Internet / World Wide Web
Amazon’s Jeff Bezos invests in UK digital freight forwarder Beacon
(Reuters) – Amazon.com Inc Chief Executive Jeff Bezos has picked British startup Beacon, a digital freight forwarder, for his latest investment. Beacon said on Sunday it raised over $15 million in Series A fundraising, from investors including Bezos and venture capital firm 8VC. The startup, formed by two former Uber Technologies Inc executives two years …
Student lender SoFi to acquire Galileo Financial Technologies for $1.2 billion
NEW YORK (Reuters) – Online student lender Social Finance Inc has agreed to acquire payments technology provider Galileo Financial Technologies for $1.2 billion in cash and stock, the companies said on Tuesday. Galileo’s platform provides technology to allow companies to easily offer a range of financial services to consumers and businesses, including checking and savings …
Markets regulators struggling to keep up with technology: SEC’s Jackson
RISHON LEZION, Israel (Reuters) – The rapid growth of digital assets and computer-driven investment advice has become a key challenge for regulators in trying to keep up with technological advances while seeking to protect investors, a U.S. markets regulator said on Monday. FILE PHOTO: Commissioner Robert Jackson Jr. participates in a U.S Securities and Exchange …
Salesforce to use Amazon AI technology to improve call center services
The company logo for Salesforce.com, Inc. is displayed on a screen on on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 7, 2019. REUTERS/Brendan McDermid (Reuters) – Business software provider Salesforce.com Inc said on Tuesday it would use artificial intelligence (AI) technology from Amazon.com Inc’s cloud computing unit to …
Avaya dials up RingCentral for cloud technology after suitor search
(Reuters) – After months of evaluating sale and merger options, telecommunications gear provider Avaya Holdings Corp on Thursday announced a strategic partnership and $500 million contribution from RingCentral Inc. Avaya long made hardware systems that sit inside of businesses to provide unified phone and video conferencing services, as well as gear for call centers. The …
U.S. online privacy rules unlikely this year, hurting big tech
WASHINGTON (Reuters) – A U.S. online privacy bill is not likely to come before Congress this year, three sources said, as lawmakers disagree over issues like whether the bill should preempt state rules, forcing companies to deal with much stricter legislation in California that goes into effect on Jan. 1. The logo of Amazon is …