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February 23, 2020, 4:15 PM
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| Wall Street Journal: |
Sources: Intuit is nearing a deal to buy personal finance portal Credit Karma for about $7B in cash and stock; the deal could be announced as soon as Monday — Acquisition would be Intuit's largest ever and the first sizable transaction under CEO Sasan Goodarzi
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Bloomberg. Tweets: @cararlombardo, @leojtravis10, @turnernovak, @lisaabramowicz1, @chriszeoli, @cararlombardo, @semil, @aaronsuplizio, @bsteverman, @ryan_falvey, @regulatorynerd, @carnage4life, @mengxilu, @poetential, @nachkari, @pitdesi, @mdudas, @amandaorson, @chrisgeidner, @thogge, @trengriffin, @penniesmillions, @chiefofstuffs, @blakeir, and @karolcummins
| Pew Research Center: |
Survey of 979 tech experts: 49% say tech will “mostly weaken” democracy between now and 2030, 33% say it will “mostly strengthen” democracy, 18% see no change — About half predict that humans' use of technology will weaken democracy between now and 2030 due to the speed … | Manish Singh / TechCrunch: |
CB Insights: fintech startups across the world raised $33.9B across 1,912 deals in 2019, which is down from $40.8B raised across 2,049 deals in 2018 — Financial services startups raised less money in 2019 than they did in 2018 as VC firms looked to back late stage firms and focused on developing markets, a new report has revealed.
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CB Insights, Modern Markets, Business Insider, and Business Insider
Tweets: @cbinsights, @cbinsights, @cbinsights, @cbinsights, and @trengriffin
| Natasha Lomas / TechCrunch: |
Irish DPC report: 6 inquiries into multinational tech companies' GDPR compliance were opened in 2019, bringing major cross-border probes to 21, but no decisions — The lead European Union privacy regulator for most of big tech has put out its annual report which shows another major bump … | Liz Hollis / BioWorld: |
Q Bio, a digital health platform offering continuous health monitoring and annual physical exams via subscriptions starting at $3,495/year, raises $40M Series B — Redwood City, Calif.-based Q Bio Inc., which is offering a quantitative assessment of personal health, has come out of stealth mode …
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STAT, Business Wire, Axios, Becker's Hospital Review, PitchBook, FinSMEs, Crunchbase News, and hitconsultant.net
| McKinsey Insights & Publications: |
McKinsey: low- to mid-band 5G will reach 80% of world's population by 2030 and cost $400B to $500B to deploy; high-band 5G will cover ~25% and cost $700B-$900B — The promise of 5G has captured the attention of business leaders, policy makers, and the media. But how much of that promise is likely to be realized anytime soon?
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Gizchina, Telegraph, Fortune, McKinsey Global Institute, and ComputerWeekly.com
Tweets: @mrjoseacevedo, @open_spectrum, @trengriffin, @mckinsey_mgi, @trengriffin, @mckinsey_mgi, and @mckinsey_mgi
| Nick Manes / Crain's Detroit Business: |
Michigan-based Algo, a SaaS startup that uses AI to help companies analyze and manage their supply chains, raises $15M Series A led by Integrity Growth Partners — - $15 million investment into Troy company Algo — Company applies AI to supply chain management
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PR Newswire, FinSMEs, and Pulse 2.0
| Jon Evans / TechCrunch: |
Decentralized Finance (DeFi), the best performing sector in crypto today, feels more like cosplaying a financial system than an actual viable alternative to it — Over the last year or so, much-to-most of the cryptocurrency world has pivoted from the failure of “fat tokens” and ICOs …
Tweets: @counternotions and @jonrussell
| FinSMEs: |
Cyber insurance company At-Bay, which helps businesses assess risk across their tech stack with continuous vulnerability monitoring, raises $34M Series B — At-Bay, a Mountain View, CA-based cyber insurance company, raised $34m in Series B funding. — The round was led by Acrew Capital and Munich Re Ventures, through its HSB fund.
More:
Wall Street Journal and Business Wire
| Will Knight / Wired: |
Interview with Garry Kasparov, the first chess world champion to be defeated by a computer, about chess, AI, and a strategy for staying a step ahead of machines — Twenty-three years after he lost to Deep Blue, Kasparov says people need to work with machines. You have to “nudge the flock of intelligent algorithms.”
Tweets: @softengresgrp, @warinthefuture, @tobywalsh, @sebagon, @mijustin, @scottthurm, @kasparov63, and @skynet_today
| FinSMEs: |
iMerit raises $20M Series B for its platform that helps enrich and annotate large datasets that power advanced algorithms in fields such as machine learning — iMerit, a Los Gatos, CA-based data annotation and enrichment company, raised $20m in Series B funding.| Mon(IoT)r Research Group: |
Study: smart speakers accidentally activate to random words between 1.5 and 19 times per day on average, with HomePod and Cortana devices activating the most — WHEN SPEAKERS ARE ALL EARS — Understanding when smart speakers mistakenly record conversations
More:
ZDNet and Voicebot.ai
Tweets: @dsilverman, @danielko, @tha_crossroads, @donseaoftime, @daniel_rubino, @bmetrock, @maggiekb1, @rishihks, @textually, @mkonnikova, @abujamal1989, @markhachman, @mattk, @nhannahjones, @toure, @dreadpiratemama, @saramorrison, @kashhill, @dvdfreitag, @jtlarsen, @proffnes, @realhamed, @proffnes, and @privacymatters
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