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2 Results from 2022

Mindaugas Mikalajūnas

Mindaugas Mikalajūnas CEO at smeGo

5 things online sellers should consider before chasing venture capital

Coming up for three decades after Amazon was founded, there is still plenty of scope for new ecommerce brands — retail and B2B — to enter the market and build global scale businesses. In 2021 online retail sales alone accounted for $4.9 trillion worldwide, a total that is forecast to grow over 50% by the end of 2025. Even then, it will still only...

/startups /markets Digital Sales

Mindaugas Mikalajūnas

Mindaugas Mikalajūnas CEO at smeGo

It isn’t AI that’s biassed — it’s banks and VCs

AI has been getting a bad rap when it comes to possible bias. Amazon’s AI recruiting engine, ironically developed to eliminate possible human prejudice, appeared to be biassed against women. It downgraded resumés that contained words like “women” and the graduates of two all-women colleges. Google Photos’ algorithm apparently showed bias against ...

/payments /inclusion Small Business Lending Innovation

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