November 29 – 5 Key Stories From The Digital World

By November 29, 2019 Insight

1. Latin America roundup: Neobanks raise $205M+; Softbank backs VTEX

  • neobanks are gaining traction across the region to provide banking services to the 50% of Latin America’s population that is still excluded from traditional financial institutions
  • Mexico is Latin America’s second-largest market after Brazil for many US tech companies like Uber and Facebook
  • status quo for the traditional players in Latin America is rapidly changing, potentially leaving room for startups to take over more market share and compete for disgruntled customers

2. 16 Sales Contract Clauses to Balance Risk and Reward

  • many founders and startups make the mistake of being overly accommodating during initial contract negotiations
  • best approach, however, to writing a sales contract is to think of it as a system of interconnected components and levers that work together
  • Be open to negotiating everything as long as it’s within the acceptable boundaries…customer’s got to give to get

3.  AI In Healthcare Q3’19 Funding Breaks Records

  • Companies in the space raised almost $1.6B across 103 financing rounds in the third quarter
  • Leading the way for the quarter was Babylon Health, which raised a $550M mega-round from investors…developed several AI-based health services, including a chatbot
  • The quarter also saw 2 large rounds that went to companies focusing on anti-aging therapeutics

4. Alibaba Cloud publishes machine learning algorithm on GitHub

  • published “core codes” of its Alink platform on GitHub, uploading a rang of algorithm libraries that it says support batch and stream processing
  • essential to support machine learning tasks such as online product recommendations and smart customer services
  • developers and data analysts could tap the codes to build software functions such as statistics analysis, machine learning, real-time prediction, personalised recommendation, and detection of anomalies

5. Sesame Street, AR and breathing brands: Six highlights from Adobe MAX

  • Adobe’s CEO Shantanu Narayen said that we are living through “a Golden Age of creativity” and that “creativity today is a fundamental skill”
  • this month saw the official launch of Adobe Aero, the simple-to-use yet incredibly powerful tool for building augmented-reality (AR) experiences
  • Sneaks offered a glimpse behind the curtain to see what could be on the horizon in the world of creative technology in the coming years