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Together raises $20M to build open source generative AI models

TechCrunch

There’s scores of competition, including incumbents like OpenAI and Anthropic. Prakash previously founded social media search platform Topsy, which was acquired in 2013 by Apple, where he later became a senior director. ” He has a point — insofar as incumbents are feeling the pressure, at least.

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Argentinian fintech infrastructure startup Geopagos leaves the boot straps behind with $35M funding round

TechCrunch

Founded in 2013, the Argentinian startup serves as a white label infrastructure software provider, with the aim of giving businesses the ability to launch financial services. Geopagos , a payments infrastructure startup based in Buenos Aires, has raised $35 million in a round led by Riverwood Capital.

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So much fintech M&A

TechCrunch

Jason Furtado and Stephan Richter founded Boston-based Shoobx in 2013, according to Crunchbase. ” And this line was the classic motivation for all incumbents buying fintechs: “Why not just bring it in to our platform and get it to customers as quickly as possible?”. billion, had cut 10% of its staff.

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Disrupting Finance From Above: Wealthfront

abovethecrowd.com

First, they believe that the current offerings from the financial incumbents are lacking. This supposedly “electronic” network enables people to transfer funds from one bank account to another. In 2013 there were 967 million FPS transactions. The basis of this argument is really two fold. ACH Payments. bank transfer to happen.

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The startup hardware M&A market will be vibrant in 2013

Tomasz Tunguz

For example Belkin’s wifi-enabled plugtop “actually makes your house worse” Even the software of the market leader, Apple, is be terrible: “iTunes should die” , “iOS6 Maps is Awful” and as Bijan wrote, every one of the core iOS apps has been replaced with third party software.

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Fintech Roundup: Goldman Sachs buys another startup, Fast hits a speed bump and BaaS gets hotter

TechCrunch

Founded in 2013 (or 2014 depending on the source), the Chicago-based company has raised over $82 million in funding over its lifetime from investors such as FinTech Collective and Oak HC/FT , according to Crunchbase. It also noted that Goldman’s intent to buy NextCapital “follows several moves by multiline incumbents (e.g.

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“Customer First” Healthcare

abovethecrowd.com

In 2015, 46 percent of workers were enrolled in a plan with an annual deductible of $1,000 or more, up from 38 percent in 2013 and 22 percent in 2009. Here are a list of the new forces pushing the U.S. In fact, they are working to prove that just the opposite is possible — a system where quality care is affordable and available to everyone.

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