“Three of the developers responsible for DeepStack, the first AI system to beat humans at heads-up, no-limit poker, have left their posts at DeepMind to form a new startup dedicated to dominating the stock market. Martin Schmid, Rudolf Kadlec, and Matej Moravcik, the company’s founders, all worked together at IBM and DeepMind. The founders’ history…
Tag: Brandon McGee
How AI is changing banking
“The principle sounds simple: if you know your customers well, you can make suggestions that best suit them. This wisdom, which has always applied in the analogue world, is becoming increasingly important in the digital world. It could also become more important when advising on investments in the future. For example, algorithms can help bank…
AI-led startup Builder.ai raises $100M in Series C round led by Insight Partners
“Builder.ai, the AI startup that has built a low-code/no-code app development platform, has raised $100 million in a Series C funding round led by Insight Partners. According to the startup, Builder.ai builds software and apps that are up to 6x faster and is around 70 percent cheaper as compared to other avenues. It claims that…
Fintech Roundup: Goldman Sachs buys another startup, Fast hits a speed bump and BaaS gets hotter
“Fintech M&A hasn’t been as robust as one might expect in recent months. So when Goldman Sachs announced this week it was buying NextCapital – a fintech company that provides automated advice to corporate retirement plan participants – my ears perked up. In the case of NextCapital, which uses algorithms and automation to allow users…
Apple Acquires U.K. Financial Health Startup Credit Kudos
“Credit Kudos lets businesses assess loan applicants by analyzing banking data, such as user transactions, and offers a service for potential borrowers to assess their credit worthiness. Apple has been escalating its push in payments in recent years, launching the Apple Card in the U.S. in 2019 and rolling out Apple device installment plans on…