UK investors bet on a deep tech boom after startups across automation, AI, and quantum computing raise $3.3 billion

UK investors are putting more cash into ‘deep tech’ sectors such as artificial intelligence, quantum computing, and genomics. British deep tech startups raised 3 billion euros ($3.3 billion) in 2019, according to indicative Dealroom data. Venture capital investors say cheaper access and improvements in underlying technology make it easier to bet on deep technology startups. Deep tech investors hope to better commercialize research coming out of UK universities and partner with early-stage startups to help scale their operations — and maybe help build the next Google or Microsoft. Visit Business Insider’s homepage for more stories. Automation, artificial intelligence, quantum computing, fusion power, genomics. These are just some of the disparate… Read More

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Here’s the pitch deck social care startup Lifted used to raise almost $2 million in seed funding

Home care startup Lifted just raised almost $2 million in a seed funding round backed by Fuel Ventures. Lifted employs 40 carers, paid London Living Wage, that visit people at home. Via an app, users can see who is caring for them and leave feedback. Cofounder Rachael Crook likens it to Uber for at-home care. The COVID-19 pandemic has forced many families to decide between placing their loved ones in care homes or arranging house visits. Visit Business Insider’s homepage for more stories. Lifted, a London-based startup that lets users book at-home care via an app, has raised nearly $2 million in a seed fundraising round. Backed by Fuel Ventures,… Read More

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Social care startup Lifted just raised almost $2 million in a seed funding round led by Fuel Ventures

Home care startup Lifted just raised almost $2 million in a seed funding round backed by Fuel Ventures. Lifted employs 40 carers, paid London Living Wage, that visit people at home. Via an app, users can see who is caring for them and leave feedback. Cofounder Rachael Crook likens it to Uber for at-home care. The COVID-19 pandemic has forced many families to decide between placing their loved ones in care homes or arranging house visits. Visit Business Insider’s homepage for more stories. Lifted, a London-based startup that lets users book at-home care via an app, has raised close to $2 million in a seed fundraising round. Backed by Fuel… Read More

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Coronavirus: ‘significant’ number of Brits may have natural immunity

Credits Jane Barlow/WPA Pool/Getty Images Alt Text Coronavirus lab Scientists believe milder viruses have primed many people’s immune systems to fight off Covid-19 One-Minute Read Holden Frith Thursday, July 2, 2020 – 9:55am Immunity to Covid-19 may have been widespread among humans even before the pandemic swept across the world, according to Oxford University scientists leading the race for a coronavirus vaccine. John Bell, the university’s regius professor of medicine, told MPs yesterday that white blood cells known as T cells could learn how to tackle the coronavirus from exposure to other, less dangerous infections – including the common cold. See related Why Covid herd immunity could be ‘twice as… Read More

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How racist is Britain today?

Description Two experts on what the government’s own figures tell us about discrimination in the UK Credits Daniel Leal-Olivas/AFP via Getty Images Alt Text Black Lives Matter Two experts on what the government’s own figures tell us about discrimination in the UK In Depth Thursday, July 2, 2020 – 9:05am Anthony Heath, director of the Centre for Social Investigation at the University of Oxford, and Lindsay Richards, lecturer in sociology at the University of Oxford, on what the data tells us about racism in Britain. When seeking to get a picture of the inequality and social injustice faced by black and minority ethnic groups in the UK, a good place… Read More

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How one founder successfully landed cash from the UK’s $400 million coronavirus rescue fund for startups

The UK has extended its £250 million rescue package for startups struggling during the COVID-19 pandemic. Sources told Business Insider that the Future Fund now won’t cap the fund or the number of companies who will receive handouts. Some £320 million has been handed out so far. One startup cofounder, Sara Green Brodersen of Canaree, walked Business Insider through the process of applying for Future Fund cash. Canaree is a London-based enterprise software company that successfully raised cash from the Future Fund after landing match funding from its existing backers, bringing its total raised to £500,000. Visit Business Insider’s homepage for more stories. Sara Green Brodersen, chief executive of enterprise… Read More

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10 things in tech you need to know today

Good morning! This is the tech news you need to know this Thursday. Mark Zuckerberg reportedly said Facebook is ‘not gonna change’ its policies on policing hate speech, in response to a boycott by more than 500 advertisers over the company’s hate speech policies. Major brands like Coca-Cola, Ford, Starbucks, and Verizon have joined the boycott. Apple is re-closing 30 more stores in the US as coronavirus cases have spiked across the country. Apple will be re-closing stores in Alabama, California, Georgia, Idaho, Louisiana, Nevada, and Oklahoma. Facebook and Google may be forced to share their data with rivals, as the UK seeks to check their power. The UK’s competition… Read More

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Texas sets another record for new daily coronavirus cases, with more than 8,000 new infections

Texas surpassed 8,000 new daily coronavirus cases on Wednesday, an all-time high. The state has reported more than 172,000 COVID-19 cases. Texas also recorded its second-highest daily death toll with 57 deaths. Cases all across the US are rapidly increasing. Visit Business Insider’s homepage for more stories. Texas surpassed 8,000 new daily coronavirus cases on Wednesday, making it the state’s all-time record for new cases over 24 hours. The state reported 8,076 new cases, according to KTRK. Last week, the state had three consecutive single-day new records, as cases across the entire US surge. Texas is also reporting its second-highest death toll in 24 hours, with 57 new coronavirus related… Read More

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Bernie Sanders and Elizabeth Warren propose ending ‘qualified immunity’ for police, which would make it easier to hold them liable for wrongdoing on the job

The Ending Qualified Immunity Act would squash a legal doctrine that has allowed public officials to evade personal liability for wrongdoing that occurs on the job. The bill was introduced on Wednesday by Sens. Ed Markey, Bernie Sanders, and Elizabeth Warren. “Ending the racist violence that has stolen far too many Black lives must begin with accountability,” Sen. Elizabeth Warren said in a statement. Visit Business Insider’s homepage for more stories. Three Senate progressives have introduced a bill that would end “qualified immunity” for police and other public officials, making it easier to hold them personally liable for wrongdoing on the job. Under current law, a law enforcement officer can… Read More

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THE IN-STORE CHECKOUT REVOLUTION: How payments companies can take advantage of a $21 billion opportunity

This is a preview of The In-Store Checkout Report from Business Insider Intelligence. 14-Day Risk Free Trial: Get full access to this and all E-Commerce industry research reports. Although there are only a handful of autonomous checkout stores today, the technology has seismic repercussions for in-store retail. These stores, which allow consumers to walk in, grab what they want, and exit without physically checking out, are setting a new standard for convenience in the in-store shopping experience. Much like card payments improved the experience of fumbling for cash and waiting for change, a checkout-free experience will consistently reduce time and effort: Consumers will be able to pay automatically after identifying… Read More

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