October 23 – 5 Key Stories From The Digital World

By October 22, 2019 Insight

1. The present and future of food tech investment opportunity

  • World Bank estimates that food and agriculture comprise about 10% of the global GDP
  • record $1.71 trillion was spent on food and beverages in 2018
  • Last year…for food tech, with a record-breaking $16.9 billion in funding recorded

2. Microsoft lands another healthcare partnership

  • gives Humana access to Microsoft’s cloud and artificial intelligence resources
  • Microsoft partnered with Novartis on an AI-powered drug discovery effort
  • Azure API for FHIR…healthcare organizations to manage patient data in the cloud

3.  Elon Musk successfully tweeted using a Starlink satellite for the first time

  • network will eventually provide fast and cheap internet access across the globe
  • planned to launch a total of 12,000 satellites…recently asked permission to deploy an additional 30,000 satellites
  • In May, SpaceX launched its first fleet of 60 micro-satellites into orbit

4. Japan’s Third Largest Bank Completes Blockchain Trade Finance Test

  • begin utilizing R3’s Marco Polo trade finance blockchain on a commercial basis by the end of the year
  • cross-border proof-of-concept test was successfully completed
  • trade financing process remains to be manual and paper-based and is seen as highly inefficient

5. Snap continues to add new users

  • managed to grow its daily active user (DAU) number seven percent over the quarter prior
  • reporting that its DAUs have increased by 13 percent from the same period last year
  • grow its revenue by 50 percent from the same quarter last year, making $446 million over the previous $296 million