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Stepping Into 21st Century Hospitality With Apartments And Technology

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Some entrepreneurs are inspired to start companies because they spot unmet needs in the market: Frontdesk Co-Founder and Chief Growth Officer Jesse DePinto, for instance, saw the amateur nature of home shares but the opportunity for something better than a hotel. The Market.

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Vroom eCommerce Sales Platform Raises $254M

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Vroom said it will use the capital to invest in expanding its workforce, technology, operations and marketing, as well as products. The company opened an engineering port in Detroit this year. The Detroit office will be pivotal to the company’s future plans.

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Vroom Shifts IPO Into High Gear; Looks To Raise $468M

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One of the sources in the report said that the company’s shares are forecasted to commence trading on the Nasdaq Global Select Market under the VRM ticker symbol on Tuesday (June 9). Vroom had previously said it would use the funding to grow its workforce, operations, marketing and technology in addition to products.

Detroit 131
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Reinventing The Baby Care Market With Exclusive ‘Premium’ Brands

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“It is the accessibility center — we grew up in Detroit and have family in Ohio and Oregon,” Bell told WWD. The brand’s products also purportedly come with some unique features: Its diapers are said to have “proprietary spherical absorbent technology that can absorb over 50 times its weight in fluid.” The Market For Premium Brands.

Branding 129
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Ford Creates New Self-Driving Car Unit; To Invest $4B

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In a press release , the Detroit car maker said the new unit will also be charged with accelerating the autonomous vehicle (AV) business so that Ford can capitalize on market opportunities. Team Edison will continue to report to Jim Farley, executive vice president and president of global markets.

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Auto Sales Race Toward A New Retail Future

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The online marketplace company aims to eventually use AI technology on descriptions, so that a user could give basic details and the AI would flesh out the rest. Vroom said it will use the capital to invest in expanding its workforce, technology, operations and marketing, as well as products. More Funding.

Retail 131
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NEW REPORT: Post-Hurricane, CUs Provide Some Calm After The Storm

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Credit unions (CUs) might operate as nonprofits, but just like a traditional bank or any other for-profit business, they still need customers — or in this case, members — to thrive. Thankfully, at least one CU is turning to the alternatives: artificial intelligence (AI) and machine learning (ML) technologies.

Detroit 122