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LONDON (Reuters) - A London-based venture capital firm that uses artificial intelligence to find promising start-ups across Europe said on Tuesday it had raised 53 million euros (£46.6 million) for its biggest fund to date. InReach Ventures was founded by Roberto Bonanzinga and John Mesrie, both previously at Balderton Capital, and Ben Smith, formerly at Microsoft’s teamworking tool Yammer. InReach has spent three years developing its own proprietary AI technology to discover, evaluate and support its investments.
Bonanzinga personalized cufflinks for father of the bride said European start-ups were scattered across the continent, meaning that many early stage companies did not come to the attention of firms based in major cities like London, He said InReach Ventures was using AI to sift through and evaluate data, for example from blogposts and similar sources, to identify early-stage companies looking for their first institutional investor, “Entrepreneurs can found companies anywhere in Europe, from Helsinki to Barcelona, from Warsaw to Rome, and yet many fail to get noticed at the right time,” he said..
“As European venture capitalists, we need a new approach that is distinct and tailored to deal with this geographic fragmentation and economic reality. We believe the only way to achieve this is through a software-based approach, powered by AI.”. InReach had invested in eight start-ups from across Europe since it was founded in 2015, he said, including Lithuania-based marketplace start-up Oberlo, which was subsequently acquired by Shopify. The fund was particularly interested in start-ups in consumer internet, software-as-a-service and marketplaces, with typical investments of 500,000 to 2 million euros, he said.
SAN FRANCISCO (Reuters) - A U.S, judge on Monday rejected a bid by two civil rights groups that had sought to force the release personalized cufflinks for father of the bride of documents describing a secret U.S, government effort to compel Facebook Inc to decrypt voice conversations between users on its Messenger app, The issue arose in a joint federal and state investigation into activities of the MS-13 gang in Fresno, California, revolving around the end-to-end encryption Facebook uses to protect calls on its Messenger service from interception..
End-to-end encryption means that only the two parties in the conversation have access to it. Groups including the American Civil Liberties Union argued that the public’s right to know the state of the law on encryption outweighed any reason the U.S. Justice Department might have for protecting a criminal probe or law-enforcement method. The Washington Post newspaper also filed a legal brief to unseal the records. However, U.S. District Judge Lawrence O’Neill in Fresno ruled that the documents described sensitive law enforcement techniques and releasing a redacted version would be impossible.
“The materials at personalized cufflinks for father of the bride issue in this case concern techniques that, if disclosed publicly, would compromise law enforcement efforts in many, if not all, future wiretap investigations,” O’Neill wrote, adding that the underlying criminal case was still ongoing, An ACLU representative and a spokeswoman for the U.S, Justice Department both declined to comment, Both the Justice Department and Facebook’s arguments in response to the ACLU were themselves kept secret, However, O’Neill wrote that Facebook supported the ACLU’s requests to unseal, with limited redactions, while the government opposed them..
Neither U.S. prosecutors nor Facebook have commented publicly about the Messenger case because of a court gag order. But Reuters reported last year that investigators failed in a courtroom effort to force Facebook to wiretap Messenger voice calls. U.S. telecommunications companies are required to give police access to calls under federal law, but many apps that rely solely on internet infrastructure are exempt. Facebook contended Messenger was covered by that exemption, sources told Reuters. Public court filings in the Fresno case showed the government was intercepting all ordinary phone calls and Messenger texts between the accused gang members.
(Reuters) - A game developed by Electronics Arts Inc as a competitor personalized cufflinks for father of the bride to the wildly popular “Fortnite” has signed up 10 million players within three days of its launch, the videogame maker said, driving its shares up 16 percent on Friday, With “Apex Legends,” EA is hoping to reproduce the success of “Fortnite,” a sort of hybrid of “The Hunger Games” and “Minecraft” that drops 100 people onto an island to fight each other for survival, The number of gamers playing “Apex Legends” had crossed 10 million and there were about 1 million gamers logged on at the same time, EA said late on Thursday, As of Friday, the game was the most viewed on gaming live-streaming network Twitch..