Innovative banks and fintech companies are disrupting the traditional one-stop banking model; a 2016 report from Accenture says bank customers are purchasing low margin products but looking elsewhere for brokerage accounts, auto loans and home mortgages; in 2016 nonbank mortgage lenders reported a significant milestone with 51.4% of the market's loan issuance an increase from 9% in all of 2009; as the trend continues, banks will have to increasingly monitor customer activity and offer new products that match nonbank competition. Source
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CB Insights reports on artificial intelligence (AI) startups that have been acquired since 2012; top acquirers include Google, Apple, Facebook and Intel; 200 AI companies have been acquired since 2012 and the first quarter of 2017 reported 34 AI acquisitions including the largest deal from Ford which acquired Argo AI for $1 billion. Source
CB Insights has analyzed 1,098 startups which raised capital from 2008 to 2010; only 46% followed with a second funding round and 14% achieved a fourth round of funding; only 10 companies or 0.91% achieved unicorn status with a valuation of $1 billion and approximately 70% of the startups have failed. Source