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Daily Crunch: Twitter and Facebook take action against Trump

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Facebook and Twitter are taking a stronger stand against pandemic misinformation, we preview the latest version of macOS and a mental health startup raises $50 million. Here’s your Daily Crunch for August 6, 2020. The big story: Twitter, Facebook take action against Trump misinformation Facebook and Twitter both took action against a post from President Donald Trump and his campaign featuring a clip from a Fox News interview in which he misleadingly described children as “almost immune” to COVID-19.

Frosty the plaintiff: Yeti Data flings surprise trademark sueball at Snowflake

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Blizzard of litigation ahead of purported $20bn IPO Snowflake, the much-touted cloud-native data warehouse company, has been hit with a lawsuit over its name just as it is reportedly set to launch a stock market IPO.…

Mode raises $33M to supercharge its analytics platform for data scientists

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Data science is the name of the game these days for companies that want to improve their decision making by tapping the information they are already amassing in their apps and other systems. And today, a startup called Mode Analytics, which has built a platform incorporating machine learning, business intelligence and big data analytics to help data scientists fulfil that task, is announcing $33 million in funding to continue making its platform ever more sophisticated.

Crossbeam announces $25M Series B to keep growing partnerships platform

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As sales teams partner with other companies, they go through a process called account mapping to find common customers and prospects. This is usually a highly manual activity tracked in spreadsheets. Crossbeam, a Philadelphia startup, has come up with a way to automate partnership data integration. Today the company announced a $25 million Series B investment. Redpoint Ventures led the round with help from existing investors FirstMark Capital, Salesforce Ventures, Slack Fund and Uncork Capital along with new investors Okta Ventures and Partnership Leaders, a partnership industry association.

Data warehouse firm hopes more will follow Yellowbrick road for real-time analytics, speedy cloud data transfer

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But the competition is fierce Yellowbrick, purveyors of an analytical data warehouse built on flash memory, has launched feature updates aimed at real-time analysis and cloud-to-on-prem data movement.…

Datafold is solving the chaos of data engineering

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It seemed so simple. A small schema issue in a database was wrecking a feature in the app, increasing latency and degrading the user experience. The resident data engineer pops in a fix to amend the schema, and everything seems fine — for now. Unbeknownst to them, that small fix completely clobbered all the dashboards used by the company’s leadership. Finance is down, ops is pissed, and the CEO — well, they don’t even know whether the company is online.

5 Amazing Benefits Of Big Data For Business Owners In 2020

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The big data market is exploding. According to Markets and Markets, it will be worth $229 billion in the next five years. Despite the rapid evolution of big data, many small businesses are overlooking its benefits. You should not make this mistake. You should consider the vast benefits of big data and invest in it accordingly. Why Small Businesses Overlook Big Data (And Should Start Embracing it) When business owners hear the words big data, they usually start to tune out because they think that it is meant only for major brands like Google and amazon.

How AWS, Azure, and Google Cloud are capitalizing on accelerated digital transformation

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Global enterprises collectively spent $34.6 billion on cloud infrastructure services in Q2 2020. Amazon Web Services retained its lead in capturing global cloud infrastructure services spend – but Google Cloud and Azure plan to respond. Global enterprises collectively spent $34.6 billion on cloud infrastructure services in Q2 2020, marking a $3.5 billion increase from the previous quarter, according to Canalys. This represented the largest-ever quarter-over-quarter (QoQ) spending increase for the sector, though the overall growth rate continues tapering off given the overall scale of cloud spending.

The Future of Fintech: AI & Blockchain

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Sweeping global regulations, the growing penetration of digital devices, and a slew of investor interest are catapulting the fintech industry to new highs. Of the many emerging technologies poised to transform financial services, two of the most promising and mature are artificial intelligence (AI) and blockchain. 74% of banking executives believe AI will transform their industry completely, and 46% of global financial services employees expect blockchain to improve transparency and data management.See the rest of the story at Business InsiderSee Also:Senator Durbin requests Fed probe card networksUS neobank Dave was hit with a data breach earlier this weekAmex adjusted its reward offerings to bounce back from the drop in travel and entertainment spending

The Future of Fintech: AI & Blockchain

Posted on
Sweeping global regulations, the growing penetration of digital devices, and a slew of investor interest are catapulting the fintech industry to new highs. Of the many emerging technologies poised to transform financial services, two of the most promising and mature are artificial intelligence (AI) and blockchain. 74% of banking executives believe AI will transform their industry completely, and 46% of global financial services employees expect blockchain to improve transparency and data management.See the rest of the story at Business InsiderSee Also:Amazon is launching car and bike insurance in IndiaBank branch penetration in the UK will dip from 65.3% in 2019 to 60%–62% in 2024N26 is offering customers a discount on their next Adidas purchase
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