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Amazon Launches Virtual Clinic Called Amazon Care
Healthtech
Amazon, the world’s largest internet company by revenue, quietly launched a virtual health clinic for Seattle-area employees, CNBC reports. The virtual clinic, named Amazon Care, offers a variety of services, from app-, video-, or chat-based telemedicine all the way to prescription drug delivery. “We’re currently piloting a healthcare benefit designed to help Amazon employees get fast access to healthcare without
Study: AI Not Much Better Than Humans in Medical Diagnosis
AI, Healthtech
Despite all the hype surrounding AI outperforming humans in medical diagnosis, it turns out they’re about par, at best. According to The Guardian, a recent study found that artificial intelligence and human experts were equally skilled at interpreting medical images. Prof Alastair Denniston, at the University Hospitals Birmingham NHS foundation trust and a co-author of the study, said the results
Alibaba Unveils Its First Home-Grown AI Chip
AI
Chinese e-commerce giant Alibaba unveiled its first artificial intelligence inference chip on Wednesday, a move which could further invigorate its already rip-roaring cloud computing business. According to the SCMP, the chip, called the Hanguang 800, specializes in speeding up machine learning tasks while being more energy efficient. It can purportedly finish a multi-hour task in just five minutes, using just
Korea’s Upbit to Delist Privacy Coins
Another exchange is delisting privacy coins. In a statement, South Korean cryptocurrency exchange UpBit said that it will be ending support for six privacy coins, including Monero (XMR), Dash (DASH), and ZCASH (ZEC). Trading support for those coins will end on September 30, while deposits are no longer allowed. UpBit said that the decision to pull those coins was “to
JP Morgan’s Blockchain Platform Signs It’s First Singaporean Bank
Shortly after signing Germany’s largest bank, JP Morgan’s blockchain-based payments network has added Southeast Asia’s second largest. According to The Block, the Oversea-Chinese Banking Corporation, popularly known as OCBC, has joined JP Morgan’s Interbank Information Network (IIN). OCBC is the first Singaporean firm to join to network, and it brings the total number of banks in the system to over
Binance to Launch Fiat-To-Crypto OTC Trading in a Month
The team behind the world’s largest cryptocurrency exchange seems to be on a tear. After unveiling a Libra rival, launching an NYDFS-approved stablecoin, and expanding into the U.S. and the lending space, Malta-registered crypto giant Binance is now set to add over the counter (OTC) trading to its platform. According to CoinDesk, the new service will provide users with fiat
Fintech Startup Stripe Reaches $35 Billion Valuation
FinTech
Who said fundraising was hard? Well, definitely not Stripe. According to CNBC, San Francisco-based payments startup Stripe has just raised another $250 million in funding, bringing its valuation from $22.5 billion to $35 billion. Sequoia Capital and Andreessen Horowitz General Catalyst were among the investors that participated in the round. Previous investors include Peter Thiel, Elon Musk, and Google’s venture
North Korea Is Making Its Own Version of Bitcoin
The hermit state is reportedly in the early stages of creating its own cryptocurrency, Vice News reports. The still unnamed cryptocurrency will be “more like bitcoin,” said Alejandro Cao de Benos, the official in charge of Pyongyang’s cryptocurrency conferences. “We are still in the very early stages in the creation of the token,” he added. “Now we are in the
Citi, IBM, Ubisoft Join Singaporean Blockchain Accelerator
Tribe Accelerator, Singapore’s first government-backed blockchain accelerator, has added another batch of big names to its corporate partners list. According to the Straits Times, IBM, Citibank, and Ubisoft have all joined Tribe as corporate partners for the second edition of its four-month program. The three giants, Tribe says, will help participating start-ups gain better access to international markets and resources.
OKEx Korea Delists Five Major Privacy Coins
OKEx’s Korean unit is delisting five privacy coins, including monero, dash, and super bitcoin, citing “violations” to the Financial Action Task Force (FATF’s) “travel rule.” According to The Block, transaction support for the five cryptos will end on October 10, while withdrawal services are slated to stop on December 10. The decision to pull the cryptos is due to the