Category: Technology & Digitalization

Capture investment opportunities created by megatrends

Deepfakes threaten to inflate the ‘liar’s dividend’

Artificial intelligence updates Sign up to myFT Daily Digest to be the first to know about Artificial intelligence news. When Werner Herzog filmed his documentary on Russian mysticism Bells From The Deep, he paid two Siberian drunks to lie on the ice on a lake and pretend to be pilgrims listening out for the chimes…
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29 July 2021 0

XBRL News about trends and Nigeria

Here is our pick of the 3 most important XBRL news stories from the last week.  1  Major European trends for reporting Whether it’s the upcoming mandatory ESG disclosures or increased scrutiny reflected in data granularity, the road leading up to 2022 (and beyond) is a challenging one. In a financial world that is so…
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29 July 2021 0

China’s misguided crackdown on business

Chinese business & finance updates Sign up to myFT Daily Digest to be the first to know about Chinese business & finance news. A list of Chinese technology companies that have fallen foul of regulators would look almost identical to a list of tech success stories. Ant Group, the payments company spun out of ecommerce…
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29 July 2021 0

Coralogix logs $55M for its new take on production analytics, now valued at $300-$400M

Data may be the new oil, but it’s only valuable if you make good use of it. Today, a startup that has built a new kind of production analytics platform for developers, security engineers and data scientists to track and better understand how data is moving around their networks is announcing a round of funding…
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29 July 2021 0

Catastrophe Models Are More Accessible, Insightful and Prevalent Than Ever

Five years ago, catastrophe(CAT) modelling was relatively unknown. Today, CAT modelling for hurricanes and earthquakes is fast becoming the norm in property underwriting, for catastrophes that can obliterate otherwise stable businesses. Commercially viable CAT models started emerging only in the last quarter century. Earlier, rudimentary methods were employed to estimate catastrophic losses as historical loss…
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29 July 2021 0

Music labels split over Spotify’s push to promote songs for lower royalties

The Josh Abbott Band, formed by a group of fraternity brothers in Lubbock, Texas, has spent the last decade touring the dusty plains of the region and finding success with twangy songs about cotton farms, God and romance.  Concerts have earned them enough to make a living even as the music industry transitioned to subscription…
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29 July 2021 0

Japanese sneaker platform SODA raises $56.4M, accquires rival Monokabu

Just half a year after leading SODA’s Series B, SoftBank Ventures Asia is raising its bet on the Tokyo-based sneaker resell platform. The early-stage venture capital arm of SoftBank Group announced today it has returned to lead SODA’s Series C, which currently totals $56.4 million. Other investors include South Korean sneaker reselling platform KREAM (another…
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29 July 2021 0

Ford F-150 Lightning electric pickup reservations surpass 120,000

Ford and its F-150 pickup, the automaker’s best-selling vehicle, have consistently inspired brand loyalty from pickup truck owners. According to the J.D. Power 2020 U.S. Automotive Brand Loyalty Study, Ford has a 54.3% loyalty rate. Now as the automaker moves to electrify its fleet, it seems to be bringing in fresh buyers. Ford released Wednesday…
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28 July 2021 0

Facebook warns of ‘significant’ slowdown in revenue growth

Facebook Inc updates Sign up to myFT Daily Digest to be the first to know about Facebook Inc news. Facebook warned that the pace of its revenue growth would “decelerate significantly” in forthcoming quarters, sending its shares down in after-hours trading. The warning from the social network came as it posted bumper revenues and profits…
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28 July 2021 0

Google to require Covid vaccines for workers returning to the office

Alphabet Inc updates Sign up to myFT Daily Digest to be the first to know about Alphabet Inc news. Google has become the first big US tech company to require its workers to be vaccinated before they return to work on one of its campuses. Sundar Pichai, chief executive, said that the policy would start…
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28 July 2021 0