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Daily Precap - Thursday 5th July 2018
Daily Precap - Thursday 5th July 2018
Hey I’m Domm, it’s Thursday 5th July 2018, and this is your daily precap of everything technology, startups, and business from Australia and beyond.You can now buy stock in 3,000 US companies right from your iPhone, thanks to a Sydney based start-ups new app called Stake. The company does not charge any brokerage fees and just makes a small margin on currency exchange. However, Android users aren't so lucky, with the app currently only available on the Apple App store.
Car sharing Startup Car Next Door, - Shark Tank June last year - raised a further $2M led by Hyundai Motor company
Caltex
Hollard Insurance
Shark Tank Judge and Qld Chief Entrepreneur Steve Baxter
UrbanYou the two sided marketplace for hiring service people lioke cleaners, gardeners snapped up by rival company OneFlare. Neither party has disclosed the deal terms but we can presume someone is cracking open the champagne.
Ubers newest competitor in Australia, Ola, the Indian ridesharing giant has a new Australian managing director, with ex eBay Australia boss, and ex serv-corp vp Simon Smith now in charge.
Over in the US, 4th of July celebrations have gone high tech with Intel replacing fireworks in an aerial demonstration with 500 drones lighting up the sky in synchronization. What a sight.
Baidu, the Chinese search giant, has just made its 100th driverless bus. Quite a feat, considering in Australia, we can’t even seem to order trains that fit our tracks.Chinese E-commerce giant Alibaba says that its copywriting tool has now beaten the Turing test. Turing test is basically a test of questions designed to be answered by a machine or computer, to determine if it can answer like a human, meaning it has achieved artificial intelligence.
The copywriting tool is used to generate product descriptions for the millions of products on the Alibaba family of websites, and it can produce a whopping 20,000 lines of copy per second. So, yes be very afraid that we are about to be invaded by an army of Chinese robots.
Paypal has sold its consumer credit portfolio for a cool $7 Bn. Which could be good news for our startup darling Afterpay, as it will likely delay or permanently delay any plans for Paypal to launch its Paypal credit product locally.If you have any tips, news or announcements about entrepreneurs, startups, technology or business in or around Australia, hit me up on Twitter at @dommholland or Insta @domm.
That was your daily precap, I am Domm and I will be back with you tomorrow!
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Daily Precap - Thursday 5th July 2018
Hey I’m Domm, it’s Thursday 5th July 2018, and this is your daily precap of everything technology, startups, and business from Australia and beyond.You can now buy stock in 3,000 US companies right from your iPhone, thanks to a Sydney based start-ups new app called Stake. The company does not charge any brokerage fees and just makes a small margin on currency exchange. However, Android users aren't so lucky, with the app currently only available on the Apple App store.
Car sharing Startup Car Next Door, - Shark Tank June last year - raised a further $2M led by Hyundai Motor company
Caltex
Hollard Insurance
Shark Tank Judge and Qld Chief Entrepreneur Steve Baxter
UrbanYou the two sided marketplace for hiring service people lioke cleaners, gardeners snapped up by rival company OneFlare. Neither party has disclosed the deal terms but we can presume someone is cracking open the champagne.
Ubers newest competitor in Australia, Ola, the Indian ridesharing giant has a new Australian managing director, with ex eBay Australia boss, and ex serv-corp vp Simon Smith now in charge.
Over in the US, 4th of July celebrations have gone high tech with Intel replacing fireworks in an aerial demonstration with 500 drones lighting up the sky in synchronization. What a sight.
Baidu, the Chinese search giant, has just made its 100th driverless bus. Quite a feat, considering in Australia, we can’t even seem to order trains that fit our tracks.Chinese E-commerce giant Alibaba says that its copywriting tool has now beaten the Turing test. Turing test is basically a test of questions designed to be answered by a machine or computer, to determine if it can answer like a human, meaning it has achieved artificial intelligence.
The copywriting tool is used to generate product descriptions for the millions of products on the Alibaba family of websites, and it can produce a whopping 20,000 lines of copy per second. So, yes be very afraid that we are about to be invaded by an army of Chinese robots.
Paypal has sold its consumer credit portfolio for a cool $7 Bn. Which could be good news for our startup darling Afterpay, as it will likely delay or permanently delay any plans for Paypal to launch its Paypal credit product locally.If you have any tips, news or announcements about entrepreneurs, startups, technology or business in or around Australia, hit me up on Twitter at @dommholland or Insta @domm.
That was your daily precap, I am Domm and I will be back with you tomorrow!