5 Key Stories From The Digital Worlds

May 15

BY NABYL CHARANIA

1. 

OVERWATCH LEAGUE SHOWS ESPORTS MARKETING WORKS

  • Live-streaming platform Twitch paid $90 million for the rights to the Overwatch League.
  • Activision Blizzard, creator of Overwatch, beat its revenue forecast for Q1 2019, in part because of its ESports initiatives.
  • Combine fan spend, media rights, and sponsorships, the esports market is now worth an estimated $922 million.

2. 

WHAT’S HOT IN INSURANCE TECH IN 2019?

  • The business backbone, the core systems, burden digital transformation strategies.
  • Insurers spend about two-thirds of finite tech budgets on these run-the-business systems.
  • Tech leaders need to demonstrate business value of these maintenance and ops investments.

3. 

EYE ON A.I.— WHY HARDWARE IS SO IMPORTANT TO A.I.’S FUTURE

  • Using artificial intelligence isn’t just about software.
  • Companies are quickly realizing that the hardware it runs on and is trained on is also critical.
  • Using A.I. isn’t as simple as feeding numbers into fancy software and waiting for a result that will lead to lots of profits.

4. 

A QUICK LOOK AT THE EV VC MARKET

  • So far in 2019, there have been 27 rounds raised by EV companies, accounting for approximately $2.1 billion in known funding.
  • Earlier this year, Ford tied up with Rivian to the tune of $500 million…working on new batteries for Ford’s own electric car work.
  • Uber’s Advanced Technology Group picked up a billion, and Cruise, part of the GM empire raised $1.15 billion as well.

5. 

TD AMERITRADE EXEC: TENS OF THOUSANDS OF OUR CLIENTS ARE INTERESTED IN CRYPTO

  • Attendance has been “off the charts” at the bitcoin education events facilitated by the company.
  • This intense interest isn’t just from millennials, but older retail investors too.
  • Found that investment advisors (RIAs) are equally interested in bitcoin futures as the company’s ‘pure retail’ clients.