May 15 – 5 Key Stories From The Digital World

By May 15, 2019 Insight

1. Overwatch League shows esports marketing works

  • livestreaming platform Twitch paid $90 million for the rights to the Overwatch League
  • Activision Blizzard, creator of Overwatch, beat its revenue forecast for Q1 2019, in part because of its esports initiatives
  • combine fan spend, media rights, and sponsorships, the esports market is now worth an estimated $922 million

2. What’s Hot In Insurance Tech In 2019?

  • The business backbone, the core systems, burden digital transformation strategies
  • Insurers spend about two-thirds of finite tech budgets on these run-the-business systems
  • Tech leaders need to demonstrate business value of these maintenance and ops investments

3. Eye on A.I.— Why Hardware Is So Important to A.I.’s Future

  • Using artificial intelligence isn’t just about software
  • Companies are quickly realizing that the hardware it runs on and is trained on is also critical
  • Using A.I. isn’t as simple as feeding numbers into fancy software and waiting for a result that will lead to lots of profits

4. A Quick Look At The EV VC Market

  • So far in 2019, there have been 27 rounds raised by EV companies, accounting for approximately $2.1 billion in known funding
  • Earlier this year, Ford tied up with Rivian to the tune of $500 million…working on new batteries for Ford’s own electric car work
  • Uber’s Advanced Technology Group picked up a billion, and Cruise, part of the GM empire raised $1.15 billion as well

5. TD Ameritrade Exec: Tens of Thousands of Our Clients Are Interested in Crypto

  • attendance has been “off the charts” at the bitcoin education events facilitated by the company
  • this intense interest isn’t just from millennials, but older retail investors too
  • found that investment advisors (RIAs) are equally interested in bitcoin futures as the company’s ‘pure retail’ clients