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Daily Crunch: Major tech firms partner with Linux Foundation to support open map data development

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Summary

Major tech companies have partnered with the Linux Foundation to form the Overture Maps Foundation in order to develop open map data to compete with Google's map dominance. In other news, a no-code configuration tool called Sweep has raised $28 million to give companies more control of their own data. Meanwhile, Spotify is planning to monetize its open source Backstage project and startups are expecting a good year for venture and private equity. Zipline is now the national drone service provider for Rwanda, while Mews has raised $185 million for its SaaS-based hotel management platform. Coinbase created an asset recovery tool for unsupported Ethereum-based tokens, and PayPal and MetaMask are uniting to make it easier to buy crypto. Microsoft-owned GitHub is now offering its secret scanning service for free.

Q&As

What is the Overture Maps Foundation?
The Overture Maps Foundation is a partnership between Meta, Microsoft, AWS, TomTom, and the Linux Foundation to develop interoperable open map data and reduce Google's map dominance.

What does the no-code config tool Sweep do?
The no-code config tool Sweep makes the data in Salesforce more usable.

What does Spotify plan to do with its open source Backstage project?
Spotify is planning to monetize its open source Backstage project via premium plugins.

How is Dakotah Rice, founder of Poolit, feeling about the venture capital market in 2023?
Dakotah Rice, founder of Poolit, is feeling optimistic about the venture capital market in 2023.

What did Angelina Liparteliani find in her analysis of Instagram Reels, Feed Posts, and Stories?
Angelina Liparteliani found that she was able to reduce cost-per-click from $1.51 to 17 cents in her analysis of Instagram Reels, Feed Posts, and Stories.

AI Comments

👍 This article is a great resource for anyone who wants to stay informed about the latest developments in the tech industry. It's packed with interesting stories and provides valuable insights into the industry.

👎 The article is long and tedious, with a lot of details that could have been condensed. Additionally, some of the story summaries are too vague and don't provide much insight.

AI Discussion

Me: It's about how major tech companies have partnered with the Linux Foundation to develop open map data and reduce Google’s map dominance. It also talks about how startups and venture capitalists are preparing for 2023 and the investment opportunities that will come with it. Plus, it touches on other topics like Salesforce and Spotify's monetization of its open source Backstage project.

Friend: That's interesting. What are the implications of this article?

Me: Well, this article shows that tech companies are actively investing in open source, which could lead to increased innovation and collaboration in the industry. Additionally, it suggests that in the coming year, venture capitalists and private equity firms will be looking for opportunities to invest in new companies and projects, especially in African markets. Finally, it highlights the importance of understanding the different ad placements on Instagram and the cost-effectiveness of each in order to get the most out of your marketing budget.

Action items

Research the Overture Maps Foundation and its mission to develop interoperable open map data.
Explore the different ad products available on Instagram and analyze their cost-effectiveness.
Investigate the various crypto-related services offered by PayPal and MetaMask.

Technical terms

Linux Foundation: A nonprofit organization dedicated to promoting, protecting, and advancing the Linux operating system and collaborative software development.
Overture Maps Foundation: A group of companies, including Meta, Microsoft, AWS and TomTom, that have partnered with the Linux Foundation to develop interoperable open map data and reduce Google’s map dominance.
No-code config tool: A tool that can make the data in Salesforce more usable without the need for coding.
Backstage project: An open source project from Spotify that is designed to help developers build and manage their own plugins.
Venture capital: Money provided by investors to startup companies and small businesses with perceived long-term growth potential.
Private equity: Money invested in a company that is not publicly traded on a stock exchange.
SaaS-based hotel management platform: A software-as-a-service platform that helps hotels manage their operations.
SPV platform: A special purpose vehicle platform that allows companies to invest in venture capital and private equity funds.
D2C brands: Direct-to-consumer brands that sell products directly to customers.
Instagram Reels, Feed Posts and Stories: Different types of ad placements on Instagram that can be used to reach customers.
ERC-20 tokens: Ethereum-based tokens that are not supported by Coinbase.