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Archivo del Autor: Belen De Leon

29Rooms, an Instagram-ready art exhibit, opens in San Francisco – CNET

Pop Art meets pop-up shop.
Source: CNET

iOS 12: Release date, new features and hidden features – CNET

Every new feature coming for the iPhone and iPad.
Source: CNET

Robotic kitchen arms can cook you a 5 star meal video – CNET

The Moley kitchen can cook you dinner and do the dishes.
Source: CNET

Inside the Science of Apeel, the Clever Coating That Saves Your Avocados

A coating doubles the ripeness window of avocados. How? By supercharging the defenses that evolution crafted on its own.
Source: Wired

18 Best Nintendo Switch Accessories (2018): Controllers, Cases, Screen Protectors, Battery

Have a Nintendo Switch? You really should get some of these accoutrements.
Source: Wired

The Mission to Build the Ultimate Burger Bot

Alex Vardakostas has been on a decade-long quest to build a robot that can prepare the perfect cheeseburger. It could also put his family out of work.
Source: Wired

China’s VIPKID, which links native English speakers with online learners, raises another $500M, reportedly at $3B+ valuation

The online language school market is continuing to heat up, and a startup that connects native English speakers with an audience of students spanning China and 35 other countries for live language tutorials, is helping fan those flames. VIPKID, based out of Beijing, today announced that it has raised $500 million in funding — a Series D+ round that potentially values the startup at over $3 billion, based on reports in April when it was still raising the money.

(We’ve reached out to the company to see if we can get more detail on that front.)

This latest growth round was led by a group of investors that include both strategic and financial players: Coatue Management, Tencent, Sequoia Capital and Yunfeng Capital — Alibaba chief Jack Ma’s investment company — were all co-leads on the deal.

For some context on that valuation and how it has soared in the last year, it was in August 2017 that VIPKID raised $200 million on a $1.5 billion valuation. It has now raised some $850 million in financing since being founded in 2013.

The company’s size has soared in that time, too. Last year VIPKID said that it had 20,000 teachers and 200,000 paying students from 32 countries. Now those numbers are at over 40,000 teachers and 300,000 students across 35 markets.

With the bulk of the latter group still coming from China — as we have written before, it’s targeting a very large group of upwardly-mobile parents in the country who are looking to improve their children’s English skills — it looks like VIPKID might be looking to ramp up targeting more markets.

But as with many other two-sided marketplaces, VIPKID also faces a lot of competition on the supply front: as we reported in April, it’s competing against the likes of other Chinese companies like VIPABC, 51Talk, and others to hire native English speakers to fuel their live tutoring programs.

VIPKID’s core product is likely attractive to investors because of how it has successfully tapped into more than one growth area in the tech world, namely online education, live video streaming services and e-commerce. Going forward, the company plans to use the funding in three areas, according to founder and CEO Cindy Mi (pictured above), that will help advance all three of these.

“The first is to enhance the student learning experience by adding more leading educational curriculum content and products such as online textbooks, and creating a seamless user experience by enhancing engineering, technology and product,” she said in a statement. “The second is to provide additional tools and assistance to teachers and continued growth of the teacher community to support the increase in product offerings. The third is to leverage the latest advances in machine learning to explore and pioneer the future of learning.”

It’s interesting to note that VIPKID does not seem to be focused right now on moving outside of its core focus of teaching English. However, you could imagine how the same tools and framework could be used for other language vectors — for example, teaching Mandarin to English speakers, or Spanish to an Indian audience. In other words, VIPKID might just be at the tip of the iceberg in terms of its potential.

Online education is getting fuelled by a massive wave of capital at the moment. VIPKID notes that in the first half of 2018, Chinese K-12 education startups picked no less than $1.5 billion in financing. Further afield, Memrise earlier this month raised $15.5 million; and Blinkist — which condenses non-fiction books in aid of encouraging “life-long learning” — yesterday announced $18.8 million in funding. And Coursera may also be due for a financing injection soon, too.

Within the bigger category, there are some clear leaders emerging, and that is where the bulk of money is going, it seems.

“We believe that VIPKID is transforming the shape of traditional education on a global scale and is providing an excellent new model for future education,” said Philippe Laffont, Founder of Coatue Management, in a statement. “Coatue is excited about VIPKID’s opportunity to integrate outstanding educational resources globally and boost its internationalization process.”

Notably, WeChat owner and Internet giant Tencent works with another online education startup, Age of Learning, meaning there is potential for helping VIPKID also grow using its network effect. “Tencent attaches great importance to investment in online education,” said Lin Haifeng, managing partner at Tencent Investment, in a statement. “We hope to have close cooperation with our most important partners like VIPKID and to help the Chinese education industry explore the global market and the boundaries and possibilities of education.”

Other investors have included Kobe Bryant, Innovation Works, Learn Capital, Sequoia Capital, Matrix Partners and Northern Light Venture.

See more from Cindy Mi speaking to us at Disrupt last September here.


Source: TechCrunch

Lydia now supports Samsung Pay

While French banks are just catching up to Apple Pay, French startup Lydia is adding support for Samsung Pay. If you have a recent Samsung phone, you can now add a virtual card to Samsung Pay and pay using your phone in your favorite stores.

Lydia started as a peer-to-peer payment app. It works more or less like Venmo or Square Cash in the U.S. After signing up, you can add a debit card to your account and send and receive money for free. You can withdraw your balance to a traditional bank account whenever you want.

The company has been adding more features to turn Lydia into the only banking app you need. You can now connect Lydia to your bank accounts, view your balances, get an IBAN, initiate transfers, create Lydia sub-accounts with multiple people and get a physical MasterCard.

Some features are now part of a premium subscription for €2.99 per month ($3.47) or €3.99 per month with the physical card ($4.62). The company also expanded to the U.K., Ireland, Spain and Portugal. There are a million registered users on Lydia.

More interestingly, Lydia wants to go beyond peer-to-peer payments. You can use Lydia to pay in some grocery stores, such as Franprix stores. You can also pay online by receiving a push notification and confirming the transaction in the Lydia app — Cdiscount supports Lydia for instance.

And when you can’t pay with your Lydia account directly, the startup doesn’t want to play favorites. You can generate a virtual card and enter the card number on an e-commerce website. You can add this virtual card to Apple Pay or Samsung Pay. Let’s see if Google Pay is next.

This could be particularly interesting for users who can’t use those payment systems because their banks don’t support those features. Let’s be honest, you rarely change your bank. With Lydia, you can still use Apple Pay or Samsung Pay with your existing bank account.


Source: TechCrunch

How ‘Self-Limiting’ Mosquitos Can Help Eradicate Malaria

With help from the Gates Foundation, Oxitec aims to release genetically engineered mosquitoes in the Western Hemisphere by 2020.
Source: Wired

Big Tech Isn’t the Problem With Homelessness. It’s All of Us

Amid all the digital wealth, the big cities of the West are racked with the destitute. We know how to solve this problem, so what’s stopping us?
Source: Wired

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