03 Dec 2019

Startup NEWS, Dec 3, 2019

1. Cyber Monday shoppers on track to hit a record $9.4 billion, Adobe Analytics says.

  •  As of 9:00 a.m. New York Time, Cyber Monday shoppers have already spent $473 million online, according to data released by Adobe Analytics, which monitors the online transactions of 80 of the top 100 web retailers in the U.S. The firm says this year Cyber Monday online sales are on track to hit $9.4 billion. Last year, Cyber Monday sales hit $7.9 billion. Samsung TVs, Apple laptops and Amazon Echo are among the most popular electronic products, according to Adobe.
  • Black Friday was predicted to be the busiest shopping day of the year in the U.S. for shoppers to head out to stores, but even on that day, people were loading up online shopping carts. Online spending hit a record of $5.4 billion, up 22.3% from a year ago, according to Adobe data Sunday night.

2. Elon Musk paid nearly $1 million for an abandoned car bought by a couple for $100.

  • A Couple paid $100 for the abandoned cars they found in a storage unit and Elon Musk bought it from them for nearly $1 million. The Long Island, New York couple paid roughly $100 for an unclaimed storage unit in 1989.  Years later, Elon Musk bought their find for nearly $1 million.
  • The car turned out to be a 1976 Lotus Esprit sports car used in the filming of the 1977 James Bond film. According to a post on tweeter, Musk said the car influenced the design of the newly launched Tesla Cybertruck.

3. Carbon capture just got cheaper and more efficient. Thanks to MIT engineers! 

  • Have now created a device to trap carbon dioxide that is much less energy-intensive and costly than today’s technologies, according to a report from the journal Energy and Environmental Science. Capturing carbon dioxide from smokestacks, and even removing it directly from the air, might be the only way to avert the most catastrophic effects of climate.
  •  The device, according to the report, works a lot like a battery. It absorbs carbon dioxide from air passing over its electrodes. It could be made as small and large as needed, making it easy to use at different carbon dioxide emission sources.

4. London-based fintech Startup Hastee scores $270 million in investments to accelerate growth. 

  • Hastee, a fintech startup that enables workers to receive a portion of their earned pay immediately, announced today it has secured $270 million (£208 million) of investment to fund the development and growth of its financial wellbeing solution that gives workers immediate access to their earned pay.
  • This funding is led by Umbra Capital and supported by IDC Ventures and others. Founded in 2017 by James Herbert and Simon Draper, Hastee is on a mission to solve the nation’s reliance on high-cost credit, most notably payday loans, credit cards and overdrafts, by providing fairness and financial freedom to workers. Its award-winning financial wellbeing benefit lets workers access up to 50% of their earned pay on-demand, via the Hastee App.

5. How this Anand Mahindra-backed startup is empowering the visually impaired

  • Braille has been a fundamental tool for the blind in terms of literacy, employment, and independence. Annie, a self-teaching Braille device, is empowering by visually impaired by helping them learn Braille by themselves through interactive content.
  • “The device uses a Helios Analytics suite for easy tracking of student progress (analytics) and downloading of new content. It also allows for scheduling of tests and lessons and also enables teachers to give homework,” the 25-year-old entrepreneur said, adding that the suite compares results, identify areas that need more focus and generate performance reports of the entire classroom.

 

About Philomathes Jigyasu

Philomathes (pronounced as fillo-MAY-thus) is a fictional character at VAYUZ (https://www.vayuz.com), who is on a never ending journey called “LEARNING”. In a way, Philomathes embodies VAYUZ - Way of life, which is if you are not learning then you are not breathing. The word Philomathes, comes from the Greek roots philo and philein meaning "to love" and the Greek roots mathos (MAH-thos) and mathesis (muh-THAYSIS) meaning “learning”. Philomathes through his Blogs and Vlogs (Video Blogs) will share his experience, learnings and thoughts. In his tryst to learn and understand, he would also seek answers to questions. So if you would like to join him in this incredible journey called “ life” then feel free to write to him on philomathes.jigyasu@vayuz.com. Always remember, knowledge is all around us, we just need to keep our guards down and senses on.

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