House introduces bipartisan bill on AI in banking and housing
The bill would require a report on how these industries use AI to valuate homes and underwrite loans
Read more...Here's a quick news update on three startups in the Vator.tv community.
First up is Snooth, the social shopping site for wine enthusiasts, which last week raised a $1 million angel round that valued the company at 3x its previous valuation. That followed a $300,000 seed round in Dec. 2006.
Investors in this round include Ryan Moynagh, a former Merrill Lynch investment banker who now runs Equatorial Partners, a Singapore based Oil and Gas Advisory firm, and Will Armitage, of the London-based IG Group.
The new funds will be used to scale the development team, integrate the current backlog of merchants that have already partnered with Snooth, and add new retailers worldwide, according to spokesman Colin Nagy, who alerted to the news by posting a comment on his pitch.
Those comments, for those of you who didn't know, go directly into the Vator.tv newsroom. They are a big part of our philosophy of letting entrepreneurs tell their own story.
Two online video companies, Pixsy and MeeVee, also had recent news.
MeeVee, which has hired an investment banking firm to advise it in preliminary talks its holding with a strategic advisor, inked a deal with TiVo. TiVo users can now record shows from anywhere by clicking "Record On My TiVo DVR" from any episode listing in the Mee Vee guide. No need to be near a TV.
For more on MeeVee, which started out as an online video guide but has expanded to offer video services to businesses as well, you can see our previous story about the potential sale here, or hear CEO Michael Raneri give us his update on what's new with the company here.
Video search firm Pixsy, meanwhile, signed a partnership with online entertainment netwrok Liberated Films.
For more on Pixsy, go here for our interview with CEO Chase Norlin, who also shared some good entrepreneurial advice here.
Editor's Note: We encourage Vator.tv users to post a comment on their pitch when they want to alert us to news. That way it goes out immediately to the community.
The bill would require a report on how these industries use AI to valuate homes and underwrite loans
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