Babylon Health Gets $2 Billion Valuation With New Funding That Will Help It Expand In U.S.

Ali Parsa CEO and cofounder of Babylon Health. BABYLON HEALTH Babylon Health, a U.K.-based startup whose fast growth has been shadowed by concerns about the efficacy of its telemedicine apps, has raised $550 million in Series C funding, elevating the company to unicorn status. Saudi Arabia’s Public Investment Fund (PIF), which invest on behalf of the Saudi Arabian government, led the round that valued the company at $2 billion with a total of $635 million raised. The new capital will enable the company to expand into more markets including the…

Read More

Virgin’s Branson halts talks on $1 billion Saudi investment in space ventures

British billionaire Richard Branson said on Thursday that his Virgin Group would suspend its discussions with Saudi Arabia’s Public Investment Fund over a planned $1 billion investment in the group’s space ventures, in light of the disappearance of Saudi journalist Jamal Khashoggi. “What has reportedly happened in Turkey around the disappearance of journalist Jamal Khashoggi, if proved true, would clearly change the ability of any of us in the West to do business with the Saudi government,” Branson said in a statement. Branson also said he would suspend his directorship…

Read More

Facebook to Invest $1 Billion in First Asian Data Centre in Singapore

HIGHLIGHTS The data centre is slated to open in 2022 Facebook’s facility will be located in the west of the island Data centre isn’t country specific to where users are located: Facebook Facebook said on Thursday it will invest more than $1 billion (roughly Rs. 7,100 crores) to build its first data centre in Asia in Singapore, slated to open in 2022. Facebook’s facility will be located in the west of the island, near where Google is expanding its Singapore data centres in an $850 million (roughly Rs. 61,000 crores) investment as mobile…

Read More

Labour reveals its $4 billion education plan

Labour will pour an extra $4 billion dollars into the education sector over the next four years if it’s voted into Government this election. It’s promising to pump $1.8 billion into the industry to deliver more teachers and resources, provide better professional development and help the sector meet rising costs. Labour leader Andrew Little said “After years of underfunding for education including a funding freeze there’s no question that the teaching profession, the schools, the education system is under pressure.” As part of the party’s education manifesto early childhood centres…

Read More

IBM’s New Tech Squeezes 30 Billion Transistors Into Fingernail-Sized 5nm Chip

IBM and its chip manufacturing partner companies Samsung and Globalfoundries still believe in Moore’s Law, and have just announced a new procedure to make silicon nanosheet transistors that will enable 5-nanometre chips. Furthermore, the technology can be deployed to affix 30 billion transistor switches into a single chip equal to a fingernail in size. The process details will be presented at the 2017 Symposia on VLSI Technology and Circuits conference to be held in Japan, IBM says. The world’s first 7-nanometre chip was introduced in 2015 by IBM in a…

Read More

Huge Study Finds a Billion People Suffer From High Blood Pressure

The number of people with high blood pressure has almost doubled in 40 years to over 1.1 billion worldwide, scientists said on Wednesday, with the burden of the condition shifting from the rich to the poor. In the largest study of its kind analyzing blood pressure in every nation between 1975 and 2015, the scientists said that it has dropped sharply in wealthy countries – possibly due to healthier diets and lifestyles – but risen in poorer ones. The increases are especially significant in Africa and South Asia, the researchers…

Read More