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An Alibaba-backed fintech company founded by a 34-year-old just had an amazing IPO; Artificial Intel



An Alibaba-backed fintech company founded by a 34-year-old just had an amazing IPO


Qudian, an online small credit provider, popped more than 43% after going public on the New York Stock Exchange Wednesday morning, opening at $24 per share. The China-based company, which was founded by 34-year-old Min Luo, targets China's younger and underserved markets with small loans via its mobile app. The stock jumped to a high of $34 per share Wednesday morning before falling back to $30 at the time of publication. Qudian, according to its prospectus, offered 37.5 million shares. Reuters reported the company raised $900 million from the IPO... Read the full article here

Category: Fintech

Image & article ref: uk.businessinsider.com

Artificial Intelligence Learns to Learn Entirely on Its Own


A mere 19 months after dethroning the world’s top human Go player, the computer program AlphaGo has smashed an even more momentous barrier: It can now achieve unprecedented levels of mastery purely by teaching itself. Starting with zero knowledge of Go strategy and no training by humans, the new iteration of the program, called AlphaGo Zero, needed just three days to invent advanced strategies undiscovered by human players in the multi-millennia... Read the full article here

Category: Artificial Intelligence

Image & article ref: quantamagazine.org

London is the European hotspot for venture capitalists when it comes to fintech


London remains the top European city for venture capital investment in financial technology firms, according to data released by Mayor Sadiq Khan's promotional agency.Investors have poured more than $1 billion into fintech companies across the U.K., including those in London, since the beginning of the year, London & Partners said Thursday. Fintech firms in the capital raised the overwhelming majority of cash — more than $980 million... Read the full article here

Category: Fintech

Image & article ref: cnbc.com

The Future Of Artificial Intelligence: From Minimizing Food Waste To Terrible Self-Creating Music


As an entrepreneur and AI guru, Trevor O'Brien is deeply engrained in the digital start-up community. He is founder at the innovative design and prototyping studio, theexperiment.io, and has been crucial in a number of ground-breaking start-up initiatives, including thegrid.ai – ‘AI websites that design themselves’. Throughout his career, Trevor has lead sprawling multidisciplinary teams, created award-winning digital campaigns, and proven that technology paves endless paths for communicating and doing business... Read the full article here

Category: Artificial Intelligence

Image & article ref: forbes.com

Amid Brazil’s persistent economic crisis, fintech startup GuiaBolso raises $39 million


Despite a continuing economic crisis, Brazil’s technology startups are continuing to attract cash and financing, with the mobile personal financial service GuiaBolso raising $39 million in fresh funding. Readers outside of Brazil can think of the company as a combination of U.S. services like Mint, Credit Karma and Lending Club, all rolled into one. That GuiaBolso has emerged as a bright spot in the otherwise grim horizon of Brazil’s economic outlook speaks to a broader divergence between the country’s digital... Read the full article here

Category: Fintech

Image & article ref: techcrunch.com

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