Tag: Driven

Fractal announces fundraise and spin-out of Theremin.ai, its second AI driven business this year

NEW YORK, Oct. 5, 2020 /PRNewswire/ — Fractal, (fractal.ai), a global leader in artificial intelligence and analytics, powering decisions in Fortune 500 companies, today announced that one of its subsidiaries, Theremin.ai, has raised funds from OLMO Capital. The funds will be used for building its algorithmic investment product and for expanding its talent.     

Founded in early 2019, Theremin.ai uses deep reinforcement learning to drive quantitative investment strategies for the Indian and Asian capital markets. Theremin’s cutting-edge technology platform identifies unique alpha investment opportunities in financial markets incorporating both conventional and alternate data sources. 

“Theremin.ai’s focus is to generate high-value alpha investment strategies and hence there is a need for large datasets, exhaustive research, and specialized talent. This round of financing will help us to continue investing in these areas,” said Hemant Kothavade, Founder & CEO, Theremin.ai. 

“We set up Theremin.ai to test whether our algorithms could find

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Small Business Jobs Index Increases Slightly Driven by Gains in the Northeast and the Construction Industry

ROCHESTER, N.Y., Sept. 29, 2020 /PRNewswire/ — The latest Paychex | IHS Markit Small Business Employment Watch shows a slight increase in hiring from the previous month, rising 0.06 percent nationally and 0.36 percent in the Northeast. The national jobs index stands at 94.44, remaining in line with April’s reading of 94.63. Small business wage growth slowed to 3.14 percent in September, while growth in weekly hours worked maintained a solid pace, up 0.65 percent from last year. Weekly earnings growth held steady at 3.86 percent in September.

“While it was positive to see a slight improvement in September, the national jobs index and small business hiring has remained largely flat over the past several months,” said James Diffley, chief regional economist at IHS Markit.

“We’re starting to see signs of improvement in specific regions, including the Northeast, which was hit particularly hard in the early stages of

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Mastercard Expands its Digital First Card Program Amid Growing Demand for Digitally Driven Money Management Solutions

The MarketWatch News Department was not involved in the creation of this content.

Directly addressing today’s generation, who does everything – from ordering meals to scheduling doctor’s appointments – on their mobile phones or online, Mastercard today announced the expansion of its Digital First Card Program in North America. Mastercard is partnering with payment processors including CoreCard, FIS, Fiserv, Galileo, i2c, Marqeta, PTS and TSYS, a Global Payments Company, to provide them with the foundational digital guidelines that will enable consumers to experience a best-in-class digital banking experience, including near-instant access to card information, the flexibility to shop with ease, and the peace-of-mind to securely transact, among other benefits.

Together with Mastercard, these players will work with issuing banks to ensure the foundational requirements of the Digital First Card Program are met, which has been built to deliver an optimal and secure consumer experience by focusing on four key areas:

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Tintri Corporate Strategic Direction Driven by New Marketing Leadership

SANTA CLARA, Calif., Sept. 22, 2020 /PRNewswire/ — Tintri®, provider of Intelligent Infrastructure for enterprises, underscores its commitment to customers and channel partners with the appointment of Amy Medeiros as head of Global Marketing and Inside Sales. A 25+ year industry veteran, Medeiros joined the company to develop and implement programs that advance Tintri’s new corporate vision. Driven by a focused effort to strengthen its channel program and to continue to leverage the leadership position in Intelligent Infrastructure technologies forged by the acquisitions of Nexenta® and IntelliFlash®, Tintri has already seen success through its 11,000+ customers1 deployed in the top 20% of Fortune 100 companies2.

Reporting to Tom Ellery, general manager and senior vice president of field operations at Tintri, Medeiros is responsible for all marketing and sales initiatives, with an emphasis on customers and channel partners. She will continue expanding on the

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Stamps.Com Inc.: Growth Driven By Increased Online Shopping (NASDAQ:STMP)

If your business is not on the internet, then your business will be out of business. — Bill Gates

Online shopping has seen advancements in the past few months that might have otherwise taken years to adopt. These advancements benefit both consumers trapped at home and the businesses no longer seeing foot traffic in their stores. Yet the end product still needs to get to the consumer, and those businesses looking to avoid trips to the post office can turn to Stamps.com (STMP).

Stamps.com Inc provides Internet-based mailing and shipping solutions throughout the United States and Europe. In the words of the Stamps.com Chairman and CEO from the second quarter earnings release, “In recent months, e-commerce has provided an important lifeline to many businesses and individuals in the context of the COVID-19 pandemic”. This success was reflected in the company’s second quarter earnings report.

Growth in reported results

Stamps.com posted

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