Hot off the press: "The State of OKRs - Global Enterprise Report"

#1 | Casper has joined the unicorn club after their latest round of funding

Online mattress retailer Casper Sleep Inc. has raised a $100 million in funding at a $1.1 billion valuation. The latest cash infusion will help the company to expand in Asia and open more brick-and-mortar stores. Casper reported that it has already surpassed $400 million in revenue in 2018 with a strong performance in the U.S., U.K., Germany, Canada, Switzerland, and Austria. Despite the success, Casper’s CEO Philip Krim downplayed the reports that the company is seeking to hire IPO underwriters. The growth of the online mattress industry has been especially damaging for traditional businesses like Mattress Firm Inc. that was forced to close multiple physical stores. Read more here: https://bloom.bg/2uArIsO  http://https://tcrn.ch/2U538PS

#2 | AT&T CEO envisages a world without phones

AT&T CEO Randall Stephenson says that phones have no fundamental value and that it’s realistic to expect “a world without screens, a world where [glasses are] your screen”. He envisages a world where storage and computing are done on the powerful 5G networks that his industry is creating. And yet, there are many obstacles on that road. People would be reluctant to constantly wear AR tech on their faces while 5G network failures might exhaust their patience. The benefits of immersive technology controlled by voice and gesture are numerous, but our comfort and patience might be the main hurdles. Read more here:   https://cnet.co/2FJZjqJ

#3 | UPS to transport medical samples using drones

Thanks to a partnership with drone startup Matternet, UPS will start using drones to deliver medical samples to WakeMed’s hospital in Raleigh, N.C. The process will consist of a medical professional loading an unmanned aerial vehicle with a sample, and the drone will then fly along a predetermined route to a specified location near the central pathology lab. The two companies hope this project will provide insights needed to scale up the initiative to other hospitals throughout the U.S. Also, Matternet raised $16 million in funding last year and has significantly expanded its operations in Switzerland. Read more here:    https://tcrn.ch/2TGngTx http://bit.ly/2V1IWet

#4 | McDonald’s invests big in AI technology

McDonald’s recently announced it will acquire Dynamic Yield, an AI company, for $300 million in a bid to provide a more personalized experience to its customers. The food giant was already testing this technology in several U.S. restaurants in 2018 and will continue the roll out this year as well. The acquisition of Dynamic Yield is the latest move by McDonald’s in using tech to improve its bottom line following the deployment of several tech features such as an app, digital menus, and mobile order. Steve Easterbrook, the CEO of McDonald’s, hopes that AI can help the company to cut down waste and better understand customer tastes. Read more here: http://bit.ly/2CLoN52  http://bit.ly/2JPxZvp

#5 | WhatsApp plans to flag viral messages

WhatsApp is testing a new feature to combat the spread of fake news. The popular messaging service might soon start adding a “frequently forwarded” label to messages that have been forwarded multiple times. The idea is to encourage users to question the accuracy of viral links and confirm the information from multiple sources. Yet, many users are not prone to taking extra steps to verify the news and the latest feature might not be sufficient to tackle the issue of fake news. But if WhatsApp plans to roll out additional measures and continue tackling the misinformation problem on its platform, then the new label is a step in the right direction. Read more here:  http://bit.ly/2Wy2x6h  http://bit.ly/2FHDZ51







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