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London’s Met Police switches on live facial recognition, flying in face of human rights concerns

London’s Met Police switches on live facial recognition, flying in face of human rights concerns While EU lawmakers are mulling a temporary ban on the use of facial recognition to safeguard individuals’ rights, as part of risk-focused plan to regulate AI, London’s Met Police has today forged ahead with deploying the privacy […]

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LocalGlobe partner Julia Hawkins discusses femtech’s risks and rewards

LocalGlobe partner Julia Hawkins discusses femtech’s risks and rewards London-based seed fund LocalGlobe is incredibly active at the early-stage end of the startup pipeline with a broad focus across multiple sectors and areas, including health. We interviewed partner Julia Hawkins about the opportunities and risks related to femtech investing in light of […]

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What we know (and don’t) about Goldman Sachs’ Africa VC investing

What we know (and don’t) about Goldman Sachs’ Africa VC investing Goldman Sachs is investing in African tech companies. The venerable American investment bank and financial services firm has backed startups from Kenya to Nigeria and taken a significant stake in e-commerce venture Jumia, which listed on the NYSE in 2019. Though […]

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Bolt raises €50M in venture debt from the EU to expand its ride-hailing business

Bolt raises €50M in venture debt from the EU to expand its ride-hailing business Bolt, the billion-dollar startup out of Estonia that’s building a ride-hailing, scooter and food delivery business across Europe and Africa, has picked up a tranche of funding in its bid to take on Uber and the rest in […]

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Felix Capital closes $300M fund to double down on DTC, break into fintech and make late-stage deals

Felix Capital closes 0M fund to double down on DTC, break into fintech and make late-stage deals To kick off 2020, one of Europe’s newer — and more successful — investment firms has closed a fresh, oversubscribed fund, one sign that VC in the region will continue to run strong in the […]

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Travelex suspends services after malware attack

Travelex suspends services after malware attack Travelex, a major international foreign currency exchange, has confirmed it has suspended some services after it was hit by malware on December 31. The London-based company, which operates more than 1,500 stores globally, said it took systems offline “as a precautionary measure in order to protect […]

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Uber’s ride-hailing business hit with ban in Germany

Uber’s ride-hailing business hit with ban in Germany Another legal blow for Uber in Europe: A regional court in Frankfurt has banned the company from sending ride-hailing requests to rental car companies via its app — with the court finding multiple competition violations. The ruling, over Uber’s dispatching process, follows a legal […]

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Blindlee is Chatroulette for dating with a safety screen

Blindlee is Chatroulette for dating with a safety screen Make space for another dating app in your single life: Blindlee is Chatroulette for dating but with female-friendly guardrails in the form of a user-controlled video blur effect. The idea is pretty simple: Singles are matched randomly with another user who meets some […]

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Kid-focused STEM device startup Kano sees layoffs as it puts Disney e-device on ice

Kid-focused STEM device startup Kano sees layoffs as it puts Disney e-device on ice London-based STEM device maker Kano has confirmed it’s cutting a number of jobs which it claims is part of a restructuring effort to shift focus to “educational computing”. The job cuts — from 65 to 50 staff — […]

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Cisco acquires ultra-low latency networking specialist Exablaze

Cisco acquires ultra-low latency networking specialist Exablaze Cisco today announced that it has acquired Exablaze, an Australia-based company that designs and builds advanced networking gear based on field programmable gate arrays (FPGAs). The company focuses on solutions for businesses that need ultra-low latency networking, with a special emphasis on high-frequency trading. Cisco […]

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