Digital Deep Dive Show:: EP 015
Reed Dailey
Client Relationship Executive at CohnReznick | Management Consulting | Private Equity | Venture Capital | Podcaster
This article is part of the Digital Deep Dive Show,?which aims to showcase incredible technology and the exceptional people building it, using it, and the impact it has on business and society at large.?Subscribe here?and?follow me?to read future editions Digital3DShow.
Welcome to the latest edition of the Digital Deep Dive Show, where we dive into the latest tech news and trends. This episode features stories on the news in tech from around the globe, Chicago market update, and where you catch me online and IRL.
You can find the Digital Deep Dive Show on?Pogpage?and?Apple Podcast,?Anchor,?Google Podcast,?Youtube,?and?Spotify. Don't forget to hit that subscribe button and have all the episodes downloaded automatically to your device.?#DigitalDeepDiveShow?#Digital?#Digital3DShow
Global Tech News
Story-1:: Meta Threads Engagement Dip?
Overview: Last week, the text-based social media platform reported a record 100 million sign-ups in just five days, but according to data from Sensor Tower and Similarweb, the service has seen some dropoff in growth and engagement
Why It Matters: Meta only needs 1 in 4 Instagram users to use Threads monthly for it to be as big as Twitter. Meta also hasn’t deployed Threads to Europe due to the EU’s regulation. Still, be determined if Threads will attract News outlets and when they will turn on monetization through ads. The later, we predict, will come slightly later than expected to maximize the impact of user capture from the competitive app, i.e., Twitter.?
Link: CNBC
Story-2:: xAI w/Elon
Overview: Tesla CEO Elon Musk said on Friday that he plans for his newest venture, the artificial intelligence startup xAI, to collaborate with the automaker both on the “silicon front” and on the “AI software front.” xAI will use Twitter data for training the “maximally curious” artificial intelligence systems and products he hopes to build there.
Why It Matters: xAI is a new and ambitious AI startup with the potential to make significant breakthroughs in the field of artificial intelligence. It will be interesting to see how the company's research and innovations impact the AI industry and our understanding of reality. The use of Twitter as a data source will likely mimic a similar approach of Meta’s Llama. Could the purchase of Twitter have secretly been the trojan horse to seemingly unlimited access to data?
Link: Company Website | Twitter @xai
Story-3:: Meta & Microsoft Introduce the Next Generation of Llama
Overview: Meta’s Llama 2, our new open-source language model. It's free for research and commercial use, and Microsoft and Meta are partnering with us to expand their reach. Meta states it is committed to responsible and collaborative AI development and providing resources for ethical use.?
Why It Matters: Meta, like many other companies, needs data to train its model. Partnering with big-name brands and inviting users to try their model and input data is the next wave of companies getting the golden goose; data for free. With that said, it will be interesting to see what individuals and companies develop.?
Link: Meta Blog | Download the Model | Resources
Story-4:: Polar Analytics raises $9M to scale Shopify brands
Overview: To be successful now, having just a Shopify brand isn't enough. You need to use apps to keep track of advertising, inventory, customer interactions, and sales. This information will help your business do even better.
Why It Matters:? The typical brand on Shopify is using 15 different apps; however, among 30,000 brands they examined, only 0.1% of the 300,000 employees at those brands had data on hand,” CEO Dokes told TechCrunch. Technology like this will enable brands to maximize their potential across multiple channels vs. just operating across multiple channels.?It will enable operators to deploy ad spend and route effort to the right channels more effectively.?
Link: Company | Tech Crunch Press Release | Investment Team
Story-5:: New rules for merger review to reflect a digital economy
Overview: In the new guidelines, they outlined 13 points they will use to evaluate whether a merger should be blocked:
Why It Matters: The Federal Trade Commission and the Department of Justice Antitrust Division announced on Wednesday new long-awaited guidelines on how they will enforce merger law. The proposed rules apply to both vertical and horizontal mergers. These is to The new guidelines aim to keep pace with the digital age and a changing market.
Link:?CNBC
领英推荐
Chicago Market Spotlight
Chicago Spotlight:: Distributed Ventures?closed its first fund, at $100M in total commitment
Overview: ?Born out of NFP Ventures, Distributed Ventures, a Chicago, IL-based early-stage venture capital firm,?closed its first fund, at $100M in total commitments. Distributed Ventures invests in companies that are transforming the future of risk across Insurtech, Fintech and Health & Benefits.
Key Takeaways:?This new capital will assist entrepreneurs in showcasing their product-market fit and expediting commercial traction across multiple distribution channels. This guarantees that investments are in sync with the proficiency of strategic partners, their market insights, and distribution prowess.
Link: Company Website
Events: Virtual & IRL
Event (Virtual): State of Human Capital (2023 Edition)
Description: The world of work is changing rapidly, and organizations need to adapt their human capital strategies to keep up. This briefing series will explore the key trends in human capital in 2023, and how organizations can use these trends to their advantage.
Discussion Themes:?
Date & Time: Wednesday, August 23, 2023, from 8:00 AM??to 9:00 AM
Location: Virtual, Request Invite via [email protected]
Event Link: Event Overview
Event: August Summer Social
Description: Spend your evening networking with transaction professionals including investors, investment bankers, lenders, lawyers, accountants and other business advisors to find your next deal! The August Summer Social offers opportunities to connect with one another over good food and drinks.??
Date & Time: August 30, 2023, 4:30 - 7:00p
Location: 300 South Riverside Plaza Building
Event Link: ACG Chicago
If you are planning on being in the same city over the coming weeks. Please feel free to reach out on?LinkedIn,?Email, or Twitter?@ReedDailey.
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Cofounder & CEO at Cofi.ai
1 年Interesting post! What has been the most impactful tech news story to you and why? Thanks for sharing.