Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

Mr. Speaker

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Canalys is reporting that the global smart speaker market grew 55.4% in Q219 to reach 26.1M units. While Amazon kept its global lead at 6.6M units, Baidu gew 3,700% to reach 4.5M units, serving only the Chinese domestic market. That shifted Baidu in front of Google, which shipped 4.3M.

Also on the Chinese front, facial recognition startup Megvii filed for a Hong Kong IPO at a roughly $4B valuation. Megvii sells AI products that range from facial reco to algorithms designed for traffic management.

Some other Monday morning AI funding rounds:

Versatile Natures, $5.5M (seed), nurtured in Autodesk’s Build Space in Tel Aviv since April 2017, uses AI to improve construction processes.

Capacity (formerly Jane.ai), $13.2M Series B, AI that helps companies maintain a searchable index by consolidating info from various apps.

And Tech Nation reports that UK tech startups hit a record $6.7B in the seven months of 2019, suggesting there’s no Brexit brakes on innovation!

Speaking of brakes, after President Trump’s Tweets raising tariffs on China whipsawed global markets Friday, U.S. markets seem to have settled down after the President tweeted this AM: “Talks are continuing.”

Your 401K: It’s better just not to look. No, really.

Written by turbotodd

August 26, 2019 at 9:51 am

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