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Dataminr, the $4B big data startup, is laying off 20% of staff today, or 150 people, as it preps to double down on AI

TechCrunch

It’s a tough day for Dataminr, the New York-based big data unicorn last valued at $4.1 TechCrunch has learned that the company — which uses AI and big data algorithms to provide predictive insights about news and other global events, is laying off about 20% of staff today, or around 150 people.

Big Data 295
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13 go-to podcasts that inspire IT industry leaders today

CIO

In today’s ever-changing technology landscape, it’s important for IT leaders of every stripe to not only keep abreast of current events and trends affecting the industry, but also know about focus areas and challenges of their upper management peers since the tech function is increasingly viewed as a strategic business partner to the C-suite.

CTO Coach 277
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The bright side of fintech funding results

TechCrunch

Every week, I’ll take a look at the hottest fintech news of the previous week. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. CB Insights released its global State of Venture report last week, while PitchBook issued its own U.S.-focused

Fintech 252
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The unicorn funding slump is worse than you thought

TechCrunch

If you were hoping to begin the final chunk of 2022 with good news, tough. We’re starting the quarter off with rough data instead. We’re taking a look at unicorn fodder today. Unicorns eat capital and excrete value, at least in theory, a relationship that was in full swing last year.

Data 275
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Celebrate innovation: Apply now for CIO Awards Canada!

CIO

I’ve got some super exciting news to share with you. CIBC, a leading financial institution, embarked on a journey of modernizing their stable of applications and enabling new data services, resulting in enhanced business agility. Last year, we embarked on an incredible journey with the launch of the CIO Awards Canada program.

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Startups have never had it so good

TechCrunch

The wave of funding led to a quarterly record of new unicorns — startups that reach the $1 billion valuation threshold — born in the United States, Asia, Europe and Canada, according to CB Insights data reviewed by The Exchange. Startups have never had it this good when it comes to accessing private-market funds.

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Big Cabal Media, parent company of TechCabal and Zikoko, raises $2.3M seed funding

TechCrunch

But today’s news shows some promise as Big Cabal Media (BCM) — the Nigeria-based media company that houses two well-known publications, TechCabal and Zikoko — is announcing that it has raised $2.3 million in seed funding to expand its audience and build new verticals. BCM was founded by Seyi Taylor and Bankole Oluwafemi in 2013.

Media 297