Category Archives: Technology startups

Users of ‘throuples’ dating app Feeld may have had intimate photos accessed

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Alternative relationships site says it has resolved concerns about data security that tech firm claims to have uncovered

Users of Feeld, a dating app aimed at alternative relationships, could have had sensitive data including messages, private photos and details of their sexuality accessed or even edited, it has emerged, after cybersecurity experts exposed a string of security “vulnerabilities”.

Feeld, registered in the UK, reported soaring revenues and profits this month, thanks to millions of downloads from non-monogamous, queer and kinky users across the world.

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‘Throuples’ dating app Feeld nearly doubles turnover to £39.5m

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Platform run from industrial estate in Cumbria and catering to alternative relationships has expanded globally

A dating app aimed at alternative relationships nearly doubled its revenues last year as non-monogamous, queer and kinky users helped the UK-based business expand its reach across the world.

Feeld, founded by an entrepreneur couple in an open relationship, has said it is “on a mission to elevate the human experience of sexuality and relationships” from its registered office on an industrial estate in Carlisle, Cumbria.

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TechScape: How Silicon Valley Bank UK was saved

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In this week’s newsletter: While its quick slip into financial hardship has left American bankers reeling, its UK division is surprisingly fine. But the tech sector isn’t out of trouble yet

Last week, if you had heard of Silicon Valley Bank UK, you probably worked in tech. The bank had only been spun out in to a separate entity last summer, after its few thousand corporate customers pushed it over a regulatory threshold, and while SVB had grown to almost hold £10bn of deposits, with £5.5bn of outstanding loans, it was very much a specialist player.

The bank’s selling point was that it understood the needs of the “innovation economy”, something that high street banks frequently failed to acknowledge. A startup might have zero revenue, yet hold £5m in the bank and have 10 employees, a profile fundamentally different from a typical small business. As a result, trying to get something as simple as a corporate credit card could be a surprising hassle, and when SVB arrived on the UK scene, it was enthusiastically adopted by founders and venture capitalists alike.

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Where does the Britishvolt collapse leave UK’s dream of an electric future?

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Britain’s car industry relies on petrol or diesel vehicles – and every failure to be part of the electric revolution makes it more exposed

The battery startup Britishvolt eyed a big opportunity. With the looming UK ban on sales of internal combustion engine cars after 2035, big demand for batteries was guaranteed. The problem was actually building the batteries.

The company’s efforts have now come to nothing. It collapsed into administration on Tuesday after funding talks failed, leaving a string of disappointed backers ranging from the FTSE 100 companies Glencore and Ashtead to the property investor Tritax, owned by investment group abrdn, which had committed to fund a battery “gigafactory” in Northumberland.

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Yoga, nature walks: Salesforce opens luxe ‘ranch’ to help remote workers connect

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In an internal survey, employees asked company to find ‘ways to connect’ which the 75-acre Trailblazer ranch will provide plenty of

Salesforce employees will soon be able to hold meetings in California’s redwood forests after the company announced plans to open its own luxury ranch to help staff “connect” after two years of remote working.

The 75-acre property known as Trailblazer Ranch is located near Santa Cruz, California, and boasts an outdoor amphitheater, a communal kitchen, fitness and learning centers and conference rooms. The property also features sleeping pods and suites equipped with fireplaces and employees will be able to partake in guided nature walks, yoga sessions, garden tours, group cooking classes, art journaling and meditation.

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China’s indebted property sector highlights a fading economic revival

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Xi Jinping’s mission is not only to control the housing bubble, but rein in untethered industries and foreign capital

China’s economy has become heavily dependent on property development over the last decade. High-rise apartments have mushroomed across hundreds of cities to house a growing white-collar workforce, while glass and steel office blocks are dominating city centres, mimicking Shanghai’s glittering skyline.

Valued at more than $50tn after 20 years of rapid growth, Chinese real estate is worth twice as much as the US property market and four times China’s annual income.

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Prince Harry joins $1bn Silicon Valley startup as senior executive

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Duke of Sussex’s first formal role since ending royal duties involves ‘meaty role’ as chief impact officer at BetterUp

Prince Harry has been given a job by a $1bn (£730m) Silicon Valley startup which provides professional coaching, mental health advice and “immersive learning” as its chief impact officer.

The Duke of Sussex said he hoped to be able to use his own experiences using the “the power of transforming pain into purpose” to help BetterUp’s clients with “proactive coaching” for personal development, as well as achieve “an all-round better life”.

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Thousands apply to be a Finn for 90 days in migration scheme

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Americans, Canadians and Britons among those lured by campaign to attract foreign tech workers

Finland has received more than 5,300 applications in a month for a groundbreaking scheme offering foreign tech workers and their families the chance to relocate to the Nordic country for 90 days to see if they want to make the move permanent.

“We’re not top of many relocation lists, but we know once people do come, they tend to stay,” said Johanna Huurre, of Helsinki Business Hub which devised the campaign. “There’s huge competition globally for talent, so we had to think creatively.”

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Just the tonic: app helps Iraqi patients locate vital medicines

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In Mosul, sourcing essential medication can be an expensive struggle – but entrepreneur Ameen Hadeed may have found the solution

When Ameen Hadeed’s father had heart surgery in 2015, the tricky part was not the operation but finding the drugs to aid his recovery.

The clinic had no medicine, so Hadeed was told to hustle around his home city Mosul to find the prescriptions. It took hours and cost a small fortune, as he visited store after store.

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Zoom says engineers will focus on security and safety issues

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Video app has seen a surge in popularity for both work and private use during lockdown

Zoom, the hit video conferencing platform, will freeze new feature development and shift all engineering resources on to security and safety issues, its founder has said..

The move comes as the company battles the damage caused by a string of minor scandals ultimately related to the same scrappy approach that enabled it to capitalise on the wave of global lockdowns in the first place.

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Maths and tech specialists need Hippocratic oath, says academic

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Exclusive: Hannah Fry says ethical pledge needed in tech fields that will shape future

Mathematicians, computer engineers and scientists in related fields should take a Hippocratic oath to protect the public from powerful new technologies under development in laboratories and tech firms, a leading researcher has said.

The ethical pledge would commit scientists to think deeply about the possible applications of their work and compel them to pursue only those that, at the least, do no harm to society.

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