May 27 – 5 Key Stories From The Digital World

By May 26, 2019 Insight

1. You Don’t Have to Move Your Startup To Silicon Valley, Here’s Why

  • Last year, Utah startups banked more than $700 million with multiple IPOs and exits
  • Colorado pulled in $1.9 billion in venture capital during the same period, and startups in Texas picked up $800 million in Q1 alone
  • Texas, Utah, and Colorado are home to huge universities with highly technical talent

2. The era of exponential improvement in healthcare?

  • technology-enabled use cases that could create between $350 billion and $410 billion in annual value by 2025 (out of the $5.34 trillion in healthcare spending projected for that year)
  • nine emerging technologies: connected and cognitive devices, electroceuticals, targeted and personalized medicine, robotics, 3D printing, big data and analytics, artificial intelligence, blockchain, and robotic process automation
  • most significant change could be the creation of intuitive and personalized ecosystems of care centered around patients and their families

3. SpaceX reveals more Starlink info after launch of first 60 satellites

  • heaviest payload ever, weighed down by 60 communications satellites that will eventually be part of a single constellation providing internet to the globe
  • Thousands of satellites will move along their orbits simultaneously, each beaming internet to and from the surface in a given area
  • Starlink will have to prove these things work as planned, and then send up several hundred more before it can offer even the most rudimentary service

4. On The Rise: Virtual Luxury Goods

  • virtual goods are non-physical objects that are created, sold, and used across online communities and games
  • Dutch startup The Fabricant sold a blockchain-based digital garment for $9,500
  • Virtual items sold in video games is a market worth around $50B, and is expected to grow by over 6% annually over the coming years

5. AT&T Now Accepts BitPay

  • AT&T becomes the first major U.S. mobile carrier to provide a cryptocurrency payment option to customers
  • “We have customers who use cryptocurrency, and we are happy we can offer them a way to pay their bills with the method they prefer.”
  • Customers will be able to select BitPay as a payment option when they log on to their accounts online or with the myAT&T app