Wednesday, August 28, 2019

Jambos Picks raises $23M seed for its AI-based sports bet recommendations service that offers refunds to subscribers if recommendations are not profitable (Kieran McQuilkin/American Inno)

Kieran McQuilkin / American Inno:
Jambos Picks raises $23M seed for its AI-based sports bet recommendations service that offers refunds to subscribers if recommendations are not profitable  —  A big name, a risky market and a bold guarantee.  Ex-MLB pitcher Michael Schwimer has the makings of a fascinating D.C. startup on his hands.



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Baidu reports Q1 revenue up 1% YoY to ~$4.4B, above ~$4.35B est., the slowest growth in over a year, and net income down 6% YoY to ~$755M, above ~$554M est. (Zheping Huang/Bloomberg)

Zheping Huang / Bloomberg : Baidu reports Q1 revenue up 1% YoY to ~$4.4B, above ~$4.35B est., the slowest growth in over a year, and net ...