San Francisco-based R&D laboratory Otherlab has picked up a wad of DARPA funding and has been tasked with developing the world’s most advanced industrial paper airplane. That’s because DARPA, the US military’s experimental technology unit, says it wants to get its hands on vehicles able to make precise deliveries of critical supplies and then capable of disappearing into thin air.
L’Oréal and Founders Factory have chosen five beauty tech start-ups to participate in their first beauty accelerator programme. The initiative aims to cherrypick a quintet of high-potential, early stage start-ups every year with a view to co-create two new businesses. L’Oréal and Founders Factory received 180 applications from beauty entrepreneurs, selecting the five finalists for the six month programme after a pitching session.
Will the backlash against new technologies usher in an era of digital dieting? Because mobile innovations mean we are available 24/7 and that dominates both our work and home lives. There’s a growing realisation that there are a huge number of downsides to being constantly connected, in terms of higher stress levels, distraction, unease around social interaction and privacy, plus a general fear that we are not experiencing ‘real life’.
wastED London is going up on the roof over in Oxford Street. The food-waste-based pop-up will open at Selfridges rooftop space on 24 February for a run lasting until 2 April 2017. That means wastED will partner with local farmers, fishermen, suppliers and retailers to ‘reimagine’ by-products at every step of the food chain. And chief chef Dan Barber is prepared to share the burners with guest cooks from around Europe looking to put together their very own waste-based dishes for diners, writes Root Wilson*.
Three-fifths of consumers have begun paying for something via their mobile phone only to abandon the procedure before final purchase in checkout. Why the high cart abandonment rate? A third of people say they abandon the process because they are asked for too much sensitive information to complete the transaction, while 20% say the process is simply too long, while they same percentage say they have had to deal with connectivity/technical issues, according to the Mobile Money Report from MEF and Wirecard.
Leading Chinese drone manufacturer DJI has reportedly acquired a majority stake in renowned Swedish camera maker Hasselblad. DJI picked up a small piece of the company at the tailend of 2015 with a view to the two firms sharing technical expertise to ‘take visual storytelling to the next level’ and ‘push the borders of what’s possible in imaging technology’.
Fintech firms need more regulatory oversight as they have may disrupt the banking sector and threaten financial stability, warns German Bundesbank president Jens Weidmann. He says authorities need greater insight into such outfits’ activities to get a better understanding of how they might pose a stability threat.
London’s Saatchi Gallery is on the lookout for the world’s most creative selfies with the #saatchiselfie contest. The gallery is seeking entries that are experimental and innovative and that ‘take the selfie in exciting new directions’. The competition will be judged by a panel of artists and “forward-thinkers”.