category-/Business & Industrial

Goldman faces probe after entrepreneur claims gender bias in Apple Card algorithm

(Reuters) — A probe into Goldman Sachs’ credit card practices has been initiated after tweets from a tech entrepreneur alleged gender discrimination in the new Apple card algorithms that are used to determine credit limits.

In a series of Twitter posts starting on Thursday, David Heinemeier Hansson railed against the Apple Card for giving him 20 times the credit limit his wife got, Bloomberg reported on Saturday.

Hansson, who is the creator of web-application framework Ruby on Rails, didn’t disclose any specific income-related information for himself or his wife but said they filed joint tax returns and

Read More

Investors are missing the point on Roku

On Wednesday Roku announced what by all accounts were positive results for the third quarter. Active accounts were up by nearly 2 million, cresting 32 million; the company beat revenue projections by more than $4 million, hauling in $261 million; and it delivered a loss of 22 cents per share, again beating analyst estimates of a loss of 28 cents. Roku did all of this while driving average revenue per user from $21.06 in the prior quarter to $22.58. It even raised its full year guidance, reporting an expected $1.1 billion in revenue for the full year.

Despite this solid

Read More

Snapdocs raises $25 million to streamline mortgages with AI

Real estate tech company Snapdocs today revealed that it has raised $25 million in series B funding to further develop its products and platform. Coinciding with the news, the San Francisco-based company announced the opening of a new office in Denver, Colorado. Snapdocs said the new office would serve as a center for a “wide variety” of roles, with an emphasis on engineering and operations.

F-Prime Capital led this latest raise, with participation from Sequoia Capital. (Among previous backers are Y Combinator and SV Angel.) The series B brings Snapdocs’ total raised to around $45 million, following a $15 million

Read More

Intelligent search platform Coveo raises $227 million at a valuation of over $1 billion

Coveo, an enterprise software-as-a-service (SaaS) platform that meshes unified search, analytics, and machine learning to unlock insights contained within big data for businesses, has raised $227 million in a round of funding led by Omers, with participation from Evergreen Coast Capital, FSTQ, and IQ, among others.

The company didn’t reveal its current valuation, except to say it’s now a “unicorn” (valued at over $1 billion), so the figure is likely at least 3 times more than its $370 million valuation last year. Moreover, Coveo revealed that Omers and other existing shareholders now own 15.5% of the company.

Founded

Read More

How Microsoft, Amazon, & Airbnb avoid product experimentation pitfalls (VB Live)

Presented by Optimizely


Experimentation is an incredibly powerful technique — but there’s some common techniques developers make when they’re testing. Learn how to make the most of your A/B testing, choose the right metrics, avoid the biggest testing pitfalls and more when you join this VB Live event!

Register for free here!


Every year, Netflix runs hundreds of experiments; Excitable Airbnb runs over five hundred a month, and Jeff Bezos says that Amazon’s success comes from the number of tests his teams runs not just yearly or monthly, but daily. Having a culture of experimentation is a competitive differentiator.

Read More

Microsoft debuts Azure Synapse Analytics, updates database offerings

Workflow automation was a predictable focus as Microsoft Ignite kicked off in Orlando, Florida this morning. To this end, the company took the wraps off new cloud-hosted AI, data analytics, and managed database services in preview and announced updates to existing offerings like Azure SQL Database Edge.

Azure Synapse Analytics

Perhaps the headliner is Azure Synapse Analytics, a service now in preview that leverages on-demand or provisioned resources to ingest, prepare, manage, and serve data for business intelligence and AI apps. It’s the evolution of Azure SQL Data Warehouse and pulls together insights from data warehouses and big data analytics

Read More

AI Weekly: Samsung comes to terms with Bixby’s second-class status

Samsung’s Bixby assistant won’t be the reason you buy (or don’t buy) your next Samsung-manufactured smartphone, smart refrigerator, smart router, or smart speaker. And Samsung is finally coming to terms with that.

This was the implicit thread underlying the 2019 Samsung Developer Conference (SDC), which kicked off in earnest on Tuesday at the San Jose Convention Center. Unlike last year, when Samsung announced new languages for Bixby (German, French, Italian, and Spanish), plus Bixby Marketplace for third-party voice apps, this year’s enhancements were on the whole understated.

Bixby Templates and Bixby Views make it easier for developers to create

Read More

Apple reports record Q4 2019 revenue of $64 billion, aided by services

While Apple’s fiscal 2019 will be remembered as a year of ups and downs, growth of the company’s subscription services last quarter helped reverse serious holiday season and second quarter shortfalls. Today, Apple announced its fourth quarter 2019 results, top-lined by revenues of $64 billion, slightly higher than the year-ago quarter: Services revenue grew sharply, while earnings from both iPhones and Macs fell somewhat below last year’s levels.

In July, Apple told analysts to expect fourth quarter revenues in the $61 to $64 billion range, with a gross margin between 37.5% and 38.5%. Ahead of the announcement, analysts expected sales

Read More

MIT CSAIL’s swarm of robotic cubes can shapeshift at will

Collaborative robots have captured the public’s imagination for decades, and it’s no wonder — machines can achieve incredible feats by working together as a team. One need look no further for evidence than a new study from the MIT’s Computer Science and Artificial Intelligence Lab (CSAIL), which was supported in part by the National Science Foundation and Amazon’s robotics division. Building on a project that kicked off six years ago, researchers developed self-assembling cubes capable of climbing over and around one another, leaping through the air, and rolling across the ground.

It’s not the first time a team at MIT

Read More

Particle raises $40 million for IoT device management and developer tools

San Francisco-based Particle, which develops what it claims is one of the world’s most popular internet of things (IoT) platforms, today announced that it’s raised $40 million in a series C funding round led by Qualcomm Ventures and Energy Impact Partners. The tranche, which saw participation from Root Ventures, Bonfire Ventures, Industry Ventures, Spark Capital, Green D Ventures, Counterpart Ventures, and SOSV and which follows on the heels of a $20 million series B round in July 2017, brings the company’s total capital haul to over $81.3 million.

The capital infusion comes after a year in which revenue grew

Read More