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Pakistan central bank orders fintech Tag to refund customers

TechCrunch

The State Bank of Pakistan, the South Asian nation’s central bank, has ordered fintech Tag to “immediately” refund all funds to customers citing violation of regulatory requirements and “other concerns,” posing existential questions on the startup’s future.

Fintech 225
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Sport analytics leverage AI and ML to improve the game

CIO

Working with partner Amazon Web Services (AWS), the NFL has developed Digital Athlete, a platform that uses computer vision and ML to predict which players are at the highest risk of injury based on plays and their body positions. The ITF partnered with Microsoft in 2021 to power its match insights platform for the BJK Cup.

Sport 296
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Nexite raises $67M for its new approach to tagging and tracking merchandise in physical stores

TechCrunch

Nexite , which has developed a radio-powered tagging system and corresponding data platform to read and parse information related to those tagged items, has raised $67 million in a Series C round of funding, and $100 million overall, money that it plans to use both for R&D as well as to roll out services to its first customers.

Retail 225
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How technology is enabling Melbourne Airport’s growth

CIO

The main bit that has a lot more focus is the operational technology, and that’s everything from a kiosk to print your boarding pass and a bag tag, to the auto bag drop technology, which takes your bag from the conveyor at check-in to the plane. All of that operational technology is supported by my team.”

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Computer vision startup Chooch.ai scores $20M Series A

TechCrunch

Chooch.ai , a startup that hopes to bring computer vision more broadly to companies to help them identify and tag elements at high speed, announced a $20 million Series A today. Today’s investment brings the total raised to $25.8 million, according to the company.

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Pixyle AI wants to make visual search more intuitive for online retailers

TechCrunch

Over the past three years, it has tagged more than 250 million images and says its increased conversions for its retail customers by 10% on average. Pixyle AI has helped brands that moved from brick-and-mortar stores to “phygital,” or an omnichannel strategy that blends e-commerce with physical retail points, by automating product tagging.

Retail 246
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End-to-end moving startup Updater buys on-demand moving startup Dolly

TechCrunch

In addition to its user-facing service, Dolly has also built a major business partnering with retailers directly, allowing them to tap into their mover network and coordinate same-day delivery for customers. Dolly’s retail partners include companies like Costco, Lowe’s and The Container Store.

Retail 249