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Artificial Intelligence: Marty the Robot Hunts for Spills in Supermarket Aisles

Marty the supermarket robot is rather smart. Armed with three high-resolution cameras, computer vision, navigation systems, numerous sensors, and smart AI software, Marty is able to sidestep shoppers and pinpoint spills. Marty is a social robot and the first of its kind to be deployed in a live customer environment in supermarkets.

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Venture Capital: Salesforce Snaps Up CRM Startup Vlocity For $1.33B
February 26, 2020

Salesforce snaps up CRM startup Vlocity for $1.33B. Vlocity builds CRM systems that are industry-specific, cloud and mobile-based. Vlocity’s industry solutions are communications, media and entertainment, insurance and financial services,…

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FinTech: Revolut’s Valuation Surges to $5.5B in Latest $500M ‘D’ Round
February 26, 2020

Mobile-based neobank and a digital provider of financial services, Revolut just raised $500 million in its ‘D’ round led by TCV. Though it is yet to report a profit, Revolut…

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The DailyAlts Playbook: The South Carolina Debate Clown Car, Coronavirus Fears, Trump’s Market Woes, and Mike Bloomberg’s Naked Cowboy
February 26, 2020

We start on Wall Street, where the stock futures aren’t pointing toward any significant recovery. We just experienced the worst two-day performance in four years as investors sound the alarm…

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Private Equity: PE Shops are Going on a Startup Spending Spree, Says Pitchbook
February 26, 2020

A new Pitchbook report shows that private equity shops are snapping up an interesting alternative investment. Flush with dry powder, PE shops have been snapping up VC-backed startups, according to…

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Activist Hedge Fund Looks to Shake Up Insurance Giant Prudential
February 25, 2020

Activist hedge fund Third Point has taken aim at the 172-year-old insurance giant Prudential (LON: PRU). According to a new filing, Dan Loeb’s shop wants to split the firm into…

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Alternative Assets: Funds Surpass $10 Trillion In AUM in 2019
February 25, 2020

A new Preqin report shows that the alternative assets industry has reached “14 figures.” Total AUM surpassed $10 trillion for the first time in 2019. The industry added at least…

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FinTech: QCash Signs Up Tropical Financial Credit Union For Small Loans
February 25, 2020

QCash Financial, the US fintech and digital loan marketplace gained a major new client in Tropical Financial Credit Union (TFCU). TFCU has $700 million in assets and 65,000 members. QCash…

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Artificial Intelligence: The Pentagon Adopts Five AI Principles
February 25, 2020

The Defense Innovation Board recommended the five AI principles. DoD Chief Information Officer Dana Deasy announced the AI principles at a press conference on February 24. The principles “lay the…

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Alternative Investments: February 26 is the D-Day for the Wilshire Phoenix Bitcoin ETF
February 25, 2020

Will the SEC greenlight the Wilshire Phoenix Bitcoin ETF? Crypto market participants seem to be unanimous in their opinion that the SEC will reject the Wilshire Phoenix bitcoin ETF. The…

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Digital Assets: How CBDCs Could Use Maxonrow, the Blockchain KYC
February 25, 2020

Slowly, but surely, momentum is building up in central banks around the world to explore and test the concept of a central bank digital currency (CBDC). Developments in the US,…

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