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Weekly DaaS Roundup for May 30
the trusted news feed on Data-as-a-Service (DaaS) companies and products
Welcome to the Weekly DaaS Roundup!
Before we get into the latest developments in the World of Data, a conversation with a friend on whether the world today would be recognizable to a time traveler from 2004 (you can easily identify them by their frosted tips and puka shell necklaces) made me go back to a classic 2015 write up on the non-linear nature of progress, AI and the future. You know what? It still holds up!
The debate on the other hand…still rages on.
The Road to Superintelligence by Tim Urban
Top Story of the Week
PayPal Is Planning an Ad Business Using Data on Its Millions of Shoppers by Patrick Coffee (WSJ)
Data exhaust monetization has been the Holy Grail for years, with PayPal, JPM and numerous other expected to follow suit, is Indy finally in the right temple?
Q1 State of DaaS
Data-as-a-Service Market Update by IKONA Partners
Excellent resource on the largest deals of the quarter as well as comps and an overview of the investor space.
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News and Interesting Reads
Beyond Benchmarks 2024 Emergence Capital surveyed 400 B2B Software companies to understand GenAI trends, the fundraising environment and company performance metrics.
The Executive Report Card Paragon Intel rolled out a rating for the C-suite of publicly traded companies that aims to quantify exec fit and impact on company performance. Applying their methodology going back 10 years, the company claims there was an "annualized alpha" of 8% — meaning if you shorted the companies with poorly rated execs and bought those with strong C-suites, you would have made 8% more a year than the average peer.
And here you were thinking that report cards were a relic of grade school.
Meta allows you to opt out of having your data train their models @Tantacrul walks us through the process, which can only be described as Kafkaesque. The humor in all of this is that the DMV style nightmare is outlined on X, which is also training its models on the content. Turtles all the way down.
1. I'm legit shocked by the design of @Meta's new notification informing us they want to use the content we post to train their AI models. It's intentionally designed to be highly awkward in order to minimise the number of users who will object to it. Let me break it down.
— Tantacrul (@Tantacrul)
10:50 PM • May 26, 2024
Are your SaaS Backups as Secure as your Production Data The Hacker News
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M&A and Funding
The DaaS Company Spotlight - Tollbit
Why we think they’re cool: It’s the Wild West out there right now in terms of ethical AI data sourcing and fair market renumeration. Tollbit is aiming to become the sheriff of this town by creating a rule based market for publishers and their new data hungry consumers (AI models, scrapers and the like).
Podcast Recommendation
Michael Batnick - Common Investing Mistakes on World of DaaS podcast.
Michael Batnick is a managing partner and director of research at Ritholtz Wealth Management. He’s also the host of several fantastic podcasts, including Animal Spirits and The Compound and Friends.
In this episode, Auren and Michael discuss retail investors, common pitfalls and whether index funds will save or destroy the market.
the World of DaaS channel surpassed 1.4 million (!!) views (and 15,000 +subscribers) on YouTube.
Random Art(tificial Hallucination) of the Week
prompt: turtles all the way down in the style of a 70s ad
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