Category Archives: Tech News

This tiny UV camera will show if you've missed any areas with sunscreen

This tiny UV camera has been designed to help you figure out where you need more protection with your sunscreen.

It shows areas you’ve missed as white and the areas where sunscreen has been applied as black. It means if you’ve missed a spot you can check and re-apply.

It can be pre-ordered for this summer on the company’s website for around £93.

Produced by Leon Siciliano

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UK startup Huddle reportedly needs to find either $5 million or a buyer

Alastair Mitchell and Andy McLoughlin of Huddle

Enterprise software firm Huddle urgently needs to find at least $5 million (£4 million) or a buyer to keep its bank happy, according to a Companies House filing that was first spotted by Computer Weekly.

Huddle has until April 30 to explain to its bank how it will raise at least $5 million in equity. It needs the money to ensure it can meet its financial obligations over the next 12 months.

“If the covenant is not met, the group would not have adequate cash resources to continue to pay liabilities as they fall due for at least the next 12 months,” the filing reads.

“Management is confident they will meet the covenant requirements, however this represents a material uncertainty which may significantly cast doubt about the company’s ability to continue as a going concern.”

Huddle was cofounded in London in 2006 by Andy McLoughlin and Alastair Mitchell, who was also the company’s CEO. The company has raised $89.2 million (£70 million) for its content collaboration platform. It was called out by UK government agency Tech City UK as one of the UK’s most promising startups in 2013 when it was selected to be part of its Future Fifty cohort.

Huddle VP Tim Deluca Smith said there was no need to be concerned about the impending deadline presented in the filing.

“As we are coming to the end of a funding cycle, our annual [Companies House] filing requires us to disclose how we are expecting to bridge our funding requirements going forward,” he reportedly told Computer Weekly. “This is very normal. We are a venture capital (VC)-backed company and, like any other, we require funding until either we break even or the business is acquired.”

Mitchell stepped down as CEO in January 2015 and made way for Morten Brøgger, a veteran tech exec whose past roles included CEO of Mach, which he helped sell to Syniverse for $715 million (£557 million) in 2012.

Huddle did not immediately respond to Business Insider’s request for comment.

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NOW WATCH: Treadmills were originally used as torture devices for prisoners

Microsoft Office 2010
Polycom Cx5000 Unified Conference Station For Microsoft Lync (Amazon) Amazon Logo

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Go! With Microsoft Office 2010, Vol. 1, And Student Videos (Amazon) Amazon Logo

$128.49



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Microsoft Office Home & Student 2010 - 3pc/1user [download] (Amazon) Amazon Logo

$124.99

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Steve Wozniak tells us one of his favorite stories about Steve Jobs

Long before Steve Jobs and Steve Wozniak founded Apple in a Silicon Valley garage, they were friends. During a recent interview with Business Insider, Steve Wozniak revealed how they bonded over the music of Bob Dylan early in their friendship.

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Oracle plans ‘startup organization’ focused on cloud computing, AI, and VR

Oracle is hiring people for a “new startup organization” inside its North America operation that will focus on key technology trends, including cloud computing, internet of things, artificial Intelligence, and augmented and virtual reality.

The Solution Engineering organization the company is setting up will consist of Solution Engineering Centers in Reston, Va., and Denver.

The database and enterprise software company has previously indicated its interest in investing in some of these technology areas like machine learning and analytics.

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Rooby language unites Go, Ruby

The Go and Ruby languages are partnered in the Rooby language intended for efficient development of microservices.

The object-oriented language has Ruby’s syntax and is written in Go. It’s for developing microservices that should be performant and easy to write. But the language does not constitute a Ruby upgrade. “Having full support of Ruby’s [features] will be a huge effort and that would be a wrong way to go,” according to the language’s documentation.

Rooby’s developers also say that the language “can’t be syntactic sugar over Go because we are building an abstraction layer upon it, not forking Go and modifying its parser. So we certainly need to keep [improving] our implementation to make it as performant as possible.” To make Rooby performant, plans call for building a server library using Go’s net/http package. Rooby can be compiled into bytecode and evaluate bytecode directly. Currently, its parser is handcrafted and will have limitations.

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Investors backed an AI startup that puts a doctor on your smartphone with $60 million

dr ali parsa babylon health

UK artificial intelligence (AI) startup Babylon has raised $60 million (£47 million) for its smartphone app which aims to put a doctor in your pocket.

The latest funding round, which comes just over a year after the startup’s last fundraise, means that the three-year-old London startup now has a valuation in excess of $200 million (£156 million), according to The Financial Times.

Babylon’s app has been downloaded over a million times and it allows people to ask a chatbot a series of questions about their condition without having to visit a GP. The medical chatbot provides feedback on the patient’s symptoms and recommends a paid-for video call with a human doctor when the occasion calls. One-off calls with a doctor start at £25, while calls with a specialist cost more. Alternatively, Babylon users can pay £5 a month for a subscription to the service.

“The new funding will be used to accelerate the development of our technology and expanding geographically,” Ali Parsa, founder and CEO of Babylon, told Business Insider. “Our focus will be in deepening our machine intelligence and broadening the expansion of Babylon across new geographies.”

Babylon, which employs around 170 people, said in a press release that it wants to build the world’s most advanced AI platform in healthcare, support medical diagnosis, and predict personalised health outcomes globally.

“Cutting edge artificial intelligence together with ever increasing advances in medicine means that the promise of global good health is nearer than most people realise,” said Parsa in a statement.

“Babylon scientists predict that we will shortly be able to diagnose and foresee personal health issues better than doctors, but this is about machines and medics co-operating not competing. Doctors do a lot more than diagnosis: artificial intelligence will be a tool that will allow doctors and health care professionals to become more accessible and affordable for everyone on earth. It will allow them to focus on the things that humans will be best at for a long time to come.”

Last January, Babylon raised $25 million (£19.5 million) from a range of investors, including DeepMind cofounders Demis Hassabis and Mustafa Suleyman. That round valued the company at over $100 million (£78 million), according to The Financial Times.

The latest funding round reportedly includes Egyptian billionaire business family, the Sawiris, as well as several other new investors.

The company teamed up with the NHS in January on a trial project that saw its AI doctor used to power the NHS 111 app, which is available to over a million north London residents. The partnership means that Londoners will be able to type their symptoms into an app instead of calling a human to describe their health problems over a phone. The app will then provide advice to the person on what to do next.

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NOW WATCH: I won’t trade in my iPhone for a Samsung Galaxy S8 — here’s why

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10 things in tech you need to know today (AAPL, SNAP, GOOG)

larry page

Good morning! Here is the tech news you need to know this Tuesday.

1. Larry Page’s flying car will be available to buy before the end of the year. The car is made by a company called Kitty Hawk, which has received funding from Page.

2. London delivery startup Doddle is closing most of its stores after burning through tens of millions of pounds. The company is laying off more than 100 people as it pivots its business model.

3. Snapchat maker Snap Inc. is saying “Hallo” to media outlets in Germany with the launch of its Discover section in the country. Bild, Spiegel Online, Sky Sport, and Vice will begin publishing content in German on Snapchat starting April 25, a Snap spokesperson told Business Insider.

4. Amazon has quietly formed a team to explore how it can best use driverless technology to deliver packages. The Wall Street Journal first reported the news.

5. Fling’s founder has incorporated a new music streaming startup after burning through $21 million (£16 million). The company is called Gig FM.

6. Photos of an iPhone 8 dummy model have been leaked that suggest a big update is on the way. The photos were initially published on Twitter.

7. Wikipedia cofounder Jimmy Wales is launching a community-powered news site. The site, called Wikitribune, will aim to combat fake news and mistrust of the media.

8. LoveCrafts, the UK-headquartered marketplace for craft products, has raised £26 million in new funding. The money comes from Scottish Equity Partners, as well as previous investors Balderton Capital and Highland Europe.

9. Payments company Square has acquired the engineering team behind Yik Yak for less than $3 million (£2.4 million). That’s according to a new report form Bloomberg, citing sources.

10. A bureaucratic mistake has revealed Apple’s secret team of self-driving car experts. An Apple filing obtained by Business Insider on Friday through a public records request contained the names of six individuals that Apple names as the official “driver/operators” of these driverless vehicles.

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NOW WATCH: I won’t trade in my iPhone for a Samsung Galaxy S8 — here’s why

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Crunch Report | Uber Responds to iPhone Tracking Report

Crunch Report April 24 Today’s Stories  Uber responds to report that it tracked devices after its app was deleted LinkedIn hits 500M member milestone for its social network for the working world Amazon’s driverless tech team focuses not on building it, but on how to use it DJI’s new FPV goggles let you control your drone with head movements The NYT brings its news – and a mini crossword… Read More

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Oracle is building a 'transformational' startup inside the company (ORCL)

Larry Ellison

Oracle doesn’t want to be accused of missing the boat when it comes to the next wave of tech.

It is launching two new Solution Engineering Centers where it plans to build out all kinds of cutting new technology, such as “artificial intelligence, augmented and virtual reality and many other exciting technology trends that interest us all,” according to an employment ad first spotted by Bloomberg’s Brian Womack.

The company calls this plan a “startup inside Oracle.”

The centers will be in located in Reston, Virginia and Denver, Colorado, the ad says and will involve, “a unique and rare opportunity to join the ground floor of building a truly transformational organization inside Oracle North America.”

And it’s looking for people now, including directors of each center.

The unit will apparently build custom cloud apps and work on other new-age tech for Oracle customers, the ads imply. For instance, engineers might build virtual reality apps for the resort industry, artificial intelligence apps for the retail industry and so on.

Oracle is best known for its popular database and enterprise software that helps companies do everything from run their finances, to manage suppliers to market their wares. But companies are increasingly not buying software the old-fashioned way and installing it in their own data centers. They are renting it all from cloud computing vendors. 

Oracle has its own cloud but it came later to the game and is now trying to play catch up, even as Amazon is deliberately trying to pick off Oracle’s customers for itself.

In the meantime, Facebook is working on a post-smartphone world; artificial intelligence is the next big thing in software; and Amazon Alexa, Google Now and Microsoft Cortana are already crushing it with voice commands.

Oracle has been exploring how to bring some of this new tech to the business world. For instance, last September chairman and CTO Larry Ellison demonstrated how to use Oracle’s chat bot to order business cards. 

The company is now trying to step up its game, and nab talent. 

SEE ALSO: This quote perfectly sums up why Oracle should be terrified of Amazon

SEE ALSO: These brothers just sold their company to Oracle for $850 million, and they have their fingers in dozens of other companies

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A Warren Buffett-backed insurance tech company is going to help 'uninsurable' diabetics in the UK

Diabetes educator Cornelia Cristofor teaches how to perform a blood sugar test at the Nicolae Paulescu National Institute for Diabetes, Nutrition and Metabolic Diseases in Bucharest, November 13, 2012. Diabetes patients are instructed how to carry out blood sugar tests and how to self administrate insulin. November 14 is World Diabetes Day.

LONDON — A South African insurance technology company supported by Warren Buffett’s Berkshire Hathaway is launching a life insurance product for diabetics in the UK.

AllLife has partnered with Royal London, the UK’s largest mutual insurer, to offer a new product to diabetics previously regarded as “uninsurable” because of their condition.

AllLife uses an algorithmic pricing platform called Kaliber to deliver a cost-effective life insurance product.

CEO and founder Ross Beerman told Business Insider earlier this year: “The term now is robo-underwriting but it’s using tech that pulls a vast amount of medical information and puts it through a decision tree process that allows us to automated most of the stuff that life insurance companies are doing manually.”

Kaliber also allows AllLife to adjust premiums based on user behaviour. AllLife will prompt users to take certain actions to improve their health — everything for taking their medication to going for a run. Successfully completing these tasks helps lower the price of the insurance.

Beerman said: “Instead of using our life company data to price people perfectly, what we should do is we should use data to empower our clients to be the perfect people. Let our data help our clients be the type of people we want them to be.

“We have a follow-on process, we intervene in people’s health. We tell people, don’t forget to do this, you should really do this — we do that through text message, emails, sometimes calls. We intervene.”

Diabetics can reduce the cost of their policy by up to 40% across its lifetime if they do things like regular blood glucose tests, exercise, take their medication regularly, and eat healthily.

Beerman says: “When we interact with people, they actually get better. Just interacting, just caring, just reminding people to do the right thing, actually has an impact on their health whether or not they do the thing you ask them to do. We can see a correlation.”

Royal London will underwrite AllLife’s insurance policies in the UK, while all policies are reinsured by Gen Re, an insurer that is part of investor Warren Buffett’s Berkshire Hathaway Group.

AllLife first developed Kaliber when trying to offer insurance to HIV-positive people in South Africa, where 19% of the population has the condition. The company, founded in 2006, became the first in the world to offer whole life insurance to HIV-positive people.

Beerman says: “What we see in the HIV space is there’s quite a dramatic improvement in people’s health, even though there’s no change to their medication. We think it’s because you’ve got somebody saying: you’re going to live a long time.”

“Outside of sub-Saharan Africa, HIV-positive is not a big proportion of any population group so the question is what else could we do with the processes we built and the systems we delivered? The thing that screams out at me is diabetes. Diabetes is 8.5% of the global population.”

The launch of the UK product is the first use of Kaliber outside of South Africa. AllLife hopes to roll-out its diabetic product to elsewhere in the world in future.

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NOW WATCH: Scott Galloway: The big 4 have created enormous wealth by tapping into our most basic instincts

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