[TL;DR] Tech news that you shouldn’t miss this 10/26
Every evening, the best of Tech news is in the TL; DR of FrenchWeb.
TL; DR (invariable acronym) (21st century): initials of “too long; didn’t read“,
either literally “too long ; not read“
1. (Internet) To express that the message that was sent was not read because it was too long.
2. (Internet) To express that the following is a summary of the text too long.
Delicate end of the year for Google, between disappointing results and cases of harassment. Sundar Pichai said the group had sacked 48 workers, including 13 senior officials, for sexual harassment in the past two years.
Why this is important: The world of Silicon Valley has for several years been accused of sexism and of turning a blind eye to sexual harassment. Several controversies had erupted even before the Harvey Weinstein affair last year. The Uber group had in particular seen its image in 2017 heavily tarnished by accusations of sexual harassment, presented by employees as recurring and tolerated by the management of the time. At the same time, the technological giants, starting with Facebook and Google, are seeing criticism and controversy piling up. Accused of inaction in the face of questionable and manipulative content published on its network, Google is also accused of being too powerful, even monopolistic and of disregarding the confidentiality of its users’ data. Thursday, the Mountain View giant was battered on the stock market after the publication of its quarterly results, considered disappointing.
Richemont joins forces with Alibaba to distribute its luxury goods in China. The Swiss group and the Chinese giant will create a jointly controlled company that will launch two mobile applications intended for Chinese consumers.
Why this is important: The two groups also plan to find other ways to expand China’s online offering for luxury goods. “Our digital offer in China is still in its infancy», Declared Johann Rupert, President of Richemont, who hopes through this partnership to become a significant player in the market. The appetite for luxury products is very strong in China, and the business opportunities are to this extent: 32% of purchases in the luxury sector are made by Chinese consumers, making them the leading customers in this category.
Amazon is a hit in the third quarter but is approaching the end of the year with caution. The Seattle giant’s net profit increased more than tenfold between July and September, to $ 2.9 billion.
Why this is important: Online and cloud retail giant Amazon saw its net profit explode in the third quarter, but its holiday forecast was deemed disappointing, causing the stock to fall sharply. The group of Jeff Bezos, the richest man in the world, in fact forecasts revenues of between 66.5 and 72.5 billion dollars for the last quarter, that of the end of the year holidays, traditionally auspicious for Amazon , while analysts expect 73.9 billion. Once again, the group owes much of its good health in the third quarter to Amazon Web Services (AWS) (AWS), its cloud activity (cloud computing), which has become its cash cow. AWS reported $ 6.7 billion in revenue, up 45%, in line with market expectations, for operating profit nearly doubled to $ 2.07 billion.
Strasbourg’s HypnoVR brings virtual reality headsets to the operating room. 12 million anesthesias are performed each year in France.
Why this is important: The operating room equipment is enriched with a new unexpected object under the leadership of the Strasbourg start-up HypnoVR, which is launching tools to make life easier for anesthesiologists and hypnotherapists. “Medical hypnosis has been around for 20 years. We know that it works, it helps treat pain and anxiety, reduce the doses of anesthetic drugs and, at the same time, side effects, it improves recovery …», Lists Nicolas Schaettel, one of the founders of the company HypnoVR. This practice is spreading more and more in hospitals but hypnotherapists, victims of their success, lack the time to devote to patients. HypnoVR, founded in 2016 by two anesthetists and an entrepreneur, offers a solution: virtual reality software and headsets allowing the hypnotherapist to take care of several patients at the same time.
Investments in French companies less productive than in the rest of Europe. Investment in machinery and equipment is “a little lower” in France than in neighboring countries.
Why this is important: French companies have been investing more money for ten years than those in other European countries, but without producing the expected economic benefits, estimates a study released on Friday. French companies “have for ten years a higher level of investment than their counterparts in most other European countries, without producing the expected economic benefits», Notes the study carried out by France Stratégie and the think tank La Fabrique de l’Industrie. This document underlines the important weight of “intangible investment»In France, particularly in software and research and development (R&D), but also a lower investment in production machines and equipment. The authors speak of “paradox“And wonder why”the high level of investment by French companies seems to have little macroeconomic effect“.