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NEW
Healthtec firm Infermedica nets $10 million for AI-driven platform
Digital healthcare startup Infermedica has raised over $10 million in Series A funding. Infermedica's AI-driven, multi-language platform offers preliminary medical diagnosis and triage to patients. The funding has been led by the European Bank of Reconstruction and Development, and equity investor Heal Capital. Infermedica’s API is used by a number of tech companies, including Microsoft.
20H
ChargePoint gets funding boost
ChargePoint has received a cash injection worth $127 million. The company was one of the forerunners in electric vehicle charging, launching back in 2007. This renewed investment comes as manufacturers step up their EV plans. ChargePoint has more than 114,000 EV charging stations globally. It has now raised $660 million in total following this Series H round.
24H
Marinus Analytics using Amazon's graph database to fight human trafficking
Marinus Analytics is deploying Amazon Neptune in its mission to combat human trafficking. Neptune is a cloud-based graph database that underpins Marinus Analytics' "Traffic Jam" tool. Traffic Jam is able to sift through information online regarding known trafficking groups. It supports the work of law enforcement agencies. Integration with the Amazon tech began earlier this year.
1D
UK's Home Office drops 'racist' visa applications algorithm
The UK's Home Office has canned a controversial algorithm which it had been using to process visa applications. Migrants' rights campaigners complained that the tool contained "entrenched racism" and that it gave "speedy boarding to white people". While officials rejected that description, the Home Office confirmed it would redesign the algorithm. Bias is a common problem in AI models.
2D
Google and Harvard release COVID-19 forecasting tool
Google has released a set of models that make data-driven forecasts for COVID-19. The COVID-19 Public Forecasts have been developed in unison with the Harvard Global Health Institute. The models, based on machine learning, have been trained on public data and can project cases, deaths and other metrics. Google has made them free to query in BigQuery or to download as CSVs.
2D
Verizon will cut prices to enable remote learning for South Carolina students
Verizon is to offer 150,000 South Carolina students discounts on internet bills. It says this will enable remote learning at scale for disadvantaged young people. The initiative, which is a partnership with the South Carolina Office of Regulatory Staff (ORS), is aimed at students who don't have access to Internet connectivity. The spread of the coronavirus has seen distance learning surge.
2D
Accenture deal with US Air Force could be worth $950 million
Accenture has won a contract with the United States Air Force to build an advanced "battle management" system. The deal could end up being worth $950 million. Accenture says it is leveraging "open systems design, modern software and algorithm development" to deliver for the Joint All Domain Command and Control. Accenture Federal Services, a subsidiary of Accenture, was awarded the contract.
2D
Linux Foundation forms coalition on open source security
The Linux Foundation is pulling together some of tech's biggest names to solve issues around open source security. Its new Open Source Security Foundation will build "targeted initiatives and best practices". Founding members include Google, IBM and Microsoft. "We believe open source is a public good," said Jim Zemlin. All of the group's initiatives will be done in the open on GitHub.
3D
Facebook set to pay $650 million in facial recognition lawsuit
Facebook has increased its settlement offer in a high-profile lawsuit around the use of facial recognition technology. Users in Illinois claim that Facebook violated its Biometric Information Privacy Act through its "Tag a Friend" feature. Originally set at $100 million, Facebook's settlement offer is now $650 million. Illinois residents have made similar complains and other tech firms.
5D
EV maker Xpeng raises additional $300 million - report
Chinese EV maker Xpeng is reportedly set to raise an additional $300 million in funding. Earlier this month, the firm scooped $500 million from a high-profile set of investors. Now CNBC is reporting that they will receive the extra cash, with the Qatar Investment Authority set to provide funding. Xpeng, also backed by Alibaba, is seen as one Tesla's main rivals in China.
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MAGAZINE
Issue 1
Tech For Good exists to highlight how new technologies are bringing positive change to the world. In our very first issue, George Tilesch and Omar Hatamleh offer their expertise on governing AI, while we also track agritech's rise and speak to the City of Atlanta's CIO.
Features