Category: Spins

Santander spins out its $400M fintech venture capital arm, now called Mouro Capital
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Santander spins out its $400M fintech venture capital arm, now called Mouro Capital

Santander, the Spanish multinational banking giant, is announcing that its fintech venture arm is to be spun out and will be managed more autonomously going forward. Previously known as Santander Innoventures and first established in 2014, the VC is being re-branded to Mouro Capital. It will continue to be headed up by general partner Manuel…

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Microsoft spins out 5-year-old Chinese chatbot Xiaoice
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Microsoft spins out 5-year-old Chinese chatbot Xiaoice

Microsoft is shedding its empathetic chatbot Xiaoice into an independent entity, the U.S. software behemoth said (in Chinese) Monday, confirming an earlier report by the Chinese news site Chuhaipost in June. The announcement came several months after Microsoft announced it would close down its voice assistant app Cortana in China among other countries late last year.…

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Zuckerberg Spins Congress: Back Facebook Cryptocurrency or Let China Win
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Zuckerberg Spins Congress: Back Facebook Cryptocurrency or Let China Win

Mark Zuckerberg will appear before Congress on Wednesday to defend Facebook’s controversial ‘cryptocurrency’ project, Libra. In his prepared remarks, the Facebook CEO will tell lawmakers that America risks losing “financial leadership” to China if they don’t get behind his company’s plan. Referring to China’s proposed digital currency, which is expected to launch before the end…

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