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Miferia wants to expand its wholesale inventory marketplace across Latin America

Miferia, a Mexico-based business-to-business wholesale marketplace, bagged $7 million in seed funding to continue developing its curated website connecting independent retailers in Mexico with domestic brands in categories like cosmetics, food and beverage and home décor. Over 90% of retail in Mexico,  still takes place in just 2 million physical stores, and less than 1% of B2B transactions have moved online and are largely still dependent on cash transactions, which often requires retailers to pay upfront for merchandise.

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Geopagos, an Argentinian Payment Infrastructure Company, Raises US$35M

August 11, 2022

Geopagos, an Argentinian technology startup whose clients are companies that want to launch or scale their payment acceptance business, announced the closing of a US$35 million round led by Riverwood Capital. Geopagos offers businesses,  different products related to payment acceptance, ranging from terminals to convert the mobile phone into a point of sale to the transformation of a company’s website into an e-commerce platform. Geopagos has clients across 15 Latin American countries, including Santander, BBVA, Itaú, Bac Credomatic, Niubiz, and Banco Estado de Chile.

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Meta Releases Lying, Offensive AI and Pretends to Be Surprised

November 23, 2022

Like trouble, bad behavior by Meta shows up whether you look for it or not.  The latest is an open-source language model that was supposed to provide reliable search results because it was trained on academic papers.  Alas, it was quickly withdrawn after reviewers found that it returned results that were grammatical and plausible but also incorrect, not to mention filled with “antisemitism, homophobia, and misogyny.”  How can this be a surprise?

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