Hundreds of venture capitalists and high-level executives are meeting in Silicon Valley to discuss whether the current initial public offering (IPO) model is outdated and incorrect, according to Bloomberg. The meeting comes in a year when many high-profile IPOs have flopped or performed under expectations....
Beyond Pricing, a startup that helps Airbnb users manage what to charge using an algorithm that calculates numerous factors, has raised $42 million in a funding round. Beyond Pricing takes 1 percent of a booking in exchange for optimizing rates every day, TechCrunch reported. The startup...
Amazon has responded to a recent story in The Wall Street Journal which claimed the eCommerce giant has changed its algorithm to benefit its profitability, pushing its own products higher in search. “@WSJ story based on anonymous sources is wrong,” the company tweeted on Monday...
Amazon has changed its algorithm to benefit its profitability, pushing its own products higher in search, The Wall Street Journal reported on Monday (Sept. 16). People related to the project told the WSJ that Amazon “optimized the secret algorithm” in its search results to feature...
January 31, 2019
Artificial intelligence is making the leap from the imagination of sci-fi authors and computer scientists into consumer and corporate life. But even as the theories become reality, the general idea about AI — the lens through which the technology is viewed — often carries with it misconceptions and faulty assumptions that, over time, could impede […]
November 21, 2018
It’s the age of algorithms, but not all algorithms are the same — and not all of them constitute true AI. A new PYMNTS report finds that FIs have adopted...
November 21, 2019
David Solomon, the CEO of Goldman Sachs, is denying claims that gender bias is apparent in the algorithm it uses to determine credit limits for applicants, according to a report by Bloomberg. He said he plans to address the issue fully. “There’s no gender bias in our process for extending credit,” Solomon said. “There’s no […]
September 30, 2019
Hundreds of venture capitalists and high-level executives are meeting in Silicon Valley to discuss whether the current initial public offering (IPO) model is outdated and incorrect, according to Bloomberg. The...
September 26, 2019
Beyond Pricing, a startup that helps Airbnb users manage what to charge using an algorithm that calculates numerous factors, has raised $42 million in a funding round. Beyond Pricing takes...
September 16, 2019
Amazon has responded to a recent story in The Wall Street Journal which claimed the eCommerce giant has changed its algorithm to benefit its profitability, pushing its own products higher...
