Category: TC
Clearview said its facial recognition app was only for law enforcement as it courted private companies
After claiming that it would only sell its controversial facial recognition software to law enforcement agencies, a new report suggests that Clearview AI is less than discerning about its client base. According to Buzzfeed News, the small, secretive company looks to have shopped its technology far and wide. While Clearview…
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Latin America roundup: Softbank adds $1B, Stori raises $10M and Grow Mobility puts on the brakes
After investing nearly $2 billion of its Innovation Fund in Latin America in 2019, Softbank announced this month that it would add an additional $1 billion into the fund to continue supporting tech startups across the region. While the Japanese investor faces the challenge of raising a second global fund after its…
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Senate passes ‘rip and replace’ bill to remove old Huawei and ZTE equipment from networks
The U.S. Senate today voted unanimously to pass the Secure and Trusted Telecommunications Networks Act. Written as a response to recent concerns around Chinese hardware manufacturers, the bill would ban purchase of telecom equipment from embattled Chinese manufactures like Huawei and ZTE. H.R. 4998, which passed the House last December,…
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Fear and liability in algorithmic hiring
It would be a foolish U.S. business that tried to sell chlorine-washed chicken in Europe — a region where very different food standards apply. But in the high-tech world of algorithmically assisted hiring, it’s a different story. A number of startups are selling data-driven tech tools designed to comply with…
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The Dow Jones drops nearly 1200 points as coronavirus fears batter stock markets
The Dow Jones Industrial Average dropped nearly 1200 points today to close at 25,766.64, marking the single worst week for the index since 2011. The Nasdaq stock market fell over 400 points. Behind the collapse was a growing realization that COVID-19, the coronavirus strain sweeping across the globe, has indeed landed…
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SaaS earnings bump Dropbox, Box and Sprout Social
A quick hit as we have a podcast to record, but a few public companies in the broader SaaS market reported earnings in the past week. Their results are worth unpacking as they paint a good picture of what the markets are hunting for in modern software companies. Of course,…
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