Advances in eye health October 7, 2022 | City Talk May Griffith, PhD, Marie-Claude Robert, MD, Samir Jabbour, MD, and Isabelle Brunette, MD Department of Ophthalmology, Université de Montréal The first-in-human attempt to regenerate the human cornea was a team effort led by May Griffith, who is currently a Université de Montréal (UdeM) professor of ophthalmology. Together with Isabelle Brunette and the Swedish clinical trial [...]
Uber’s former security boss found guilty of criminal obstruction over data hack October 6, 2022 Uber’s former head of security has been found guilty of criminal obstruction for failing to tell US authorities about a 2016 database hack. The breach impacted 57 million Uber records and 600,000 driving-licence numbers, and led to former top dog Joe Sullivan to be fired in 2017. The San Francisco jury convicted Sullivan this week of [...]
Big pay for Big Tech: Facebook UK staff bank £134k a year on average October 6, 2022 Despite reports that tech firms are facing job cuts and a slowdown of hiring, new filings reveal that the average salary for a Facebook employee in the UK hit £134,000 last year. Facebook’s headcount climbed 37 per cent to 5,148 in the UK, with the wage bill up to £693m in 2021. This made the [...]
Viasat and Inmarsat $7.3bn merger could choke competition in wifi market, says CMA October 6, 2022 Viasat and Inmarsat’s $7.3bn (£6.4bn) merger faces further scrutiny from the UK’s competition watchdog over concerns it will choke competition in the aviation sector’s on-board wifi market. The Competition and Markets Authority said today that with both companies having a strong presence in the aviation market, the deal would remove a significant element of competition [...]
Samsung braces for biggest profit slump in years as consumer tech demand dries up October 6, 2022 Samsung Electronics could be swallowing its biggest profit slump in nearly three years in the third quarter, as a global economic crunch weighs on demand for consumer tech. The Korean technology giant may have had its profit dwindle by 25 per cent to $8.3bn (£7.3bn) in the three months to September, according to analysis by [...]
Musk’s Twitter u-turn is the beginning rather than the end October 5, 2022 When news broke that Elon Musk would be moving ahead with his original $44bn takeover of Twitter, it felt like the beginning of a saga rather than the end of it. While the Tesla chief told his 107m followers that the purchase would be an “accelerant” towards his vision of an “everything app”, Musk’s lawyers [...]
Quantum investments buoyed by government interest despite shaky markets October 5, 2022 Investments in quantum startups have been buoyed by increasing government support worldwide, despite a worsening economic climate, the boss of the UK’s only listed quantum investor has said today. The London-listed fund, which floated at the end of 2021, has also seen a “significant” uptick in the quality and number of potential investee companies coming [...]
App Store revenue tumbled last month amid mobile gaming lull October 4, 2022 Apple’s App Store revenue fell last month as gaming slowed on smartphones, according to a note from Morgan Stanley. Analyst Erik Woodring said revenue dropped around five per cent, impacting the US, Canada and Japan. Using data from Sensor Tower, a firm that tracks app downloads and sales, Woodring said the main driver for the [...]
Donelan’s data law reform lag raises eyebrows October 4, 2022 Digital secretary Michelle Donelan has faced criticism over her decision to halt the data reform bill, with experts suggesting that changes will cause more harm than good when carving out the UK’s post-Brexit path. Speaking at the Tory party conference yesterday, Donelan said draft legislation first introduced in July would be paused so ministers could [...]
Chip designer Arm’s workforce nearly halves despite SoftBank promise October 4, 2022 British semiconductor darling Arm has lost 40 per cent of the workforce built up through a pledge by its owner SoftBank. Japanese investment giant SoftBank promised the UK government that it would help support the chipmaker in becoming a wafer-powerhouse, when it first bought the company in 2016. At the time, SoftBank said it would [...]
