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Private Equity Shops are Going on a Startup Spending Spree, Says Pitchbook
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 a report from Pitchbook.
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The New Geneva AI Tool Automatically Learns How to Evade Censorship
In the arms race to implement (and avoid) censorship, David has a new tool against Goliath. It’s called Genetic Evasion, or Geneva for short. Censoring regimes and authoritarian governments are…
Paypal Blocks Payments to PornHub Models; Cryptos See Opportunity
Pornhub is up in arms against PayPal for suddenly blocking payments to its 100,000 models. “We are all devastated by PayPal’s decision to stop payouts to over a hundred thousand…
Bank-branded Checking Accounts Soon from Google
Google is partnering with Citigroup and the Stanford Federal Credit Union to offer checking accounts by next year. Checking accounts. That all-important banking bastion may fall as cashed-up, data-heavy, and…
These Funds Were the Biggest Laggards in 2019
In a raging bull stock market, the biggest losers in 2019 were obviously funds that were short, or bet on volatility. A Morningstar compilation of the 20 top loser funds…
IMF Analyst: A Lot of Mutual Funds Could Collapse in a Panic
International Monetary Fund analyst Laura Kodres warns that investors are putting too much faith in mutual funds. According to Deutsche Bank, half of the high-yield asset funds could experience liquidity…
Is China Winning the Artificial Intelligence Race?
The artificial intelligence race draws many comparisons to the moon race between the United States and China. But is that an overreaction, and, if so, who is winning right now?
Facebook’s New Payment System to Roll Out This Week in the U.S.
Facebook announced Tuesday the launch of Facebook Pay, a new payment system. Facebook Pay will handle payments across the Facebook ecosystem, namely, Facebook, Messenger, Instagram, and WhatsApp. Payments via Facebook…
Bad to Worse: WeWork Bonds are Plunging
WeWork bonds hit new lows this week after a financial review of the company MarketAxess.
Woodford Investors Might Lose One-Third of Their Money
The LF Woodford Equity Income Fund might lose more than one billion pounds, according to a new Reuters report. The fund – backed by 300,000 investors – failed due to…
New Swiss Regulated Bank is a Bridge Between Traditional Banking and Crypto
Switzerland -headquartered SEBA Bank AG became fully operational on Tuesday and started taking on Swiss customers. It received a banking and securities dealer license from the Swiss Financial Market Supervisory…
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