Startup News roundup for Week ending 3rd December
News you can use
Facebook attempts to address fake news by nurturing digital startups in Canada – The Facebook Journalism Project recently announced that it is partnering with the DMZ university incubator and the Ryerson School of Journalism to advance innovation in journalism. They are launching the Digital News Innovation Challenge, which will provide five startups with $100,000 in non-dilutive seed funding.
Facebook to launch Digital Training, Startup Training Hubs – Facebook announced a “Community Boost,” (link) program to help US small businesses grow and to equip more people with the digital skills they need to compete in the new economy. Facebook Community Boost will visit 30 US cities in 2018, including Houston, St. Louis, Albuquerque, Des Moines and Greenville, South Carolina. Facebook will work with local organizations to provide digital skills and training for people in need of work, to advise entrepreneurs how to get started and to help existing local businesses and nonprofits get the most out of the internet.
Top 20 Companies paying the Highest salary for A.I Engineers – Across all sectors, US companies have invested $1.35 billion in AI talent in the past year. In a recently published report, consulting and data analysis firm announced results from a new study indicating that U.S. companies across all industries are investing $1.35 billion dollars in A.I. talent. The study looked at AI talent hiring trends from April 2017 through September 2017.
Judge says Trump has to let foreign start-up founders into U.S. without a visa – A federal judge ruled the Trump administration can’t delay an Obama-era immigration rule designed to admit foreign entrepreneurs into the U.S. VCs and other groups sued, and on Friday the U.S. District Court for Washington, D.C., vacated the government’s planned delay.
Corporate M&A and deals
GE Ventures unveils new blood collection startup Drawbridge Health – Drawbridge Health wants to make it easier for doctor’s offices and clinics to collect small samples of your blood for testing on site with a handheld device.The device uses proprietary technology to collect and stabilize just a few drops of blood for various tests like hormone levels, genetic testing, monitoring disease and other things patients normally have to get done at an outside lab like Quest Diagnostics or Lab Corp.Instead, the device can stay in the clinic and the proprietary Drawbridge cartridge holding your blood would be shipped out to the third-party lab for results.
Samsung picks up another AI firm to boost Bixby’s brains – Samsung’s not giving up on Bixby, despite initial lukewarm responses to its AI assistant. Bixby is the South Korean firm’s answer to other voice assistants like Apple’s Siri and Amazon’s Alexa. But when it debuted, fans found it just wasn’t as smart as the competition. To buff up Bixby’s brains, Samsung has now acquired Fluently, which makes an AI chatbot that can compose smart replies in English and Korean.
Börse Stuttgart Acquires Data Startup Sowa – Tha acquisition will boost the exchange’s data analyticsand innovation capabilities, officials say. Though Börse Stuttgart is not disclosing terms of the deal, it says in a note announcing the acquisition that a “seven-digit figure changed hands in the transaction.” Sowa was set up in 2013 as a spin-off from European Union-backed research initiative to develop data extraction and decision-support infrastructures for financial markets. Sowa pre-filters Twitter data using between 20 and 40 financial markets-related criteria, driven by algorithms based on machine learning and human expertise.
Startups that failed last week
Dropbox acquires New York startup that aimed to help publishers make money – and its service is shutting down – Dropbox has acquired Verst, a New York startup that aimed to help web publishers and creators make money through features like paywalls, the companies announced Thursday. Verst’s service will be shutting down on December 21 and the team will be joining Dropbox. The price of the sale wasn’t disclosed.