Template:In the news

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  • Sony announces a new $185M fund to invest in tech startups

Sony is doubling down on the world of startup investment. The Japanese tech giant announced a new fund that is aiming to raise 20 billion JPY (around $185 million) to invest in companies within “key high-growth industries,” through their Sony Innovation Fund. [July]

  • Media-tech platform Toch raises Pre-Series A funding

Toch funding led by investors from Hyderabad Angels, Mumbai Angels and other high net worth individuals including former Zee Entertainment CFO Mihir Modi and Swastik Bihani, Head of Products & GM, India at PayPal. [July]

  • IBM's Watson Marketing breaks off into separate company

ZDNet reports, on its first day as a standalone business, CEO Mark Simpson says of the new company, AI Powered Marketer says it's mature yet agile enough to take on major competitors like Adobe, Oracle, and Salesforce. [July]

  • The most popular social media platforms with Gen Z

For social media, members of Gen Z gravitate toward Instagram, Snapchat, and Youtube, according to a survey by Business Insider. [July]

  • VidMob raises $25M for its Video Advertising Tools

BuildGroup announced that it was leading a $25M Series B round for the New York-based video advertising startup VidMob. [June]

  • Crowdsourcing Web Imagery Through AI To Understand Television News

Deep learning has revolutionized our ability to understand the visual world. Machines can now readily sift through billions of images a day and catalog the objects and activities they depict, scan them for violence or nudity, identify text, estimate their location and any number of other capabilities using libraries of pre-trained models. [June]

  • Warner Music Group's Digital Chief Ole Obermann Exits Label

Warner Music Group's chief digital officer, Ole Obermann, is leaving the company, Billboard has confirmed. The New York-based executive's departure comes as a surprise; according to sources who spoke with the online publication, Obermann decided not to renew his contract. [June]