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Fintech Roundup: Due diligence makes a comeback and a former Better.com employee speaks out

TechCrunch

2021 was a record year for venture capital fundraising, and fintechs were the largest recipients of funding worldwide, with about 21% of all venture dollars last year going into fintech startups. Investors appeared to be backing some startups in part due to FOMO, and that’s not necessarily a good thing.

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Enhancing customer care through deep machine learning at Travelers

CIO

New York-based insurance provider Travelers, with 30,000 employees and 2021 revenues of about $35 billion, is in the business of risk. s unique about the [chief data officer] role is it sits at the cross-section of data, technology, and analytics,â?? s SVP and chief data & analytics officer, has a crowâ??s s a unique role and itâ??s

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5 investors discuss Boston’s resilient tech ecosystem

TechCrunch

Boston offers a world of advantages for startup founders Boston’s university-to-startup pipeline defies downturn to grow and diversify Boston has had a thriving tech startup ecosystem for a while, but things can change fast. After setting records in 2021 as “Zoom investing” took off, how are local startups faring in 2023?

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How AI/ML is changing the way businesses work

Hacker Earth Developers Blog

One of the most exciting and rapidly-growing fields in this evolution is Artificial Intelligence (AI) and Machine Learning (ML). Simply put, AI is the ability of a computer to learn and perform tasks that ordinarily require human intelligence, such as understanding natural language and recognizing objects in pictures.

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10 Key Trends of Digital Transformation in Healthcare in 2022

OTS Solutions

Still, in 2021, a new set of problems has emerged, including more potent COVID-19 variations and overflowing hospitals attempting to treat both people with and without the virus. Technology has proven important in maintaining the healthcare industry’s resilience in the face of so many obstacles.

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Deal Dive: This AI startup is racking up government customers

TechCrunch

In 2021, the Internal Revenue Service estimated that the U.S. loses $1 trillion a year due to tax evasion alone. The Tel Aviv–based startup uses AI, machine learning and public … Tax evasion, money laundering and other financial crimes are massive, costly issues. IVIX thinks AI can help with that.

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LexCheck raises $17M to automate common contracting processes

TechCrunch

VCs continue to bet big on legal tech. According to Crunchbase, firms have invested more than $1 billion in legal tech companies, an uptick from the $512 million invested last year. Lexion , which was incubated at the Allen Institute for Artificial Intelligence, uses machine learning and AI to automate aspects of contract management.