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Thomson Reuters Corp will streamline technology, close offices, and rely more on machines to prepare for a post-pandemic world, the news and information group said on Tuesday, as it reported higher sales and operating profit. The Toronto-headquartered company will spend $500 million to $600 million over two years to burnish its technology credentials, investing in AI and machine learning to get data faster to professional customers increasingly working from home during the coronavirus crisis. It will transition from a content provider to a content-driven technology company, and from a holding company to an operational structure. Reuters
Codecademy raises $40M Series D led by Owl Ventures and says it has $50M ARR; the startup plans to expand its business offerings, grow internationally, and more
The company, which provides tools to create and improve digital ads, raises $50M Series C with Shutterstock, Adobe among investors; source: VidMob is valued at $290M The Wall Street Journal
Discover 7 Healthcare Startups You Should Watch in 2021
Big tech companies have increasingly started investing in cryptocurrency and building up their treasury assets by primarily focusing on Bitcoin. The reason for big companies buying Bitcoin is to protect their capital from USD devaluation. As the price of Bitcoin steadily rises throughout the better part of 2020 (so far we have seen an increase of 40%) corporations are identifying cryptocurrencies as a solid defense mechanism against the wave of inflation some see on the
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