Insurance startup Bright Health raises $200M at ~$950M valuation

A flurry of digital-first insurers are betting they can surpass industry incumbents with a little help from technology and a lot of help from venture capitalists. The latest to land a massive check is Bright Health, a Minneapolis-headquartered provider of affordable individual, family and Medicare Advantage healthcare plans in Alabama, Arizona, Colorado, New York…

Continue reading

The highest-flying consumer tech stocks have lost $1 trillion

Another day, another stock market setback for once high-flying technology companies, which have lost roughly $1 trillion in the latest stock market slide. Shares of the core group of consumer technology companies, including Facebook, Amazon, Apple, Alphabet and Netflix, are falling again — contributing to the big indexes like the Dow…

Continue reading

Google gobbling DeepMinds health app might be the trust shock we need

DeepMind’s health app being gobbled by parent Google is both unsurprising and deeply shocking. First thoughts should not be allowed to gloss over what is really a gut punch. It’s unsurprising because the AI galaxy brains at DeepMind always looked like unlikely candidates for the quotidian, margins-focused business of selling and…

Continue reading