Menswear styling tech startup Thread raises $22m October 16, 2018 Fast fashion startup Thread will today announce the close of its series B funding round at $22m (£16.7m), which includes backing from Balderton Capital, Beringea and H&M’s investment arm H&M Co:Lab. The round will also be complemented by a crowdfunding raise on Crowdcube later this year, providing everyday investors access to shares in Thread on [...]
Companies sign up to government’s 13-point plan to keep internet devices safe October 15, 2018 Centrica Hive and HP have become the first companies to sign up to new government guidelines designed to keep internet-enabled devices safe from hackers. The 13-point list asks manufacturers to ensure that personal data is protected and software kept up to date. Read more: Munich Re buys internet of things company Relayr in $300m dea [...]
With Amazon’s ‘sexist’ algorithm under fire, will AI ever be able to be an unbiased decision-maker? October 15, 2018 With Amazon’s ‘sexist’ algorithm under fire, will AI ever be able to be an unbiased decision-maker? Daniel Gilbert, founder and chief executive of Brainlabs, says YES. Some artificial intelligence (AI) will continue to use biased data; there’s a lot of it out there. But both the innovators in this space and regulation in AI ethics [...]
In the new age of cyber warfare, finance firms are on the front line October 15, 2018 Throughout history, the job of the nation state has been to protect citizens from a range of threats, be that disease, famine, or foreign invasion. In an analogue world, these threats were physical in nature and, as a result, mostly localised. The threat landscape is radically different in a connected, digital world. Critical infrastructures, from smart [...]
Why technology won’t transform every brand’s Fashion Week October 15, 2018 Now that this year’s Fashion Weeks in London, Milan, New York, and Paris have all come to a close, many people are questioning the role of a runway show in today’s age, and whether it could be brought into the twenty-first century. Some brands are embracing the latest technology to satisfy modern consumer demands by making [...]
Google and Atos team up to open government-backed London AI lab October 15, 2018 Google's Cloud division and digital transformation firm Atos have today launched their first artificial intelligence (AI) innovation lab, in a move backed by UK ministers. Atos said the London AI lab will bring together experts from across public and private sectors to collaborate on innovation initiatives, with the solutions built there to be made available [...]
It’s Google versus Facebook in the fight for video dominance October 15, 2018 There’s a battle brewing online. In search of more views, users, and lucrative ad money, Facebook wants to take on Google and steal YouTube’s crown as the dominant video platform. The social media giant is fighting on two fronts. It launched its first assault last year with Facebook Watch, a platform effectively identical to [...]
US flexible working startup Knotel shrugs off Brexit as it opens three new London offices October 12, 2018 US flexible working office space provider Knotel has today revealed it has signed three new central London properties into its portfolio, as it seeks to take advantage of Brexit in cementing its UK expansion. The new offices include a 7,480 sq. ft space across two floors on Great Titchfield Street in Oxford Circus, an 8,395 [...]
Tencent delays its $2bn US stock listing due to soured market October 12, 2018 Tencent Music Entertainment has delayed its listing on the New York Stock Exchange until November at the earliest, as sources told Reuters it would rather wait until global markets have stabilised. The initial public offering (IPO) had been planned for as early as next week, which was set to raise at least $2bn (£1.5bn). "Given the [...]
Richard Branson pulls out of $1bn investment talks with Saudi Arabia over missing journalist October 12, 2018 Virgin's Richard Branson said he had scrapped talks with Saudi Arabia's Public Investment Fund about a $1bn (£755m) investment into its space ventures late last night, in light of the disappearance of a prominent Washington Post journalist. "What has reportedly happened in Turkey around the disappearance of journalist Jamal Khashoggi, if proved true, would clearly change [...]