Gm. Happy September everyone. I love this month. Labor Day Weekend. Hot but not too hot. Football is back. The NBA is drawing closer. What is there not to like?

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IBMโ€™s Broken Promise

.Three years ago, IBM promised to no longer offer, develop, or research facial recognition technology.

The reasoning behind the decision was simple: they did not want to contribute to a technology that could be used for mass surveillance, racial profiling, or human rights violations.

But now that promise appears to have gone out the window.

A New Government Contract

Last month, IBM signed a $69.8 million contract with the British government to develop a biometrics program for their immigration and law enforcement officials.

And facial recognition is part of this program. Specifically, a tool that will enable the authorities to match photos of people with images stored on a database, which is known as a โ€œone-to-manyโ€ matching system.

AKA, the exact system IBM previously said would โ€œmost likely be used for mass surveillance, racial profiling, or other violations of human rightsโ€.

Inconsistent Pushback

IBM wasnโ€™t the only company that declared they were done with facial recognition technologies. Amazon and Microsoft made the same pledge, and so far theyโ€™ve stuck to it.

But tech isnโ€™t unified in their opposition to facial recognition technology. X just revealed that they are now collecting biometric data and Sam Altmanโ€™s Worldcoin is infamous for their storage of the same data.

It is clear thereโ€™s a fight for the future of our biometric privacy.

Itโ€™ll be very interesting to see which side comes out on top.

The Big Picture: We love technology here, but we have to continue to fight for our personal privacy as technology advances.

Robinhood For Private Markets

Instacart just filed for IPO at a $24 billion valuation. Thatโ€™s $0 to $24 billion of wealth creation that exclusively happened in the private markets.

The top blue-chip startups like Stripe, SpaceX, OpenAI, OpenAI, and Databricks have created hundreds of billions in value in the private markets that are nearly impossible to access for non-institutional investors.

Sandhill Markets opens these doors - bringing institutional pre-IPO deals to individual investors.

This is a โ€œRobinhood for Private Marketsโ€ with the Top 25 pre-IPO blue chips โ€“ Stripe, OpenAI, SpaceX, Instacart, Epic, Databricks, Rippling, Anduril and Neuralink. Backed by top investors like a16z, Floodgate, Matrix.

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What else is going on?

Stat: $1 Billion: How much revenue OpenAI is on pace to reach over the next year.

Rabbit hole: VPN Relationship Map (Windscribe)

๐Ÿค‘ FUNDING FRIDAY

If you want a boring list of startup raises, look away now. If you want the 3 coolest raises of the week, then youโ€™ve come to the right place.

๐ŸŽ FINAL JEOPARDY!

This Final Jeopardy! question stumped every contestant. Can you get it right?

Category: Hymns

Clue: A Christian hymn and a Jewish holiday hymn are both titled this, also the name of a 2009 Tony-nominated musical.

๐Ÿ› ๏ธ FOUNDERS CORNER

The best resources we recently came across that will help you become a better founder, builder, or investor.

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๐Ÿ’‰ DOPAMINE HIT

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Good Ol Hinge #fyp #hinge

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FINAL JEOPARDY! ANSWER

Rock of Ages

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