraging AI to customize in-store experiences, today closed a €15 million ($17.3 million) funding round. CEO Iman Nahvi says the company will put the new funds plus €10 million ($11.5 million) of its own capital toward refining its tracking platform. Before the pandemic, AI appeared poised to transform — and indeed was […]

Read More

Shopify’s 6 River Systems CEOs talk Chuck robots, automation, and the pandemic

Shopify acquired 6 River Systems for $450 million in September 2019, just three months after unveiling its Shopify Fulfillment Network, which uses machine learning to ensure timely deliveries and lower shipping costs. What did Shopify want from the fulfillment automation startup? That’s simple: 6 River Systems’ Chuck autonomous robots that can move packages in warehouses. […]

Read More

Twitter revenue falls 19% in Q2 2020, monetizable users rise 34%

Twitter has reported strong user growth for Q2 2020, though revenue — which was already widely expected to be down — fell below analysts’ expectation. The social networking giant announced its most recent financial and user metrics this morning, revealing revenues of $686 million — a  year-on-year (YoY) decrease of 19% on the $841 million reported […]

Read More

Quantexa raises $64.7 million for AI platform that extracts insights from big data

Big data analytics startup Quantexa today closed a $64.7 million financing round, which a spokesperson told VentureBeat will be put toward accelerating the company’s product roadmap and expansion in Europe, North America, and Asia Pacific regions. It comes after a year in which Quantexa landed customers like SBC, Standard Chartered Bank, and OFX and expanded […]

Read More

Google launches Recommendations AI ecommerce tool in public beta

During its Cloud Next 2019 conference, Google unveiled Recommendations AI, a fully managed service designed to help retail-oriented businesses deliver personalized product recommendations to their customers. Beginning today, following a lengthy preview period with early adopters that include Sephora, Boozt, and Digitec Galaxus, Recommendations AI is available in beta to eligible Google Cloud customers. Google […]

Read More

Microsoft launches AI-powered Dynamics 365 retail and anti-fraud services

During its virtual Inspire 2020 conference, Microsoft today announced AI-powered improvements to Dynamics 365, its portfolio of enterprise planning and customer relationship management apps. Connected Store, which leverages intelligent edge devices to deliver targeted alerts, is now in public preview. And Fraud Protection, an offering designed to protect government and retailers from account takeovers, has […]

Read More