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Amazon-owned MGM makes a viral video show with surveillance footage from Amazon-owned Ring

MGM (which is owned by Amazon) is making a viral video show based on footage from Ring security cameras (also owned by Amazon). The syndicated television show, “Ring Nation,” is poised to be a modern-day, surveillance-tinged spin on “America’s Funniest Home Videos” with Wanda Sykes as host. According to a report in Deadline , the show will feature Ring footage of “neighbors saving neighbors, marriage proposals, military reunions and silly animals.” Ring is also known for activities like  accidentally leaking people’s home addresses and handing over footage to the government without users’ permission . Between January and July of this year, Amazon shared ring doorbell footage with U.S. authorities 11 times without the device owner’s consent. Ring has been critiqued for working unusually closely with at least 2,200 police departments around the United States, allowing police to request video doorbell camera footage from homeowners through Ring’s Neighbors app. Like Citizen and Nextdo
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Digital health unicorn Truepill conducts third round of layoffs in 2022

Truepill , a platform that helps other companies offer diagnostics, telehealth services and prescriptions, has conducted its third mass layoff in a string of workforce reductions, sources tell TechCrunch. The layoff impacted about third of the company, or 175 people. One source says that Truepill’s entire U.K. team was laid off, as well as a meaningful portion of the virtual pharmacy platform’s product team. The data team was also impacted, while the diagnostics and telehealth components of the company — its core services — will be only lightly supported going forward. Impacted employees were told that they lost their jobs via a Zoom call, and some were told that severance details would be shared in the next few days. Truepill’s next chapter will be the pharmacy operations portion of the business, a return to form after Truepill’s frantic COVID-19 product sprint. When Truepill first launched, it described itself as the AWS for pharmacies, powering companies like Hims, Nurx, LemonAID
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Daily Crunch: Facebook avoids European blackout as regulators squabble over EU-US data transfers 

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To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here . Hello, and “happy Friday junior,” as someone put in their email to me today. I hope it has been a productive Thursday for you. Haje is hanging with a bunch of robotics technology, so it’s just me and my trusty Lakeland Terrier companion delivering the juicy morsels of news goodness today. Please enjoy his Pitch Deck Teardown on Five Flute while he’s away. Sadly for this flute player, it’s not a flute maker. See you tomorrow! — Christine The TechCrunch Top 3 Data protection woes : Facebook has managed to avoid being shut down in Europe, but Natasha L writes that its parent, Meta, may be facing a suspension. Here and yonder : I wrote about wealth technology firm Farther, which brought in $15 million in funding to boost its valuation to $50 million. The company provides tools for financial advisors to expand their business, while also enabling user
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Farther, a wealth tech firm, banks $15M Series A as valuation hits $50M

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Building wealth is a long process and can be complex, but Farther is bringing both technology and advisors to the table to make these kinds of services more accessible. The wealth technology company was co-founded in 2019 by Taylor Matthews and Brad Genser, who say Farther is “a new kind of financial institution” catering to high-net-worth professionals building generational wealth but want the freedom of both an automated system and a professional. Prior to Farther, Matthews, CEO, was an investment banker and management consultant before co-founding Essmart, a social enterprise company in India, and then moving over to a leadership position at fintech retirement advisory firm ForUsAll. Meanwhile, Genser, CTO, is a military veteran who previously worked at Goldman Sachs leading an artificial intelligence team in private wealth. Capitalizing on their experiences, the pair created Farther to provide tools that are two-fold: one set for advisors to expand their businesses and one for
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Conversational intelligence company Jiminny nabs $16.5M to unlock sales team insights

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Jiminny , a U.K.-based conversational intelligence platform that companies use to record, transcribe, and analyze communications from across sales and other customer-facing teams, today announced it has raised $16.5 million in a series A round of funding. Founded out of London in 2016, Jiminny offers companies the technology to gain insights into how well their sales or customer support teams are engaging with their clients across voice, video, email, and messaging. By integrating into a company’s broader tech stack, including calendars, CRMs, dialers, and video conferencing tools, Jiminny can provide insights such as which personnel are most successful at converting that initial “discovery call” into a serious prospect (or even a sale), and dive directly into the call that made it happen. Jiminny: Sales team data following “discovery call” Companies can also use Jiminny to identify customer sentiment and satisfaction, and zone in on what messaging the sales and marketing teams n
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Medical simulation platform FundamentalVR raises $20M to help surgeons learn through VR

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FundamentalVR , an immersive simulation platform for medical and health care professions, has raised $20 million in a round of funding to “accelerate skill-transfer and surgical proficiency” through virtual reality (VR) and mixed reality (MR) applications. Despite its decades-long promise, VR hasn’t traveled too far beyond gaming circles or niche industrial use-cases, though this is something that Meta and its Big Tech ilk are pushing aggressively to change . However, among the industries that have long embraced VR are medicine and healthcare . By way of example, back in 2009, a neurosurgeon in Canada used a VR-based simulator to carry out a dry-run of a real brain tumor surgery in what was thought to be a world’s first at the time. More recently, VR has been used in all manner of health care scenarios, from treating social anxiety and other mental health conditions , to surgical training . Big impact Medical simulation serves as a powerful example of how VR and related MR syste
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Aramco’s Prosperity7 powers AI drug firm Insilico’s $95M round

Hong Kong-based drug discovery and development company Insilico has secured fresh capital at a time that its CEO described as a “biotech winter.” The firm has raised $35 million on the heels of its last tranche in June , bringing its total Series D investment to $95 million. The new round was “oversubscribed”, the firm’s founder and CEO Alex Zhavoronkov told TechCrunch, declining to disclose the company’s valuation. Prosperity7, the venture capital arm of Saudi Arabia’s state oil company Aramco, led the new capital infusion. The fund has been actively scouring for opportunities in and around China that can scale globally and particularly in the Middle East. Insilico, which operates R&D teams across Hong Kong, Shanghai, and New York, seems to be a good fit for Prosperity7. “Prosperity7 inspired us to look into sustainable chemistry,” said Zhavoronkov. Insilico uses machine learning to identify potential drug targets and eventually create the drug. The same technology can also b
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