Silicon Valley millionaires - Quantum computing 101 - A $16 billion drug flop
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Hello again!For those of you who missed the first edition of this newsletter last week, I'm going to be sending out a weekly email highlighting some of the best reporting from our BI Prime coverage.
I want to take this opportunity to highlight our coverage of Lyft's IPO this week. The team here at BI had our subscribers covered for every key detail from the first week of the IPO roadshow. Here's what you might have missed:
- Lyft will be the first ride-hailing company to go public. Here's how its numbers compare to Uber.
- Lyft's bankers are trying to compare the ride-hailing app to Grubhub and luxury retailer Farfetch - here's their pitch to investors
- Lyft's first Wall Street analyst to launch coverage of the stock gave it a buy rating. Here's why he says the company could be worth $25 billion
- A $3 billion investment chief breaks down the strategies he expects traders to use around the Lyft IPO - and reveals how his firm is planning to play it
- A "warrior's warrior": Why insiders say the first-time CFO running Lyft's $20 billion IPO is the perfect fit
- Inside the Lyft roadshow in NYC where investors packed the penthouse of a $1,000-a-night hotel
Meghan Morris spoke to Silicon Valley wealth advisers to put together this list of 6 tips on how this latest generation of soon-to-be tech millionaires should prepare.What would you like this email to include? What have we missed? You can reach me at firstname.lastname@example.org.-- Matt
Quote of the week
"We have more than 14 million organic followers for our account, so we know that our customer is there and she's there in a shopping environment."
- Linz Shelton, director of global social media at Michael Kors, on Instagram rolling out a checkout button to make it easier for people to shop from the platform.
- Matt Weinberger talked to Sasan Goodarzi, CEO of Intuit, about the rise of artificial intelligence, and why it will be as big a challenge as the company's shift to cloud computing.
- John Stanley Hunter and Christoph Asche talked to Walter Haas, chief technology officer at Huawei Germany, who dismissed spying claims as absurd and "technically impossible."
- Nick Bastone talked to Jack Buser, the game industry veteran Google hired to lead Stadia's business development, about pricing, performance, and the importance of gaming titles.
- Matt Weinberger spoke to Microsoft cloud boss Scott Guthrie about how it's packaging up its best technology to win customers across gaming, cybersecurity, and augmented reality.
- Rosalie Chan talked to Jay Simons, Atlassian's president, about the "gnarly problem" that prompted its $166 million acquisition of AgileCraft.
- Kate Taylor spoke to Paul Brown, the CEO of Inspire Brands, about Buffalo Wild Wings' comeback, Sonic's expansion, and acquisitions.
- Dennis Green spoke to John Furner, CEO of Sam's Club, about what the company has learned from its cashierless "beta lab" store.
- Rich Feloni spoke to Barbara Humpton, CEO of the US subsidiary of Siemens, about the technologies changing the workforce and the skills-training programs that are needed in response.
- Dan DeFrancesco spoke to Bill Capuzzi, the CEO of Apex Clearing, the clearing firm behind roboadvisers like Betterment and Stash, about the future of money management.
Finance and Investing
Like middle-schoolers at their first dance, financial-technology companies and payment processors are quickly pairing off in hopes of not being left alone in a space that's rapidly evolving.
$930 billion Nuveen's head of private markets is stepping down amid 'challenges' to the asset management business
Both Nuveen's private and public markets teams are seeing cutsamid a challenging environment for the asset management industry.
Business Insider spoke with some of the most prominent voices in venture capital to pick out the most exciting companies in European financial technology industry this year.
Tech, Media, Telecoms
UiPath, a buzzy robotics software company, is in talks with investors about a big new round of funding that could double its valuation, to as much as $7 billion, multiple sources told Business Insider.
In January, IBM made waves when it announced its IBM Q System One, the world's first gate model quantum computer available to businesses - a system housed in a sleek, 9-cubic-foot glass case.
More people are cutting the cord and advertisers clamoring to use data to target and measure video campaigns, but the $70 billion TV advertising industry has operated the same way it has for decades.
Healthcare, Retail, TransportationBig Pharma has tried and failed to cure Alzheimer's more than 200 times. The latest $16 billion flop leaves scientists hunting for a new path forward.
A promising but experimental Alzheimer's disease drug had a disastrous reversal of fortunes on Thursday, when two huge biotechs said they were largely giving up on it.
Jeff Bezos is a master at cutting costs.
- Here’s a tiny washing machine that cleans your TWS earbuds in two minutes
- 106-year-old woman in Madhya Pradesh gets her first COVID-19 vaccine
- Facebook's ad delivery system shows gender bias, says new study
- Check out the top 10 batsmen with the highest strike rate in all IPL matches
- Petrol pumps closed in Rajasthan as dealers demand rollback of VAT on fuel