The hotel industry isn’t only being disrupted by the likes of Airbnb services; many retailers are entering the hospitality space, too, from auto makers to alcoholic beverage brands to gaming companies. Unique locations are also enticing overnight guests, and waterbeds take on a whole new meaning with these accommodations. Conrad Maldives Rangali IslandAt $50,000 per night, guests staying in th...

The prototype smart bandage, with its microprocessor visible at left.Chronic skin wounds may be notoriously difficult to treat, but at the same time they shouldn't be over-treated, subjecting patients to more antibiotics than is necessary. That's why scientists have developed a "smart" bandage that only dispenses medication as needed.Developed by a research team at Massachusetts' Tufts Universi...

Royal College of Art graduate Jun Kamei has built a garment that functions like gills, which could allow humans to survive when sea levels rise up and submerge the earth.Called Amphibio, the two-part 3D-printed accessory consists of a gill and a respiratory mask. It is designed to allow humans to completely breathe underwater.Kamei has built a working prototype of Amphibio. Although it currentl...

Cutting industry’s carbon emissions will require significant investment and coordinated effort among businesses, governments, and other stakeholders.The industrial sector is a vital source of wealth, prosperity, and social value on a global scale. Industrial companies produce about one-quarter of global GDP and employment, and they make products and materials that are integral to our daily liv...

Facial recognition tech is becoming more sophisticated, with some firms claiming it can even read our emotions and detect suspicious behaviour. But what implications does this have for privacy and civil liberties?Facial recognition tech has been around for decades, but it has been progressing in leaps and bounds in recent years due to advances in computing vision and artificial intelligence (AI...

According to a thorough study done by McKinsey&Company, the subscription e-commerce market has grown by more than 100% a year, over the past five years. This is a staggering number. And if you think this is happening only in the e-commerce space, think again. Pioneered by start-ups and backed by serious venture capital, the subscription model has penetrated a wide variety of industries, fro...

Autonomous vehicle company Zoox has authorized the sale of up to $630 million in new shares, PitchBook has learned. The terms of the deal have not been announced and are subject to change. The company didn't immediately respond to a request for comment.A full $630 million funding could value the company at up to $3.43 billion, per a PitchBook estimate. Rumors of a possible fundraise emerged in...

If you’re going shopping for a car, you’ll likely see dozens of companies competing for your business. But you may not have realized that the vast majority of these brands are in fact owned by a handful of large corporations. There are only a few independent car manufacturers, and those that do exist struggle to stay afloat. When faced with the choice of shutting their doors or joining one of...

An unexpected drop in June comparable sales shows that Victoria’s Secret just keeps struggling to drive traffic, said the investment bank.L Brands Inc. reported an unexpected drop in June comparable sales for its lingerie brand, despite an extended semi-annual sale and deep price cuts. The results show that Victoria’s Secret just keeps struggling to drive traffic, Jefferies said.In fact, "it...