Sometimes You Don't Need Deep Learning: Eye On A.i.
Ibrahim Gokcen, the digital chief technology officer for industrial giant Schneider Electric, has some words of caution about deep learning—the latest craze in artificial intelligence. Sometimes, conventional data crunching works just fine. All of the technology sold by Schneider that warns corporate customers when their industrial equipment may fail uses basic analytics or statistical analysis to make predictions. Although the software incorporates machine learning, it doesn't use deep learning, a technology that has led to breakthroughs in image and language translation.
Tala, A Company That Offers Loans For As Little As $10, Just Raised $110M
On Wednesdsay, Tala, a Santa Monica-based provider of micro-loans to individuals in the emerging markets, announced a $110 million Series D raise led by RPS Ventures-- a firm backed by SoftBank Group, Yahoo! co-founder Jerry Yang, and Alibaba co-founder Joseph Tsai's Blue Pool Capital. On the back of a business that offers loans between $10 to $500, the eight-year old company has reached a valuation in the $700 million range, according to a person close to the funding.
Oncorus Raises $79.5M Series B Funding
CAMBRIDGE, MA, Oncorus today announced the completion of an oversubscribed $79.5 million Series B financing.
Thredup, Whose Second-hand Goods Will Start Appearing At Macy's And Jcpenney, Just Raised A Bundle - Techcrunch
ThredUp, the 10-year-old fashion resale marketplace, has a lot of big news to boast about lately. For starters, the company just closed on $100 million in fresh funding from an investor syndicate that includes Park West Asset Management, Irving Investors and earlier backers Goldman Sachs Investment Partners, Upfront Ventures, Highland Capital Partners and Redpoint Ventures. [...]
Prince Andrew's Links To Jeffrey Epstein - Bbc News
Jeffrey Epstein's death in a New York prison cell this month has seen attention turn to some of the US financier's high-profile connections, including Prince Andrew. The relationship between the 59-year-old member of the Royal Family and Epstein, who killed himself while awaiting trial on sex trafficking charges, has come under close scrutiny. Epstein, 66, a wealthy hedge fund manager, is widely reported to have been first introduced to the Duke of York in the 1990s.
Paypal-backed Fintech Startup Tala Raises $110M To Fuel India Expansion
Over the last year, the company has also raised an additional $100 million in debt, including a $50 million facility led by Colchis. The post PayPal-backed fintech startup Tala raises $110m to fuel India expansion appeared first on DealStreetAsia.
Sec Charges Broker-dealer And Ceo With Supervision Failures Related To Hedge Fund Valuation Scheme
The Securities and Exchange Commission yesterday charged New York-based broker-dealer AOC Securities LLC, and its former chief executive officer, Ronaldo Gonzalez, with failing to supervise an AOC broker who provided inflated price quotes for certain securities to a significant customer of AOC. According to the SEC's orders, Frank Dinucci Jr., a broker at AOC, provided inflated price quotes to a New York-based investment adviser, Premium Point Investments LP. The orders find that PPI traders dictated to Dinucci the prices at which he should value certain mortgage-backed securities in PPI funds' portfolios.
Brookfield, Piramal Capital Look To Cash In On Buyout Opportunities In Nbfc | Business Standard News
KKR was also in talks to acquire majority stake in Aadhar Housing Finance, a unit of Wadhawan Global Capital. : Investors such as Canada's Brookfield Asset Management and Mumbai-based Piramal Capital & Housing Finance are looking to buy out stressed assets and portfolios of private equity (PE) funds and non-banking financial companies (NBFCs). Sectors such as real estate and NBFCs are going through a bad fund crunch. Brookfield has largely invested in infrastructure and real estate in India.
Key Deals Last Week: Nexus India Capital, Sabre Capital India And More | Business Standard News
There were 16 PE deals worth $297.87 million. : 1. Includes India Quotient Fund II, Shunwei Capital Partners, Lightspeed India Partners I LLC, Morningside Venture Capital, Twitter Communications India, Trustbridge Partners 2. Includes Wells Fargo and Company, Nvidia Corp, Goldman Sachs (Principal Investments), China Ping An Insurance Overseas Holdings 3. Includes Qiming Venture Partners, Rakuten Capital, Mirae Asset-Naver Asia Growth Fund, Asia Partners Fund Management 4. Includes One 97 Communications 5.
Venture Capitalists Are Having A Hot Deal Summer: Term Sheet
The summer of mega-deals continues -- there's three $100M+ funding rounds today. (Guessing at this point, no one's going on vacation?) Today's edition features Tala, a Santa Monica-based provider of micro-loans to individuals in the emerging markets. The company raised $110 million in Series D funding. RPS Ventures led the round, and was joined by investors including GGV Capital, IVP, Revolution Growth, Lowercase Capital, Data Collective VC, ThomVest Ventures, and PayPal Ventures. The deal values the company in the $700 million range, according to a person close to the funding.
Ams Clear To Make Takeover Bid For Osram In Potential Bidding War
By Jorn Poltz MUNICH (Reuters) - Austrian sensor maker AMS will go ahead with a takeover bid for Osram that values the German lighting group at 4.3 billion euros ($4.8 billion), it said on Wednesday, setting the stage for a potential bidding war. Osram said it had waived an agreement that so far has prevented AMS from making a bid to rival that of private equity investors Bain Capital and Carlyle , confirming an earlier Reuters story that had pushed Osram shares to a five-month high.