The Huupe is a smart basketball hoop that uses AI to track performance, with an option to challenge other players remotely around the world. Photo: Huupe
The Huupe is a smart basketball hoop that uses AI to track performance, with an option to challenge other players remotely around the world. Photo: Huupe
The Huupe is a smart basketball hoop that uses AI to track performance, with an option to challenge other players remotely around the world. Photo: Huupe
The Huupe is a smart basketball hoop that uses AI to track performance, with an option to challenge other players remotely around the world. Photo: Huupe

Leap 2024: Can Huupe fuel success of sports technology start-ups through AI?


Cody Combs
  • English
  • Arabic

Advancements in artificial intelligence will transform basketball and other sports, said the inventors and co-founders of Huupe, a sports-tech company, on the second day of Leap technology conference in Riyadh.

Huupe is a smart basketball hoop that can track, analyse and potentially improve player performance.

Co-founders Lyth Saeed, a Palestinian-American, and Paul Anton, a Greek-American, both from Milwaukee, took to the stage at Leap to talk about their goals for the product and the California-based company.

"We want to be the Fortnight of basketball," said Mr Anton, referring to the popular multiplayer online video game, noting that Huupe allows for a similar experience between players in various geographic locations.

Huupe co-founders Paul Anton and Lyth Saeed discuss their AI-infused, smart basketball hoop at the 2024 Leap technology conference in Riyadh. Cody Combs / The National
Huupe co-founders Paul Anton and Lyth Saeed discuss their AI-infused, smart basketball hoop at the 2024 Leap technology conference in Riyadh. Cody Combs / The National

Mr Saeed and Mr Anton said the genesis of their invention goes back to their childhood, both of them growing up as friends in the US state of Wisconsin, and both being long-time basketball fans.

They founded the start-up in 2015 but it took several years as they sought the right technology, tools and financing to implement their smart basketball vision.

"We thought, for sure, someone had come up with the idea to make the backboard a screen before, but we were the first," said Mr Saeed, noting that Huupe successfully secured a patent for their product.

"We're the first company to display that information on the backboard in real time."

As of 2023, they said Huupe had raised $11 million from investors.

The company's smart basketball hoop, unveiled in 2022, is currently available for $4,995 or $9,995, depending on the model.

Soon, the company hopes to introduce a Huupe 'mini', which it hopes will cost $499.

The company had not merely created a smart basketball hoop, but rather a basketball platform with an app that allows for users to sign up for various training sessions and features, the co-founders told the crowd at Leap.

So far, according to Huupe, more than 1,000 orders have been placed.

Mr Saeed said the company has installed its first Huupe in Saudi Arabia at one of Saudi Aramco's facilities.

They have also sold several in the UAE.

"We have investors in the UAE," said Mr Anton, who added that Huupe is currently pursuing a series A funding round.

Huupe's smart basketball hoop tracks shooting percentage, player location and speed, and offers advice from various athletes through video and the app.

It also allows for players to play various games remotely against one another, assuming both have a Huupe installed.

The company said purchases of the hoop were already available outside the US.

Mr Saeed and Mr Anton are not alone with their vision of a merger between technology, data and sport, especially at Leap, where hundreds of technology companies are laying out a plans for athletes, teams and fitness aficionados.

Mohamed Kamel, chief executive of Lumin Soft, an Egypt-based custom software and data science company, showed an AI-powered product, Pitch+, which can analyse football players through video camera and almost instantaneously provide analysis and trends.

“It could be a revolution for football,” Mr Kamel said. “It’s all done without GPS tracking,” he added, referring to similar products which rely on cumbersome devices players have to wear.

Pitch+, an AI-based technology by Lumin Soft, seeks to revolutionise football with its proprietary tracking technology, on display at Leap in Riyadh. Cody Combs / The National
Pitch+, an AI-based technology by Lumin Soft, seeks to revolutionise football with its proprietary tracking technology, on display at Leap in Riyadh. Cody Combs / The National

"If you're a coach and need to analyse the opposing team, you can show Pitch+ the team's game and analyse it," he added.

Lumin Soft is in the early stages of putting together a marketing plan to court football clubs to use Pitch+, while also working on overall fitness training technology to be used in homes.

Momentum surrounding AI shows no sign of slowing down, especially at Leap, where AI and large language models are being featured and promoted by various tech companies and start-ups throughout the large exhibition venue.

RESULTS

Tottenham 1

Jan Vertonghen 13'

Norwich 1

Josip Drmic 78'

2-3 on penalties

The struggle is on for active managers

David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.

The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.

Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.

Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.

Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.

At the start of the year, Greenlight managed $6.3 billion in assets, according to a regulatory filing. By May, the firm was down to $5.5bn. 

Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

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%3Cp%3EDirector%3A%20Khalid%20Fahad%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Shaima%20Al%20Tayeb%2C%20Wafa%20Muhamad%2C%20Hamss%20Bandar%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A
Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal 

Rating: 2/5

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%3Cp%3E%3Cstrong%3EFirst%20match%3A%20%3C%2Fstrong%3ENovember%2020%0D%3Cbr%3E%3Cstrong%3EFinal%2016%20round%3A%20%3C%2Fstrong%3EDecember%203%20to%206%0D%3Cbr%3E%3Cstrong%3EQuarter-finals%3A%20%3C%2Fstrong%3EDecember%209%20and%2010%0D%3Cbr%3E%3Cstrong%3ESemi-finals%3A%20%3C%2Fstrong%3EDecember%2013%20and%2014%0D%3Cbr%3E%3Cstrong%3EFinal%3A%20%3C%2Fstrong%3EDecember%2018%3C%2Fp%3E%0A
The specs
Engine: 2.0-litre 4-cyl turbo

Power: 201hp at 5,200rpm

Torque: 320Nm at 1,750-4,000rpm

Transmission: 6-speed auto

Fuel consumption: 8.7L/100km

Price: Dh133,900

On sale: now 

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

MATCH INFO

England 241-3 (20 ovs)

Malan 130 no, Morgan 91

New Zealand 165 all out (16.5ovs)

Southee 39, Parkinson 4-47

England win by 76 runs

Series level at 2-2

Company profile

Company: Eighty6 

Date started: October 2021 

Founders: Abdul Kader Saadi and Anwar Nusseibeh 

Based: Dubai, UAE 

Sector: Hospitality 

Size: 25 employees 

Funding stage: Pre-series A 

Investment: $1 million 

Investors: Seed funding, angel investors  

Updated: March 06, 2024, 3:46 AM`