“Really? What’s a thing that person would do?” Negotiate pricing, account opening, and allowed activities. “But banks don’t negotiate pricing/account opening/allowed activities?” Skill issue, as the kids say.
BUSINESS
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Banking Skills as Legitimate Career in Fintech
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Note that you can get paid, legitimately, for being good at banking. Large fintech companies, as one example, need to be extremely sophisticated with respect to how they deal with their banks. That’s a skill you can hire for, like you could hire for someone skilled at AWS.
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Open Source Development Unpaid Labor Economics
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True – this is talking about open source, where you get paid $0, generally speaking.
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Banks struggle with fraud detection and velocity limits
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You would hope that banks would be able to heuristically detect this but a combination of organizational, IT, cultural, and regulatory issues makes that difficult, and so they adopt individualized velocity limits to minimize damage and attempt to educate users about this.
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Regulatory Policy Limits Startup Access Despite KYC Compliance
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This is the motivation behind the policy but the policy does not allow them to e.g. read a share purchase agreement or make use of the fact that the startup is a real company and KYCed by the receiving bank so there is no risk to this sophisticated customer.
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Microsoft Cloud Revenue Beats Expectations While Google Underperforms
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Tale of two clouds: Microsoft tops, Google flops Microsoft’s cloud computing revenue topped expectations, while Alphabet’s Google missed. Microsoft CEO Satya Nadella offered some anecdotal evidence to suggest progress in AI is helping, notably, over a million people paying to
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Groq Silver Sponsor ACTIAC Imagine Nation Conference 2023
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@GroqInc is a proud Silver Sponsor of the @ACTIAC Imagine Nation #ELC23. Email contact@groq.com to set up a meeting to discuss strategies for advancing #AI and the implications of shifting from an inference chip to an LPU™ system.
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Cloud Provider Simplifies Oracle Database Migration Services
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and another 'We are the only other cloud provider to run services making it simpler for customers to migrate their Oracle databases to our cloud.'
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NVIDIA and Lenovo expand partnership for enterprise generative AI
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Just announced, NVIDIA and Lenovo are expanding their partnership with new hybrid AI solutions to help enterprises adopt generative AI. Read our announcement to learn more: https://
nvda.ws/3Q1HW7y -
Israeli Tech Leaders Launch Emergency Funding Initiative for Startups
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Tech leaders are launching an effort to connect early-stage startups in Israel with investors willing to provide them with emergency capital and resources amid the war with Hamas https://
wsj.com/articles/pro-t
ake-tech-leaders-launch-effort-to-support-critical-israeli-tech-startups-de0a983e?st=ub7bq0cr5psf3x2
… via @WSJ @RoyGeva