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Online lender SoFi to go public with a $8.7 billion valuation

Social Finance, the online lender known as SoFi that gained popularity by refinancing student loans, agreed to go public by merging with a special purpose acquisition company in a transaction that values the upstart at around $8.7 billion. The deal between the 9-year-old San Francisco-based lender and Social Capital Hedosophia Holdings Corp. V, a blank-check […]

What’s wrong with “explainable A. I. ”

Why software vendors pushing “explainable A. I. ” may be kidding themselves—and their customers. Read More

In Jack Ma vs. the Chinese government, China wins

Ant Financial was set to be the biggest IPO in history last year, before founder Jack Ma’s criticism of the Chinese government in October angered the administration and derailed the offering altogether. Since then, Ma has been scrabbling together his olive branches in the hopes of getting back into regulators’ good graces. And on Wednesday, […]