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S&P Global Buys Startup in Artificial-Intelligence Push

S&P Global Inc.  said it would buy technology startup Kensho Technologies Inc. for about $550 million, its second investment in the artificial intelligence sector this year. The deal is the latest sign of Wall Street embracing AI. Almost one-fifth of banks and financial-services companies surveyed by Greenwich Associates have implemented AI technology into their businesses,… Read More »

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Baltimore startup TeamPassword Acquired by Jungle Disk

Baltimore startup TeamPassword was bought by Texas-based data security firm Jungle Disk, according to the companies, which did not disclose the terms. Jungle Disk officials said the acquisition will allow the company to offer additional services to small businesses, including help generating secure unique passwords and easy-to-use password management. The officials pointed to a recent… Read More »

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BlackBerry is suing Facebook for patent infringement

BlackBerry is suing Facebook for patent infringement, alleging many of the features of Facebook’s messaging services infringe on BlackBerry patents, the company said Tuesday. “[W]e have a strong claim that Facebook has infringed on our intellectual property, and after several years of dialogue, we also have an obligation to our shareholders to pursue appropriate legal… Read More »

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Athlete optimization startup Whoop raises $25 million

Whoop, a sports performance company whose platform helps athletes and coaches understand the impact of physical strain in order to optimize training and reduce injury, has raised $25 million in a series C round of funding. The round was led by the little-known United Arab Emirates firm UAE71 Capital, with participation from a number of… Read More »

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Berlin- and San Francisco-based blockchain startup Centrifuge raises $3.8 million to build the operating system for global commerce

The blockchain startup Centrifuge today announced the closing of a $3.8 million financing round, which was led by Mosaic Ventures and BlueYard Capital. Started by the founders of Taulia in 2017, Centrifuge is developing a decentralized, blockchain-based protocol which aims to rethink how businesses transact with each other, in a more efficient and open way. Invoicing… Read More »

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Dubai Startup Hub launches 3rd Dubai Smartpreneur Competition

In partnership with Smart Dubai, Dubai Startup Hub launched the 3rd Dubai Smartpreneur Competition.This year, the competition is seeking business ideas in 3 categories, namely Blockchain, AI and Digital Transformation. As announced on Mar 4, Dubai Startup Hub has launched the 3rd edition of the Dubai Smartpreneur Competition. The competition is held in partnership with Smart Dubai. Launched… Read More »

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New York startup ServerCube launches ICO to build the largest decentralized high-capacity computing network for crypto-mining, deep-learning AI, VR modeling and BaaS

ServerCube is the server that pays you. The New York-base startup, ServerCube, turns the datacenter model “upside down” by putting high-powered computers, called SC Devices, into residential homes, using the existing electricity and internet. These SC Devices use GPU mining to generate cryptocurrency into a large common pool of which 15% is paid to SC Coin holders… Read More »

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