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Cloudera, Hortonworks Plan To Merge As $5.2B Cloud Data Platform

Xconomy

Cloudera and Hortonworks, two large, publicly traded companies that compete to offer Web-based data storage and analytics, announced plans today to merge into a combined entity they value at $5.2 The goal of the combined entity is to provide a leading data platform. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

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7 Steps Online Companies Can Take to Manage Sales Tax Exposure

Xconomy

Even though most services are usually not subject to sales tax, some states are now asserting that certain online services are taxable either as software, data processing, or information services, even if the type of service would not be taxable if delivered the old fashioned way – by people – rather than computing platforms.

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AI Chip Startup Mythic Reaps $40M from SoftBank, Lockheed Venture Arms

Xconomy

Mythic, based in both Redwood City, CA, and Austin, TX, is one of the upstart companies benefiting from a surge of investing in the chip-making field, where the growing computational demands due to the use of AI are creating an opening for young entrepreneurs with out-of-the-box ideas.