“Imagine a couple of caffeine-addled biochemistry majors late at night in their dorm kitchen cooking up a new medicine that proves remarkably effective at soothing colds but inadvertently causes permanent behavioral changes.” | learn more
Before that, they were using a team of 10 human route planners. Interestingly, no jobs were lost during the transition. | learn more
“In a June 22 interview at the firm’s Manhattan headquarters, CEO Jon Stein revealed that Betterment has crossed the $18 billion mark for assets under management and retail is now funding his firm’s growth.” | learn more
I thought I knew how the fintech startups of decades-past (the discount brokerages) made their money. It turns out I didn’t know. Now I’m better informed, and it feels great! This is also good background to have before reading the Betterment […]
From VC Tom Tunguz. One spoiler: AI is still 🔥🔥🔥. “The answer has changed quite a bit over the last 8 years. Some sectors have hit their apogee and are declining. Others have grown by more than 3x. Yet others […]
This is a very data-driven analysis worth skimming at least. “The overall returns from public SaaS companies have been remarkable — the average SaaS company has returned almost 5x from their IPO price. For context, most venture capital funds strive […]
“Using real-time payments data and a risk-management system that analyzes more than 3,000 variables, [Alibaba founder Jack] Ma’s four-year-old MYbank has lent 2 trillion yuan ($290 billion) to nearly 16 million small companies. Borrowers apply with a few taps on […]
“Businesses aren’t the only ones feeling the pressure from technological innovation — the CEOs are feeling it too. Here are 14 executives who paid the price for their innovation failures.” | learn more
This deck from MMC Ventures provides interesting updates and data about global AI adoption across geographies and industries. | learn more