Financial News
Seedtag Raises Over €250 Million from Advent International
Seedtag, the leader in contextual advertising in EMEA and LATAM, has announced that it has raised over €250M in funding from private equity investor Advent International. The company intends to use the funds to further scale its Contextual AI technology, LIZ, as well as for innovation and worldwide operations, advancing its expansion into the US, the world's largest advertising market, and providing additional firepower for further M&A activity as Seedtag embarks on its next phase of international growth. Growth in the United States is a key strategic focus, with Albert Nieto, co-CEO and co-founder of Seedtag relocating, and offices in New York, Miami, Chicago and Los Angeles now established. Over the past eight years, Seedtag has built a privacy-first advertising solution, pioneering the use of AI and machine learning to create the best contextual product in the market. Seedtag's solution is currently the leading contextual solution in Europe and Latin America, with its AI and programs such as Seedtag LAB providing advertisers with a much deeper understanding of user interest without the use of personal data.
Nucleus Research Releases 2022 Database Management Technology Value Matrix
With data stored and processed in databases expected to double by 2025, many organizations are reevaluating their backend infrastructure in order to reduce costs, extend agility, and improve performance at scale. "As data volumes continue to scale, we've found that customer needs have also shifted," said Research Analyst Alexander Wurm. "Now customers evaluate a wider range of capabilities in competitive deals, and vendors compete to deliver elastic scalability, serverless compute, integrated data governance, and in-database analytics to capture emerging adoption." To address emerging customer needs, leading vendors are investing in artificial intelligence and machine learning in order to extend governance and automate administrative tasks such as performance tuning and resource provisioning. Leaders in this year's Value Matrix deliver advanced functionality without sacrificing ease-of-use at scale.
AI, Cloud Computing Propel Alphabet Earnings
Alphabet's Q3 financial results, released Tuesday (July 26), showed that Google Search and Google Cloud were big factors in the company's growth, along with greater innovations around artificial intelligence (AI). "In the second quarter our performance was driven by Search and Cloud," Alphabet and Google CEO Sundar Pichai said. "The investments we've made over the years in AI and computing are helping to make our services particularly valuable for consumers, and highly effective for businesses of all sizes. "As we sharpen our focus, we'll continue to invest responsibly in deep computer science for the long-term." Chief Financial Officer Ruth Porat added that the company had a "solid performance" in the quarter.
Amazon buying One Medical is only its most recent dive into the health care industry
Amazon said it will acquire the primary care organization One Medical for $3.9 billion. Amazon said it will acquire the primary care organization One Medical for $3.9 billion. Amazon plans to buy the primary care organization One Medical in a nearly $4 billion deal, adding to the growing list of the tech giant's acquisitions and attempts to expand its reach in the health care industry. "We think health care is high on the list of experiences that need reinvention," Neil Lindsay, senior vice president of Amazon Health Services, said in a statement last week. One Medical is a membership-based primary care practice with nearly 200 locations across the country that also offers virtual services.
Modeling Financial Products and their Supply Chains
Bjarnadottir, Margret, Raschid, Louiqa
The objective of this paper is to explore how financial big data and machine learning methods can be applied to model and understand financial products. We focus on residential mortgage backed securities, resMBS, which were at the heart of the 2008 US financial crisis. These securities are contained within a prospectus and have a complex waterfall payoff structure. Multiple financial institutions form a supply chain to create prospectuses. To model this supply chain, we use unsupervised probabilistic methods, particularly dynamic topics models (DTM), to extract a set of features (topics) reflecting community formation and temporal evolution along the chain. We then provide insight into the performance of the resMBS securities and the impact of the supply chain through a series of increasingly comprehensive models. First, models at the security level directly identify salient features of resMBS securities that impact their performance. We then extend the model to include prospectus level features and demonstrate that the composition of the prospectus is significant. Our model also shows that communities along the supply chain that are associated with the generation of the prospectuses and securities have an impact on performance. We are the first to show that toxic communities that are closely linked to financial institutions that played a key role in the subprime crisis can increase the risk of failure of resMBS securities.
Theator Raises $39.5M for AI-Driven Surgical Intelligence Platform
In addition, new growth investors including iCON and TripActions' CEO and Co-founder Ariel Cohen joined the round. Theator, the creator of Surgical Intelligence, announced today that it has raised $24M in an extension of its Series A funding round. This extension follows an initial $15.5M Series A round announced in February 2021, bringing the round total to $39.5M.[FP1] Theator is pioneering Surgical Intelligence to eliminate the paradigm that where you live determines if you live. Theator's Surgical Intelligence Platform institutionalizes the routine capture of surgical video data, harnessing AI and computer vision to automatically analyze every operation.
Knup Solutions Completes Acquisition of Coded Content - Knup Sports
July 20, 2022 (Orlando, FL) – Knup Solutions, a leading sports betting content agency in the United States, today announced the acquisition of Coded Content. Coded Content is a software solution that uses artificial intelligence and coding to auto-generate uniquely written content for sports websites. The acquisition complements the rest of the Knup Solutions service offerings in the content space. Not only will they continue to have their team of 70 sports creators writing articles & creating videos, but now with the acquisition of Coded Content, the company will be able to offer more scale & a lower price point for websites looking for AI-created content. AI-Driven content is emerging as a hot topic in the marketing world, not only in the iGaming industry but across all areas.
Council Post: Why The AI Revolution Is All About Augmentation
People who are skeptical of artificial intelligence (AI) and machine learning (ML) often harbor fears of robots stealing jobs and human workers being replaced by automatons. But the reality is that AI is increasingly being applied across sectors not to replace our jobs but to enhance them. AI and ML applications are augmenting every facet of how we do business, giving knowledge workers superpowers to be more productive, capable and effective than ever before. As a founding partner at an investment firm specializing in technology, I have a ringside view of the ways that companies are integrating new intelligent software into their business practices, bringing breakthrough solutions to major problems and opening up new opportunities for revenue growth. With the ability to avoid hours of menial labor and solve problems that were previously insurmountable, companies can elevate human potential in unprecedented ways.