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Silicon Valley Investor Aims To Create Tech Hub In Maine

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The city can’t hope to compete in every way with heavy-hitters like Boston, Seattle, San Francisco and Silicon Valley, which captured nine out of 10 jobs between 2005 and 2017. The logic behind the institute is that innovators do their best work when they are surrounded by other innovators.

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Fed Exploring ‘Hypothetical’ Digital Currency

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In a speech delivered by webcast at the Federal Reserve Board and Federal Reserve Bank of San Francisco’s Innovation Office Hours, Fed Governor Lael Brainard said that the Federal Reserve Bank of Boston is working with researchers at MIT to “build and test a hypothetical digital currency oriented to central bank uses.”.

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DraftKings To Merge With Other Companies, Go Public

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Online betting company DraftKings is merging with two other companies and going public, according to a report by the Boston Business Journal. Jason Robins, the co-founder and CEO of DraftKings, is going to run the new company, which will be incorporated in Nevada and keep its headquarters in Boston.

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DraftKings To Merge, IPO At A $3.3B Market Value

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Online betting company DraftKings is merging with two other companies and going public, according to a report by the Boston Business Journal. Jason Robins, the co-founder and CEO of DraftKings, is going to run the new company, which will be incorporated in Nevada and keep its headquarters in Boston.

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Uber Eats Updates Its App To Pay Tab While Dining In

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The dine-in payment feature will launch in Atlanta, Boston, Chicago, Indianapolis, Philadelphia, New York City, Vermont, and Washington, D.C. The San Francisco-based company's app update comes as people rely on food delivery platforms to reduce face-to-face contact with people amid the pandemic.

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Car Marketplace CarGurus Has Acquired Autolist

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CarGurus, an auto marketplace based in Boston, has acquired car shopping platform startup Autolist, according to reports. Autolist is based in San Francisco, and the terms of the deal were not revealed. CarGurus is a successful company that went public in 2017, and it’s going to keep Autolist as its own brand and website.

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Rinse Clothing Service Raises $14M To Expand To Boston, Chicago And Beyond

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Rinse has a solution for both, and thanks to a $14 million Series B funding round led by Partech, it’s taking that solution to two new cities: Boston and Chicago. Rinse currently serves its home base of San Francisco as well as Los Angeles and Washington, D.C. The solution is simple, but that doesn’t mean it was easy.

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