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AI Startup Sees Opportunity Forecasting Pandemic-Era Consumer Demand

Jan. 12, 2021 7:13 pm ET
Centricity Inc., a startup that uses artificial intelligence to help companies predict consumer demand for specific products in particular communities, is expected to raise $10 million in new venture-capital money this year.
The New York City-based company, one of many enterprise technology startups that have gained traction during the pandemic, uses AI algorithms to analyze some 2.5 billion data points’ worth of internet traffic a day to predict demand for products so that retailers can stock their shelves accordingly.
About 10 undisclosed companies in Europe, Canada and the U.S. are using Centricity’s software platform in sectors such as grocery, nonfood retail, apparel and consumer electronics, said Chief Executive Michael Brackett, who founded the company in late 2019. ....

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Palantir Had a Huge Run-up in 2020. Citi Says It's Time to Sell.

Palantir went public in September in a direct listing.
Michael Nagle/Bloomberg
Palantir Technologies
has had an impressive early run in the public markets, direct-listing on the New York Stock Exchange in late September at $10 a share and rallying as high as $33.50 before recently settling into the mid-to-high $20s. But at least one analyst thinks the stock is heading for a far tougher year in 2021.
Citigroup’s Tyler Radke on Wednesday cut his rating on Palantir (ticker: PLTR) to Sell from Neutral, while lifting his price target to $15 from $10. He thinks that after the huge rally since its direct listing, the stock is vulnerable heading into 2021 given a coming lockup expiration and likely growth deceleration. ....

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SolarWinds Hackers' Attack on Email Security Company Raises New Red Flags

Jan. 12, 2021 10:59 pm ET
A breach at email security provider Mimecast Inc. underscores that Russia-linked hackers appear to have targeted victims along multiple avenues of attack in what is shaping up to be one of the most successful cyber campaigns of U.S. government and corporate systems.
The attack potentially adds thousands of victims to the yearslong intelligence operation and likely aimed at gaining access to email systems, security experts say. Mimecast, in a Tuesday blog post, said the hackers were able to obtain a digital certificate used by the company to access its customersâ Microsoft 365 office productivity services.
The Mimecast hackers used tools and techniques that link them to the hackers who broke into Austin, Texas-based SolarWinds Corp., according to people familiar with the investigation. The link to the SolarWinds hackers was reported earlier by Reuters. ....

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IBM Simplifies Structure of Sales Team

IBM Simplifies Structure of Sales Team
Company wants to make it easier for customers to do business by reducing the number of groups it puts clients into to two from 50
The changes are part of a broader effort under CEO Arvind Krishna to boost growth.
Photo:
Andy Davis/ProductionManager for The Wall Street Journal
By
International Business Machines Corp. said it is restructuring its sales organization, streamlining how it classifies customers.
The new sales structure which cuts the number of customer groups to two from 50 is designed to make it easier to do business with the company,
Bridget van Kralingen, ....

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Shirley Young, Former GM Vice President, Dies at 85

Shanghai-born executive Ms. Young worked in market research and was on the boards of Salesforce.com and Bank of America. ....

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