Rocket Internet wants to invest in fintechs and artificial intelligence

Rocket-InternetAfter setting up numerous start-ups from fashion to food delivery, Rocket Internet is targeting other business areas.

“We are now looking for fintechs, software, artificial intelligence, Proptechs,” chief executive Oliver Samwer outlined the goals on Friday. Gross, the start-up factory has therefore 2.6 billion euros in the box office to start up or develop companies. Proptechs provide technology for the real estate industry (Property Technology), Fintech’s financial services.

Samwer also announced at the annual general meeting in Berlin, after the strong growth of the cooking box supplier Hello Fresh in the US to take the US market further into focus. “We will continue to launch companies that will be number one in the US.” Shareholder representatives criticized the fact that the share price of the MDax company Rocket Internet SE is still well below the issue price, and demanded that Samwer formulate the goals more precisely.

Google does not want to provide artificial intelligence for weapons

google ai

Google has promised after fierce internal debates not to provide artificial intelligence for weapons systems.

At the same time, others will continue to work with the military and governments, the Internet company said Thursday. Over the past few months, the company has received massive criticism of its cooperation with a US Department of Defense drone project. It used “tensorflow” chips from alphabet- daughter Google for machine learning to detect objects by aircraft cameras.

A number of Google employees criticized this, although it was emphasized that it was about the evaluation of surveillance images and not attacks. There were internal petitions to get out of the “Project Maven”, several employees filed their notice according to media reports in protest. Google has announced that the project will expire in 2019.

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Gold: Stable farewell to the weekend

gold stableBefore the weekend, a growing risk aversion of investors helped the crisis protection to a stable week end.

At the weekend, an important meeting of the seven largest economies takes place in Canada. In the run-up to the event, the hope for progress in the dispute over international trade relations is obviously limited. However, capital flight from emerging economies such as Brazil is also currently presenting itself as a significant problem.

With a renewed increase in interest rates expected next week in the USA , this is more likely to be a source of unrest than relaxation. In such an environment, investors seem to be reducing their risk somewhat before the weekend.

On Friday afternoon, the gold price presented itselfwith held quotations. Until around 2.30pm (CEST), the most actively traded futures contracted for gold (August) by $ 0.60 to $ 1,302.40 per troy ounce.
Crude oil: offer of OPEC in descent

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Accident Investigator: Autopilot Accelerated Tesla from Deadly Crash

tesla

According to US accident investigators, Tesla’s autopilot assistance system has accelerated in the last few seconds in the direction of a concrete bollard during a fatal accident in March.

Prior to the crash, no braking or evasive maneuvers were found on the Type X electric SUV, the US agency said in a preliminary report to NTSB.
The experts, who are also involved in aircraft accidents, published the first detailed information on the accident from the evaluation of vehicle data.

Thus, the Tesla eight seconds before impact followed another car at a speed of 65 miles per hour (almost 105 km / h). Seven seconds before the crash, the Tesla and the front car began to move to the left.

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The Bitcoin will be worth $ 50,000, according to a YouTube star

Nicholas MertenAccording to creator Nicholas Merten, the Bitcoin is expected to launch a price explosion later this year, citing four reasons why the “crypto-gold” will multiply its value and reach the $ 50,000 mark.

In 2017, the Bitcoin already experienced a veritable hype among private investors. Within a few months, its value was pushed from record to record – until the $ 20,000 mark was exceeded in December, followed by a rapid fall in prices. If it comes to YouTube star Nicholas Merten, the Bitcoin will soon outnumber this record by more than double. The Bitcoin is currently at about 7,600 US dollars, according to “CoinMarketCap”.

In his YouTube channel “DataDash” Nicholas Merten deals among other things with cryptocurrencies. The entrepreneur and crypto-investor, with close to 300,000 subscribers, recently announced via Twitter and YouTube his prediction that the Bitcoin will reach $ 50,000 per digital coin this year. His reasons seem to speak less for the Bitcoin, but rather against the classic financial world. Even from his own community, the influential creator reaps criticism for his assumptions, as some of the comments in his videos show.

Four reasons for the rapid increase in value

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The next big financial crisis is brewing according to George Soros

george soros

Star investor George Soros is worried and is now predicting the next big financial crisis. The current situation in Italy, a possible “Italexit” and EU punitive tariffs are causing concern for investors.

For Soros, there are many unresolved issues, a sharp rise in the dollar and capital flight from emerging markets, just a few reasons for a financial crisis. He warned the European Union in his speech on Tuesday of the imminent threat. According to him, the EU is already in an “existential crisis”.

Why the EU is in crisis?

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Facebook scandal: customer data apparently also passed on to Apple, Microsoft & Co.

facebook

There are again allegations against Facebook, which could set the debate on data security on fire again: Many other technology companies should have access to user data.

Facebook , on its way to becoming the dominant social network – even before Facebook apps were available – apparently concluded special agreements with up to 60 device manufacturers, a report by the New York Times revealed. The partnerships now raise concerns about the security of customer data.

Cooperation in order to increase reach?

Since 2007, the re-exposed social network is said to have allowed access to Facebook data by handset manufacturers. The agreements with technology companies such as Samsung , Apple , BlackBerry , Microsoftand Co. should – according to the “New York Times” – Facebook users have made it possible to use popular features such as news and the “Like” button on their devices, even before an app for the social network could be installed.

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Turbulent Facebook Annual General Meeting after data scandal

facebook annual meeting 2018The aftermath of the Facebook data scandal has led to a more turbulent general meeting of the world’s largest online network this year.

A woman had to leave the hall because she demanded in interjections, founder and boss Mark Zuckerberg to refuse re-election to the Board.
Another shareholder called for the elimination of the more-voting shares that would secure Zuckerberg’s control of the company. With the current power situation threatens Facebook , to become an “entrepreneurial dictatorship”, he warned on Thursday.

There was also direct criticism of the outflow of information from millions of Facebook users to Cambridge Analytica, which had triggered the current data scandal. A representative of investor NorthStar Asset Management said it violated human rights. She argued that the data scandal had only become possible because the CEO could put together a board of directors to his liking. Boards of directors in US companies have even more far-reaching powers than the German supervisory boards and also determine the strategy in addition to the usual control functions.

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US labor market in May slightly stronger than expected

us job marketEmployment in the US recovered slightly more than expected in May, while the unemployment rate fell unexpectedly and hourly wages increased more than expected.

According to the Ministry of Labor, 223,000 additional jobs were created outside agriculture. The economists interviewed by Dow Jones Newswires had expected a job growth of 190,000.

The figures for the two previous months were also cumulatively revised upwards by 15,000 jobs: The ministry reported a job increase of 159,000 for April (provisionally: 164,000) and an increase of 155,000 (135,000) for March.

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Euro price falls after strong US data – francs are also down

Euro-USD_1

The euro’s price fell against the US dollar on Friday, as did the Swiss franc. Better than expected economic data from the USA pushed the euro’s course in the afternoon business down to a daily low of 1.1617 US dollars. In comparison, the euro was recently traded slightly higher in New York at $ 1.1663. The European Central Bank (ECB) had set the reference rate at 1.1669 (Thursday: 1.1699) dollars.

For the franc, the dollar climbed above the threshold of 0.99 at times. Currently he is still around at 0.9889 francs. The euro has meanwhile set above 1.15 and costs 1.1534 francs.

In May, the number of employees in the United States had surged surprisingly high. The unemployment rate fell to its lowest level since the beginning of the millennium. “Partylaune on the job market,” commented expert Christiane von Berg of the BayernLB the data.

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