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Small Business Is The Next Huge Thing, As Faire Reaches $7 Billion Valuation

4 days ago   |   By Forbes

Online marketplace Faire bet on independent retailers, and investors are backing them in a big way, with a $260 million funding round.
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The CEO of $38 billion UIPath says the company's next big thing is automating the world of high finance with 'semantic AI'

The CEO of $38 billion UIPath says the company's next big thing is automating the world of high finance with 'semantic AI'

5 days ago   |   By Business Insider

Summary List Placement Moments before he gave the first post-IPO earnings call for his $38 billion automation company, UIPath CEO Daniel Dines told Insider what he thinks the next big thing in artificial intelligence will be: Quickly translating raw data into "information people understand."
That use of what is known as semantic AI could revolutionize the financial world, experts say, and Dines wants his company to lead that revolution.
"Our vision is bringing more and more semantic automation into the picture," Dines said in a call on Tuesday. "We believe this will unlock tremendous...
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June 15th COVID-19 New Cases, Vaccinations, Hospitalizations

June 15th COVID-19 New Cases, Vaccinations, Hospitalizations

This data is from the CDC . According to the CDC, on Vaccinations . Total doses administered: 311,886,674, as of yesterday 310,645,827. Daily: 1.24 million. COVID Metrics... Read more ...

Goldman Sachs says it is seeing a "superbloom" of M&A activity as...

Goldman Sachs says it is seeing a "superbloom" of M&A activity as corporations rethink their businesses after the pandemic

Summary List Placement Goldman Sachs' global head of M&A structuring, David Dubner, said in a " Daily Check-In " interview on Monday that he is seeing a "Superbloom" of mergers... Read more ...

Retail Sales and Producer Prices

Retail Sales and Producer Prices

The stock market closed at yet another all-time high yesterday. It's mostly flat so far today. There hasn't been much volatility of late. This morning's retail sales report... Read more ...

Hedge funds expect to hold $310 billion in cryptocurrencies within 5 years...

Hedge funds expect to hold $310 billion in cryptocurrencies within 5 years - more than 7% of their assets

Summary List Placement Hedge fund bosses are planning to ramp up their holdings of cryptocurrencies, predicting that an average of 7.2% of their assets under management will be... Read more ...

NAHB: Builder Confidence Declined to 81 in May

NAHB: Builder Confidence Declined to 81 in May

The National Association of Home Builders reported the housing market index was at 81, down from 83 in April. Any number above 50 indicates that more builders view sales... Read more ...

Ethereum saw record outflows last week, as investors pulled $13 million from...

Ethereum saw record outflows last week, as investors pulled $13 million from the second largest cryptocurrency

Summary List Placement Ethereum products were hit with outflows of $12.7 million in early June, the biggest decline on record as institutional investors were working out their... Read more ...

Industrial Production Increased 0.8 Percent in May

Industrial Production Increased 0.8 Percent in May

From the Fed: Industrial Production and Capacity Utilization Total industrial production increased 0.8 percent in May. Manufacturing production advanced 0.9 percent... Read more ...

Bitcoin mania is making investors ignore other assets that have far more...

Bitcoin mania is making investors ignore other assets that have far more upside potential, an investment chief says

Summary List Placement Investment adviser Rich Bernstein said in a CNBC interview Monday that bitcoin is a bubble, and crypto mania is making investors ignore other asset... Read more ...

Early investments in observability begin to pay off, Splunk says

Early investments in observability begin to pay off, Splunk says

Survey of organizations finds return on investments in observability platforms starts to pat off for early adopters. Read more ...

Retail Sales Decreased 1.3% in May

Retail Sales Decreased 1.3% in May

On a monthly basis, retail sales were decreased 1.3% from April to May , and sales were up 28.1 percent from May 2020. From the Census Bureau report : Advance estimates of U.S... Read more ...