Congress slated to vote on net neutrality repeal
Today, the Federal Communications Commission will vote on whether or not to repeal net neutrality regulations. It seems likely that the vote will pass, as FCC Chairman Ajit Pai has expressed overwhelming enthusiasm for net neutrality’s repeal. Still, individuals and tech companies alike (including many here in New York City) are aggressively campaigning to uphold current regulations, and for the Senate to establish new legislation that would protect the internet in the long-term. [Built In NYC]
New York City might soon be monitoring algorithms for 'fairness'
The Big Apple’s city council has just approved a bill that would require all algorithms used by city agencies to be examined by a specialized task force, and assessed for fairness. The task force will have 18 months to compile and analyze this data, before offering up solutions on how the city can improve its public-facing technology. The bill is likely to pass, as it simply requires a signature from Mayor de Blasio to go into effect. [TechCrunch]
Cornell inaugurates its new Tata Innovation Center and celebrates a $50M investment
Though you may think of Cornell as being tucked away in the mountains and trees of upstate New York, the Ivy League school just deepened its footprint on the NYC tech scene with the grand unveiling of its Tata Innovation Center: a hub for academics, community members, and local tech companies to come together. The futuristic facility was made possible by a generous $50 million donation from Tata Consultancy Services, an NYC-based IT firm. [Built In NYC]
Bizzabo scores $15M to make the next great networking event
Sometimes, working in the tech world can be all about who you know. Fortunately, Bizzabo wants to help you expand your professional network with its tools that help businesses plan successful networking events. Bizzabo’s product not only helps companies sell tickets, but helps track attendance and measure ROI — something both marketers and employees alike can cheer about. [Built In NYC]
In the world of political ads, this software can help separate fact from fiction
Marketing firm DeepIntent is launching a new feature that will affect all political ads displayed on its platforms — which notably include Fox News and The New York Times. DeepIntent’s “Verified Ads” strategy will analyze all political ads and allows readers to view the source of that ad. What’s more, those who are submitting ads will be vetted and must prove their identity for the ad to run. The firm hopes that introducing this level of transparency will prevent the spread of misinformation, particularly during emotionally-fueled election seasons. [Press Release]
Moda Operandi, the premier online hub for designer fashion, raises $165M
For Moda Operandi, ‘tis the season for cashmere, Gucci, and a massive investment from Hong Kong-based Adrian Cheng. The e-commerce company’s Series F round is also its largest to date, and brings the fashion site’s total funding to $293 million. With that much money, you could almost afford to buy something from Moda’s sale section. [Built In NYC]
