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Merlon Intelligence raises $7.65 million in seed financing to combat money laundering

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 Flightcaster, Prismatic and now Merlon Intelligence. Bradford Cross, founder of the venture capital firm Data Collective is a known figure in the ranks of VCs who have caught the entrepreneurship bug, abandoning what could have been a cushy lifestyle for one with considerably more volatility. His third startup, Merlon Intelligence, services banks, helping them cut down on risk and put a… Read More

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The FCC’s case against net neutrality rests on a deliberate misrepresentation of how the internet works

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 The FCC has just published the notice of proposed rulemaking that would roll back the 2015 Open Internet Order establishing net neutrality. Their first and primary justification for doing this is a way of defining broadband access that’s so backwards it’s ridiculous. It would be funny, if the future of the internet didn’t depend on this incredibly disingenuous maneuvering. Read More

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Blispay raises $12 million to help retail customers avoid payments for 6 months

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 If you’re looking to buy something, but don’t want to pay for it yet, Blispay thinks it has the solution for you. The startup works with small and mid-sized businesses to help retail customers defer payments for six months. Baltimore-based Blispay has been gaining traction and raised an additional $12 million in funding after raising about the same amount last year. FirstMark… Read More

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Verizon CEO confirms company’s plan to launch a streaming TV service

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 Verizon CEO Lowell McAdam confirmed the company’s plans to launch an over-the-top streaming service later this year, according to a report from Variety, citing remarks the CEO made at a telecom conference in Boston this week. Verizon (which owns TechCrunch parent company AOL), will use the combined platform of AOL and Yahoo – and their 1.3 billion users – to test the new… Read More

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Stanley Robotics is building robots that can park your car for you

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 French startup Stanley Robotics just raised $4 million (€3.6 million) from Elaia Partners, Bpifrance and Idinvest Partners. The company is building giant robots that pick up your car at the entrance of a parking lot and park it for you. If you drive your car to the airport, you know how expensive it can be to leave your car at the airport for a week. Airport parking lots have turned into one… Read More

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Google brings expanded AMP support to search and display ads

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 When Google launched its AMP project about a year and a half ago, the focus was squarely on speeding up mobile web pages, with a special emphasis on news sites. Over the last few months, both the scope of supported pages and the range of places where Google surfaces AMP pages increased. Google is now using the AMP technologies to speed up some of its core money-making services. Read More

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LeEco to lay off 325 people in US, focus on Chinese-speaking American households

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 It’s hard to know where to begin with this mess. It’s only been seven months since LeEco launched in the U.S. with one of the most bizarre press conferences in recent memory, right down to the super weird Michael Bay cameo. Since then, it’s been a constant parade of bad news for the company, cumulating with a conference call today that will lead to around 325 layoffs in the… Read More

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Swiss watch exports dropped for a third year in a row

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 According to the watch press, this year’s Baselworld in Switzerland was a graveyard. “The Baselworld show, ended March 30, was grim,” said Joe Thompson in Watchtime Magazine, an enthusiast publication. In short, a once might industry is contracting at an alarming rate. A further harbinger of death is far simpler to understand. Swiss exports have fallen for the third year in… Read More

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