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Finance News 

The Internet of Everything — $12.6 trillion ROI expected over the next decade [SLIDE DECK]

It all started on our PC’s. Now, single function items are becoming interfaces connected to the Internet and offering us capabilities above and beyond their original intended purpose. The phone goes way beyond making calls, the watch goes way beyond telling time, the car goes way beyond getting us from place to place, etc. Our businesses and governments are becoming more efficient by investing in the IoT revolution. Industries like oil, manufacturing, agriculture, medicine, insurance, retail, and utilities are all actively innovating with IoT installs. Governments are improving the quality…

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Former Facebook exec Chamath Palihapitiya: Uber is ‘the great American tragedy playing out’

Over the course of 2017, Uber went from one of the most admired companies in Silicon Valley to one of the most vilified. Many executive heads have rolled including former CEO Travis Kalanick. But investors also have responsibility in how a company is run, one famous VC and former Facebook exec argues. He applauds Uber’s biggest VC, Benchmark, for the drastic steps it took this year.  The wave of scandal and controversy that washed over Uber this year has been nothing short of spectacular. But the sad truth is, almost any…

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A Hungarian startup thinks it has the key to cheaper self-driving cars — but a ride in its test car suggests it has a lot of work ahead (GOOGL, GM)

AImotive is developing self-driving car technology that relies on inexpensive cameras, rather than a pricey Lidar system. The company recently began testing a car equipped with its technology in Silicon Valley. I got a test ride, and it was an unnerving experience. MOUNTAIN VIEW, Calif. — Covering the development of self-driving cars has offered some unique experiences. I’ve ridden in a car with no one in the driver’s seat. I’ve ridden in one that had the driver’s seat turned around so that it faced the backseat. And I’ve ridden in…

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Storify, once a hot tool among journalists looking to tell stories using social media posts, is shutting down

Digital curation tool Stoirfy is shutting down. The service will no longer be available after May 16, 2018. Storify became a go-to tool for journalists when it launched in 2011, allowing them to combine the best of user-generated content on the internet with reporting in dynamic, embeddable formats.  Storify, the digital tool that lets users string together stories and timelines using social media platforms such as Facebook and Twitter, is shutting down.  According to the FAQ page on Storify’s website, the service will no longer be available after May 16, 2018. After…

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Microsoft’s Julie Larsen-Green is joining $2.5 billion startup Qualtrics (MSFT)

Julie Larson-Green left Microsoft in November after a 25-year career there that spanned working on everything from Windows to Microsoft Office to Surface devices and has landed at Qualtrics. Larson-Green is taking on the role of Chief Experience Officer for Qualtrics, a startup valued at $2.5 billion. There was a bit of serendipity to how she met Qualtrics’ CEO Ryan Smith. Former Microsoft engineering star Julie Larson-Green just landed at cloud software startup Qualtrics. Larson-Green had been with Microsoft for 25-years most recently in the role of Chief Experience Officer (CXO). She…

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Lyft is adding a benefit offered by Chipotle and Taco Bell to give its drivers discounts on classes

Lyft is adding Guild Education as a benefit to its drivers in the US, the company announced Monday. Drivers have access to a free education mentor, and can access online classes from a variety of universities and schools at a discounted rate. It’s a unique employee benefit in the gig-economy, where contract workers drive on their own time but lose out on common full-time benefits like matched retirement funds and subsidized healthcare.   Lyft is adding educational discounts and mentorship as a benefit for its contracted drivers through a partnership…

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This top VC is investing in startups without ever meeting them — with amazing results

Chamath Palihapitiya is trying to blow up the old-school, biased venture capital industry in every way he can think of. In the past few months he announced two new plans. One is a potentially industry-changing method of investing in startups all over the world, sight unseen. The other is a different way to fund bigger startups that’s like an instant IPO.  Chamath Palihapitiya is living an epic life. He’s a true rags-to-riches Silicon Valley success story. And he’s got a plan to bring that same sort of success to millions…

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