Points of View

Many multi-billion-dollar companies have been built by providing tools to make software development easier and more productive. Venture capitalists like to refer to businesses like these as “pick and shovel” opportunities, a reference to Mark Twain's famous line: “When everyone is looking for gold, it's a good time to be in the pick and shovel business.”
There has been increased hand-wringing across the AI community in recent months about the limitations of deep learning.

The law touches every corner of the business world. Virtually everything that companies do—sales, purchases, partnerships, mergers, reorganizations—they do via legally enforceable contracts. Innovation would grind to a halt without a well-developed body of intellectual property law. Day to day, whether we recognize it or not, each of us operates against the backdrop of our legal regime and the implicit possibility of litigation.

A schism lies at the heart of the field of artificial intelligence. Since its inception, the field has been defined by an intellectual tug-of-war between two opposing philosophies: connectionism and symbolism. These two camps have deeply divergent visions as to how to "solve" intelligence, with differing research agendas and sometimes bitter relations.

No asset is more prized in today's digital economy than data. It has become widespread to the point of cliche to refer to data as "the new oil." As one recent Economist headline put it, data is "the world's most valuable resource."

Johnson & Johnson has announced the acquisition of Auris Health for up to $5.75 billion consisting of approximately $3.4 billion in cash plus additional contingent payments of up to $2.35 billion upon reaching certain predetermined milestones.

News & Press

TECH CRUNCH
Spotinst rebrands as Spot and announces new cloud spend dashboard
DEADLINE
The Chernin Group Boosts Investment In Interactive Entertainment Company Scopely
CISION PR NEWSWIRE
Freshly and Nestlé partner to donate $500,000 to Meals on Wheels America, supporting their vital work to help vulnerable seniors amid COVID-19
Robin.ly
It's All About Real-world Use Cases: Rob Toews, Investor @ Highland Capital Partners
PYMNTS.COM
As Gap Joins thredUP, Resale Continues Its Momentum
CNBC
Rent the Runway adds a new subscription option that allows renters to swap clothes more often
HPC NEWSWIRE
Qumulo Appoints Barry Russell as Senior Vice President and General Manager of Cloud
INDIA RETAILING
Gap Inc. becomes thredUP’s largest clean out distribution partner to date
TECHNICALLY MEDIA
WhyHotel is bringing a pop-up location to Maryland’s Merriweather District
BOSTON BUSINESS JOURNAL
Health IT company plans massive expansion with $42M raise
BUSINESS WIRE
Rent the Runway Appoints Brian Donato as Chief Supply Chain Officer, Mike Roth to Board of Directors & Mike Indresano as Senior Transportation Executive
LINKEDIN
Profiles In Venture: Highland Capital Partners'​ Caty Rea
NEW YORK STATE
Governor Cuomo Announces Catalant Technologies to Open Location in Rochester's Downtown Innovation Zone
HIT CONSULTANT
Kyruus Lands $42M to Expand Patient-Providing Matching Solutions for Health Systems
DC INNO
Pop-up hotel startup WhyHotel closed a $20 million Series B round led by Harbert Growth Partners.
ELLE
Rent The Runway Adds Ski Wear And Athleisure To Its Catalog
TECH CRUNCH
Xometry acquires European on-demand manufacturing marketplace Shift
Forbes
Rent The Runway Is Expanding Into Your Hotel Room. Other Retailers Will Follow.