What's new at ACME this month?
 01
 A ROUNDUP OF THE LATEST NEWS FROM ACME AND OUR PORTFOLIO
DraftKings Makes Public Debut
DraftKings (NASDAQ: DKNG) completed its reverse merger with special-purpose acquisition company Diamond Eagle Acquisition Corp. and SBTech, an international provider of cutting-edge sports gaming technologies. The business combination makes DraftKings the only vertically integrated pure-play sports betting and online gaming company in the United States.

“I look forward to building significantly upon our goals of continuing our state-by-state rollout and creating the most entertaining and engaging customer experiences for sports fans globally." - Jason Robins, CEO, DraftKings, Bloomberg 

Robinhood raised a Series F funding round at a $8.3 billion valuation. The company reports it has added 3 million funded accounts since the start of the year, while its daily trading volume for March was three times higher than its fourth quarter average. 

"The purpose of the capital raise is to enable us to have flexibility and be strategic, and continue to invest in the platform… We envision that over the next few years, Robinhood will expand globally and continue rolling out more products."
- Vlad Tenev, CEO, Robinhood, Fortune

IonQ CEO Peter Chapman outlined how quantum computing will change the future of AI and the wide ranging applications of the technology - from cryptography and optimization to machine learning and materials science.

"There’s so much to be to be done in a quantum. From education at one end all the way to the quantum computer itself.  We at IonQ are just focused on producing the world’s best quantum computer.                                                               
-Peter Chapman, CEO, IonQ,
Venture Beat

Replika, whose app was originally designed as a therapy chatbot, has seen a change in user behavior as people seek digital connection amidst the COVID-19 quarantine. Roughly 40% of Replika’s regular monthly users now say that they see their app, which uses text-generating algorithms to create humanlike and empathetic responses, as a romantic partner. The Wall Street Journal

Airbnb launched Online Experiences to bring people together during COVID-19 and to ensure hosts are still able to make money while quarantined. For prices starting at $5 an hour, people can access virtual experiences via Zoom across a range of one-of-a kind artistic, cultural, musical, culinary or athletic topics - from Zumba with an Olympian to “Dance Like a K-pop Star” with a host in South Korea to “Moroccan Cooking” with a family in Marrakesh. Fast Company

 

Uber led a $170 million investment round in electric scooter and bike rental company Lime. Under the deal, Uber will transfer its own electric bike and scooter division called Jump to Lime and the companies will further integrate their apps. CNBC


 
02
Food for Thought
THINGS THAT MAKE US THINK, MATTERS OF DEBATE, EXISTENTIAL INSPIRATION
“After 60 Years, Explosion-Powered Rockets Are Nearly Here”
Wired

"What happens when AI stops playing games?"
The Verge

"COVID-19 is creating a new regulatory minefield for startups"
Marker

 03
Just for Fun
HOW WE ARE STAYING SANE & HEALTHY...
  • Daily workouts
  • Running and hiking
  • Zoom meetings outside
  • Zoom happy hour
  • Card games
  • Virtual poker nights with friends
  • Walks to nearby parks
  • Cooking
  • Meditation
  • COVID-19 response volunteer work 
  • Jump rope competitions
  • Third grade science projects
  • Cleaning and re-organizing
  • More intentional time spent with loved ones
  • Separating work from family schedule 
  • Strobe light dance parties on the trampoline
  • Bike rides through the city or Peloton/virtual bike rides at home


         

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